HomeUnion Identifies the Most Expensive Zip Codes for Home Rentals in Los Angeles

Northern Santa Monica rents average $8,500 a month

LA_Rents_HomeUnion

IRVINE, Calif., April 21, 2016 – HomeUnion, an online real estate investment management firm enabling value investing in residential properties, has released new data on the most expensive investment home rental markets in Los Angeles County. According to HomeUnion’s research, homes in coastal communities and in northern L.A. have the highest monthly rents.

“California led the nation in employment growth last year, and Los Angeles created the most new jobs in the state, encouraging residents to form new households,” says Steve Hovland, director of research for HomeUnion. “This stellar job growth helped tighten vacancy and encouraged home purchases in 2015, severely limiting both for-sale and rental inventory. As the number of available homes remains low, L.A. property managers are pushing up monthly rental rates.”

With average rents of $8,500 per month, northern Santa Monica surpassed all other coastal communities, as well as the traditionally pricey submarkets of Bel Air and Beverly Hills.

Here’s a list of the top 15 most expensive rental markets in Los Angeles County:

ZIP CODE LOS ANGELES SUBMARKET Q1 2016 RENTS
90402 Northern Santa Monica $8,500
90077 Bel Air, Beverly Glen $8,200
90272 Pacific Palisades $7,700
90263 Malibu, Malibu Bluffs $7,100
90266 Manhattan Beach $7,000
90210 Beverly Hills $6,660
90265 Malibu $6,300
90049 Brentwood $6,300
90212 Beverly Hills $5,500
90274 Palos Verdes Peninsula $5,300
90211 Beverly Hills $5,300
90056 Ladera Heights $5,200
91011 La Canada Flintridge $5,200
90068 Hollywood Hills, Los Feliz $5,000
90403 Central Santa Monica $5,000

About HomeUnion

HomeUnion is an online real estate investment management firm, bringing value investing to the individual investor in residential properties.  Based in Irvine, Calif., it provides all the services needed for individuals to invest remotely in SFR properties. The company uses a combination of data-driven proprietary analytics to incorporate over 120M homes and 200,000 neighborhoods into their database, and then delivers its solutions to an on-the-ground infrastructure that currently serves 21 locations. HomeUnion’s role spans the lifecycle of the investment transaction: from identifying sound investments; handling all aspects of acquisition; maximizing income; protecting asset value; and selling it when the time comes.

Media Contact:

Stacey Corso

stacey.corso@homeunion.com

415.672.6460

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