| L O S A N G E L E S C A L I F O R N I A |
|
Los Angeles, often called simply L.A., is the largest city in California and the second-
largest in the United States. It is an alpha world city with a population of 3.8 million,
and spans an area that covers 498 square miles.
According to the U.S. Census Bureau, the
metropolitan area has a total area of 4,850 sq.
miles and is home to roughly 13 million people.
L.A. County ranks #1 in total population for the
entire U.S.
The economy of Los Angeles is driven by
international trade, entertainment, aerospace,
technology, petroleum, fashion, apparel, and
tourism. The city and its immediate surrounding
vicinity lead the world in producing popular entertainment — such as motion pictures,
television, and recorded music — which forms the base of Los Angeles' international fame
and global status.
largest in the United States. It is an alpha world city with a population of 3.8 million,
and spans an area that covers 498 square miles.
According to the U.S. Census Bureau, the
metropolitan area has a total area of 4,850 sq.
miles and is home to roughly 13 million people.
L.A. County ranks #1 in total population for the
entire U.S.
The economy of Los Angeles is driven by
international trade, entertainment, aerospace,
technology, petroleum, fashion, apparel, and
tourism. The city and its immediate surrounding
vicinity lead the world in producing popular entertainment — such as motion pictures,
television, and recorded music — which forms the base of Los Angeles' international fame
and global status.
The City of Angels is also the largest manufacturing center in the U.S. The contiguous
ports of Los Angeles and Long Beach together
comprise the most significant port in North America. It
is also one of the most important ports in the world
and is vital to trade within the Pacific Rim. Other
significant industries include media production,
finance, law, health and medicine, telecommunications
and transportation.
The city also sits at the crossroads of the Asia-
Pacific region. Los Angeles International Airport (LAX)
ranks as the 5th busiest passenger airport in the world
and 7th in total air cargo tonnage handled. In 2005, more than 61 million people traveled
through LAX. Often called the "Gateway to Asia," L.A. offers more flights to Asia than any
other city in the U.S. It also offers the 2nd most flights to Latin America.
ports of Los Angeles and Long Beach together
comprise the most significant port in North America. It
is also one of the most important ports in the world
and is vital to trade within the Pacific Rim. Other
significant industries include media production,
finance, law, health and medicine, telecommunications
and transportation.
The city also sits at the crossroads of the Asia-
Pacific region. Los Angeles International Airport (LAX)
ranks as the 5th busiest passenger airport in the world
and 7th in total air cargo tonnage handled. In 2005, more than 61 million people traveled
through LAX. Often called the "Gateway to Asia," L.A. offers more flights to Asia than any
other city in the U.S. It also offers the 2nd most flights to Latin America.
Much notice is given to L.A.'s ethnic diversity and its status as a cultural hub of the Pacific
Rim. People from 140 countries speaking 96
different languages call L.A. home. Latinos,
Asians and African-Americans make up more
than 66% of the city's total population. Signs in
Spanish, Korean, Filipino, Chinese, Japanese,
Armenian, and Russian are as common in
some areas of the city as English signs.
The lack of affordable housing remains a
Big issue for Los Angelenos. Less than 15% of
the population can afford to purchase a home at the median price of $550,000. Therefore,
undervalued urban neighborhoods with otherwise high-quality homes, such as Silver Lake,
Mid-Wilshire, and Baldwin Hills are becoming attractive options. *Wikipedia.com*
Rim. People from 140 countries speaking 96
different languages call L.A. home. Latinos,
Asians and African-Americans make up more
than 66% of the city's total population. Signs in
Spanish, Korean, Filipino, Chinese, Japanese,
Armenian, and Russian are as common in
some areas of the city as English signs.
The lack of affordable housing remains a
Big issue for Los Angelenos. Less than 15% of
the population can afford to purchase a home at the median price of $550,000. Therefore,
undervalued urban neighborhoods with otherwise high-quality homes, such as Silver Lake,
Mid-Wilshire, and Baldwin Hills are becoming attractive options. *Wikipedia.com*
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| M U N D Y REAL ESTATE Helping People Build Wealth One Investment at a Time |