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Los Angeles Residential Income Homes for Sale
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Residential Income Homes For Sale in Los Angeles
Los Angeles is a key city for commercial real estate investing, especially important for Residential Income Homes for Sale. With a population of around 3.9 million and a larger metropolitan area of about 18 million people, Los Angeles is an important location for real estate investments. The city’s infrastructure, which includes major highways, the Los Angeles International Airport, and numerous public transportation options like Metro Rail and Metrolink, supports easy travel and access. Its education scene, with universities such as UCLA and USC, attracts a varied and skilled population. The city’s geography, which stretches from the Pacific Ocean to the valleys, combined with an economy driven by entertainment, technology, and trade, makes investing in Residential Income Homes in Los Angeles a valuable opportunity.
Residential Income Homes in Los Angeles benefit from being in a city with a dynamic economy and a rich cultural scene. Nearby attractions such as the Los Angeles County Museum of Art and the Getty Center, along with many other cultural and educational sites, enhance the value of these properties. Beyond Residential Income Homes, Los Angeles has a range of property types for investors. Apartment Buildings are in high demand due to the city's population density and status as an educational and cultural center. Retail Space and Shopping Centers take advantage of the city’s large consumer base and its popularity as a tourist spot, offering varied investment chances. Office Space taps into the city’s diverse economic base, hosting companies in the technology, entertainment, and financial industries. Overall, Los Angeles offers a broad spectrum of real estate investment opportunities, with Residential Income Homes being particularly notable for their advantageous location and the city's overall economic and cultural environment.
Learn about Residential Income Homes for sale in Los Angeles
How many Residential Income Properties listings are available for sale in Los Angeles?
16 Residential Income Properties listings are currently available for sale in Los Angeles.
What factors should I consider when searching for Residential Income Properties in Los Angeles?
Several factors should be taken into account when seeking Residential Income Properties in L.A, including average property price, average property size, as well as the city's unique features.
- Consider the average price per square foot for sale which was recorded as $878.
- Also, take into account the average size of properties in square feet which is 3,430 SF
- Lastly, consider the specifics of Los Angeles as a location, such as its widely recognized status as a commercial and cultural hub, as well its Mediterranean climate, making Residential Income Properties a logical investment in the city.
How much does it cost to buy a Residential Income Property in Los Angeles?
The average cost of acquiring a Residential Income Property in Los Angeles is tied to certain crucial factors.
- The average price per square foot is $878.
- The size of these properties varies, with some offering an average size of 3,430 SF, and others reaching up to 5,257 SF in size. This variability can significantly influence the final price.
What is the largest Residential Income Property available to buy in Los Angeles?
The largest Residential Income Property available for purchase in Los Angeles is 5,257 SF.
Why is Los Angeles an ideal location for Residential Income Properties?
Los Angeles, known for its thriving economy and ethnically diverse population, provides a conducive environment for Residential Income Properties.
- The city's economy is driven by multiple industries including international trade, entertainment, aerospace, and technology, offering numerous opportunities for employment and steady streams of income for residents, making it attractive for property investments.
- With an extensive network of transportation services and a high number of visitors, Los Angeles ensures a high volume of potential tenants, providing stability for residential income properties.
- Given the availability of 16 Residential Income Properties, it indicates that this property type is well-established in Los Angeles and can be a strategic choice for investors looking to benefit from steady rental incomes.
What is the limit on residential properties one can own in California?
As a basis, there is no set limit to the number of residential properties a person can own in California. The limit on property ownership is often determined by an individual's financial capability and personal objectives.
Size Summary For Los Angeles Residential Income Homes
| Residential Income Home Size | Square Feet |
|---|---|
| Maximum | 5,257 SF |
| Average | 3,430 SF |
| Minimum | 1,864 SF |
Cap Rate for Los Angeles Residential Income Homes
| Residential Income Home Cap Rate | Cap Rate Percentage |
|---|---|
| Maximum | 9.28% |
| Average | 6.88% |
| Minimum | 3.22% |
Prices for Los Angeles Residential Income Homes
| Residential Income Home Price | Price Per SF |
|---|---|
| Maximum | $3,636 Per SF |
| Average | $878 Per SF |
| Minimum | $284 Per SF |
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