Investing in the Heart of Entertainment: Buying Property in Los Angeles
By Brad Greiner, CEO of OpenAiRE Brokerage and Open Air Homes
The City of Angels, Los Angeles, has long captured the imagination of people around the globe. It is a city where dreams come to life, home to iconic Hollywood, stunning beaches, vibrant arts scenes, and some of the most desirable real estate in the world. For OpenAiRE, our love story with Los Angeles real estate began in the heart of this captivating city, in the Hollywood Hills.
Hollywood Hills: The Genesis of OpenAiRE
OpenAiRE was born in the enchanting landscape of the Hollywood Hills, a testament to the beauty and charm of this real estate market. The homes here are as illustrious as the neighborhood’s residents, boasting stunning architecture, modern amenities, and breathtaking views. This unique blend of glamour, history, and natural beauty makes Hollywood Hills one of the most sought-after places to live in Los Angeles.
Our founder, Brad Greiner, was captivated by the unique allure of the Hollywood Hills. It was here that he laid the foundation for OpenAiRE, building a business rooted in a deep love for this market and a commitment to helping others find their dream homes.
Venice Beach: A Vibrant, Creative Community
From the Hollywood Hills, OpenAiRE expanded its footprint to Venice Beach. Our founder ventured into property development in this vibrant, creative community, known for its bohemian spirit, lively boardwalk, and gorgeous beach properties.
Venice Beach is a community like no other. Its eclectic charm, coupled with the breathtaking beauty of the homes, makes it a highly desirable market for potential buyers. With deep roots in Venice Beach, the OpenAiRE team brings unparalleled knowledge and experience to the table, perfectly positioned to help buyers navigate this unique market.
Expanding Our Reach: Malibu, Redondo Beach, and Mar Vista
Building on our success in the Hollywood Hills and Venice Beach, we expanded our scope to other appealing communities across Los Angeles. Malibu, known for its celebrity homes and pristine beaches; Redondo, a picturesque coastal city; and Mar Vista, a community known for its tranquil suburban charm, are all markets we’ve come to appreciate and serve.
Regulatory Considerations: Manhattan Beach, West Hollywood, and Santa Monica
When considering an investment in cities like Manhattan Beach, West Hollywood, and Santa Monica, it’s important to be aware of the local regulations that impact property use. These cities have strict regulations against short-term rentals, with properties only available for rent on 30+ day terms.
While this might limit the potential for immediate rental income, it should not deter prospective buyers. These areas still offer great value, with excellent potential for long-term growth, and the lifestyle benefits of living in these vibrant communities cannot be overstated.
Our sister company, Open Air Homes, also specializes in Month+ exclusive rentals. A significant portion of their portfolio is only available for rent for over 30 days, and a number of our homeowners choose this path out of convenience, regulatory concerns, or because they want less turnover traffic in their homes. Open Air Homes specialize in vetting guests and ensuring they will respect the community, so whether you choose to go with a medium-term or short-term rental route, they can help. Our agents at OpenAiRE will also recommend a number of other great property management companies!
OpenAiRE: Your Guide to Los Angeles Real Estate
The OpenAiRE team of knowledgeable agents stands ready to guide you on your journey to finding your dream home in Los Angeles. Our roots in this city, combined with our deep understanding of its diverse real estate markets, make us uniquely positioned to offer valuable advice and insights.
We understand that buying a home in Los Angeles is more than just a financial decision; it’s a lifestyle choice. It’s about finding a place where you can live your dreams, whether that’s waking up to a stunning view of the Hollywood Hills, enjoying the vibrant life of Venice Beach, or immersing yourself in the creative buzz of West Hollywood.
Los Angeles is a city of dreamers and doers, and the real estate market here reflects that spirit. As we delve deeper into the specifics of buying property in Greater Los Angeles, we invite you to join us in exploring these dynamic markets and making informed decisions about your investment in this beautiful region.
Stay tuned as we continue to unravel the intricacies of buying and owning a property in Los Angeles and beyond.
*Stay tuned for Part 3: The Charm of the Desert – Investing in Greater Palm Springs*