The apartment market in the Ventura Corridor community is showing steady demand after the higher vacancies last year. 4.9% average vacancy, down from 6.3% last year. Average sale price per unit is $345,652 per unit. Apartment rents are forecast to grow steadily through 2025. The area’s median age of residents is near 40, about a third have college degrees and the average household income is $70,000. Nearly 92% of apartments are owned by private owners, 89% of which are local owners. Los Angeles continues to be a great market for investors. For real estate related inquiries, please contact us.
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