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Neighborhoods
Home » Los Angeles » Los Angeles Real Estate » NeighborhoodsThere are many neighborhoods in Los Angeles that offer modestly priced homes to out-of sight expensive mansions. Many neighborhoods are gated for privacy. There are historic neighborhoods where residents fight to keep older homes from being torn down to homes on the beach and homes with beautiful views of Los Angeles.
Beverly Hills: This neighborhood is located in the western section of Los Angeles. It is almost entirely surrounded by the city of Los Angeles. The landscape architect, Wilbur Cook, designed this town with large lots for homes and wide curving streets lined with tropical trees. In 1907, the housing boom began in Beverly Hills with houses dotting the landscape. A 3-bedroom house with 2-3 bathrooms in beautiful Beverly Hills will cost the buyer around $1,400,000 and up. If you require a house with 4-5 bedrooms you will find yourself in the $2 million price range. Some 3 bedroom homes that have been updated and have a pool could cost the homeowner $3,000,000. If you desire a larger lot, landscaping and a pool, the price shoots up to 4,000,000. A 5700 square foot house built in the 50’s with 7 bathrooms can cost $8,000,000. A beautiful house with 4 bedrooms and 6 bathrooms on a 39,000 square foot lot that was built in 1978 can cost $10,000,000. It is obvious to the buyer if one desires to live in Beverly Hills, you may need to have a rather fat wallet.
Bel-Air: This neighborhood is located in west Los Angeles. It is located about 12 miles from downtown LA. Homes in Bel-Air range from modest ranch homes to mansions. The higher up the mountain the more modest the homes but homeowners gain beautiful views. The most desirable homes are right off the main entrances and gates of Bel-Air. Lower Bel-Air homes can sell for over $20.There are not many homes available in Bel-Air that you can purchase for less than $1,000,000. A small 2-bedroom, 1-bath home can be purchased between $700,000-$950,000. Million dollar homes are in more desirable locations in Bel-Air with canyon views. Homes are a bit more affordable in Bel-Air as opposed to Beverly Hills. Bel-Air homes offer a little bit more bang for your buck. A home with 6 bedrooms, 5 bathrooms with granite countertops, Italian tile, hardwood floors and 2 fireplaces can be purchased for $1,695,000. A home in the gated old area of Bel-Air with a ½ acre of grounds and pool can cost over $5,250,000. An $18,000,00 includes 8 bedrooms, 10 bathrooms, gourmet kitchen, a gym, children’s wing and a media screening room. A truly beautiful dwelling! An even more beautiful dwelling can be purchased for $30,000,000 in Old Bel-Air with golf course views. This home is 20,000 with a movie screening room, indoor spa, a gym and exercise studio. This home has all the amenities. For $53,000,000, one can purchase an estate on 3.2 acres. This home has inlaid onyx marble, 3 living rooms, guest accommodations and 5 main master suites.
Brentwood: This Los Angeles district is located in west LA. It is an area that is kept cool by breezes off of the Pacific Ocean. What is significant about Brentwood is numerous residential sub-districts including Brentwood Park, Brentwood Flats, Brentwood Heights, Brentwood Circle just to name a few. It is a desirable residential suburb. Home costs have maintained a steady increase due to desirability. Few homes in the Brentwood area are available for the somewhat more affordable cost of $500,000. If you can afford $1 million the selection increases significantly. Ranch style homes with 3 bedrooms and hardwood floors will cost the buyer $1,395,000. For $4 million an Old World Craftsmanship home with state of the art amenities can be bought for $4,395,000. As you can see the market stretches from $500,000 + in Bel-Air.
Inglewood: The average residential price for a home in Inglewood is $200,000. The population of this suburb of Los Angeles is 140,000 and is home to the Hollywood Park Racetrack, The Forum and was home to the Los Angeles Lakers, the Los Angeles Spark and Kings until 1999 when the teams moved to the Staples Center. For $995,000 in Inglewood a purchaser can buy a home with 3 bedrooms and 2600 square feet with 2.5 baths. For $400,000 one can buy a small 3 bedroom house with 1 bath. This house is on a small lot.
Santa Monica: The average home in Santa Monica is $729,000. There are 8,445 houses with the city having a population of 96,000. It is a coastal city and borders west Los Angeles. This city addresses the needs of renters, consumers and the homeless. Santa Monica homes are hot commodities. For $895,000, a buyer can purchase a small 2-bedroom home with one bath. For $1 million a homeowner can have a 2-bedroom, 2 bath home in Sunset Park. For 8,5 million, you can purchase a 6-bedroom and 7.50 bath home. Even though the average price of a home is $700,000 in Santa Monica, these are costly homes and are very costly per square foot.
Highland Park: If it is a historic home you want but want to stay in the Los Angeles area, than Highland Park is a good choice. These homes display popular architectural styles from the late 1880’s to the 1940’s including Queen Anne Victoria, Craftsman, Mission and Tudor Revival. This is interesting area to live in and is home to 66,000 people. Over the years, this neighborhood has been refurbished and is now an artistic and cultural center. Homes can be hard to come by in this historic neighborhood. Last fall there were 38 homes listed for sale. Homes range from a 540-square-foot 1922 California bungalow for $149,000 to a 4,264 square-foot home, built in 1963, for $699,000. The median price of homes has risen from 161,000 in 1990 to 254,500 in 2003.
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