Which Is The Best Neighborhood In Los Angeles For Your First Home? Top 10 Neighborhoods
Are you looking for opportunities to invest in Los Angeles? Why not! After all, the city successfully offers a friendly neighborhood and other amenities that may suit your lifestyle.
Los Angeles is known for Hollywood and expensive housing, though San Francisco is worse regarding housing costs.
On the other hand, all real estate is local, and property prices can vary wildly from neighborhood to neighborhood. This is also why you could find neighborhoods in Los Angeles where you can afford to buy a home.
Here are the best neighborhoods in Los Angeles for buying your first home. Whether you are a family person looking for areas with great schools or seeking a vibrant nightscape, we have everything covered for you.
We have presented great insight into LA’s current real estate market, along with the latest trends. These will help you make informed decisions when buying your first home.
So, let’s learn about the best neighborhoods in Los Angeles.
Which Is The Best Neighborhood In Los Angeles For Your First Home?
So, which is the best neighborhood in Los Angeles for your first home? Let’s check out the 10 best neighborhoods in LA.
1. El Sereno:
The average home in Los Angeles costs around 850K. The average home in El Sereno is roughly 200K less. The median price of El Sereno homes is 660K.
The housing market is somewhat competitive, but you won’t get caught up in a bidding war. Homes tend to go for five to ten percent more than their list price. The hottest homes here sell for ten to fifteen percent over their list price.
2. Echo Park:
Echo Park has the honor of being on the list of the best LA neighborhoods. It is a quiet suburban neighborhood within easy reach of downtown Los Angeles. There are tiny starter homes mixed in with apartments and condos.
This means that although the average home sells for nearly a million dollars, you can find condos and smaller older homes at a price you can afford. And you’re near the massive Elysian Park as well as next to the namesake Echo Park.
3. Lincoln Heights:
The average home in Lincoln Heights sells for a little over 700,000 dollars. This is more than 100K less than the median home price in Los Angeles.
This area gets points for being close to the arts district and the fashion district. You’re also within easy commuting distance of the civic center and downtown LA.
4. Encino:
Encino is a suburb of Los Angeles rather than a neighborhood in Los Angeles. It gets points for being one of the safest LA suburbs.
The median home price in Encino is roughly 750K. That makes it approximately 100K less than the average home in LA, and you’ll feel comfortable letting your kids play outside.
It offers shopping and retail, but you’re also close to greenspaces like Lake Balboa and Westridge-Canyon Back Wilderness Park. You’re a few miles west of North Hollywood and Universal Studios Hollywood. Residents have access to Highway 101 and Highway 405.
5. Los Feliz, Los Angeles:
This neighborhood is named Los Feliz Boulevard. It is northwest of the Silver Lake area. Los Feliz borders Hollywood. Griffith Park is just north of Los Feliz and encompasses part of the Santa Monica Mountains.
This neighborhood is more than a century old, and it is one of the densest parts of LA. While the neighborhood is dominated by apartments and condos, duplexes and larger detached single-family homes are available in the area.
6. Playa Vista, Los Angeles:
The average home in this neighborhood costs roughly a million dollars. While that is higher than the average cost of a house in LA, it is a relative bargain compared to Silicon Valley. And that’s a reasonable comparison to make given that this neighborhood is close to the rapidly growing Silicon Beach area.
7. Studio City:
While talking about the neighborhood of Los Angeles, there is one place that we must mention, and that is Studio City. The area is closer to all the major studios and entertainment joints.
The area of Studio City has a lot to offer. It has a vibrant community, excellent schools, and, most importantly, some family-friendly amenities. Other than that, the neighborhood is also famous for having beautiful parks and recreational areas.
These features make it a perfect space for families to enjoy quality time outdoors.
8. West Hollywood:
West Hollywood is primarily popular among young professionals. This area is famous for its energetic nightlife and chic restaurants.
The area is in the center, which is why it provides significant access to the other parts of the city. The location also makes it convenient for those who specifically work in various industries.
Other than these, the neighborhood has been famous for hosting events and festivals throughout the years. So, if you are planning to buy your first home in West Hollywood, it might offer you plenty of opportunities to socialize and create a great network.
9. Culver City:
Culver City is another neighborhood that offers affordable housing options for you. The prices are comparatively lower than in the other parts of Los Angeles. Culver City is on the west side.
Culver City offers a mix of different entertainment hubs, commercial areas, and residential areas. Other than that, living in Culver City can help you experience a lot.
For example, you can enjoy vibrant scenery, dining options, and excellent proximity to various employment opportunities.
While Culver City is affordable for you to live in, the convenient location also makes it famous for first-time buyers. Moreover, you can get support from both commercial and real estate service providers.
10. Beverly Hills
Who hasn’t heard of Beverly Hills? I bet all the Pretty Woman enthusiasts (like me!) know how mesmerizing and luxurious the place looks. The neighborhood offers an excellent opportunity for upscale shopping, elegant residences, and fine dining.
Moreover, the neighborhood is located very close to Hollywood, and many industrial players live there. This is what makes the area attractive for celebrities and individuals with high net worth.
Beverly Hills offers a perfect luxurious neighborhood for high-end buyers who are planning to buy their first home in Los Angeles.
Ready To Shift?
I know! Choosing the best neighborhood and buying your first house in Los Angeles can be an overwhelming experience for all. Especially when the city is vast, and there are plenty of options to choose from.
But once you understand your needs, whether it is safety or schools, you will be able to narrow down your choices and find “The One.”
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