How Much Does It Cost To Buy An Apartment Complex In California

Per Unit Cost 64500-86000.

How much does it cost to buy an apartment complex in california. Apartment complexes tend to be significantly more costly than smaller multi. Unexpected apartment building operating and renovation expenses As a new apartment building owner you will incur unexpected expenses. The following spreadsheet will give you a good idea of the number and variety of expenses you will incur as an apartment building owner.

We have best offers from 1674000 to 4995000. On a building producing 500000 in rent a 5 percent management fee would add up to 25000 a year. An apartment complex is generally categorized as a residential property with five or more units.

There are also however some additional complications. Heres the interesting point. 12 units 871 square feet.

Our prices come straight from developers property owners and local agencies. Upfront of course buying will seem pricier because. The cost will vary based on the age of the building and the type of property such as A B or C apartment complex.

We also placed a cap on the use of the tenants utility usage. In my market I can buy a fourplex that cash flows for around 100000 and if I was willing to live in the property I could use an FHA loan and house hack by living in one of the units for only 35 down. Lets say for instance that you pay 1000 to rent but buying an apartment will cost 200000.

2 - 22 million per project. This spreadsheet includes two properties totaling 45 units. Management fees vary greatly but typically fall in a range between 3 percent and 7 percent of the rent collected.