In 2007 the average price for an investment property—two to four units—was approximately $952,000 ($443.00 per square foot); today the average sold price is $781,000 ($272.00 per square foot). This represents an 18 percent drop in price since 2007, but a 39 percent drop in price per square foot. In other words, investment property buyers are buying much more living/rental space for their money today than they were in 2007.http://culvercity.patch.com/articles/is-it-time-to-buy-rental-property-in-culver-city
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