SRE Investing Announces Downtown Los Angeles Revitalization is Spurring Rental Property Investment in South Los Angeles
Industry expert SRE Investing has today announced South Los Angeles (SOLA) is the top trending area for buying rental property in LA.
Beverly Hills, CA (PRWEB) October 25, 2012
SRE Investing, the industry expert in Southern California rental property investment, has today announced the top trending area for buying rental property in Los Angeles is actually South Los Angeles (SOLA). Due to the significant revitalization that has gone on in downtown LA, the South Los Angeles area has seen a significant surge in housing. Investors with SRE are poised to reap immense benefits from this growth.
Downtown Los Angeles has experienced an extraordinary commercial and residential renaissance over the past decade. Once home to only 6,500 residents, the downtown area has now grown to hold 45,000 residents, with more than 500,000 weekday employees traveling through the area. Add to that another 10 million annual non-local visitors, and it is easy to see that downtown Los Angeles has transformed into Southern California's economic engine of change.
The immediate upshot of this prosperity and stunning progress is that the growth and redevelopment has spread outward from downtown to surrounding areas, including South Los Angeles. SOLA is directly adjacent to downtown and is experiencing a renaissance of its own. “The sub-market growth varies ,” explained company COO Seth Phillips. “our clients benefit and are more secure understanding these trends." Many of the weekday employees traveling to downtown LA actually live in South Los Angeles, and commuting is very easy thanks to the two new subway lines and other mass transit options in the area.
SRE Investing has been purchasing and renovating distressed properties in South Los Angeles for the past five years, allowing investors the chance to reap the benefits of buying rental properties in this now-flourishing area. However, SOLA still has a large volume of distressed properties due to the overwhelming number of predatory lenders that targeted area homeowners during the height of the subprime lending fiasco, which resulted in a large concentration of foreclosures. “Most single-family rental home investors are looking for a 8 to 10% gross yield” said CEO Jay Belson in a recent interview. “South LA is one of the few markets in Southern California that can deliver that return."
SRE's daily focus is to source distress property opportunities, perform client-specific financial analysis, conduct property due diligence and execute the buying process, as well as monitor all contractors, brokers and buyers in the field. Investors with SRE have discovered that investing in rental properties in the South Los Angeles area offers returns difficult to achieve in Los Angeles.
SRE's goal is to bring speed, efficiency and asset volume to the unwieldy process, providing clients with the ability to engage in rental property investment with virtually no risk and high probability of good returns and appreciation.
To find out more about SRE Investing and the firm's presence within South Los Angeles, visit http://www.SREInvesting.com.
About SRE Investing: SRE Investing is a full service acquisition and management company for portfolio buyers of single-family homes. Clients are able to participate as owners, lenders or partners in investments, and the firm's buy and hold service allows investors to maximize their portfolio by harnessing the potential in the Southern California single family home rental industry.
For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2012/10/prweb10021234.htmView Comments and Join the Discussion!