Los Angeles has been a hot city for many years – driven by the abundance of people, unique culture, beautiful weather, and attraction of the film industry. A booming population means significant opportunities for real estate investors. However, with a size of 472 square miles, this metropolis has a multitude of neighborhoods that vastly differ from each other. The question for real estate investors then becomes, “What L.A. neighborhoods are the best real estate investments?”
Check out these neighborhoods to buy real estate in L.A.
Just like it sounds, this neighborhood is right in the middle of L.A., making it perfect for those who don’t want to be too far from anything going on in the city. While the neighborhood has experienced some gentrification in recent years, much remains in its original condition, contributing to lower-than-average median home values. With most homes ranging in price from $500,000-$1,000,000, this neighborhood provides many options for real estate investors who want a more expensive asset that still falls under the $1M mark.
Inglewood is in the southwest corner of L.A. County and home to the brand-new SoFi football stadium. This stadium recently opened in 2020 and seeks to bring some vibrance to the area. The median home value in Inglewood is $746,000, up nearly 16% from the previous year. With the newly opened stadium and many revitalization opportunities, Inglewood has many real estate investment opportunities.
3. La Cañada Flintridge
This lovely suburb of Los Angeles has a unique, rural charm and spacious plots that many people desire to avoid the city’s crowds. That’s why it comes as no surprise that the Zillow home value index lists the typical home value at just over $2,000,000. This community is ripe for real estate investment because many residents own their homes and may be willing to sell directly to an interested buyer. Additionally, moderate crime rates and excellent schools help to make this neighborhood desirable – giving more leverage to the real estate investor.
4. San Marino
Another beautiful suburb of L.A., San Marino is located northeast of the city. This neighborhood is known for looking incredible and having outstanding schools. Many home values vary in price from $1.8M-$8M, making it perfect for real estate investors looking to make a significant investment. The typical home value in San Marino is $2,500,000.
The Pasadena neighborhood has cute, small-town vibes while only being minutes away from downtown L.A. Residents get a balanced mix of an urban and suburban feel with great restaurants and coffee shops nearby. It gets even better; the neighborhood borders a national park, making it desirable for nature lovers and city dwellers alike. For real estate investors, the typical home value is approximately $1,000,000.
Invest in Los Angeles Real Estate
Whether you are searching for the perfect L.A. neighborhood to make many real estate investments or simply want to jump in on this hot market, Park Place Finance can provide you with the funding you need to get started. Find out if you qualify by filling out our form, and you may be eligible for a loan in a few short days.