Which neighborhoods in LA will give me the highest rate of rental yield?

Here’s an excerpt from an informative article on LA real estate investment opportunities:

There is one thing you need to understand. As long as a city is attractive for prospective tenants, it remains great for buying-to-let opportunities. But there’s a catch: cities as large as LA are composed of multiple neighborhoods and not all of them are equally good for the purpose. That’s why you need to make sure you’re investing in the right location.

In case you’re new to this business, you’re likely to think that most expensive zip codes like Beverly Hills, Santa Monica, or Venice Beach will give you the biggest rental yield. But property management business is a little bit more complicated, and in reality, things are far otherwise. In fact, investing in more affordable neighborhoods (at least some of them) can give you a bigger return on investment in a shorter period of time.

And I am ready to tell you what those neighborhoods are. Now, as the perks of living in the city of angels are clear, let’s take it one step further and discover what neighborhoods are best for buying income property.

• Westwood

• Median rental price: $4,367/mo

• Median purchase price: $2,309,650

• Silver Lake

• Median rental price: $3,964/mo

• Median purchase price: $1,242,800

• West Los Angeles

• Median rental price: $2,934/mo

• Median purchase price: $1,199,725

• Mar Vista

• Median rental price: $4,184/mo

• Median purchase price: $900,000

• Los Feliz

• Median rental price: $4,471/mo

• Median purchase price: $2,372,450

• Hollywood Hills

• Median rental price: $5,529/mo

• Median purchase price: $1,589,467