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Lake Hughes

California - Los Angeles

6.2°C

Lake Hughes - Los Angeles

Lake Hughes is a privileged location not far from the daily hustle and bustle of Los Angeles. It is located in the National Forest of Angeles, in the foothills of the Sierra Pelona mountains. It is a very sparsely populated area, on July 1, 2016, there were only 676 inhabitants. Lake Hughes has a very rural and remote side of everything. That didn’t prevent them from building gigantic ranches there. Many activities are possible thanks to the various lakes that surround it, such as "Lake Elisabeth" and "Lake Munz".

Market overview

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.

Who buys?

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.

Buying basics

"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. "

Peak Season
Jun 01 - Aug 31

From June to August, summers are particularly sunny and hot because of Santa Ana, a warm and dry wind that creates heatwaves. Therefore, temperatures can sometimes reach 35 degrees.

High Season
Apr 01 - Dec 01

The period from April to November is generally one of the best periods of the year to visit Los Angeles as temperatures are pleasant. Spring is also the period with shorter visitor queues and lower prices. However, between April and May, there is a "June Gloom" phenomenon (also called "May Grey") which corresponds  to a thick fog that appears at dawn and persists until midday.

Low Season
Dec 01 - Mar 31

Thanks to a Mediterranean climate, Los Angeles has a sweet climate throughout the year. Winters are mild and slightly rainy. Temperature scarcely drop below 10 degrees during the period from December to March.

Lake Elizabeth

Lake Elizabeth is a natural lake located at 984m altitude in the National Forest of Angeles.It lies directly on the fault of San Andreas. It is a natural autonomous lake, which can undergo from time to time periods of strong drought, which lowers its level.It is part of a series of lake, with the same name as Lake Hughes and Lake Munz, which were formed by the movement of tectonic plates present along the fault. All three are part of the Northern Hydrographic Basin of the Santa Clara River.

The PRESTIGE MLS agents

Syd Leibovitch
Director
Rodeo Realty
Mark A. McLaughlin
Director
Pacific Union International
Los Angeles
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