Trending areas around LA to start buying multi’s / apartments?

Question

Hi all, I’m relatively new to Southern California and would like to begin investing in multi family properties or apartments here. Has anybody got any insights into cheaper up and coming areas in LA?... or in the surrounding areas just outside LA where there are still relatively good deals to be found?

I’m specifically looking for the sub $500,000 for multi-family properties, or sub $650,000 for apartments.

Thank you!

I’m specifically looking for the sub $500,000 for multi-family properties, or sub $650,000 for apartments.

Thank you!

Francis Pickworth · Answer

@Dan Handford thank you!

Francis Pickworth · Answer

@Dan Handford thank you for the advice. Where’s the best place to find research on zoning laws etc and would these laws only apply in urban city areas?

Francis Pickworth · Answer

@Tj Hines thanks I’ll message you now!

Tj Hines · Answer

@Francis Pickworth you may have to look outside your area and go abroad. I know of ton of guys that are in the Cali market and invest outside their markets because of the affordability of real estate. There are a few meetup groups I believe in your area that focus on out of state investing and the best practices to do so. PM me and I will connect you

Dan Handford · Answer

@Francis Pickworth A local RE attorney would be the first step or possibly a RE broker in the area.

Dan Handford · Answer

@Francis Pickworth My recommendation is to invest outside of California due to the strict landlord/tenant laws. Things are only going to get worse and you can get better spreads in other markets, especially in the Southeast.