Los Angeles County multiplexes

[Micha Adler]

I am thinking about looking at multiplexes for a house-hacking/investment property.  I was wondering if anybody investing in or around the 90035 zip code had thoughts on the applicability of the 50% or 2% rule.  If these are not good rules of thumb for this area, could you explain why and suggest some other criteria or rules of thumb?  

[Joshua McGinnis]

Hi @Micha Adler 

90035 is in my back yard. I'm very close to Pico / Robertson and know the area well. Duplexes typically start at $1.2MM and go up from there with rents going as high as $5000 or as low as $1000, depending on all sorts of variables.

In general, you will be hard-pressed to meet the 50% or 2% rule in Los Angeles. 2% of $1.2MM is $24,000 so you can see how challenging it will be in L.A. to meet these criteria.

If you're looking for a duplex in the Beverlywood, Cheviot Hills, Pico/Robertson, Century City, Beverly Hills, or anywhere in LA for that matter, let's connect and I'd be happy to point you to some additional resources.