Los Angeles, California Investment Property is being acquired at a phenomenal pace over the past 3 years. Although many people would assume the low interest rates created the buying frenzy, in actuality most of the transactions have been all cash purchases. Rising rents and low vacancy rates are the two major drivers of the record level of Investment Property purchases in Los Angeles, California. Click this link to view the #1 Investment Property website in Los Angeles, California now.
MultiFamilyOWL.com offers viewers an easy to easy search page to see Investment Property from small duplex income homes all the way to 500 unit large commercial apartment complexes for sale. Viewers can also search current available apartments for rent in areas they are interested in buying investment property to confirm listed rents on available income properties are achievable.
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.
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