Category Archives: 2017 BEST CITIES TO BUY OWN INVESTMENT PROPERTY CALIFORNIA

Manhattan Beach, Redondo Beach, Hermosa Beach, Newport Beach & Huntington Beach Apartment Buildings, Duplex, Triplex, 4-Plex Multi Family Investment Income Property FOR SALE TODAY JUNE 27TH 2017

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MultiFamilyOWL.com is still the #1 website in Los Angeles and Orange County Southern California to find all listed MultiFamily Investment Income Property For Sale instantly.  From small ocean front duplex homes, triplex homes, 4-plexes all the way to very large commercial apartment buildings and apartment complexes, Southern California Investors go to MultiFamilyOWL.com first.

Sean Goodsell the founder of MultiFamilyOWL.com is a Realtor with Coldwell Banker working both Los Angeles and Orange County Southern California.  As a successful MultiFamily Investment Income Property investor himself, he is well suited to help guide both seasoned multi family investors as well as guide newer investors.

Multi-family Investment Property and Home Listings in Los Angeles, CA

The most populous county in the United States, Los Angeles County has a population of 9,818,605 and has more people than 42 individual U.S. states. LA County is a fantastic choice to invest in multifamily residential income property. The economy is improving and decreasing unemployment rates are excellent for rising rental rates. Southern California’s great climate, world renowned attractions and celebrity encounters enables many of LA county’s cities to be vacation destinations. Additionally if you convert your apartment into a vacation rental, you will create short term rentals that will yield higher rentalrates.

The city of Los Angeles is the county seat, is the largest city in California and the second-largest in the United States. Encompassing 4,083 square miles, it is larger than the combined states of Rhode Island and Delaware. You may receive higher rents for multi-unit residential investment properties near the coast, however in general the asking purchase prices are higher.

LA County is composed of 88 incorporated cities and two offshore islands, San Clemente and Santa Catalina Islands. However, most of LA County is made up of 140 County-recognized unincorporated communities.

The most populous cities are:

● Los Angeles – 3,792,621

● Long Beach – 462,257

● Glendale – 191,719

● Santa Clarita – 179,013

● Lancaster – 156,633

● Palmdale – 152,750

● Pomona – 149,058

● Torrance – 145,438

● Pasadena – 137,122

● El Monte – 113,475

● Downey – 111,772

● Inglewood – 109,673

● West Covina – 106,098

● Norwalk – 105,549

● Burbank – 103,340

Major divisions of the county are 1) East: Eastside, San Gabriel Valley, Pomona Valley, 2) West: Westside, Beach Cities 3) South: South Bay, Palos Verdes Peninsula, South Los Angeles, 4) Gateway Cities 5) North: San Fernando Valley, portions of the Conejo Valley, portions of the Antelope Valley and Santa Clarita Valley 6) Central: Downtown Los Angeles, Mid-Wilshire.

Los Angeles County is famous for its entertainment industry; all six major film studios (Sony, 20th Century Fox, Paramount Pictures, Warner Brothers, Universal Pictures, and Walt Disney Studios) are located in the county. Besides motion picture and television industries, LA County resident workers are in international trade supported by the ports of LA and Long Beach, music recording and production, and aerospace.

Moreover, there are great tax benefits to owning income producing real estate. We have many duplexes, triplexes, fourplexes, and commercial apartment buildings without rent control, with on-site parking, laundry and separately metered utilities. A property manager can help you control owner/ landlord expenses and if necessary guide you through the Section 8 and eviction process.

Invest with us and request more information about the historical CAP Rates for your preferred LA county cities and ask about the GRM (Gross Rent Multiplier), Net Operating Income and Gross Operating Income for specific listings.

Information gathered from Wikipedia and propertymetrics.com

Thank you for choosing MultiFamilyOwl.com in your search for a duplex, triplex, fourplex or commercial apartment for sale in LA County.
You might be interested in looking in one of these LA County cities: AlhambraAltadenaArcadiaAzusaBaldwin ParkBellBell GardensBellflowerBeverly HillsBrentwoodBurbankCarsonComptonCovinaCulver CityDowneyEagle RockEl MonteEl SegundoGlendaleGlendoraHarbor CityHawaiian GardensHawthorneHermosa BeachHighland ParkHollywoodHuntington ParkInglewoodLakewoodLawndaleLomitaLong BeachLos Angeles (City)LynwoodMalibuManhattan BeachMarina Del ReyMonroviaMontebelloMonterey ParkMontroseNorth HollywoodNorwalkPasadenaPlaya Del ReyPomonaRedondo BeachRosemeadSan DimasSan GabrielSan PedroSanta MonicaSherman OaksSilver LakeSouth El MonteSouth PasadenaSouthgateStudio CitySun ValleyTemple CityToluca LakeTorranceValley VillageVan NuysVeniceWest CovinaWest HollywoodWestchesterWhittierWilmington

MultiFamilyOWL.com is California’s #1 multifamily investment property website to search thousands of multifamily real estate listings for sale, for rent and for lease throughout Orange County, Los Angeles and San Diego California. Find large commercial apartment buildings, duplexes, triplexes and fourplexes with MultiFamilyOWL’s advanced residential income property search features. The multi-family listings include in-depth descriptions, operating financials and high resolution property photos to help you get an inside look. Stay informed with our blog and be notified of new California multi-family and multi-unit residential income property listings by following our social media accounts. Email us at contact@MultiFamilyOwl.com

© Sean Goodsell, BRE #01258158

BEST CALIFORNIA CITIES TO BUY OWN INVESTMENT PROPERTY 2017

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MultiFamilyOWL obviously loves multifamily income property as an investment vehicle.  Our clients have flourished financially investing in Duplex, Triplex 4-Plex and large commercial apartment buildings.  Income, Depreciation, Leverage and APPRECIATION all in one investment equals guaranteed long term wealth and financial independence.

We sent an email to all of our MultiFamilyOWLers in late 2016 requesting feedback on various topics around multifamily investing in Southern California.  One topic we polled was which cities had performed best in the past and which cities they were most eager to purchase more investment property in during the year of 2017.  Below are the top 10 cities.

#1— LONG BEACH CALIFORNIA

#2— RIVERSIDE CALIFORNIA

#3— HUNTINGTON BEACH CALIFORNIA

#4— PASADENA CALIFORNIA

#5— REDONDO BEACH CALIFORNIA

#6— SAN FERNANDO VALLEY CALIFORNIA

#7— HOLLYWOOD CALIFORNIA

#8— TORRANCE CALIFORNIA

#9— LOS ANGELES CALIFORNIA

#10— SAN BERNARDINO CALIFORNIA 

IN OUR NEXT BLOG POST WE WILL BE DISCUSSING REASONS GIVEN FOR INVESTORS CHOOSING EACH OF THESE CITIES FOR 2017 INVESTMENT.  SO MANY INTUITIVE IDEAS FOR US TO COVER FROM SUCCESSFUL MULTIFAMILY INCOME PROPERTY OWNERS.  REMEMBER, MULTIFAMILYOWL.COM RECEIVES EMAILS DAILY FROM BUYERS/SELLERS OF INVESTMENT PROPERTY LOOKING TO BUY AND SELL ALL SIZES OF MULTIFAMILY INVESTMENT PROPERTY.  FEEL FREE TO CONTACT US THROUGH OUR FACEBOOK PAGE ANYTIME!

Property Investments and Commercial Apartments in Southern California

A commercial apartment is a classification of housing where multiple separate housing units for residential tenants are contained within one building or there a several buildings within one complex. Sometimes units in multi-family investment property or residential building are condominiums, where typically the units are owned individually rather than leased from a single apartment building owner. There can be multiple apartments on each floor and there are often multiple floors. Apartment buildings can range in many sizes, some with only a few apartments, other with hundreds of apartments on many floors, multiple buildings or any size in between. There are often inside hallways and inside entrances to each apartment, but outside entrances to each apartment are also possible.

Your commercial apartment or multifamily residential income property can serve as a vacation rental in the great climate of Southern California’s many destination cities. Coastal cities are especially popular and although you may command higher rents, you may consequently pay a higher purchase price. With many cities allowing vacation rental conversion and the increasing popularity of web sites like VRBO (vacation rental by owner) you can create multiple short term rentals with higher asking rates. Fewer and fewer commercial apartment buildings are being built in California, creating higher demand for a limited supply.

 

Overall, it’s a great time to invest in fourplexes, triplexes, duplexes and commercial apartment buildings, as an improving economy is driving down unemployment rates and driving up rental rates.

Owning a commercial apartment has a number of special advantages.


1. More Income With The Same Money-Saving Strategies As Smaller Properties

Many investors mistakenly think they cannot use fix and flip and no money down strategies used when buying single-family units to purchase commercial apartments. In fact, these same options are available when purchasing multi-family investment properties.


2. Less Competition For Tenants

Although many people still desire the American dream of owning their own home, often market rates greatly supersede income inflation, making it unattainable for many. While an apartment can be appealing to a younger crowd, they are not as appealing to those looking to raise a family, or to start a new married life. This in itself is advantageous to you as well as a buyer because while many people are in the market for single family homes amongst the multitude available, you may have less competition in the commercial apartment market, of which they are building less of them everyday.

3. Easier Management & Potential Lower Cost of Ownership

Hiring a property manager can help you control owner/ landlord expenses, manage tenant issues and if necessary can guide you through the sticky Section 8 and the unavoidable eviction process. With use of property management, you can enjoy all the benefits of ownership, while others put in the effort. Property management can be a time saver and for those with larger portfolios, it can be easier than having multiple multi-unit investment properties spread out in separate locations across town.

You’ll save time and money traveling from property to property and take care of everything in one place. Landlord /owner expenses often include taxes, insurance and maintenance and repairs. When a problem occurs, you have to come out of pocket to resolve issues as they arise.

 

Invest with us and request more information about the historical CAP Rates for your next commercial apartment in cities of your choice and ask about the GRM (Gross Rent Multiplier) for specific listings.

Information gathered from Wikipedia, zillow.com, moneycrashers.com and reiclub.com