Los Angeles, CA

Population: 3,884,307
Average annual home appreciation rate: 10.23%
Total of homes for sale in this market: Still Gathering Data
Median home price: $563,780
Median Rent: $1,368 per room
Home price range: 20.38% of homes are between $632,001 – $948,000
Median sales price: $648,000
Number of homes: 4,914
Median foreclosure sales price: $388,635
Foreclosure discount: $259,365 ( 40.0% )
Most common home type: 45.22% of homes are COMPLEXES OR HIGH RISE APARTMENTS
Number of vacant homes: 7.13%
Number of renters: 61.08%
Number of owner occupied: 38.92%
Number people living below poverty level: 20.19%
Unemployment rate: 7.40%
Is this area perfect for real estate deals going on right now? Appreciation alone would help the real estate investor to gain ROI in the L.A. market. There are many other factors to help with that fact: High rental rates, and many renters needing a place to live, etc.., There is opportunity for the investor in Los Angeles if they know what they are doing.

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