Currently, multifamily real estate in Los Angeles is a safe investment. Back in 2009, it was a different story – $170 million in inventory was traded compared to $900 million in 2007. Many families that had left Central Los Angeles during that time but came back after the Federal Reserve dropped interest rates, this time opting in for rentals instead of buying property again.
From 2011 to 2017, rents grew by 4% each year. By 2018, more $700 million was traded in assets, demonstrating that Central Los Angeles has the greatest track record for resiliency from the recession.
Click below to see the infographic on how Central Los Angeles bounced back from the recession and where it stands in today’s economy.