All Forum Posts by: Ash Pate

Hi, I'm looking for some advice on neighborhoods in Torrance. We are looking to move there and purchase a property that we can live in for a few years before turning it into a rental. Which areas are desirable in terms of the rental market? Our current investment strategy is long term buy and hold. Our budget is about million and we are only looking at areas that are safe for a young family to live in. My husband will be working at UCLA harbor which has narrowed our search down to Torrance and Long Beach. We are not familiar with the area and any insight would be greatly appreciated! Thank you in advance.

Hi, I'm looking to buy a rental property in Long Beach. We plan to live in it for 1-2 years then rent it out. I am not familiar with the area in terms of neighborhoods and was hoping to get some insight into which areas are safest to live in and ideal for purchasing rental property. Since we will live in it we need to be in a safe neighborhood but we want a home that is in a desired neighborhood and can be easily rented in the future to quality tenants. Our investment strategy is long term buy and hold and our budget is approx. $1 million. We currently live in West LA so aren't too familiar with Long Beach. Thank you in advance!!

I agree about the HOA. I have been looking at condos starting at 550/600k to start off with. Most of those have approx. $400 per month in HOA fees. The reason I am looking at condos is they are at a lower price point. In those areas, have you found that condos rent better than houses or vice versa?

Thank you for your replies.

@Eric Dowling, our budget is $700k-$900k but I am looking for something on the lower end if possible. I am fine with any of those areas as I have done some research online about safety, proximity etc. 

We would ideally want something with a positive cash flow, but after reading through some of the posts on here it looks like that is almost impossible in the Los Angeles area? So realistically our goal this time is appreciation.

If anyone has thoughts or comparisons between the neighborhoods, I would love to hear them.

Hi everyone, I'm new to the site and am learning a lot! My husband accepted a year long work contract in Los Angeles so we are looking to buy a condo/apartment in the area. We plan to live in it for a year, and then turn it into a rental property. We are looking at the following neighborhoods: Westwood, Beverly Hills, Miracle Mile and West Hollywood. Culver city and Palms are also options.

I have also read up on rent control in LA. My understanding is that the law includes the cities of Los Angeles, Beverly Hills and West Hollywood, and only applies to units built before 1978. We plan to look at properties built after this date if they are located in these cities.

We do not currently live in Los Angeles and are unfamiliar with the local market there, so I was hoping to hear your thoughts on which area(s) would be a better option for an investment property? Thanks in advance!