Los Angeles, a city whose immense expanse meets the desert at its very doorstep, has evolved considerably since its birth in 1781 as a simple port! Now 12 times bigger than Paris, it has 4 million inhabitants and shines as the capital of American cinema.
In this cobbled jungle, it is essential for investors to learn how to spot opportunities. Maison Ikeys, which specialises in luxury real estate investment, takes you to the 6 districts that hold its attention for a quality investment.
Contents:
Silver Lake
Los Feliz
Hollywood
Westwood
West Los Angeles
Mar Vista
Silver Lake
The Silver Lake district is at the top of the list because it is the one that will soon be the most fashionable of the California Tech employees. And for good reason: its atmosphere, sometimes calm and peaceful, sometimes vibrant and crazy, is increasingly attracting a wealthy population of young parents looking for comfort and a rich city life. At its heart is the Reservoir, a place where you can't get enough of going on a Sunday, followed by a good Americano at the Cafe Tropical.
Rental prices are still relatively affordable today, but the area will probably be one of the most expensive in the city within a few years.
Los Feliz
This is said to be the capital of all creative people in LA. It's home to most of the city's musicians, actors and painters. It is also said that most young Americans looking to make a name for themselves in the arts migrate to LA before they turn twenty. Los Feliz has a winning equation for all rental investors, as some will always attract others.
For the French, this is where you'll find one of the most renowned branches of the Lycée Français.
Hollywood Hills
Hollywood and its hills that radiate over the entire world of cinema need no introduction. The district offers the most beautiful views of Los Angeles. Far from the noisy sirens of the city's bustling heart, the area is nevertheless ideally located for those who need to get to Downtown.
Contrary to what one might think, the real estate offer is today one of the most provided on all types of properties, from condos to flats of all sizes, passing by the more traditional American family houses.
Westwood
While being one of the most expensive areas to rent in the entire city, the purchase prices are only slightly above the new trendy areas. It is therefore not surprising that there is an ever-increasing demand.
It is also, it must be said, one of the most charming areas of the city, far from the glitz and more authentic. UCLA, one of the country's most prestigious universities, is located here, giving the area an extra layer of student life.
West Los Angeles
The presence of West Los Angeles in the area may come as a surprise to a local, who probably has in mind an endless string of shopping malls and traditional diners. Yet it is precisely these nagging preconceptions that create the great investment opportunities for those who know how to look.
Rental prices have risen by almost 18% in 2020! There is no doubt that the area will gain in popularity in the coming years.
Mar Vista
For many, Mar Vista is one of the quietest areas of the city, in the sense that its relatively narrow borders compared to other areas attract little attention. It is also one of the friendliest areas of the city, and one that is experiencing a real resurgence of activity due to its proximity to Silicon Beach, the announced successor to Silicon Valley around San Francisco.
As a result, fashion boutiques and restaurants are opening at a rapid pace, and with them, rental prices. However, purchase prices are still very reasonable on average, and deserve the attention of a well-informed investor.