At the same time, rental rates have spiked. According to the report from Kidder Mathews, vacancy rates in the Los Angeles multifamily market have decreased approximately 33 percent from 5.9 percent in the third quarter of 2020 to 3.9 percent in the third quarter in 2021. In general, multifamily properties in Los Angeles continue to be valuable to investors due to their high demand. In California, Abacus owns several other multifamily properties, including a 138-unit apartment building in West Covina, a 412-unit apartment building in Corona, a 269-unit apartment building in Anaheim, a 235-unit apartment building in Upland and a 202-unit building in Rohnert Park. The developing 180,000 square-foot Westfield Topanga shopping center is also nearby.įounded in 2004, Abacus is a real estate company focused on the acquiring, developing, managing and selling of multifamily properties throughout the U.S. The property is part of the greater Warner Center, a 30.18-acre master planned community featuring a mix of retail, office and residential space. The apartment complex is located in a highly walkable area, near a mix of shopping and dining. In addition, the property consists of a wide array of luxury amenities, including a club room, fitness center with complementary classes, pool and spa, outdoor seating and grilling areas. Senior professionals at Abacus have an average of 25 years of multifamily investment management experience. Prices per unit also range from $2,167 to $4,977 per month. About Abacus Capital Group Founded in 2004, Abacus has a well-established track record of achieving attractive, risk-adjusted returns for investors by acquiring, redeveloping, developing, managing, and selling multifamily properties throughout the U.S. According to, the community offers a mix of one- and two- bedroom options ranging in size from 651 to 1,363 square feet. Located at 6701 Eton Avenue, the property was built in 2013 and reaches five floors. The property, also referred to as Eton at Warner Center, was sold by Crow Holdings. In a recent transaction, Abacus Capital Group acquired a 298-unit apartment community in Woodland Hills neighborhood for $112 million or approximately $375,839 per unit, according to a third quarter multifamily market report from Kidder Mathews. Dolce has also freelanced for a number of publications, including and Museums New York magazine.As rental rates rise and vacancy continues to go down, multifamily properties in Los Angeles continue to be a popular asset for investors. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel,, and Co-Ed magazine. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for. Previously she served as national executive editor and editor of the West Coast region for and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Natalie Dolce, editor-in-chief of and GlobeSt.

Abacus capital group