Ocean Development, Inc. (“ODI”) is a full service real estate development company, which develops, constructs, owns, and sells residential housing units. Its sister company, Ocean Properties, Inc., offers full service management to over 700 units consisting of over 300 properties in the south Los Angeles area. Our mission is to provide the highest quality of affordable homes and duplexes in the south L.A. area. Our management and staff are highly qualified in the real estate investing and property management arena with more than 100 years of collective experience.
What We Do
All of our managed properties are located in south Los Angeles and have been developed with the highest quality seen in the area. We have a proven track record of identifying and completing successful long term projects. In the past two years, ODI has developed and sold over $80 million of single family and duplex residences in south Los Angeles, which is impressive given the depressed times of new development. Most of these properties are managed by ODI’s sister company, Ocean Properties, Inc. Our current managed properties consist of four- and five-bedroom duplexes that qualify under the Housing and Urban Development’s (“HUD”) Section 8 program. To learn more about this program, go to hacla.org/section8.
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LA Times April, 2012:
“The average Los Angeles County rent is predicted to soar nearly 10% over the next two years, leading a resurgence of the costly Southland apartment lifestyle."
“Many factors make this a great time to invest. Mortgage rates are at a 40-year low, and homes in many areas are ultra-cheap. Meanwhile, demand for rentals has risen in more than 500 cities, according to recent Census data."