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Updated over 8 years ago on . Most recent reply

User Stats

14
Posts
5
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Brian Rule
  • Cerritos, CA
5
Votes |
14
Posts

Where to find Multi-family in LA/OC area?

Brian Rule
  • Cerritos, CA
Posted

Good Afternoon BP!

I'm getting ready buy my first investment property in the next year hopefully and am curious if anyone here in the Los Angeles/Orange County area has found good multifamily homes that could cash flow and/or help me pay down most of my mortgage. I have the VA loan available for use and am aware that I'd have to live in one to use it. I work in the area so I'm trying to find something without too long of a commute. Thanks!

Most Popular Reply

User Stats

45
Posts
19
Votes
Tyler Turpin
  • Investor
  • Long Beach, CA
19
Votes |
45
Posts
Tyler Turpin
  • Investor
  • Long Beach, CA
Replied

Some people are scared of the rent control in parts of Los Angeles like where I am in San Pedro. I haven't had issues with it yet. I like to think that it weeds out some of the big league investors. Multi families in San Pedro sit for a while before selling giving you that little extra help when it comes to negotiation. Also, there is going to be a major rehab to the port's o call area. It is speculation but I think it may increase home values in the area as well. 

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