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Updated almost 4 years ago,

Account Closed
1
Votes |
28
Posts

Which has better investment value in LA area- condo or house?

Account Closed
Posted

Currently shopping for a condo or house in Studio City/Toluca Lake/Burbank area that will serve as a primary residence.

Condo (2-3 bed, 2 bath) price range 600K-700K (Studio City/Toluca Lake)

House (3 bed, 2 bath) price range <1M (Burbank)

Long term, I am looking to build a portfolio of properties by buying a new property every 3-5 years in the LA area with savings from my 9-5 job.

Originally, I had planned on a condo, but concerned in regards to housing price projections in the next few years.

What are people's opinion of investment values of these property types in these areas?

Thanks!