Los Angeles and Orange County Airbnb Property Management
By Investor Forms
The median home value in Los Angeles is around $631k. LA values have increased over 8.1% in the past 12 months and predicted to rise another 2.2% by the end of 2018. The median price for renting is near $3,500 a month. Homes are expensive, but using short-term rentals, you can get a much better return on an investment property.
In Los Angeles 1 home is foreclosed a year (per 10,000), which is lower than the national average of 1.6. Mortgage delinquency is near 0, which is ideal for the market. Owners who are underwater on their mortgages is near .1%.
Why Buy Los Angeles Real Estate for an Investment?
That curve is heading up! If you want to invest, that is the graph to see. We utilize Airbnb’s pricing algorithms and our customizations to get the best rates for your property. We do our absolute best to get great guests in your rental.
L.A. has a bunch of beautiful areas (with average home prices):
- Bel Air $3,118,800
- Beverly Glen $2,114,400
- Mid City West $1,416,000
- Studio City $1,091,500
- Westwood $1,027,000
- Century City $991,400
- Sherman Oaks $866,100
- Toluca Lake $785,400
- Valley Village $778,900
Interested in seeing the Los Angeles Area? There is an excellent visitor guide: LA Visitors
Why Los Angeles / Orange County is a Great Place to Invest and Call Home
Los Angeles is a great place to live and invest. The sunny weather makes it an enjoyable place to live year round. If you are interested in buying an investment property, then there are many places available that you will enjoy vacationing in, also while letting an Airbnb property management company do the hard work.
Los Angeles Economy
The city is the largest major manufacturing center in the United States with over 500,000 workers making everything from apparel to transportation products. Over 40 percent of all containers shipped into or out of the country come through the Port of Los Angeles. It is the nation’s largest port in relation to the value of goods handled, and the city has the second largest customs district in the United States. In fact, international trade is the biggest sector of the region’s economy. There is also a thriving biotech and health sciences industry with over 2,500 companies making pharmaceuticals and durable medical products. One in every eight people in the county work in the creative industry.
Education
The largest community college system in the United States is in Los Angeles. Students can also study at more than 124 colleges within 50 miles of the city including the University of California at Los Angeles and the University of Southern California. The Los Angeles Unified Public School District operates more than 247 high schools with five ranked in the top 250 high schools in the United States according to U.S. News and World Report.
They are:
- Los Angeles Center for Enriched Studies
- Magnolia Science Academy
- Harbor Teacher Preparation Academy
- Downtown Business Academy
- Francisco Bravo Medical MagnetHigh
With so many great choices, everyone can get an affordable education in this city.
Transportation
There are three airports in the Los Angeles area. Los Angeles International Airport is the sixth busiest airport in the nation serving over 50.8 million passengers annually. Those visiting the city can also use the Los Angeles/Ontario International Airport and the Van Nuys Airport. Getting around the city by car is easy because the county has more than 508 miles of freeways and expressways. Additionally, the city has the largest municipal street system in the United States. Los Angeles Metro operates 200 bus lines along with a very busy subway and light rail system. The city also has 60 bike sharing stations.
Things to Do in Los Angeles
There is plenty to do in the 467 square mile Los Angeles area. The area is home to more than 800 museums and art galleries including the Los Angeles Museum of Art, the Harrington Library, and the Natural History Museum. The area is also home to nine theme parks including Disneyland, Disney California Adventure, Universal Studios Hollywood and Knott’s Berry Farm. Adults find this a fun getaway city with great activities including visiting the QUE Skyscape LA, the Aquarium of the Pacific and whale watching at Newport Landing. It is easy to see why the Golden Globe and the Academy Awards are both given out in Los Angeles. Guests can attend great events throughout the year including the Tournament of Roses, Los Angeles County Fair, and the Los Angeles Auto Show. Nine major professional sports teams call the area home, and the city has been chosen to host the 2028 Summer Olympics.
There are many great reasons to live in Los Angeles. The economy is robust with incredible diversity. There are many outstanding educational opportunities. Best of all, you will never get bored with so many things to do. If you are thinking of investing in property, then Los Angeles is a great place to do it. Visit as often as you want, and let us be your Airbnb property management company the rest of the year.