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Annual Airbnb Revenue in Monterey park california, USA

Last updated on May 24th, 2024

Monterey Park, California| Airbnb Market Data & Overview | USA

Monterey Park, California
Airbnb Market Data & Overview
USA

Is it profitable to do Airbnb in Monterey Park, California, USA?

What is the occupancy rate of Airbnb in Monterey Park, California, USA?

What is the average daily rate of Airbnb in Monterey Park, California, USA?

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Monterey Park, California, USA Airbnb Data

Last updated on: 15th May, 2024

USA / California / Monterey Park, California
Investing in a short-term rental can be highly stable and profitable. It’s stable because housing has been one of the most stable asset classes. Also, when you can’t do an Airbnb anymore, you can still rent it out to a long-term tenant with a lower yield. It is highly profitable because the monthly cash flow from short-term rentals typically is double the amount of traditional rentals.
The true profit from home investing comes from capital appreciation and cash flow from your rental. Between 1850 and 2015, globally, the average home value appreciated at 5.5% annually. If your short-term rental yields 3% of your total initial investment, your investment’s annual return is 8.5% before taxes are considered.
Without further ado, let’s see if Monterey Park, California is good for Airbnb.
Occupancy Rate

69%

$115

Daily Rate

$28K+

Revenue (2023)

4.5%

Net Yield

289

Number of Listings

Is Airbnb Profitable in Monterey Park, California ?

No, it’s not profitable to Airbnb because the average net rental yield for a one-bedroom property is 4.5%.
The national median net short-term rental yield is 5.4% in the USA. For more context, a traditional rental can typically yield 2-4% if you don’t have to pay a mortgage interest. A typical 1 bedroom listing in Monterey Park, California is booked for 266 nights a year, with a median occupancy rate of 73% and an average daily rate of $134. In Monterey Park, California, A typical host income (annual revenue) was $31,623 in 2023.

Best Areas in Monterey Park for Airbnb

Are you wondering where to invest in Monterey Park? Look no further! Here are 10 areas travelers often search for. You can find the short-term rental statistics of all of these neighborhoods from Airbtics! Check out which neighborhood has the highest rental demand. 🚀
  1. Los Angeles Chinatown
  2. Hollywood Walk of Fame
  3. Santa Monica Pier
  4. Disneyland Park
  5. Griffith Observatory
  6. Rodeo Drive
  7. Venice Beach
  8. The Getty Center
  9. Universal Studios Hollywood
  10. Natural History Museum of Los Angeles County
Okay, you might wonder about more specific data. For example, how much can an average listing with 2 bedrooms and a pool make? Or, what is the seasonality in booking? When is the peak month?
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