Cashflow x Appreciation Areas in LA
Hey guys, I'm looking to buy a multifamily prop in LA next year and could use some help nailing down target areas.
I'm looking for an area with the following:
- <$300k/door purchase price (or close, will look for an off-market deal)
- Over 10% CoC return
- Upside for appreciation (not crazy about areas like Lancaster for this reason)
- Ideally rent control-free (or workarounds)
Here's my initial list of areas:
- Culver city (expensive)
- Inglewood (Rams stadium/Silicon Beach trickle down)
- Mid-city/Fairfax
- Pasadena
Not crazy about North of LA (ie: Studio City, Granada Hills, Sherman Oaks)
Any insight into the cashflow potential of each of these areas and target price ranges/door would be super helpful. Happy holidays!