Glossary

Westside Multifamily Glossary

Plain-English definitions for valuation, rent control, escrow, financing, and sale-process terms that matter in Westside multifamily transactions.

Valuation Term

Cap Rate

Cap rate explained for Westside apartment owners reviewing valuation and buyer underwriting.

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Valuation Term

GRM

Gross rent multiplier explained for apartment owners reviewing price against income.

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Valuation Term

Broker Opinion of Value

Broker Opinion of Value explained for apartment owners deciding whether to sell, refinance, exchange, or hold.

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Sale Preparation Term

Rent Roll

Rent roll explained for apartment owners preparing for valuation, buyer review, or sale.

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Rent Control Term

Santa Monica Rent Control

Santa Monica rent control explained for apartment owners reviewing valuation and sale strategy.

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Valuation Term

Price Per Unit

Price per unit explained for apartment owners comparing Westside multifamily sales.

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Escrow Term

Estoppel Certificate

Estoppel certificates explained for apartment owners preparing for buyer due diligence.

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Valuation Term

Loss to Lease

Loss to lease explained for apartment owners reviewing rent upside and buyer underwriting.

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Rent Control Term

RSO

LA Rent Stabilization Ordinance explained for apartment owners reviewing value and sale strategy.

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Rent Rules Term

AB 1482

AB 1482 explained for California apartment owners reviewing rent rules and sale planning.

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Rent Control Term

Costa-Hawkins

Costa-Hawkins explained in general terms for apartment owners reviewing rent control and valuation.

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Transfer Tax Term

Measure ULA

Measure ULA explained for Los Angeles apartment owners reviewing sale planning and transfer tax exposure.

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Transfer Tax Term

Measure GS

Measure GS explained for Santa Monica apartment owners reviewing sale planning.

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Sale Planning Term

Tenant Buyout

Tenant buyouts explained in general terms for apartment sale planning and valuation.

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Rent Control Term

Vacancy Decontrol

Vacancy decontrol explained for rent-controlled apartment valuation and buyer underwriting.

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Financing Term

Debt Service Coverage Ratio

DSCR explained for multifamily owners reviewing financing, buyer underwriting, and sale feasibility.

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Financing Term

Loan Assumption

Loan assumption explained for apartment owners reviewing existing debt and sale options.

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Deal Structure Term

Seller Financing

Seller financing explained for apartment owners reviewing deal structure and buyer pool options.

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Glossary Term

Price Per Square Foot

Price Per Square Foot explained for Westside apartment owners reviewing value, sale planning, buyer underwriting, or diligence.

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Glossary Term

Cash-on-Cash Return

Cash-on-Cash Return explained for Westside apartment owners reviewing value, sale planning, buyer underwriting, or diligence.

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Glossary Term

Soft-Story Retrofit

Soft-Story Retrofit explained for Westside apartment owners reviewing value, sale planning, buyer underwriting, or diligence.

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Glossary Term

Seismic Retrofit

Seismic Retrofit explained for Westside apartment owners reviewing value, sale planning, buyer underwriting, or diligence.

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Glossary Term

Culver City Rent Control

Culver City Rent Control explained for Westside apartment owners reviewing value, sale planning, buyer underwriting, or diligence.

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Glossary Term

Just Cause Eviction

Just Cause Eviction explained for Westside apartment owners reviewing value, sale planning, buyer underwriting, or diligence.

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Glossary Term

1031 Exchange

1031 Exchange explained for Westside apartment owners reviewing value, sale planning, buyer underwriting, or diligence.

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Glossary Term

Qualified Intermediary

Qualified Intermediary explained for Westside apartment owners reviewing value, sale planning, buyer underwriting, or diligence.

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Glossary Term

Boot

Boot explained for Westside apartment owners reviewing value, sale planning, buyer underwriting, or diligence.

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Glossary Term

Depreciation Recapture

Depreciation Recapture explained for Westside apartment owners reviewing value, sale planning, buyer underwriting, or diligence.

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Glossary Term

Supplemental Property Tax

Supplemental Property Tax explained for Westside apartment owners reviewing value, sale planning, buyer underwriting, or diligence.

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Glossary Term

ADUs

ADUs explained for Westside apartment owners reviewing value, sale planning, buyer underwriting, or diligence.

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Glossary Term

Transit Oriented Communities

Transit Oriented Communities explained for Westside apartment owners reviewing value, sale planning, buyer underwriting, or diligence.

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Glossary Term

Zoning

Zoning explained for Westside apartment owners reviewing value, sale planning, buyer underwriting, or diligence.

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Glossary Term

NOI

NOI explained for Westside apartment owners reviewing value, sale planning, buyer underwriting, or diligence.

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Glossary Term

Operating Expenses

Operating Expenses explained for Westside apartment owners reviewing value, sale planning, buyer underwriting, or diligence.

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Glossary Term

Market Rent

Market Rent explained for Westside apartment owners reviewing value, sale planning, buyer underwriting, or diligence.

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Glossary Term

Legal Rent

Legal Rent explained for Westside apartment owners reviewing value, sale planning, buyer underwriting, or diligence.

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Glossary Term

Pro Forma

Pro Forma explained for Westside apartment owners reviewing value, sale planning, buyer underwriting, or diligence.

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Glossary Term

Vacancy Factor

Vacancy Factor explained for Westside apartment owners reviewing value, sale planning, buyer underwriting, or diligence.

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Glossary Term

Assumable Loan

Assumable Loan explained for Westside apartment owners reviewing value, sale planning, buyer underwriting, or diligence.

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Glossary Term

Capital Improvements

Capital Improvements explained for Westside apartment owners reviewing value, sale planning, buyer underwriting, or diligence.

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