According to the California Department of Finance, around 67,000 people moved to The Golden State, many of whom made Beverly Hills their new home.
Learning about up-and-coming neighborhoods in 90210 will help you make better financial decisions. But with so much information online, it can feel overwhelming knowing which ones are worthwhile.
Sounds like your situation? Luckily, we've compiled a list for you. Here's everything to know about real estate investing in Beverly Hills.
Beverly Hills Flats
Investors interested in buying property in Beverly Hills should consider the Flats. Deemed the most prestigious neighborhood in B.H., buyers can choose from spacious plots and luxurious accommodations.
Because Beverly Hills Flats has such a glowing reputation, investors are sure to attract renters to their property.
Trousdale Estates
Trousdale Estates is a powerhouse in the Beverly Hills real estate market. Sitting atop the famous hills, Trousdale Estates offers residents sweeping views of Los Angeles. This part of Beverly Hills is synonymous with mansions and luxury properties, which could be attractive to wealthier investors.
Mulholland Estates
One of the top Beverly Hills property investments is Mulholland Estates. Known for its security, investors and tenants get peace of mind knowing that the accommodation is in safe hands. Aside from being popular with celebrities, Mulholland Estates is located near Beverly Hills' main amenities and attractions, making it a practical solution for professionals and families.
Beverly Hills Gateway
Located at the bottom of the Santa Monica Mountains, Beverly Hills Gateway gives residents the best of both city and country life. Residents love that they can escape the hustle and bustle of L.A. without leaving it too far behind. Because of this, investing in Beverly Hills Gateway has become one of the top investment strategies as you're guaranteed a steady occupancy rate.
Golden Triangle
The Golden Triangle boasts luxury apartments and properties near the famous shopping area. Because of its proximity to amenities, investors will attract tenants who are interested in the finer things in life. This means that you can charge between $2,800 to $4,000, depending on the accommodation.
Roxbury Park
Investors who want healthy real estate investment returns should check out Roxbury Park. It's the perfect spot for tenants who want to embrace suburban living and green spaces. Roxbury Park is the go-to neighborhood for families, thanks to great schools, and its easy access to Beverly Drive, packed with premium eateries and boutiques.
Hancock Park
Although it's not in Beverly Hills, Hancock Park is close enough for residents to enjoy both areas. Hancock Park is famous for its historic charm and spacious lots that tenants love. Plus, there is construction where similar properties are being built to maintain the charming aesthetic.
Best Neighborhoods for Real Estate Investing in Beverly Hills
Now that you know the top areas for real estate investing, it's time to see which neighborhoods best align with your budget. The key is to figure out your dream tenant so you can appeal to them.
At Beverly Hills Property Management Inc., we have years of experience working with investors to find the right rental unit. If you're interested in the Beverly Hills area, we'd love to hear from you. Contact us here to speak with a representative.
