Rental Rates in Los Angeles

[Enrique Sanchez]

Can anyone help me with the rental rates in Los, Angeles? I'm currently learning how to analyze deals so I'm confused with this step. If I need to be more specific on area, in Paramount, Ca.

Thank you!

[Nathan A.]

It will depend on factors like how many bedrooms and bathrooms, type of property, exact location, etc. A good way to get ballpark estimates is to look on Zillow Rentals for some comparable properties in your area and determine the general range. You could also use something like rentometer.com. That said, it will probably be hard to make the numbers work to cash-flow in California.

[Enrique Sanchez]

Quote from @Nathan A.:

It will depend on factors like how many bedrooms and bathrooms, type of property, exact location, etc. A good way to get ballpark estimates is to look on Zillow Rentals for some comparable properties in your area and determine the general range. You could also use something like rentometer.com. That said, it will probably be hard to make the numbers work to cash-flow in California.

 Thank you Nathan I appreciate it!

[Nathan Gesner]

Spend some time studying the market regularly. Daily at first, then slow down to once a week, then once a month.

Look for other homes in comparable neighborhoods with the same square feet, number of beds/baths, and amenities. You can also watch to see how long properties are staying on the market before they disappear.

[Alex Larcheveque]

Use rentometer.com or on active rentals on websites such as Zillow/Redfin/etc.