Holmby Hills is a neighbourhood in Los Angeles that makes the golden triangle with the neighbourhoods of Bel Air and Beverly Hills. These exclusive neighbourhoods are considered the most expensive in Los Angeles.
The development of this neighborhood is due to the ambition of a millionaire of the time, Arthut Letts, who wanted to make it a privileged and unique quarter.
Today, a large number of properties have been built and most of them guarantee magnificent panoramic views of the Los Angeles basin.
Many celebrities have made their residences, including the big names in the film industry and television.
The American real estate market has suffered from an important crisis, due to seizure of properties. This phenomenon had a huge consequence on prices, which plummeted. Therefore, investing in a property in L.A. is currently a safe investment and is interesting as the market benefits from favorable conditions.
Besides, the American population is mobile and often changes its accommodations. The law is particularly secured for financial backers and the American system is based on MLS (Multiple Listing System) which gathers all properties on sale, which is a guaranty of ease to find one.
Thanks to a nice economic expansion, Los Angeles enjoys a large and diversified property portfolio with competitive prices for a city such vibrant, enormous and sunny. All in all, this area is a real heaven for owners and real estate investors.
Thanks to its multicultural aspects, Los Angeles is a global city which constantly attracts show business celebrities, fashion leaders, wealthy tourists as well as powerful financial people who are looking for an upscale quality of life, in a magnificent green oasis where are gathered culture, entertainment, glamor and leading-edge technology.
"Before any investment, the potential buyer will have to contact a professional of the real estate sector. The latter will need his client's passport and other administrative and bank documents to testify his identity and his solvency. The buying process is really fast (around one month). You do not need to have the American citizenship nor the famous Green card but you are required to provide a social security number (SSN), which is obligatory to fill in the tax return (that is only $100 for a property).
Besides, it is highly recommended to purchase an insurance regarding the ownership title in order to be secured in case of potential recording error. "
The second most populous city in the US, Los Angeles is spread over a very diversified geographical area. Mainly a desert basin, the area is surrounded by the San Gabriel Mountains and divided by the Santa Monica Mountains.
The climate of Southern California has often been described as ""perfect"" and for good reasons. Most days are sunny and warm, with delicious ocean breezes in summer. Moisture is low with little rain. In fact, there are no unpleasant seasons in Los Angeles.
Los Angeles is considered the cultural capital of the United States, and has more museums and theaters than any other city in the United States. Moreover, the city is known for its many tourist attractions among which is the bes...
