It is important to look in areas that have thriving businesses. The hip spots that were once in Hollywood are now moving East into Silverlake and Los Feliz. Local businesses are flourishing, local mom & pop boutique stores and restaurants are thriving and home prices remain affordable.
Another area is South Carthay Circle, Spanish Styled Homes.
The stores on Pico Blvd between La Brea and Fairfax is bringing value to the area. There are cafe's, health-oriented restaurants, theatre etc. The area is surrounded by duplex' for a great return on investment and some areas of Carthay have the Mills Act, which the owner receives royalty money for the oil under the land.
As geographic location goes, visit http://www.WalkScore.com
type in an address to see what areas are good walking distance to your new investment property.
Are you looking to purchase commercial apartments or 2-4 unit building?
3rd Generation Los Angeles Realtor
2nd Generation Beverly Hills Native