Todays current economic downturn in the Los Angeles County area has be noted in the commercial real estate market including rising vacancies, landlords reducing rents to market levels, and high unemployment.  Commercial property owners who have experienced a significant loss in value on their property relative to their loan amounts may consider a Short Sale if the income from the property is not able to cover the expenses.

As a Real Estate Broker specializing in commercial properties, I use the industry standard commercial real estate contracts included in the WinAIR 2.0 forms.  For the past four decades the AIR Commercial Real Estate Association’s commercial real estate contract forms have been the industry standard

I have transaction experience in commercial sites in the San Fernando Valey (ie. Chatsworth, San Fernando, Van Nuys, Sylmar, Pacoima) to the downtown and surrounding areas including downtown Los Angeles, Vernon, and Bell.  Commercial property types for an owner user building would typicaly consist of office buildings, industrial property, or strip center.  Investor properties typically include apartment buildings, strip center or commercial building and require a minimum of 25% down payment.

Commercial real estate is commonly divided into four categories:

Of these, only the first three are classified as being commercial buildings. Residential Income Property may also be used to mean Multifamily Apartments.