Currently MultiFamilyOWL is displaying 638 available duplex properties for sale in Los Angeles County. This available inventory has slightly increased since January 2017. The average list price is $450,000-$500,000 and most of the available properties are in Rent Control Zones in The City of Los Angeles.
The duplex buyer absorption rate remains very strong in Los Angeles. Currently there are 412 Duplex investment properties in escrow with accepted offers. The average list price of the duplex properties in escrow is $515,000-$625,000. The Duplex income properties that are currently in escrow were on the market available on average for approximately 25-40 days on average.
Over the past 30 days, 173 Duplex Homes have closed escrow in Los Angeles County with the average closing price being over $700,000. A majority of these closings were not in The City of Los Angeles Rent Control Zones, thus the higher sales prices.
It certainly appears the Duplex Income Investment Property Market is hotter than ever in Los Angeles California. MultiFamilyOWL.com is receiving record numbers of inquiries from Duplex Owners and investors looking to add more Duplex homes to their real estate portfolios.