There’s no doubt parts of South LA and Northeast Los Angeles are on buyers’ minds. Prices continue to go up and frankly it’s probably the last chance to get in, before it becomes ridiculous. Personally I love North East neighborhoods and it makes me happy to see Mount Washington to go up another 10% year-to-year. Glassell Park is super popular these days among the flippers. Properties usually come back on the market with up to $200K hike in asking price.
Where to invest? Look at the latest heat map from The MLS published Aug 5th, 2017. A few years ago Playa Del Rey and Beverly Hills were in blue. Today they are leading sellers markets with over 40% average price increases year-to-year.
Personally I decided to stick to Northeast LA, Eagle Rock, Atwater Village but also expending my search for next property to Hollywood Hills and Echo Park. Are you interested in flipping in these areas and looking to partner up, call me.