California
Innovation, Diversity, and High-Demand Housing Markets
California remains one of the most dynamic and complex rental housing markets in the U.S. With powerful regional economies, world-class institutions, and consistent demand from a diverse renter base, the state presents both unique challenges and exceptional opportunities for Summerfield Property Management.
From the urban cores of Los Angeles and the Bay Area to growth markets like Sacramento, Riverside, and Bakersfield, we deliver property management strategies that align with local regulations, tenant expectations, and long-term investor goals.
What we love about California
California is home to the world’s fifth-largest economy, driven by industry-leading sectors including technology, entertainment, healthcare, logistics, and education. Silicon Valley anchors the global tech industry, while Los Angeles serves as a hub for media, transportation, and advanced manufacturing.
Major employers such as Kaiser Permanente, Stanford University, Cedars-Sinai, Apple, Google, Amazon, and Tesla continue to attract and retain a high-skilled workforce. The University of California and California State University systems further contribute to the state’s innovation pipeline and sustained rental demand near campuses.
Despite regulatory complexities, California’s long-term housing fundamentals remain strong. Persistent supply constraints, high barriers to entry, and a steady stream of new residents—particularly in job-rich and sunbelt-adjacent metros—fuel demand for rental housing across asset classes.
At a Glance
Population Growth
Localized growth in job-driven metros despite broader out-migration trends
Average Income
Among the highest household incomes in the country, especially in tech and healthcare markets
Number of Properties
Active presence in Northern and Southern California, with assets in both coastal and inland markets
Management Approach
Regulatory-compliant, data-driven management designed for rent-controlled and high-demand markets
Market Insights
California’s rental housing markets vary widely by region. The Bay Area and Los Angeles remain high-demand, high-barrier environments where experienced management is essential for compliance and NOI performance.
Rent control, affordability mandates, and environmental regulation make operational expertise a critical differentiator. Summerfield Property Management specializes in navigating these constraints while delivering quality housing and strong financial results.
2024 Q4
37,854,547
2025 Q4
38,014,848
2026 Q4
38,120,198
2027 Q4
38,201,831
2028 Q4
38,284,988
2029 Q4
38,386,192
2030 Q4
38,504,526
2031 Q4
38,641,394
2032 Q4
38,779,545
2033 Q4
38,917,362
2034 Q4
39,054,569
Challenges
Regulatory Complexity
Strict statewide and local rent control, eviction laws, and tenant protections
Cost Pressures
High labor, insurance, and compliance costs impacting operating margins
New Development Constraints
Zoning, permitting, and CEQA regulations limit supply in high-demand areas
Looking Ahead
California’s economy is projected to grow steadily over the next decade, with significant expansion expected in green energy, biotech, logistics, and healthcare. While affordability and regulation remain top challenges, the demand for rental housing, especially in well-managed, strategically located properties, will continue to drive long-term investment appeal.
From repositioning stabilized assets in San Diego to executing value-add strategies in Sacramento and the Central Valley, our teams deliver results backed by deep local market understanding.
Local Presence,
Regional Expertise
Our California operations are supported by dedicated on-the-ground teams throughout the state, coordinated with leadership oversight from our West Coast management group.
Ready to Learn More?
Let’s talk about how we manage better in California.
