Income Property Sales Trends
I still can’t find that one person. That one person who ever bought a duplex in Silver Lake and regrets it. Income property prices continue to rise in Silver Lake, Atwater Village, Highland Park and, especially, Echo Park, where the average multi-unit property sells for 29% more than it did last year, on average.
It’s a great time to be a landlord in Los Angeles.
People who own multi-unit properties in L.A. right now are sitting pretty. Demand for rental property far exceeds the number of rental units available today. Few new dwelling units have been added to the area’s housing supply this century and those being built today will barely put a dent in current demand, let alone future demand. The economy is on fire, everyone is working again, more people than ever want to live in the Los Angeles area. It is smart to be a landlord and it is the right time to buy income property in Los Angeles. Continue reading
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Walk to it all from this conveniently-located duplex on Griffith Park Blvd. in Silver Lake. Join me this Sunday, January 12th, from 1-4 pm at 1905 Griffith Park Boulevard and see for yourself the many options and possibilities this great … Continue reading
Here’s a good one! 1107 Sanborn, just up the hill from Sunset Junction, has lots of possibilities. Looking for a duplex near Sunset Junction? This one’s for you. Looking for a single family home within walking distance of Sunset Junction? This one works too! Looking for a property in Silver Lake with some airbnb potential? Slam dunk.
Beauty is in the eye of the beholder, and, for some, this Echo Park fixer is quite fetching.
If you’re in the market for a home or duplex in Silver Lake you’ll want to come see this one at 3526 & 3528 London Street in Los Angeles.
Residential Income Property Sales Statistics
Just like every other segment of the real estate market in the Silver Lake area, sales of residential income properties (duplexes, triplexes, fourplexes and apartment buildings) have risen in 2013 any way you look at it. Continue reading
Run, don’t walk, to this Silver Lake duplex if you want to have a chance at owning it…
Yes! It’s a great time to buy residential income property in Los Angeles, especially in rapidly gentrifying areas such as Echo Park, Silver Lake and Sunset Junction. Prices are going up fast and interest rates are still unbelievably low. Continue reading
Mt. Washington is one of the great neighborhoods in Los Angeles. Spectacular views, wooded hillsides, tranquil canyons, abundant wildlife, acclaimed schools, and an artsy population all combine to make this part of town an amazing oasis of cool near the heart of the city. Continue reading