California’s 9 Best Places to Buy a Rental Property –

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7. Hawthorne

Median home price: $841,216
Median rental price: $1,950

The hometown of rapper Tyler, the Creator and the iconic Beach Boys, Hawthorne is one of the best places to buy a rental property in California. The city has one of the highest renter-occupied household rates in the Golden State—over 70 percent of residents are renters. Although the median home price is rathercostly, it’s guaranteed that you’ll make your money’s worth, especially when you consider the fact that rent prices are constantly rising. 

Buy/sell, rent/lease residential &
commercials real estate properties.

8. Lake Los Angeles

Median home price: $901,342
Median rental price: $3,248

Investing in long-term rentals in Lake Los Angeles is quite profitable. Countless movies, TV shows, and commercials have been filmed here, so you know there’s always someone looking for somewhere to stay. The capitalization rate of traditional rental properties is 4.63 percent with a pretty decent cash-on-cash return, making it one of the best places to buy a rental property in Los Angeles County

Staying in Lake Los Angeles means you’ll get to enjoy many activities in the area without having to break the bank. You can reach Angeles National Forest in only 20 minutes away and San Bernardino National Forest in 30 minutes from Lake Los Angeles. 

The Best Place to Buy a Rental Property in Orange County

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