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What $700,000 buys in seven areas around Los Angeles

Don’t look now, but Southern California’s boiling real estate market could be cooling off. Sales are down, inventory is up, and some properties are even getting price reductions, a few of which are shown below.

For buyers, that means the money is going a little further than a summer ago. Take a look at what $700,000 buys in seven communities around Los Angeles.

Highland Park

Highland Park’s rise as a hip neighborhood in recent years has caused house prices to skyrocket, and during the pandemic it has officially become a million-dollar neighborhood. There are still plenty of cheaper options out there, especially if you’re willing to consider something under 1,000 square feet.

A house for sale in Highland Park

This 98 year old home in Highland Park has recently been remodeled, with new features including hardwood floors and farmhouse doors.

(André Izquierdo)

The House: Perched above York Boulevard, this 98-year-old Spanish bungalow looks brand new after a renovation with hardwood floors, farmhouse doors, and a touch of tile in the kitchen. There’s even a view, as the back of the hillside home opens to a deck overlooking the neighborhood.

The address: 141 S. Ave. 64 Los Angeles, 90042

The price: $688,000

The specifications : Two bedrooms and one bathroom on 683 square feet

The agent: Andrew Izquierdo of Las Casas Realty

City of Culver

Tech companies such as Apple, Amazon and TikTok are flocking to Culver City, transforming a once sleepy Westside community into one of Southern California’s new digital media hubs. Such a distinction has, predictably, driven up prices for single-family homes, but older condo complexes offer an affordable alternative.

The interior of a condo in Culver City.

This condo unit in Culver City is on the top floor of a building in Heather Village, a gated complex.

(First Real Estate Team)

The House: This corner condo is on the top floor of a building in Heather Village, a gated complex with multiple pools, spas, tennis courts and a playground. Warm wood mixes with brick in the common areas and the living room adds a wet bar. Another plus: it’s down $20,000 from the original asking price.

The address: 6525 Green Valley Circle #318, Culver City, 90230

The price: $709,800 (plus $671 in homeowners association dues)

The specifications : Two bedrooms and two bathrooms on 1,347 square feet

The agent: Vickie Pham of First Team Real Estate

Marina del Rey

Marina del Rey is home to around 11,000 people and its harbor is home to around 5,000 boats. Together, the two groups create a quieter beach experience compared to more touristy destinations on the coast such as Venice and Santa Monica. Ocean views can cost you north of $1 million, but a spot overlooking the lagoon is a bit more affordable.

The view from the balcony of a Marina del Rey condo unit.

This Marina del Rey condo features a balcony overlooking the lagoon.

(Beverly & Co.)

The House: Located in the Marina City Club, this condo is steps from the beach and features a balcony overlooking the lagoon. Although quite hefty, HOA dues get you plenty of amenities, including six tennis courts, two paddleball courts, three pools, two on-site restaurants, and room service.

The address: 4265 Marina City Drive #109, Marina del Rey, 90292

The price: $685,000 (plus $1,838 in HOA dues)

The specifications : Two bedrooms and two bathrooms on 1,422 square feet

The agent: Shahrzad Sharon Ray of Beverly & Co.

East Los Angeles

East Los Angeles feels like one of the few remaining neighborhoods around Los Angeles where $700,000 buys a lot of house. Not a one-bedroom bungalow with 500 square feet or a possibly illegal secondary suite tucked away behind a property, but a proper home with two stories, three bedrooms, and maybe even a garage. There’s always something on the market there, with most single-family options ranging from $600,000 to $900,000.

A house for sale in East Los Angeles

At over 1,800 square feet, this East LA abode features three bedrooms and three bathrooms.

(Nordine Real Estate)

The House: The largest home on the list at over 1,800 square feet, this blue abode features three bedrooms and three bathrooms, plus an open floor plan with a fireplace. It’s down $135,000 from its original asking price, and the listing also says the seller will pay $5,000 of the buyer’s closing costs.

The address: 4121 Zaring St., Los Angeles, 90063

The price: $714,900

The specifications : Three bedrooms and three bathrooms on 1,859 square feet

Agents: Vance Nordine and Mary Hale of Nordine Realty

University Hills

Aptly named, University Hills is a small neighborhood of windy streets in the hills above Cal State LA Nestled between other relatively affordable areas such as El Sereno and City Terrace, the enclave has only a handful of homes on the market at some point, and unless they’re brand new, they’ll usually be available for less than $800,000.

A house in the University Hills neighborhood of Los Angeles.

This 850 square foot home is in the University Hills area above Cal State LA

(George Michael Realty)

The House: Built in the 1930s, this 850-square-foot spot makes the most of its space with a covered porch, two bedrooms, and an office — an amenity rarely seen in tiny homes. It was restyled ten years ago, so the design isn’t officially obsolete just yet, but a facelift wouldn’t hurt either.

The address: 4209 Drucker Ave, Los Angeles, 90032

The price: $733,000

The specifications : Two bedrooms and one bathroom on 850 square feet

Agents: Marisa Carlo and Vera Putzeys of George Michael Realty

Inglewood

If you want a microcosm of what development can do to a city, look no further than Inglewood. In the five years since SoFi Stadium was announced in 2016, home prices have soared 84%. That means once-affordable homes are now selling for a fortune, but if you think prices will continue to rise, it’s not too late to invest in this fast-paced city.

A house for sale in Inglewood.

This repairman in Inglewood has three bedrooms, a detached garage and a garden big enough to accommodate an ADU.

(Forward Living Media)

The House: Inglewood’s prices directly correlate to the house’s proximity to SoFi Stadium, and it’s about 10 minutes away. It’s a fixer-upper for sure, but it has three bedrooms, a detached garage, and a backyard big enough to accommodate an ADU. A recent price drop has brought the price down by $69,000.

The address: 121 E. 64th Square, Inglewood, 90302

The price: $730,000

The specifications : Three bedrooms and one bathroom on 912 square feet

The agent: Christy Ixcot of Keller Williams Realty Studio City

Huntington Park

One of the gateway towns that connect LA County and Orange County, Huntington Park offers fairly affordable housing for working-class residents traveling to either. Homes start from $400,000, so anything in the $700,000 range will get you a remodeled turnkey property with plenty of space inside and out.

A house in Huntington Park.

This three-bedroom, two-bathroom Spanish-style home in Huntington Park features exposed beam ceilings that hang above a whitewashed fireplace in the living room.

(Griffin Real Estate)

The House: A Spanish-style exterior leads to crisp, modern spaces inside this 1930s home with an all-new look. Beamed ceilings hang above a whitewashed fireplace in the living room, and the kitchen adds charming Spanish tiles.

The address: 4023 Cudahy St, Huntington Park, 90255

The price: $749,000

The specifications : Three bedrooms and two bathrooms on 1,472 square feet

The agent: Emily Griffin of Griffin Real Estate


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Post expires at 10:25pm on Thursday July 21st, 2022