Comments on: Condos on W. Duarte http://www.arcadiahousingblog.com/2008/05/13/condos-on-w-duarte/ Tracking the Arcadia and San Gabriel Valley Housing Market Tue, 07 Oct 2008 14:03:42 +0000 http://wordpress.org/?v=2.5.1 By: FreedomCM http://www.arcadiahousingblog.com/2008/05/13/condos-on-w-duarte/#comment-2318 FreedomCM Tue, 13 May 2008 18:25:13 +0000 http://www.arcadiahousingblog.com/2008/05/13/condos-on-w-duarte/#comment-2318 oops, except I can neither do math, nor edit... $1450 = $175k or $235k oops, except I can neither do math, nor edit…

$1450 = $175k or $235k

]]> By: FreedomCM http://www.arcadiahousingblog.com/2008/05/13/condos-on-w-duarte/#comment-2317 FreedomCM Tue, 13 May 2008 18:23:22 +0000 http://www.arcadiahousingblog.com/2008/05/13/condos-on-w-duarte/#comment-2317 figure rent -hoa x 120, so $1700 -$250 = $1350 x 120 = $162k for an investor. it is, afterall, a 36 year old apartment with no garage that from the pictures does not seem to have been updated. The question is, how long will it take (or will it ever) reach fundamental value for an investor, or even an owner occupant at $215k? figure rent -hoa x 120, so $1700 -$250 = $1350 x 120 = $162k for an investor.

it is, afterall, a 36 year old apartment with no garage that from the pictures does not seem to have been updated.

The question is, how long will it take (or will it ever) reach fundamental value for an investor, or even an owner occupant at $215k?

]]> By: george8 http://www.arcadiahousingblog.com/2008/05/13/condos-on-w-duarte/#comment-2308 george8 Tue, 13 May 2008 15:22:37 +0000 http://www.arcadiahousingblog.com/2008/05/13/condos-on-w-duarte/#comment-2308 Old condo conversion like this starts making sense at GRM 120. GRM 100 is a decent deal. $170k-$200k will start attracting the investor sharks. Old condo conversion like this starts making sense at GRM 120. GRM 100 is a decent deal.

$170k-$200k will start attracting the investor sharks.

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