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Old 06-18-2014, 03:24 PM
 
Location: Los Angeles
32 posts, read 41,031 times
Reputation: 23

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Me and my wife were looking at investing in real estate and we're looking for affordable and improving areas to buy. Have Compton and South Central improved since the 90s?
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Old 06-18-2014, 03:30 PM
 
Location: O.C.
2,821 posts, read 3,537,463 times
Reputation: 2102
Nope.
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Old 06-18-2014, 03:34 PM
 
Location: Los Angeles
2,436 posts, read 2,793,921 times
Reputation: 2284
Yes.
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Old 06-18-2014, 03:42 PM
 
1,940 posts, read 3,563,646 times
Reputation: 2121
In certain areas, yes. Compton isn't as bad as surrounding areas. It has some nice newer retail projects. I work with a few folks who live in Compton and they have decent jobs and are middle class. They say it hasn't lived up to the hype for a decade now.
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Old 06-18-2014, 03:48 PM
 
Location: South Bay
7,226 posts, read 22,193,073 times
Reputation: 3626
those areas are still at the extreme end of the crime spectrum, but having said that, crime all across LA has decreased dramatically (much like the rest of the country) since the crack epidemic days.
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Old 06-18-2014, 04:53 PM
 
1,319 posts, read 2,196,799 times
Reputation: 651
It has improved. You need to look at crime on a block to block basis because there are good pockets and bad pockets in each neighborhood. Check sites like mapping LA to see where most crime happens in the areas you are interested in buying.
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Old 06-18-2014, 05:11 PM
 
Location: Placentia, OC
1,487 posts, read 1,787,341 times
Reputation: 691
yes and no
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Old 06-18-2014, 05:11 PM
 
2,088 posts, read 1,972,068 times
Reputation: 3169
Yes, they're much improved from the early 90's. They still have more crime than most of LA county. As far as investment, it depends what you are trying to do.

Are you trying to flip a place? If so I wouldn't bother with those areas with the current market.

Are you trying to buy a rental property? Given the right neighborhood it might work, since the rent income to property cost ratio is probably better than in higher-end neighborhoods. Still, being a landlord to low-end renters carries its own risk. The closer people are to barely making ends meat, the more likely that a single setback could lead them to stop being able to pay their rent.
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Old 06-18-2014, 05:28 PM
 
1,319 posts, read 2,196,799 times
Reputation: 651
Flipping a house in South LA isn't necessarily a bad investment. There are foreclosures and neglected homes that are going on the market for lower than market value. Put in a little bit of $$ for rehab and you can make money.
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Old 06-18-2014, 07:15 PM
 
Location: Seattle, WA
2,985 posts, read 4,884,402 times
Reputation: 3419
Both are still crummy places. They've simply improved from previous super crummy levels.
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