The Santa Anita Derby Day, a major event on the Californian racing calendar, is due to take place this year on April 4th.

Those interested in California property who like horse racing may enjoy this event at the Santa Anita Race Course, which is located in Arcadia, Los Angeles.

Featuring three-year olds heading for the Kentucky Derby, the event also offers a range of entertainment and attractions for visitors.

These include a free Derby Day T-shirt, live music and a Hawaiian tropical bikini pageant.

California property may offer investors a number of opportunities to pick up bargains at present, with foreclosed homes being plentiful.

Figures from research firm RealtyTrac published this month showed that in February the state had the highest tally of repossessions, with 80,775 out of a national total of 290,631.

This represented the third highest rate out of the 50 states, with only Nevada and Arizona seeing a larger proportion of foreclosures.