Newbie to Multi-Family Apartment Investing in Los Angeles County

[Nav Hasen]

Newbie here. About to take over a family business. Multi family apartments in Covina, La Habra, Baldwin Park 10+ units each. One apartment's depreciation is expiring so will need to do a 1031 exchange in the same area. Trying to do my homework. Trying to figure out what reasonable and REAL WORLD numbers are in those markets so I can compare. Would love to see some spreadsheets with actual numbers. We've done some research on REITS with assets in those areas and these are the numbers we're seeing. Gross Revenue = 9% of Real Estate Value, Capital Gain of Real Estate = 4% Annual, Net Income = 3% of Real Estate Value. Thoughts?

[Vessi Kapoulian]

Buckingham Investments has good SoCal market info posted on their site.