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Updated almost 10 years ago,
Section 8 Tenant Demand in Different Areas of Los Angeles
Esteemed fellow BP readers,
I am considering between purchasing either a 4 unit apartment building in the Watts neighborhood of Los Angeles or a 6 unit apartment building in the Mid City neighborhood of Los Angeles. My business plan is to rent out the units to Section 8 tenants as both the areas in which the apartment buildings are located have higher Section 8 rents compared to market rents for those areas.
In order to understand better each investment opportunity though I wanted to reach out to and see if any readers had an idea or experience as to where I could go or who I may speak to or where I may research to get an idea of the Section 8 tenant rental demand in the two areas I am considering. Basically, to help answer the question, how much rental demand is there from Section 8 tenants in these areas (or other areas in Los Angeles)
Any ideas would be appreciated.
Thank you in advance :)
A