Real Estate Investing in La Palma, California (90623)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 90623 (La Palma, CA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 25.7 — hard to cash-flow at these prices.
What’s happening in La Palma, CA (90623)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 90623 La Palma
Not every below-median market is a bargain. La Palma's 90623 ZIP shows signals that favor experienced operators who can absorb the risk $1.2M pricing implies.
For an experienced owner, 90623 can be a a strong candidate for hunting ground — but the discount at $1.2M reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 90623 among CA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 90623 ZIP's population of 15,369 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that clocks in at the need for careful underwriting.
New investors are better served looking at La Palma's stable or hybrid ZIPs before stepping into 90623. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in La Palma:
Property Strategy for 90623
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $616,449 | $2,960 | 3.5% | +7.3% | $308,224 |
| 3BR | $1,011,988 | $4,020 | 2.9% | +7.8% | $337,329 |
| 4BR | $1,202,899 | $4,790 | 2.9% | +8.1% | $300,725 |
| 5BR | $1,261,911 | — | — | +7.4% | $252,382 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 90623 Compare?
| Metric | 90623 | La Palma | Los Angeles-Long Beach-Anaheim, CA | California |
|---|---|---|---|---|
| Home Value | $1,208,683 | $1,208,683 | N/A | $761,003 |
| 5-Year CAGR | 6.7% | 6.7% | N/A | 5.7% |
| Avg Rent | $3,925 | $3,925 | N/A | - |
| Cap Rate | 2.5% | 2.5% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 90623 (La Palma, CA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 90623 (La Palma, CA)?
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Property managers serving Orange County
Manage rentals here? List your business →Action Property Management is an HOA management company serving various community types including large scale, high rise, new development, condos, and hotel residential. summary from their website
Affinity Property Management, Inc. provides world-class service in property management, adapting to client needs and offering solutions for owners and tenants. summary from their website
Aperto Property Management, Inc. aims to maximize real estate asset value and achieve investment goals through vision, professionalism, and personal service. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $1,208,683 |
| Monthly Rent | $3,925 |
| Price-to-Rent | 25.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.9% |
| Cap Rate | 2.5% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +5.2% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.5%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 90623
Population: 15,369
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 90623
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Hope
Tracy (Wilbur) High (Continuation)
Aloha Elementary
Buena Park Middle
Fedde (Pharis F.) Middle
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 3,794 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the typical home price in La Palma, CA?
La Palma, CA median home values land near $1.2M. That is reasonable territory for investors looking at $3,925/mo-per-month rentals.
What approach is best for La Palma, CA real estate?
Most investors in La Palma, CA run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
How quickly do rentals get leased in La Palma, CA?
La Palma, CA vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What is it like being a landlord in La Palma, CA?
La Palma, CA operates under CA law, which is tenant-protective overall for landlords. Expect stable treatment in typical lease and eviction cases.
Is the tenant base reliable in La Palma, CA?
Working renters make up the core of the La Palma, CA tenant base. The pool is reasonable for investors targeting long-term holds.
You know 90623 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 90623 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 90623 ranks in Los Angeles-Long Beach-Anaheim, CA
Every ZIP in this metro, ranked. Free.
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