I enjoyed the part where your eyes looked far away while you were having a nostalgic moment thinking about the drive by shootings of Inglewood past!! Some things are just too sentimental for u Daniel!
I live just south of the Ramona Burleigh tract and would love to purchase in that area but I haven’t seen anything below 700k. Hawthorne is really booming although there are definitely still parts I wouldn’t want to live in. There are a lot of renters in Hawthorne too. I have my eyes on Lawndale and Gardena as Hawthorne and Inglewood (I like Morningside Park) I am priced out of. Great video and would love to see future videos analyzing different LA neighborhoods! I love the South Bay!
Hey Millenial, thanks for contributing to this thread. Good info. I agree Hawthorne can jump from really nice pockets to "mmmm". Let me know if you ever need help making those moves. Either way thanks for watching!
It’s so jarring to me that a lot of these videos about somewhat affordable places in LA now are focusing almost exclusively on the South Bay, (Inglewood and Hawthorne being the ones you mentioned) the part of LA that I’m from. The construction in that region is so crazy at the moment. Even in places like Carson and Lomita.
Thank you, Daniel! Glad you liked the video. Yeah, Mar Vista is long past the affordability range. Just published a video on Mar Vista. Yeah, that's high-end now! ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-3nirqjSRiVE.html
I would say west Adam's started going up before, at least some parts. There's still shady parts. But yeah, good point. Thanks for mentioning. West Adams has some good pockets for the price.
Yup, that area is changing for sure. Definitely don't see that staying the same, as more people realized that the drive from riverside everyday is not worth it.
I miss living in Long Beach on ocean avenue… new management took over and it was a wrap. Couldn’t afford the high rent and moved to Texas. I used to go for a run every day. I miss it!
Interesting, I think that's a sign of gentrification in that area. If I were to speculate, I'd say that South Central, as a low-income area, will disappear in the next 10 years or so; if they don't turn it into homeless shelter.
Park Mesa Heights is an MLS area not a neighborhood - this has been a hidden gem neighborhood for ever - to get homes in this area give me a call especially if you need information on the dividing lines in these areas - INGLEWOOD is still under-valued and has amazing opportunities
Hawthorne would be your better option for good schools. Juan de Anza being one. But you can use greatschools.org as a source. In the other neighborhoods, you may have to do private schools.
@@theartistofrealestate To afford anywhere decent in LA for a family of 4 you will need $600k minimum. A down payment of 20% because its a jumbo loan. Meaning $120k downpayment. A person will need to come up with about $150k overall
@@dennis771 Yeah, California in general can be very unaffordable to most people. Just to compliment what your saying, the median single family price in california is about 800k. With 10% down, someone needs to make about 9k a month. The median household income in california is about 5k a month. 🤔
@@theartistofrealestate $800k you will need minimum of 20% down...any loan over 520k is considered jumbo loan. The financing bank won’t take 10% on 800k house price. California is getting raid of middle and lower income and replacing it with rich and very high income.
Good point. Yeah, it's crazy how 600k even enters the realm of affordability in Los Angeles. In 2010 you could purchase a house in South Central LA for like 150K, now it's 450K. Even south central is expensive.
@@theartistofrealestate it's a scary situation. Me and my fiance decided to not buy right now and hope for prices to come down but at the same time we are afraid the prices will not come down because the ones buying at this ridiculous prices are investors who have money but the question is, can this ever stop? How high will it keep going? 😔
@@O_c_o_c Yeah, really good questions! I wish I knew, and in the same way no one saw Covid 19 coming, its hard to know. I am hoping that once Covid is under control, more people will feel more comfortable listing their properties, without so much concern about strangers roaming through their house. Inventory is really low, and that's been pushing prices up. Maybe there wouldn't be a big drop, but I am hoping prices will stabalize, as more Inventory becomes available. Also equally important to considering prices, is considering interest rates.
Those not affordable prices. Affordable pricing is usually defined in LA at around $500,000 for a home right now. The median market price is around $775,000 by comparison. What you are listing in this video are market value pricing for that given neighborhood. Those are two very different market segments.
Yo guys but compared to New York, Los Angeles is extremely cheap ,in NYC you get 1 bed and a half bath studio apartment for 3000- 5000 dollar price range , 😂lol
Hey Daniel! Thanks for sharing the awesome video! I'm a bit behind the curve here - any idea how much these areas are going for now, three years later? Just moved to LA and trying to scope out some sweet spots to invest in for me and my family. Your video was super helpful, would love to hear your take! Thanks again!
Hey Amir, thank you! 😊 They have gone up since this publication, but the principals, pros, and benefits of these areas, mentioned in the video, still apply. Any questions feel free to reach out. Thanks!
With rising interest rates prices are dropping now, and hopefully I can buy a home in Inglewood or Hawthrone within $0.5m budget. Thanks for your information.
Dang! I really don’t know how anyone can afford to buy a house anymore. I am a structural engineer and I can barely afford a 1 bedroom apartment…How do people even make enough for the monthly payment? A $700000 house is more than half my income
Hey James, thanks for watching. Yeah, things are expensive. A big barrier of entry for some is the down payment. Technically, with enough of a down payment, any house can have affordable payments. Many people seem to be getting this money from selling other houses or pulling from other investments, like the stock market, which has blown up recently. Also the tech industry has been bringing in a lot of new, highly-paid employees. I like to say, don't buy because the market is hot, buy when ever you can afford to buy. Make sure the payments are comfortable, and if not, there is nothing wrong in waiting. Don't want to be house poor!
Just 30 seconds in. I got close to the first house price guess. I said 1.7 million. Craziness! I should know better. I live close to there. :( Annoying to just want to stay home but being fully priced out. Looking forward to your tips with the rest of the video.
@@theartistofrealestate Thanks! I watched the rest of the video. I'm from the Baldwin Vista (parents) / View Park area (grandparents), so it was good to see you bringing up areas I recognize but wasn't fully considering. I also lived in CC as a kid and Marina / Westchester as an adult. It's so expensive everywhere. It's like where do we go if we want to "stay home". This really helps out now that I'm finally going to be earning enough to possibly buy soon. Thank you! Love it!
Thank you for all the great tips, I'm from MI and I hear much negatives, about how expensive it is to live there. The housing prices is not farfetched, there are homes here in Michigan that are in those price range. In the affluent neighborhoods.
Park Mesa is mostly black community so the same house won't be as much as a westside white neighborhood. The more gentrification the value will go up. Thats the reality like it or not.
@@annalisawilson7694 Exactly. Pros and cons, I think. I grew up in Inglewood, parents still live there. Mixed feelings about gentrification. Thanks for watching and commenting.
The pockets mentioned in the video, yes! Although there are still some pockets in these cities/neighborhoods that are less safe. Then again, Santa Monica and Venice Beach also have their share of crime.
@@persian2452 good question, not sure. I guess it depends on lifestyle. But a 2bd 1 bath apartment in these neighborhoods will run you about $2,000 a month, if that helps to give you an idea.
I live in SCV it’s very hot, suburban, and mainly for families. I’ve lived here my entire life, I’m 24 and ready to get out of here but that’s just me lol Not much to do in SCV except go to the movies and go out to eat. But Hollywood/ the beach is 40 min away. There’s a lot of bike trails and nice parks here though. And there’s some nightlife but not much.
Hello Rome! Yeah, West Adams started ticking up before the neighborhoods mentioned in this video. Prices are already high there, though I don't think it has maxed out. Long term, that area still has more good stuff coming, for sure. Super convenient, public transit. Thanks for watching and commenting. What do you think of the area? Feel free to share with us.
@@theartistofrealestate excellent assessment. Well as a longtime resident (50+ yrs) I am seeing another demographic shift with Apple's recent purchase of the 33,000 sq.ft building at Jefferson and Hauser (next to the Crozier building). Compounded by the "Cumulus" project on Jefferson and LaCienega. Personally, the current prices seem unsustainable as my home according to Zillow is estimated at $981k for a 1400 sq ft house. Crazy right? Employment ops seem to only be regulated to the tech crowd and density with new 3 and 4 story multiplexes are putting an already burdensome neighborhood into a New York- like burrow.
@@romemubarak13 Wow, great insite Rome! Thank you for sharing. I am sure you've seen a lot of changes in 50 years. And I think the same factors that are changing the neighborhoods in this video, applied to your neighborhood. I am sure people here will benefit from your post. Thanks! :)
@@theartistofrealestate Absolutely. I am an investigative researcher by career-wise also as a retired adjunct professor and real estate numbers crunching is what I like doing as well. Triangulating data is another optic often ignored.
"Mister Gentrifier" lol Yeah, it's changing a lot. Parents still live there, interesting seeing the change. People walk their dogs at night now. Thanks for watching and commenting!
What could be the starting rent in LA for 2persons to stay. Cheeper rent in which area can I get? I can't spend more than 800.can I get it in that prise
Hi my son and l plan on moving too California next year he is attending college there . But lm a section a tenant that will need a two bedroom apt. Do u take the section 8 voucher
Hello Nunu, Congratulations to you and your son! :) I don't really do rentals, but you shouldn't have a hard time with section 8. Many landlords are open to it. I'd recommend go on zillow.com or apartments.com for a good source of rentals. Thanks for watching and commenting, Nunu!
That pocket by like Centinela/la Cienega has come a long way. 2010 you could of gotten a unit for like 60k. Now, far from it!. It's still in transition, but I don't think it will ever go back to what it used to be. I would just be cautious with the management of the condo, reserves, financials. I know back in the day they weren't managed very well. Case by case though.
@@ddr5444 um that's a little tough to answer, a little relative. 12 years and prior, it would have been an easy no. The area is has been in transition. So it's a yes and a maybe on safety, I would say. But drive by at different times, talk to some of the neighbors. That's the best way.
