Hey @Brandon Ness - can you define what you mean by "Best" location? 

So this will be my last post on this, so the draw-out-ness comes to an end.

The City tends to reward competence, ballsy-ness, and vision, which you both seems to have in reserve. 

An 8 Cap is a mythical creature akin to the loch ness monster or a unicorn.

This tells me that multi-unit prices decreased by at least 10% during the past 9 months are are definitely not rising.So, here is a little math if anyone wants to show others how to do the math.10-units in Torrance California on Van Ness Avenue about 5 buildings south of Redondo Beach Blvd.Asking $2,750,000I would offer $2,650,000 and tell the broker I will not accept a counter offer, will not ask for discounts for repairs and it will be a done deal.Gross Income is $180,000 or $1500 per unit and can be increased very quickly or if you think it is better to do over 3 years to no less than $1650 and to a max of $2750, but you need to spend $300k for rehabbing.Personally, I am not interested in this property because my calculations show that if I raise the rents $40 per year for the next 10 years and after the rehabbing with principal paydown I would earn a whopping $515,000.

Don't get me wrong, there have been changes, and some development, but a lot of the landmarks I remember are still there and a lot of the rural-ness is still there.

I'm sure I will be asking some crazy questions please just bare with my rookie-ness.

Hello sir,I would recommend Tryfon Christoforou of Sperry Van Ness.

in our state they are called Stevens Ness forms and you get them at office depot  any kind of purchase and sale agreement.. leases  option  etc etc.

Check CBRE, Cassidy Turley, Marcus & Millichap, Sperry Van Ness etc etc.