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Search Hollywood Investment Properties and Multi-family Homes For Sale
Hollywood is a district in the center of Los Angeles and is a great place to buy or sell multifamily, duplex, triplex, fourplex and larger commercial apartment properties. Its job industry, conveniences, and attractions make this a great place to live and there is a good market available to buy multifamily rental properties such as duplexes, triplexes, and fourplexes. These properties can bring in great income and can be sold quickly if you need to move your investments around. Since Hollywood is in the city of Los Angeles, there is rent control, unless the building falls under one of the exceptions, which are listed under the definition of "Rental Unit" in LAMC 151.02.
Hollywood’s “highly diverse” population was 85,489 as of 2008, and is one of the densest neighborhoods in all of Los Angeles County. The median household income in 2008 was $33,694, which is lower than the median for California ($57,287 in 2011). Renters occupied 92.4% of the housing units, and home or apartment owners the rest. The most common occupations are entertainers, performers, media and communication equipment workers.
The city also enjoys being close to a variety of conveniences. The Los Angeles International Airport (LAX) is only 15 miles away. There are several hospitals close by, including the Hollywood Community Hospital, Miracle Mile Medical Center and Olympia Medical Center. There are also a number of universities and colleges near Hollywood, with the biggest being the University of California Los Angeles (UCLA) which has over 37,000 full time enrolled students and is only 4 miles away.
Hollywood has many attractions, the most famous of which is the Hollywood sign, but there are others including Hollywood Blvd, Chinese Theatre, Hollywood Film Archive Library, the Hollywood Bowl, and many other tourist attractions. The Sunset Strip is also an area that is famous for clubs and nightlife entertainment.
All of these features make Hollywood a great city to buy or sell multifamily investment rental properties such as duplexes, triplexes, fourplexes and larger commercial apartment buildings. This vibrant, diverse community has great attractions, a healthy work industry, and a high number of renters. The desirability to live here make it an ideal location for multifamily living and the city does have great duplex, triplex, and fourplex properties.
Also serving other Los Angeles County Cities.
This information was gathered from www.hollywood.com, city-data.com, and wikipedia
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