They're also finding it convenient to be close to public transit, entertainment venues, sports complexes, gourmet restaurants, and museums.We see this across the country from Brooklyn, NY to Chicago, to Los Angeles.

Here are the numbers:Location: San Fernando Valley (Los Angeles)2bd/1ba - 850sq ftRemaining balance: 314,000Zillow estimate: 676,400Redfin estimate: 713,749Rent Zestimate (Zillow): 2771 (I feel this is a tad high for such a small house)Cons of the house:Old roof mounted package unit, that eventually will need replacing (made in 1999)Still need to repair 4 sides of fencing repaired/replacedDriveway needs a slurry job1 hour drive from my current house with no trafficLawn needs a redesign (more drought tolerant stuff) - It gets very hot in the valleyPros:Mortgage is only 1760 all inPotential ~900 net/moI already have it...If I did sell it, I would like to buy something closer to where I live, but I also don't want to get dinged with any unnecessary taxes either. 

On my second house hack here in Los Angeles I went from an FHA 203(k) to a streamline FHA refinance and then went conventional. 

I'm in the Los Angeles area and there are many types of multi-units such as duplex, triplex, some quadplex, etc. 

I live in Los Angeles.

IN LOS ANGELES COUNTY!! 

Also we are in Los angeles market if that helpsThanks again

We brought Los Angeles style and Finnish to the Covina suburbs for a fraction of the price What was the outcome?

Purchase price: $497,000 Cash invested: $60,000 Sale price: $770,000Flipped house in Covina California east of Los Angeles What made you interested in investing in this type of deal?

That is what my clients here in Los Angeles are doing.