New builds in Los Angeles for Sale

City on the map

Los Angeles is a metropolis in the United States in the south of California, located on the coastal lowland adjacent to Santa Monica Bay. It has access to the Pacific Ocean in the west, and it is surrounded by desert and mountains on the other sides.

Why is it profitable to buy an apartment in a new build of Los Angeles?

The following industries are developed in the city: radio electronics, metalworking, computer industry, automotive industry, furniture manufacturing, medicine and clothing manufacturing. The largest financial corporations and banks of the Pacific coast are located here. The port is considered the fifth busiest in the world.

It is a city of the entertainment and tourism industries. The television and film industry, which Hollywood stands for, produces 90% of all film production in the United States. Amusement parks, art galleries, exhibition halls annually attract the attention of hundreds of thousands of visitors, which creates a huge tourist popularity.

Since Los Angeles is located in a seismic zone, low-rise buildings and villas prevail on its territory, however, according to their architectural design, they are made much more interesting than many skyscrapers. Tall buildings can be seen only in the center called Downtown.

Los Angeles International Airport is located 16 kilometers from the city center. The main type of public transport is buses, its routes cover all areas of the city and suburbs. The local metro is not very long and does not work at night. The most convenient and cheapest kind of transport is car; rental offices are located in every district of the city.

 As an important center for higher and secondary education in the United States, the city has several universities in different areas: technology, medicine, as well as a film institute, an institute of architecture, a college of art and design and others.

The crime rate in Los Angeles has dropped significantly in recent years and the city is considered quite safe for tourists. However, night walks in certain areas should be avoided, as they are controlled by criminal ethnic groups (people from Central America).

The climate is similar to the Mediterranean in terms of precipitation, but in terms of air temperature it is tropical.

Prices for new builds are quite democratic compared to New York. It is quite possible to find an inexpensive apartment. Real estate in the new builds for sale is popular, the demand is high, the supply does not fully satisfy it (transactions are being made even at the construction stage). Residential complexes in Los Angeles are being completed on time, using the latest technology and are built in compliance with building standards. Customer reviews confirm the good quality of the facilities being built. The sale of apartments from developers is carried out on a turnkey condition or in black frame condition. Renovation in new builds for sale meets the standards.

You can buy an apartment from a developer in Los Angeles at a reasonable price ( according to the standards of the American real estate market). Investing in new home for sale of Los Angeles is profitable given the rental and resale yield.

The minimum price per square meter in a new home in black frame condition (according to the information of the real estate search engine GEOLN.COM) is $2,200.

Acquisition of apartments in Los Angeles by foreigners

Foreigners can buy apartments without any restrictions.

Highlights of the city

• Disneyland;
• Hollywood Walk of Fame;
• Rodeo Dry Street;
• Observatory;
• Huntington Library;
• Park Universal Studios Hollywood;
• Santa Monica Pier;
• Museums: Page, Hollywood, Natural History; contemporary art;
• Hollywood Sign;
• Cathedral of Our Lady of the Angels;
• City Hall;
• Abbott Kinney Boulevard;
• Petersen Automotive Museum;
• Sculptured Watts Towers;
• Science Museum "California Science Center";
• Walt Disney Concert Hall;
• OUE Skyspace LA Observation Deck;
• Canals of American Venice;
• Pacific amusement park;
• Aquarium;
• Runyon Canyon Park;
• Sunset Boulevard and etc.

Purchasing an apartment in a new development of Los Angeles is an investment that involves high passive rental or resale income in one of the most presentable cities on the planet.