|Specialty||# of Agencies|
|Single House or Condo||10|
|Home Owners Association||11|
|Total Local Companies||25|
Anaheim, CA Rental Market Overview
Plenty of Upside for Independent Property Investors in Anaheim
Sometimes the best strategy for small landlords and independent rental property investors is staying away from the areas under the scrutiny of big institutional investors. That's currently the case for Anaheim property owners. The Los Angeles metro region is one of the hottest rental property markets in the nation, ranked tenth out of 44 places in the Marcus & Millichap 2013 National Apartment Guide, but a majority of the new construction (80% or 4,000 rental units) is concentrated in only 25% of the Los Angeles submarkets: Wilshire/Westlake, Downtown LA and Marina Del Rey/Venice/Westchester. While the report suggests that there will be more multi-unit construction in the near future, much of the development will probably remain on new Class A luxury units close to the water, not necessarily in Anaheim. This means that single-home rental property owners will continue to enjoy LA's low 3.7% vacancy rate with only moderate competition from big developers.
What About Adding New Assets?
If the large institutions continue to develop new properties, small landlords may find attractive entries among Class B/C properties in Anaheim, especially the listings that developers consider too insignificant as revenue generators. Anaheim doesn't have the significant foreclosure inventory found in east Los Angeles County, but there are opportunities for property owners who are poised to quickly close on relative bargains. That's one reason why a number of small landlords work with real estate professionals employed by Anaheim property management companies. Local property managers frequently interact with tenants and property owners, gaining specific insights about the market that never ends up printed in big corporate institutional reports. Take a few moments to review the profiles of these Anaheim property management companies and then request your free information today.