Rental investment between Rancho and La Quinta (10/210 Fwy)

[Pandu Chimata]

Hello folks, how is everyone doing? 

I live in San Gabriel Valley in Los Angeles County and have a primary house over here. I have one Airbnb property in La Quinta. I am looking to buy another rental property along 10 and 210 freeways between Rancho Cucamonga and La Quina.  

It's a little difficult even to get a breakeven (rents paying off the mortgage) on the western side of the Rancho Cucamonga areas such as upload, Montclair, Glendora, San Dimas, Covina, el monte, etc. I am having a hard time finding fixers in this area and/or any area in LA County. 

I am looking at areas such as Hemet, San Jacinto, Riverside, La Quinta, etc. It looks like Redlands is another good city but I am not sure about the returns. 

In Hemet, I can buy a decent 3bd, 2bth single family property between 250 and 300 and able to get 1600 to 1800 rent. It will be breakeven with an expectation of future appreciation. 

In LA Quinta I can buy a decent 3bd, 2bth single family property between 350 and 400 and able to get 1800 to 2000 rent. I can be almost breakeven with an expectation of future appreciation.

I also looked at Redland but the price seems to be high over there and may not result in a breakeven. 

The reason I am looking for 10 Fwy and 210 Fwy because it will be easy for me from the management aspect since I have already one property on 10 in La Quinta. 

Any thoughts? Any other cities you folks suggest between these areas that make investment sense?