Condos in Los Angeles, California

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California is a state in the Pacific Region of the United States. With 39.5 million residents across a total area of about 163,696 square miles (423,970 km2), California is the most populous U.S. state and the third-largest by area. The state capital is Sacramento. The Greater Los Angeles Area and the San Francisco Bay Area are the nation's second- and fifth-most populous urban regions, with 18.7 million and 9.7 million residents respectively. Los Angeles is California's most populous city, and the country's second-most populous, after New York City. California also has the nation's most populous county, Los Angeles County, and its largest county by area, San Bernardino County. The City and County of San Francisco is both the country's second most densely populated major city after New York City and the fifth most densely populated county, behind only four of the five New York City boroughs. California's economy, with a gross state product of $3.0 trillion, is the largest sub-national economy in the world. If it were a country, California would be the fifth-largest economy in the world (larger than the United Kingdom, France, or India), and the 37th-most populous as of 2020. The Greater Los Angeles Area and the San Francisco Bay Area are the nation's second- and third-largest urban economies ($1.3 trillion and $1.0 trillion respectively as of 2018), after the New York metropolitan area. The San Francisco Bay Area PSA had the nation's highest gross domestic product per capita in 2018 ($106,757) among large primary statistical areas, and is home to three of the world's ten largest companies by market capitalization and three of the world's ten richest people.California culture is considered a global trendsetter in popular culture, communication, information, innovation, environmentalism, economics, politics, and entertainment. As a result of the state's diversity and migration, California integrates foods, languages, and traditions from other areas across the country and around the globe. It is considered the origin of the American film industry, the hippie counterculture, fast food, beach and car culture, the Internet, and the personal computer, among others. The San Francisco Bay Area and the Greater Los Angeles Area are widely seen as centers of the global technology and entertainment industries, respectively. California's economy is very diverse: 58% of it is based on finance, government, real estate services, technology, and professional, scientific, and technical business services. Although it accounts for only 1.5% of the state's economy, California's agriculture industry has the highest output of any U.S. state.California shares a border with Oregon to the north, Nevada and Arizona to the east, and the Mexican state of Baja California to the south. The state's diverse geography ranges from the Pacific Coast in the west to the Sierra Nevada mountain range in the east, and from the redwood and Douglas fir forests in the northwest to the Mojave Desert in the southeast. The Central Valley, a major agricultural area, dominates the state's center. Although California is well-known for its warm Mediterranean climate, the large size of the state results in climates that vary from moist temperate rainforest in the north to arid desert in the interior, as well as snowy alpine in the mountains. Over time, drought and wildfires have become more frequent.What is now California was first settled by various Native Californian tribes before being explored by a number of European expeditions during the 16th and 17th centuries. The Spanish Empire then claimed and conquered it. In 1804 it was included in Alta California province, within Spanish New Spain Viceroyalty. The area became a part of Mexico in 1821 following its successful war for independence but was ceded to the United States in 1848 after the Mexican–American War. The western portion of Alta California was then organized and admitted as the 31st state on September 9, 1850. The California Gold Rush starting in 1848 led to dramatic social and demographic changes, with large-scale emigration from the east and abroad with an accompanying economic boom.

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A condominium, usually shortened to condo, is a type of real estate divided into several units that are each separately owned, surrounded by common areas jointly owned. Residential condominiums are frequently constructed as apartment buildings, but there has been an increase in the number of "detached condominiums", which look like single-family homes but in which the yards, building exteriors, and streets are jointly owned and jointly maintained by a community association. Unlike apartments, which are leased by their tenants, condominium units are owned outright. Additionally, the owners of the individual units also collectively own the common areas of the property, such as hallways, walkways, laundry rooms, etc.; as well as common utilities and amenities, such as the HVAC system, elevators, and so on. Many shopping malls are industrial condominia in which the individual retail and office spaces are owned by the businesses that occupy them while the common areas of the mall are collectively owned by all the business entities that own the individual spaces.

Source: https://en.wikipedia.org/