Los Angeles, CA Office
Los Angeles, CA
Los Angeles County contains 88 incorporated cities
California is the third state to pass statewide rent control laws.
A report from rentcafe.com recently listed the 50 most expensive zip codes in the US, six of which are in Los Angeles County. The most expensive in LA is 90024, Westwood, where rental units average $4,944 a month.
In LA County, approximately 58% of low-income households pay more than 30% of their monthly income on rent.
Los Angeles and TechniSoil are currently working together on a project that turns recycled plastic bags and bottles into pavement for roads. The new method, set to pilot on First Street at Grand Ave downtown, is expected to reduce production costs by 25%, in addition to reduced emissions and time. The plastic-infused roads will be faster to construct and more durable than standard materials.
Per lacounty.gov, if Los Angeles County were a nation, it would have the 19th largest economy in the world. Over 244,000 businesses are located there.
Over 40% of inbound containerized freight is brought in through Los Angeles County. It is home to one of the two largest sea ports in the Western hemisphere, with trade values in excess of $400 billion.
The entertainment and creative economy in Los Angeles County employs over 400,000 people, and generates over $38.8 billion in total income.
USC, UCLA, and Caltech all have campuses in Los Angeles.
As of Q3 2019, funding for startups hit $825 billion.
The 50 wealthiest people in Los Angeles have a cumulative $221 billion estimated. As of September 2019, Elon Musk topped the list.
Los Angeles County is the most populous county in the US, with more than 10 million residents (as of 2018). The City of Los Angeles, which began in 1781 with 44 original settlers, is currently the second most populous city and metropolitan area in the US.