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Category: Apartments, Multifamily Tags: Apartments, market report, Multifamily, Q2 2021, South Los Angeles

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South Los Angeles contains only about 10% of the County population, and includes a higher concentration of minorities, persons below 18 years of age, and individuals and children living below the poverty line. All these characteristics set the stage for understanding the labor and housing market in South Los Angeles. South Los Angeles has a low homeownership rate compared to the County overall. Therefore, a predominant portion of residents rent. Due to this high demand for rentals, it makes sense that South LA possesses an extremely high number of multifamily buildings. Further, research reveals that the inner-city is economically disadvantaged in terms of labor market outcomes due to inadequate skills related to lower educational achievement, fewer employment opportunities, lack of transportation, and discrimination.

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