All Forum Posts by: KJ L.

@Kenneth Kussman
Oops, sorry I didnt answer the last part of your question. We've seen flips go for $650k-$1MM in South LA depending on the neighborhood. If you're looking for a flipped SFR in Crenshaw you'll probably pay $800k+. If you're looking for a flipped SFR in Baldwin Hills, you'll probably pay $1MM+ and in Vermont Square area $5500k+. And of course, the closer you are to USC/Coliseum and the further north you are, the more you'll pay.

Idk how much the softening RE market will affect the prices in our area. 

@Kenneth Kussman
The South LA areas have an aging population and there are alot of elderly individuals selling their properties and leaving the area, probate sales, and family members are inheriting homes and selling them as well.  South LA has favorable zoning as well; our street is primarily R2-R3 zoning.

If you drive the neighborhoods, you'll see a lot of wheelchair ramps and accessories for the elderly.  There's a lot of flipping occuring in the area and there's also been more focus on student housing development as USC continues to expand.

There's also been a few new projects in the area like LAFC stadium, the George Lucas Museum, LACMA's new South LA project near the swamps, and even new bars and coffee shops (starbucks) showing up near Jefferson Park. CD9 has also been focused on cleaning up the parks in South LA which has been attracting more people to the area. 

The neighborhoods I'm referencing are primarily Leimert Park, Crenshaw District, Jefferson Park, West Adams, Vermont Square, Ladera Heights, Baldwin Hills, Expo Park, etc. We tried searching in Watts, but the prices there have increased a lot as well and even though others are flipping down there, I'm personally not interested in Watts. We've also heard that investors are moving into Compton. We've seen more movement in San Pedro too since SpaceX is expanding their presence there and there are other projects going on in SP. 

@Kenneth Kussman entry level neighborhoods in LA are primarily in south LA because the prices are lower like Jefferson park, Crenshaw, west Adams, Vermont square, etc. There have been quite a few new young families moving into the Vermont square area (where we live) and they’re all young professionals buying their first home in LA.

Westside Rentals is becoming very popular in Los Angeles.

Hey John, I'm not aware of the Los Angeles Real Estate Investment Club but have you tried attending the many free BP meetups in the Los Angeles County area? We have a lot of different groups that are great and don't require a membership fee. 

@Doug Peters Thanks for the shoutout! ^_^

@Will F. That's how our South LA meetup is designed. We go to a different member's flip/ buy&hold project each month and we have open discussion regarding real estate and then the host tell his/her story about his/her project. Afterwards people network for about 30-ish minutes. No pitching, no selling, no pushing. Send me a message if you want more info. 

Welcome to BP, Rafael. You can find Los Angeles meet ups by searching the events tab. There are a few including meet ups in Santa Monica, LA, Long Beach, and a few in the Valley. 

Sounds like your quote came from Terminex (just guessing). We previously used them for our duplex and they are sooooooo trash. They charged us $2500 for termite subterranean installation + rat proofing at one property and then ongoing charges for quarterly 'pest control' - aka spray and glue mice traps. We cancelled our service a couple months ago because it was so difficult to get someone out to the house when there was an actual problem and their customer service is horrible. Save yourself money, potential hair-loss, and blood pressure spikes; go with someone else. We're still looking for another company for termite services. I'll follow up when we find someone worth sharing. 

Can't wait to see everyone!