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Seeking Advice on Areas of LA County Good for Rental Property Investment

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    Seeking Advice on Areas of LA County Good for Rental Property Investment

    Looking to buy either a single family home (up to 600k) or multi family property (up to 750k) in LA city or elsewhere in LA county.

    My monthly costs are estimated to be $3,100 a month. Just began my search, but finding that in many areas the amount I would charge in rent would not meet my monthly costs or barely match it.

    Does anyone have any recommendations on neighborhoods or cities in LA county where I'd be able to at minimum comfortably cover my monthly costs with rental charge?

    #2
    You will probably have a problem in that area.
    Cap rates are pretty anemic
    With the pandemic, and people able to work remotely, there is an influx to lower cost of living areas.
    CA might not be a good rental market for some time going forward.
    Have you considered expanding your search to other areas?
    Brian

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      #3
      You might want to familiarize yourself with LA County if you haven't already. It's huge. You'll find more affordable areas as you go inland and north.

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        #4
        There are no profitable rentals in CA in major cities. You are banking on appreciation in these places and usually have to support the rental
        LivingAlmostLarge Blog

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