Current taxes are $2,000/yr (current owner has held on to it for a while) and in Southern California generally the taxes get reassessed at the new purchase price when there's a change in ownership with the tax rate varying between 1%-1.25%. 

I don’t know your area so I can’t speak to it knowledgeably, but in my area of southern CA, I concentrate in higher end areas with older homes where many other developers have already built Mc Mansions.

@Leah Israel I love this!

I am 22 year old recent graduate of Charleston Southern University and looking to network with investors in the Hampton Roads area.

I live in the San Diego Area in Southern California. 

Do I need pay capital gains tax on property I have bought and sold in less than a year. (I'm thinking yes but I'm just making sure)

I'm a Southern California Native, and new to real estate.

Hi all, I’m relatively new to Southern California and would like to begin investing in multi family properties or apartments here.

We are in Southern California so this would probably be out-of-state. 

Peace! Hope all is well. Looking to connect with some investors, wholesalers and agents in the Maryland area. Looking to purchase my first property in the Patuxent river area. Preferably a multi family.