El sereno in Los Angeles - does it have potential for appreciation?

[Ana Chan]

Hello I am buying my first property and I am panicking a little. I am buying a property in El sereno, close to CSULA. I am not sure if this area will appreciate over time. I am planning on living there for 5 years and then probably get other house. Is it a good investment compare to other areas of LA or close to LA. I also wanted to go to La Habra or Roland heights but those areas tent ti be a little more expensive. Thank you for your time. 

[Rick Albert]

When investing in real estate, I'm a big advocate of buying just outside of a desirable area.

El Sereno is that type of area. As people get priced out of competing markets, they have to go somewhere. That's where you come in. 

Plus generally speaking most properties will appreciate over time. It just depends on how long you intend on keeping it. If you are thinking 1-2 years, you likely won't see the appreciation you want unless you added significant value (additions, remodels, ADUs, etc).