What the Booming Southern California Market Means for You



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Many of you know about Chinatown. The zip code 90012 has been rated as the second boomtown in the United States!

We have 22,000 units new housing and 65,000 new jobs. This area encompasses Little Tokyo, the Art District, some neighborhoods are Walt Disney Hall, and the L.A. Downtown Financial District. That particular area is going to grow six times faster than the top 100 counties in the United States.

That’s good news! The growth rate will be 8.8% over the next five years.

There’s more good news for apartment owners and investors in San Diego County. It has been rated as the top rent increase in California at 5.9% in 2015. Even though this is higher than Orange County, it is still more affordable than San Francisco and San Jose.

"All of this growth brings great opportunities."

This may lead you to ask where you should invest right now. San Diego is getting tighter because people know about the rent increase. There’s opportunity in Corona and Pasadena to add value because of their positioning towards downtown.

Until next time, if you have any questions, please don’t hesitate to email or call me.

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