Los Angeles is a metropolis in the southwestern United States, in southern California, located at the mouth of the Los Angeles River, on the lowlands near Santa Monica Bay (Pacific coast), surrounded by mountains.
The climate is Mediterranean (hot summers and rainy winters). The breezes of the Pacific Ocean on the coast create coolness in summer and warmth in winter, the temperature in summer is often above plus thirty degrees Celsius, in winter - plus twenty degrees Celsius. Rain falls mainly in winter and spring. Due to the peculiarities of the climate and the landscape surrounding the city (the proximity of the mountains and the ocean), on some days it is possible to practice both skiing and surfing.
The city's economy is based on international trade, television and film industry, military, aerospace, oil refining, electrical, instrument-making, food industries, car assembly, biotechnology, oil production, the financial sector, medical, transport, tourism services, entertainment and leisure industries are also developed.
The city is home to the world-famous "dream factory", the center of cinema - Hollywood, its Walk of Fame, the film companies "Warner Bros", "Paramount Pictures", status restaurants, bars, hotels frequented by famous people. A special originality is manifested in the multinational composition of the inhabitants. No other city receives such a large number of tourists and immigrants.
Advantages of living in the city:
- developed economy,
- tourist attractions,
- location - on the coast of the ocean,
- comfortable climate,
- beautiful natural scenery,
- cult of a healthy lifestyle,
- convenient geographical location (proximity to Silicon Valley, San Diego, Las Vegas),
- many entertainment venues,
- neighborhood of famous people.
Buying apartments in Los Angeles from the owners
It is very prestigious to have housing in this city. Apartments in Los Angeles are very popular both as an investment object and as a place of residence, where it is convenient to do business and it is pleasant to relax. The city is one of the ten cities in the US with the best rental potential. There are many visiting tourists, businessmen, a large number of solvent population, low unemployment. Since buying a home in Los Angeles is a project available only to wealthy buyers, many are forced to rent secondary real estate. It is almost impossible to find even relatively cheap apartments in Los Angeles. However, the rental option cannot be called economical, since rent payments take up a significant part of the personal budget.
The best option for middle-income buyers is to buy an apartment in Los Angeles on the secondary market. The arguments in favor of this are: a wide choice of areas and types, the ability to find an inexpensive apartment (buy for renovation, accept some disadvantages in favor of a low price). Elite can be considered high-quality resale properties of a larger area with several bedrooms, comfortable layout, beautiful views of the mountains or the sea, and, of course, located closer to the coast, equipped and furnished. An important criterion affecting the cost of housing in Los Angeles is the safety of the area. Locations to the west of Fairfax Street, which divides the city into northern and southern parts, are considered safe in this sense. It is safe to live in the following areas: West Hollywood, Sherman Oaks, Studio City, Encino, Glendale, Burbank, and Santa Monica. Relatively inexpensive apartments in Los Angeles on the secondary market can be found in these areas if you seek help from specialists and be patient.
The GEOLN.COM real estate website with a convenient search interface helps investors to purchase secondary apartments without intermediaries, where you can quickly find an option according to the required characteristics (a wide selection of offers of verified objects with photos) and get expert advice. Owners of investment objects put up their options for sale on the site on their own. The purchase procedure is transparent, regulated in detail by law, which is confirmed by customer reviews.
Prices for apartments in Los Angeles in the secondary market
In prestigious areas, the cost of an apartment in Los Angeles starts from four million dollars, the average price in the city is two to three million dollars, in the center - from two to four million dollars, depending on the number of bedrooms.
Purchasing resale apartments in Los Angeles is a prestigious and profitable investment that gives you the opportunity to receive high income from renting out an apartment, relaxing, living, doing business in one of the most popular and status cities in the world with a comfortable climate and developed infrastructure.