One of the areas where inquiries about both living and investment are increasing in the San Gabriel Valley is West Covina. It is noted for its relatively accessible price range and balanced living infrastructure compared to nearby cities.

Looking at the neighborhoods, the South Hills area is the highest in West Covina, with prices ranging from $850,000 to $950,000, thanks to its proximity to golf courses. The Cameron Park area tends to trade between $750,000 and $820,000, while Northwest Covina shows a trend of transactions between $680,000 and $750,000.

In the past year, South Hills has maintained a gentle upward trend, while Northwest Covina has shown a stable appearance with a slight increase in inventory. Cameron Park is in between the two areas, giving the impression of a mild adjustment phase.

From an investment perspective, Northwest Covina stands out. Discussions about the redevelopment of West Covina Mall and plans for the improvement of nearby commercial districts suggest that long-term improvements in living infrastructure could be reflected in prices.

In terms of rental yield, the Cameron Park and Northwest Covina areas are relatively favorable. Calculating the rental levels against the sale prices shows total yields in the mid to high 3% range, while South Hills tends to have lower yields around 2% due to its higher sale prices.

However, the rising burden of property taxes and insurance unique to California is a consistently pointed-out risk. If high interest rates continue, it is also difficult to rule out the possibility of a decrease in transaction volume and a larger price adjustment.

For Korean households, the following points are worth considering:

• If prioritizing school districts and convenience, South Hills is considered a stable option.
• If considering relatively low entry costs and rental income, Northwest Covina could be an alternative.
• It is advisable to calculate the burden of property taxes and insurance before purchasing.

West Covina appears to be a market where one can expect stable living conditions and gradual value appreciation rather than dramatic price gains.