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Based on information from California Regional Multiple Listing Service, Inc. as of February 25, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. To view the full disclaimer, please click here.
Buying and Selling Multifamily, Duplex, Triplex, and Fourplex Properties in Los Angeles City
Los Angeles is located in Los Angeles County 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. 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.
Los Angeles’s population was 3,857,799 as of 2012, which makes it the most populous city in California. The estimated median household income in 2011 was $46,148 (it was $36,687 in 2000). This is lower than the California median which was $57,287 in 2011. Nicknamed the City of Angels, Los Angeles is a global city, with strengths in business, international trade, entertainment, culture, media, fashion, science, sports, technology, education, medicine and research and has been ranked sixth in the Global Cities Index. The city is home to renowned institutions covering a broad range of professional and cultural fields and is one of the most substantial economic engines within the United States. Los Angeles includes Hollywood and leads the world in the creation of television productions, video games, and recorded music; it is also one of the leaders in motion picture production. The biggest employers in the city are: the County of Los Angeles, Los Angeles Unified School District, University of California, Los Angeles, Kaiser Permanente, Northrop Grumman Corp., University of Southern California, Target Corp., Kroger Co., and many others who employ thousands of employees.
The city also enjoys having a large variety of conveniences. It hosts the Los Angeles International Airport (LAX), and the Los Angeles County Metropolitan Transportation Authority (LA Metro), which provides public transportation throughout the city and county. There are 21 hospital in LA including, Ceders-Sinai Medical Center, Kaiser, USC Medical Center, Los Angeles Metropolitan Medical Center, and Ronald Reagan UCLA Medical Center. There are also numerous colleges and universities in Los Angeles, but the biggest ones are University of California Los Angeles, University of Southern California, and California State University Los Angeles. Los Angeles has many attractions, including Walt Disney Concert Hall, the Kodak Theatre, the Griffith Observatory, the Getty Center the Los Angeles Memorial Coliseum, the Los Angeles County Museum of Art, Grauman's Chinese Theatre, the Hollywood Sign,Hollywood Boulevard, the Capitol Records Building, the Hollywood Bowl, the Staples Center, Dodger Stadium, and many more. There are more museums per capita than any other city in the world. For shopping there are large centers such as Westside Pavilion Shopping Center, Century City Center, and the Beverly Center, just to name a few. For restaurants, nightlife, entertainment, recreation, boutique shopping, and historical or art appreciation, Los Angeles offers it all.
All of these features make Los Angeles a great city to buy or sell multifamily investment rental properties such as duplexes, triplexes, fourplexes and larger commercial apartment buildings. This vibrant, growing community has great attractions, a healthy work industry, and many renters. The density of the city and the desire for people 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.lacity.org, city-data.com, and wikipedia.
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