State of the Market - 2-4 Unit Residential Income Properties - Los Angeles, CA 90036

[Monica Der]

Attn House Hackers,

Here is the State of the Market over the last 4 months

Total Sold Volume $66,447,000

Average Sales Price $2,657,880

Average List Price $2,760,720

# Listings Sold  25

[Ryan Thomson]

That is a wild average sales price! How are your clients making house hacking work in LA?

[Monica Der]

They are doing it! Some ways are

1. Finding a 2-4 with space for an ADU or already built ADU

2. Renting out rooms in their unit as well as the other unit(s)

3. Putting down 3.5% with FHA but having a good steady income to supplement any potential vacancies or larger repairs if needed.

4. Remove any tenants who are way below market rate by using loopholes and relocation fees

5. Keeping an eye out for already vacant properties!