Where are house investors most active in California?

Investors own 17% of California's houses and townhomes, totaling 1.28 million properties. Los Angeles County leads with 179,294 investor-owned homes, followed by San Bernardino and Riverside. Remote counties like Sierra and Mono have the highest investor ownership share, often vacation homes. From 2020 to 2025, investors purchased 471,500 homes statewide, spending $413 billion, with the highest prices in Bay Area counties and the largest spending in Los Angeles.