Los Angeles ranks No. 5 nationally in return on investment for long-term homeowners
The typical Los Angeles home seller made $200,000 on the sale of a home in 2016, according to a study from Zillow. (Jay L. Clendenin / Los Angeles Times)
Los Angeles homeowners who sold last year after holding on to their homes for a long period of time saw sizable returns on their investments.
The typical Los Angeles home seller made $200,000 on the sale of a home in 2016 after owning it for a median period of nine years and eight months, according to a Zillow study released this month.