Los Angeles, a city located in the state of California, is a place that is known and loved by many people around the world. To most, Los Angeles is renowned as the centre of film and entertainment because it is home to many production houses, including Paramount, Universal and Warner Brothers. On top of its illustrious history as a hub for entertainment, Los Angeles is renowned for its relaxed and luxurious lifestyle, and its celebrity population.
When it comes to real estate, Los Angeles is one of the frontrunners. The real estate market is extremely strong in Los Angeles, with many people looking to invest for the future. Given the market’s size and strength, it can often be difficult to invest successfully – it’s an extremely competitive environment. For this reason, it is important to be aware of the various property hotspots around Los Angeles. Knowing about these hotspots will ensure that your real estate investments remain fruitful over time. Accordingly, let us briefly consider a few of LA’s real estate hotspots.
One of the top areas within Los Angeles to invest in real estate is Silver Lake. This neighbourhood is located on the east-side of Los Angeles, and is renowned for embracing the ‘hipster lifestyle’. More specifically, the neighbourhood is home to much street art, artisanal coffee shops, and inventive cafes and eateries. The median rental price in the area is just below $4,000 per month, which is considered to be relatively inexpensive by many industry experts. With the real estate prices increasing in the area, now is a great time to invest in properties in Silver Lake.
Another real estate hotspot within Los Angeles is Mar Vista, a neighbourhood located on the westside of Los Angeles. For many people within Los Angeles, Mar Vista represents an extremely friendly and down-to-earth environment. On top of this, Mar Vista has an array of rental properties, priced just above those of Silver Lake, which are highly fruitful.
Lastly, Lincoln Heights – which is one of Los Angeles’ oldest neighbourhoods – is a great place to buy real estate. According to statistics from recent years, both the house prices and sales volume have increased rapidly, which makes Lincoln Heights an extremely exciting real estate location. As a creative and supportive environment, Lincoln Heights constitutes an excellent place to live and invest in.
To draw things to a close, it’s worth remembering that these are just three real estate hotspots within Los Angeles. As with many places, there are many hidden gems within the real estate market – you’ve just got to do your research in order to find them!
