Buyer Underwriting Starts With Current Income
Scarcity helps Santa Monica values, but buyers still begin with the rent roll. A clean rent-control file, realistic upside story, and clear expense history make the value argument easier to defend.
Measure GS Can Affect Sale Planning
Transfer-tax exposure can change net proceeds and pricing conversations at higher sale prices. Owners should model sale proceeds with escrow, counsel, and tax advisors before setting expectations.