www.propertyofcaliforniarepublic.com coming soon…
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.
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
Good news, you can still buy a house for under half-a-million dollars. These are the 3 neighborhoods in Northeast Los Angeles (NELA) where average prices are under $500,000:
Congratulations! If you bought that loft in the Historic Core at the bottom of the market this time in 2012 chances are your place is worth twice as much as you paid for it. Wow. DTLA loft values continue to rise in 2016 – condos are not being built fast enough to keep up with demand.
Click here to get the market value of your DTLA loft or condo.