Los Angeles, or “L.A.”, is the most populous city in the U.S. state of California and the second most populous in the United States, after New York City. It’s one of the most substantial economic engines of the US with strengths in business, international trade, entertainment, culture, media, fashion, science, sports, technology, education, medicine and research. It can be challenging to find solid cashflowing properties in L.A. – much like NYC, properties in L.A. are generally purchased for appreciation potential.
Statistics for Single Family Homes and Condos in Los Angeles, CA
Employment by Sector and TrendsNote: Recessions shown in grey