Multifamily Markets in Southern California

[Tara Faulks]

Hello!  I am looking to invest in Multifamily Units with value add potential (12 or less units to start).  I live in Santa Monica.  I have been reading forums entries on markets and things to look for and am trying to narrow down the market I will focus on.  My goal would be to remain local enough (drive with 4-6 hours but preferably 2 or less) while maximizing Cash flow and return.  I am using the calculator and struggling to see opportunities in Southern California.  I am new to this and understand i need to network and find off market deals to get the true gems, but i would love to hear from current investors near Southern California, Arizona or Nevada.  Do you have any markets you would suggest that i look in for multifamily?  We are looking to narrow it down to 2-3 markets and then do more extensive research to see what works best for us.  Any thoughts or advice would be great!  Thanks!  Tara