Los Angeles is a city of vibrant neighborhoods with unique character and charm. However, due to the array of options that all have varying highlights, Los Angeles can be challenging to know where to begin for investors looking to purchase rental properties. That's why we've compiled a list of the ten best neighborhoods in Los Angeles to invest in a rental property for 2023 and beyond. 

To determine the six best neighborhoods in Los Angeles to invest in a rental property for 2023 and beyond, we analyzed various data points, including rental demand, rental income and consistency, lifestyle, and amenities. Our research is based on data from Zillow, RentCafe, Niche, and Walk Score and our team's local knowledge and expertise. If you want to invest in a rental property in West Los Angeles, consider one of the Westside neighborhoods highlighted below. And if you're going to make owning a rental property a hassle-free experience, Doorstead's property management service is here to help. Contact us today to learn more!

Please note that we are not investment or real estate advisors; this article should not be taken as investment advice. It's essential to conduct thorough research and analysis before investing in any rental property. This may involve working with a real estate agent or a professional property management company to gather more detailed data and insights on the specific neighborhood and property.

Investment and property management in Santa Monica, Los Angeles 

Located on the coast and known for its beautiful beaches and pier, Santa Monica has a high demand for rental properties due to its desirable location and proximity to tech companies.

Santa Monica is considered one of the best neighborhoods in Los Angeles for long-term property investment prospects. This beachfront city boasts a high quality of life, excellent schools, and a thriving economy driven by tourism, technology, and healthcare. Santa Monica is also home to many popular attractions, including the Santa Monica Pier, Third Street Promenade, and the Annenberg Community Beach House, making it an appealing destination for locals and tourists. However, rental prices in Santa Monica tend to be high, which may make it challenging to find affordable investment opportunities.

In terms of the rental property market, Santa Monica offers consistent demand and high rental prices due to its desirable location and amenities. Santa Monica provides various housing types, including apartments, condos, and single-family homes. According to RentCafe, the average rent for an apartment in Santa Monica is around $4,000, which is higher than the average rent in Los Angeles. Zumper quotes the average 2023 rent for Santa Monica to be $2,995 for a 1-bedroom apartment, showing a 9% increase from last year. Additionally, Santa Monica has a relatively low vacancy rate, which means that rental properties tend to stay occupied for more extended periods.

Another factor that makes Santa Monica an excellent long-term investment prospect is the city's commitment to sustainability and innovation. Santa Monica has implemented several environmentally-friendly policies and initiatives, such as a bike share program and a goal of achieving carbon neutrality by 2050. These efforts have helped to attract businesses and residents who prioritize sustainability and are willing to pay a premium for properties that reflect these values.

Santa Monica's location, amenities, and sustainability make it a prime neighborhood for long-term property investment prospects in Los Angeles.

Investment and property management in Beverly Hills

A high-end area with excellent rental potential, Beverly Hills is known for its luxury properties and high-quality schools.

Beverly Hills is one of the most affluent and exclusive neighborhoods in Los Angeles, known for its luxurious homes, high-end shopping, and celebrity residents. The city boasts a strong economy driven by the entertainment, fashion, and hospitality industries. It is also home to some of the state's top-rated public schools, making it an attractive destination for families with children.

In terms of the rental property market, Beverly Hills offers high rental prices and consistent demand due to its desirable location and prestige. According to RentCafe, the average rent for an apartment in Beverly Hills is $4,268 as of January 2023, significantly higher than the average rent in Los Angeles. 

Another factor that makes Beverly Hills an excellent long-term investment prospect is its commitment to maintaining its reputation as a top destination for luxury living. Beverly Hills has strict zoning regulations that help preserve the city's character and exclusivity. It also invests heavily in its infrastructure and amenities, such as parks, libraries, and community centers, which help enhance its residents' quality of life.

Furthermore, Beverly Hills has a stable and appreciating real estate market, which makes it an attractive destination for property investors. According to Zillow's Neighborhood Home Value Index, the median home value in Beverly Hills is $4.4 million as of January 2023, representing a 5.9% increase over the past year.

Overall, Beverly Hills' prestige, location, and amenities make it a prime neighborhood for long-term property investment prospects in Los Angeles. And just for fun, here's a list of famous movies that feature the iconic Beverly Hills.‍

Investment and property management in Westwood

Westwood is a neighborhood located on the west side of Los Angeles, adjacent to Beverly Hills and Bel Air. It is home to the University of California, Los Angeles (UCLA), one of the country's top public universities. The neighborhood is centrally located on the west side of Los Angeles, which makes it easily accessible to other parts of the city. It is also adjacent to some of the most affluent neighborhoods in Los Angeles, such as Beverly Hills and Bel Air, which adds to its appeal.

In terms of the rental property market, Westwood offers relatively high rental prices and consistent demand due to its location and proximity to UCLA. According to RentCafe, the average rent for an apartment in Westwood is $3,302 as of January 2023, higher than the average rent in Los Angeles. 

Another factor that makes Westwood a robust long-term investment prospect is its solid demand from students and faculty at UCLA. The university has a large student population and employs thousands of faculty and staff members, many of whom prefer to live near campus. This ensures a consistent demand for rental properties in the area, particularly during the academic year and summer. In addition, with the steady school schedules of university students and faculty, rental properties rent out fast and stay occupied for predictable periods.

Furthermore, Westwood has a stable and appreciating real estate market, which makes it an attractive destination for property investors. According to Zillow, the median home value in Westwood is $2.2 million as of January 2023, representing a 5.9% increase over the past year.

Westwood's central location, strong rental demand, and stable real estate market make it a prime neighborhood for long-term property investment prospects in Los Angeles.

Investment and property management in Culver City

Culver City has recently experienced a surge in popularity due to its central location and vibrant community. As a result, there is a high demand for rental properties in the area, particularly among young professionals and families. In addition, the increased demand for rental properties in Culver City further indicates solid income potential for property owners. According to Zillow, the average monthly rent for a two-bedroom apartment in Culver City is $3,450, higher than the Los Angeles County average. 

Culver City, a thriving community with a mix of residential and commercial properties, has a solid rental market and access to public transportation.

Culver City's central location on the Westside of Los Angeles makes it attractive for those who want easy access to other parts of the city. Its proximity to major employers, such as Sony Pictures Entertainment and Apple, also adds to its long-term appeal. Culver City has a diverse and thriving local economy that includes a mix of retail, restaurants, entertainment, and technology businesses. This economic diversity can help insulate the local rental market from potential economic downturns in the long term.

Investment and property management in Mar Vista

Mar Vista is a neighborhood located on the Westside of Los Angeles that has seen a surge in popularity in recent years. Mar Vista is located within a short drive of several major employers in the Los Angeles area, including the tech companies in Silicon Beach and the entertainment industry in Culver City. This proximity to employment opportunities can make the neighborhood an attractive place to live for renters. The community is close to Santa Monica, Venice, and Culver City, making it ideal for young professionals and families who want to be close to the beach and major employment centers. 

Mar Vista's rental property market has experienced consistent demand and rising rental prices. According to RentCafe, the average rent for an apartment in Mar Vista is $3,267 as of January 2023, higher than the average rent in Los Angeles. Additionally, Mar Vista has a relatively low vacancy rate, which means that rental properties tend to stay occupied for more extended periods. Mar Vista's growing popularity has led to a high demand for rental properties in the area. The need is driven by a mix of young professionals, families, and students, which creates a diverse and stable rental market.

One of the biggest draws of Mar Vista is its community-oriented lifestyle. The neighborhood is known for its diverse and friendly community, tree-lined streets, and ample green spaces, which make it an attractive location for families and those who value a sense of community. Mar Vista also has a burgeoning culinary scene, with many restaurants and cafes that offer a wide range of cuisines.

Mar Vista is a prime location for long-term investment prospects due to the city's ongoing infrastructure projects and development plans. For example, the city is investing in new public transportation systems, such as the Expo Line light rail, which makes it easy to access other parts of Los Angeles. Additionally, Mar Vista is undergoing significant development, with new mixed-use buildings and retail spaces being constructed, which could increase property values over time.

Overall, Mar Vista's location, amenities, and community-oriented lifestyle make it a prime neighborhood for long-term property investment prospects in Los Angeles.

Investment and property management in Brentwood

Brentwood is considered one of the premier neighborhoods in Los Angeles for long-term property investment prospects. This affluent neighborhood is located on the Westside of Los Angeles, and it is known for its luxurious homes, high-end shopping, and upscale dining scene. Brentwood is also home to several top-rated schools, including private schools such as Brentwood School and Archer School for Girls, which makes it an appealing destination for families with school-aged children.

Brentwood offers consistent demand and high rental prices due to its prime location and amenities. According to Zillow, the average rent for a 1-bedroom apartment in Brentwood is $3,300 as of January 2023, higher than the average rent in Los Angeles. Additionally, Brentwood has a relatively low vacancy rate, which means that rental properties tend to stay occupied for more extended periods.

Another factor that makes Brentwood a valuable long-term investment prospect is its proximity to major employment centers, such as Santa Monica and downtown Los Angeles. This makes it an attractive location for young professionals who work in these areas and are willing to pay a premium for a high-quality living experience.

West Los Angeles Los Angeles has many great neighborhoods to invest in rental properties, and with Doorstead's property management service, owning a rental property in West Los Angeles has always been challenging. Whether you're looking for property management in Santa Monica, Beverly Hills, Culver City, Brentwood, Mar Vista, or Westwood, Doorstead's team of experts can help you manage your property and ensure it always attracts the best renters.

Doorstead's full-service West Los Angeles property management service lets you enjoy peace of mind knowing that your rental property is in good hands. Our team handles everything from tenant screening and rent collection to maintenance and repairs, so you can focus on growing your investment portfolio and generating passive income. We use data-driven insights to optimize rental pricing, minimize vacancies, and ensure your property always performs at its best. Read our recent Doorstead customer success stories with our guaranteed rent promise. 

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