Market Conditions in Sherman Oaks : Advice

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Dot Chance, Real Estate Pro in Burbank, CA
Dot Chance answered:
I want to buy apartment building in sherman oaks.I look around $1000000 property. Are the prices gone up or down compare to few years ago? How about?
Fred,

Prices are definitely lower than a few years ago. I am available to help you find your new building. I can run comps for you as well. Contact me for more info.

All my best, ... more
0 votes Share Flag Fri Apr 6, 2012 Market Conditions in Sherman Oaks
Tommy Lee, Real Estate Pro in 91502
Tommy Lee answered:
Are appraisers downgrading these properties? The reason I ask is because I heard of a recent appraisal on a property that was about $70,000 over the
Mom,
Your question is a good one. However, you seem to ask if appraisers are downgrading and yet your example was an upgrade.

To put it mildly, yes, appraisers have been shooting lo ... more
0 votes Share Flag Fri Jul 9, 2010 Market Conditions in 91423
Tommy Lee, Real Estate Pro in 91502
Tommy Lee answered:
What is the current value of commercial restaurant zoned square footage vs. retail zoned square footage in Sherman Oaks, CA?
Mstreet,
I have seen anywhere from 14 to 45 for regular retail and 22 to 54 for restaurant. That is, per square foot per year. A couple places I showed a client were in pretty sad shap ... more
0 votes Share Flag Mon Jun 21, 2010 Market Conditions in 91423
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