Best Places To Buy A Home In Los Angeles
Los Angeles has been one of the nation’s most expensive cities for a while now. As everything is very costly here including the high real estate costs. But this doesn’t stop people from buying houses in Los Angeles. So come move there using your moving company in Los Angeles. There are no longer exponential increases in the prices but it still comes in the range of $799,000 to $1,499,000. The best places to buy a home in Los Angeles are mentioned below.
Inglewood is located in the southwest of Los Angeles county. While it isn’t known for its safety, it has been recently having an increase in the price of real estate. With an average price of around $500,000. The population of Inglewood is mostly Black and Hispanic. They expect home values to increase by 16% in the next year. The construction of the Inglewood football stadium is almost done which is going to be the most expensive stadium till now.
El Sereno is located in the North East of Downtown Los Angeles. With a population consisting mostly of the Hispanic community. It is surrounded by Highland Park and Pasadena. El Sereno has many historic buildings as one of Los Angeles’s first settled areas. It is mainly designed for single-family homes and small apartment buildings. It is located in a hilly area with an amazing view. A normal 3 bedrooms 3 bathroom house costs around $650,000 here. Overall the sales have gone up for real estate in this area and are expected to go higher.
As one of the oldest neighborhoods in Los Angeles, Lincoln Heights has the Los Angeles River to its west and uneven terrain to the east. The prices in this neighborhood can go anywhere from $300,00 to $850,000. It mainly consists of the Hispanic community. There are several different public schools available for children in this neighborhood. Given its history, there are several different sites which you can go to visit whenever you like. Surrounded by several different cities traveling between them makes it easy.
Cypress Park is one of the most densely populated neighborhoods in Los Angeles. With the Los Angeles river flowing to the northeast. The Prices in Cypress park can go anywhere from $489,000 to $1.2M. Cypress Park is undergoing rapid gentrification which is likely going to increase the prices and the sales of the houses. In 2019 itself there were 25 sales with an average of $650,000. It is a nice and calm place to live with many parks to go take walks in.
Silver Lake is known as the hipster capital of Los Angeles. The neighborhood is quite safe compared to others and is very close to downtown Los Angeles. Very close to Sunset Blvd and a majority of the popular malls, cafes, and restaurants. Silver Lake has grown a lot costlier compared to before though as homes here currently go from $500,000 to $6M. Silver lake is a nice place to move to for both a family and if you are looking for a job. If you ever get bored you can always go out there and explore the nightlife.
Ladera Heights is on the West in Los Angeles bordered by different cities all around. It is a pretty simple place with a few shopping malls and recreation activities to do. It is also located near areas like Santa Monica and West LA but still not as costly as them. The Houses here cost an average of $1M which is worth it. Also, the sales for the houses here have exponentially increased as of last year. Ladera Heights is located on a hillside providing its homes with an amazing view from above.
Malibu beach is one of the costliest places to live in Los Angeles but the location and view are amazing from this location. It is one of the best places to buy a home in Los Angeles as the house is located right on the beach. The sales of this area are always on the rise and the prices keep on increasing. As a home in Malibu beach is worth around $14M. You can expect the value to just keep increasing from there.
Downtown Los Angeles
Downtown Los Angeles is a very well-known location and due to the increase in population people have been moving to and from this city. This made the sales value and average prices of the homes also increase by a lot. If you are looking to buy a home in this area you should expect an average of $500,000. There are more affordable condos that are available within the city.
Highland Park is located in the northeast of Los Angeles. It is one of the most desired spots in Los Angeles mainly for its local culture and affordability. The neighborhood and residents are very protective of their community and architecture. Though it has been undergoing gentrification and we see more trendy shops and restaurants. The price for homes has rapidly increased as now home here goes for around $800,000. This is still a location worth buying a house in as the value will most likely increase with time.
Mid-City is the perfect place to buy a house as it is located right in the center of Los Angeles. Everything is just a short drive away. You can go to Hollywood, Downtown, or the beach anytime you want. Depending on what kind of house you are looking for the prices may vary. It is a very peaceful and quiet neighborhood sure to give your money’s worth. The houses over here can range from anywhere between $500,000 to $1M. Mid City is one of the best places to buy a home in Los Angeles.