The latest MLS Map of residential real estate pricing trends in the Los Angeles area shows strong gains over last year with both residential single family homes, duplexes, triplexes, 4-plexes, and larger multi-family properties still representing a good long term investment despite the low cap rates. With interest rates remaining low and price appreciation remaining steady, there is reasonable upside for most investors.
The Culver City market showed a solid 5% increase in residential properties specifically single family homes. Similar increases were shown in the 1-4 unit investment category and the 5+ unit multi-family real estate investments. Most of West LA increased by 5% while neighboring communities such as Mid Los Angeles had even healthier gains of 11% or more. Both Culver City and Mid-City represent a solid core in the center of the Greater Los Angeles area with consistent and increasing returns for commercial and residential real estate investors.