Lowest vacancy area in LA? (apartment, rental, loans)

[Thawor]

If I should invest in a rental property in LA, what would you say is the lowest vacancy area in the city? Are there any statistics on this?

I know how to calculate Cap rate, loans, taxes etc, but the wild card is vacancy... If I can't calculate a regular income, then I can't plan my business. If I know which vacancy to expect, then the whole calculation comes into place. Not necessarily with a big surplus (maybe even with a negative cash flow), but still: it's predictable.

Also - as a motivation to read and comment on this thread - I would say that the areas with the lowest vacancy hold the golden combination: Attractiveness and the right pricing.

[JumboPrawn]

Originally Posted by Thawor

If I should invest in a rental property in LA, what would you say is the lowest vacancy area in the city? Are there any statistics on this?

I know how to calculate Cap rate, loans, taxes etc, but the wild card is vacancy... If I can't calculate a regular income, then I can't plan my business. If I know which vacancy to expect, then the whole calculation comes into place. Not necessarily with a big surplus (maybe even with a negative cash flow), but still: it's predictable.

Also - as a motivation to read and comment on this thread - I would say that the areas with the lowest vacancy hold the golden combination: Attractiveness and the right pricing.

Maybe your question is somehow related to mine: Where in LA do you find the best balance between pricing and attractiveness?

See thread: http://www.city-data.com/forum/los-a...s-angeles.html

(I don't know about the vacancy statistics though)

[SandyCo]

This site might help, but you have to subscribe to it first.

Realfacts - APARTMENT DATA

This is where the L.A. Times got the info for a recent article about rents continuing to drop.

[Thawor]

Originally Posted by SandyCo

This site might help, but you have to subscribe to it first.

Realfacts - APARTMENT DATA

This is where the L.A. Times got the info for a recent article about rents continuing to drop.

Thanks! That is very helpful - I'll sign up for the site.

- Thawor