Single Family Management
Sherman Oaks, CA 91423
There are 35 property management companies in Los Angeles, CA 18 Companies specialize in Single Family property management. 21 Companies specialize in Multi-Family property management. 13 Companies specialize in HOA property management.
The average rent for a 3 bedroom house in Los Angeles, CA is $2,061.00. When you receive your requested free market assessment, compare the average rent to what a property manager expects your property to rent for before making your decision on which manager to hire.
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Los Angeles, CA Property Management Companies
With its mild climate and wide range of employment opportunities, Los Angeles is a popular place to call home. In fact, with its population of 3.8 million, LA is the second largest city in the US and the twelfth largest city in the world. An international center for such major industries as banking, manufacturing, technology and entertainment, Los Angeles attracts people with diverse job skills and income levels, making it an ideal place to own rental property.
Los Angeles Rentals are in Demand
Now is a great time to expand your property investment portfolio in Los Angeles. The recent economic downturn has led to a skyrocketing foreclosure rate, meaning that a wealth of distressed properties is available for purchase just as a substantial number of owners-turned-renters are driving an increase in the demand for rentals.
Even in more favorable economic conditions, a large percentage of Los Angeles citizens rent their homes. Given LA's median home price and median income level, homeownership is simply out of reach for many people. With such high demand for rentals, the Los Angeles market is perennially tight. Its low vacancy rates and high average rents make it a particularly attractive city for property investors. Not surprisingly, demand for Los Angeles property management companies is high, too!
Los Angeles Rental Market at a Glance
|Los Angeles Area||US|
|2013 Population||12.8 million||380 million|
|2010 Percentage of renters||61.8%||34.0%|
|2013(1st Q) Rental vacancy rate||4.4%||8.4%|
|2013 Median house price||$370,000||$185,400|
|2013 Median income||$50,028||$51,425|
|2013 Median rent (3 bedroom)||$2,085||$1,350|
The Los Angeles, California metro area (population: 13,052,921) enjoyed a steady decline in its vacancy rate from 8.4% for the first quarter of 2010 to 4.4% in the first quarter of 2013. Median rent slightly decreased from 2011 to 2013, going from $2,125 to $2,085. The median family income is $50,028 and the median home price is $370,000.
Vacancy rates and population estimates taken from census.gov/housing
Rent data from HUD.gov
Median family income and price from CNNMoney.com
Percentage of renters reported by City-data.com
Finding Los Angeles Property Management Companies
Finding the right Los Angeles property management company is as easy as typing your zip code into our search widget and selecting your property type. Compare services and request free quotes.
Ranked sixth in the world in the UK's Global Cities Index, Los Angeles California is the second largest city in the United States with a population of almost four million inhabitants, although the surrounding Los Angeles metropolitan area is home to nearly 13 million people spread out over 87 neighborhoods and communities. Â While vocalist Dale Bozzio of the '80s group Missing Persons crooned about nobody walking in LA, improvements over the last 30 years in bus transit, light rail and neighborhood infrastructure throughout the city make it much easier to get around by foot and bike. The Walk Score website gives downtown a near-perfect 92, while Koreatown, Mid-City West, Pico-Union and Chinatown all scored above 85.
Among the most LA neighborhoods, Mid-City West remains popular for its central location, broad demographics and easy access to everyday conveniences like shopping and entertainment. Singles often gravitate to Los Feliz near the northeastern corner of Hollywood, a neighborhood made up of 1920s bungalows within walking distance of many clubs and restaurants along Hollywood Boulevard. Another desirable neighborhood is nearby Silver Lake, which is currently undergoing extensive revitalization and development along most of the artificial lake shoreline. Singles seeking beach access and eclectic retail shops can't miss in Santa Monica, although finding an open parking space is about as infrequent as a rainy southern California day. Other notable Los Angeles neighborhoods include:
South Los Angeles
West Los Angeles
La Tuna Canyon