What $1,000,000 Gets You in LA in 2023
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- เผยแพร่เมื่อ 25 ส.ค. 2023
- I went house hunting in Los Angeles to one of the spots you can still find an actual, single family house in LA - The Valley!
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That second house was owned by smokers, that nasty yellow staining is cigarette tar and nicotine.
Also keep in mind that if you put 10% down and buy a million dollar house, your monthly payment is going to be around $8,000.. which means your income would need to be around $300-400k a year to be able one of these homes. Pretty insane!
But they pay 100K a year to work at McDonald's California is why you don't vote Democrat they just keep devaluing the dollar
What is crazy is making $70k a year in L.A. is now considered poor..
That math isn't right
It is always good to have a financial plan. I work with a professional planner and fixed-income strategist. I've come to realize that the key to amassing wealth lies in making sound investments.
Could you kindly elaborate on the advisor's background and qualifications?'.
I just came across her web page, I went through her resume and I must say it was quite impressive. I reached out to her and I have booked a session with her``
You know it's gonna be a great day when Shelby Church uploads!
I ❤ when Shelby makes real estate videos.
❤
The smoke damage to the walls was crazy in the second house... amazing to think people used to chain smoke in their houses while working, hanging out, etc.! often with children around 😬 it must have smelled terrible!!
All of us people in our mid-40s and 50s and up survived our chain-smoking parents and grandparents. It was just a normal part of life.
Looked like it was a business more than a home.
Good point. U can't smell the house in the video, so that's another consideration.
House 1# was the starter house I grew up on a tree lined street in east Long Beach, California except it had two bedrooms instead of three in the 1970s. My parents bought it back then for $40,000! No one could afford one in the suburbs today.
If your budget is 1 million dollars it's not even worth it to buy something in LA
Can’t even get two bathrooms for a million dollars? Lol. I’ll just stay in the Midwest.
Yeah shit is crazy out here bruh lmaoo
stay there poor guy
It’s because they know some dummy is willing to buy it rent it
great content, Shelby! I loved that we got to see FOUR houses - the normal format for these kinds of tv shows is 3 so I felt like I got a bonus when you mentioned the 4th house :)
What struck me the most was that all the houses had tiny ceiling heights which gave them the appearance of being cheap.
The last house probably has the best potential if you add an ADU and fix some of the craftsmanship issues.
the 3rd one had high ceilings...
@@lana_del_reiit looks like they may have removed an existing attic, judging by the HVAC ducting. Looks pretty good, though.
What immediately stood out to me were the amount of bedrooms that didn't have actual closets in them. I guess you would either build one in or buy an armoire. I know, it's all about location, but for a million bucks, it's amazing how much you have to compromise.
Thanks for sharing! I live in the Valley (used to live in North Hollywood during COVID). Although most of the valley has its issues, I feel North Hollywood had the worst. I ended moving to a “better” neighborhood within the valley and I’m glad I did. I wouldn’t recommend buying in NoHo if you want to live there. It’s just not safe. However, the fixer upper is a great investment opportunity because North Hollywood is in high demand. I would recommend Burbank, Studio City, or Sherman Oaks if you must buy in the valley. But even then homes here are in the millions, you may be able to get a townhome in those sides of town though.
Burbank or glendale would be better. There there own city. Most of the rest of the valley is the city of LA
Also there are studies done that if you live next to a freeway that it can be bad for your health, to breathe in the fumes from the cars constantly. So it's not ideal for a family with children
The more trees you plant, the more it will filter the air. It seems there is already a tree shield. I doubt any of the air in LA is all that great either.
Great video Shelby! Was fun to see all the different houses and options!
Nice video ! Love seeing what is on the market
For 1 million dollars in LA you can get an open floor plan cardboard box right near the 101!
Actually you should see what some of the homeless build it's fucking impressive.
Thank you for the tour Shelby! These are my favorite videos you make. I really liked two of the houses but not just the location is important to me, but the setting. I like lots of mature trees and bushes both in front and back yard. I guess that can be landscaped. But you’d need a good size yard.
I really enjoy your house hunting videos. Thanks!
For that kind of money you could buy a huge home on Lake Norman in NC.
1.5 is the new million and the ideal starter point to get a decent small single family house, you might get away with 1.25 if you are willing to make some concessions
I am blown away at what people are willing to spend for most of these homes. 🤯
Me too, most people can’t afford it. I would never spend my money on trash just to tell people I live in LA
@@Blue-ke9fuexactly what I’m thinking. I’m convinced that the average person cares more about their status then being smart with their money/future. Unless you’re rich or have something very important keeping you in LA why tf do ppl live there ??
@@Samuelnicole483I been to LA and ngl its a very naturally beautiful and I would def go back, the beaches are amazing, the hills, the places around LA are great to visit aswell, I do not live there so I don't know what everyday life is like but the quality of life there seems to be amazing, and im from NYC so that should say a lot
I love these kinds of videos! Actually really liked the third one, that was my taste, although would prefer a bit more sunlight
I live at the northern most part of LA County. A little town called Palmdale and I bought my house for 550,000 4 bedrooms 2 and a half baths single story on about 2500 sq feet house on an 11000 sq foot lot in a gated community on the hills with a beautiful desert view. My sister bought a house earlier this year for about 1 million that’s 6 bedrooms 5 baths 5200 sq foot house on - 1/4 acre lot. Even tho use our area compared to the rest of the country is still expensive your money goes a long way out here. People just think they NEED to live in LA proper but they don’t. It’s less than an hr into the city but when I’m done with LA I have the peaceful desert mountains. I’d you want something more affordable gotta get out of LA proper.
Good stuff Shelby! 👍
Great video Shelby! I would love to see a video collab between you and Monica. That would be fire
Just crazy! That you’re MIGHT be able to sell for $150K in Louisville, KY, but probably not without a basement. I couldn’t imagine somebody paying $975K!
Exactly. A home simply shouldn't cost one million dollars.
That’s wild. My first house I bought in Virginia Beach was 2 baths, 3 beds, yard about that size and 2 living rooms, dining room, and kitchen. It was recently flipped when bought so it looked similar to that one. No garage and no basement and bought for $200,000 also pretty close to a freeway. Moved 2 years ago to Michigan and bought a house on 1 acre, 3 beds, 2 and a half baths, finished basement with fireplace, attached garage etc for $175,000 but it needed cosmetic updates which have been fun to diy
Obviously, location is everything.
That’s because it’s in virginia beach 😂
I like the 2nd one, it had charm and loved the courtyard.
I couldn’t imagine paying that amount of money for any of those places. I don’t get the appeal of living in LA. It’s so crowded and dirty. Great video!
There’s a lot of things to do in LA. It’s a fun place to be if you have money and are young. Otherwise, I wouldn’t recommend it.
Ya if you have a million dollars to waste on a house, paying insane taxes and spending an insane amount of money doing activities that are cheaper everywhere else in the US 🤣🤣🤣
@@MrsMuffin11 People pay for the weather. Real estate prices are dictated by desirability. Cheaper places are cheaper because people don't want to live there, it's that simple.
@@venom5809it’s regularly over 110 degrees in Calabasas
I feel like Shelby would have loved the second one cuz of the price and she’s been craving for a project 😊
Love the house tours - thanks for sharing! To match the fire fits, I think you deserve some new, crispy white AF1s 😅
I would like to see you make a video what you can get for $1,000,000 in OC in 2023. I would rather live in OC because I used to live there.
You can put mass loaded vinyl in the walla to block a significant amount of noise. Shoot you could even build exterior walls in the back yard to block noise.
First house... if you want to convert the closet back to a bathroom, the toilet and vanity are in the garage 👍🙂
YES we saw that hahaha
Enjoyed the house hunt!
I think house #2 would be awesome for you and another renovation to follow 👀
💪🏽💯
Its so nice that you so much house sense when shopping for your next home.❤ I hope you move to Cali again! I love the LA vibe😊
LA ❤️ 💯
great video! next can you please do $2M houses in more central locations? places like central LA, culver city, los feliz, or silver lake? gotta dream bigger lol
6840 Van Noord is definitely my dream home. I love it! Wow!
WOW good stuff yes seeing the houses in person is must picture online isn’t enough
In my area outside of Dallas, a very modest home like this one goes for about $250,000 now, which is outrageous compared to even three years ago. So where do blue collar workers live in LA?!
they don't. they live in the suburbs outside LA and bus/drive in
They either rent a small apartment in LA, or drive in from the (still expensive) suburbs.
Wages are significantly higher in Los Angeles, but it’s not uncommon for some folks (esp those with minimum wage jobs and sharing an apt) to spend 40% of their income on rent.
Didn’t realize people still wanted to move there!
My thoughts exactly! Life cannot be that much (4X) better to pay 4X the Dallas price!
I've lived in Noho for a decade and there are definitely good and bad areas. Usually the further north you go the more sketchy it gets. That being said if you find a house in the right location it's an awesome place to live!
hmmm interesting. I thought that going further north would be safer since actual LA is pretty congested. I'm coming from TX and i'm looking in Burbank, Glendale, Pasadena to move! also may have to look into West LA too. If you have suggestions you can share where is safer, would love to hear!
@@succ33ds I mainly meant if you go North of North Hollywood it gets more sketchy. Studio City, Sherman Oaks, etc are South and are better neighborhoods mainly because they're more expensive. Burbank, Glendale and Pasadena are relatively safe areas. West LA is cool but they have a lot of issues with the homeless.
That lighter spot on the carpet in the second home is def from a plastic office chair mat!
Love that you're looking at that garage > ADU transition ;)
I just cannot imagine or understand spending that much on a 3 bed, 1 bath. 😮 That 'total fixer' is just your average house and is pretty nice...I guess my expectations are pretty low. lol
Part of me wishes I videoed my house search back in 2011. I toured over 100 homes....and while I thought that was a LOT, my agent said it was about average before someone finds something they really like and would consider offering on. Of course, 2011 was a "buyers" market back then....and now, I don't think my search would have been as long because it's a "sellers market" here and even with the higher recent interest rates, homes are selling here in Texas. How long that lasts? Who knows. LOL
Great job showing the places....just remember, where ever you decide to live....nothing is permanent. You can always change it or get something else.
Shelby needs to find a fixer-upper because no matter how well it was remodeled, it will never be what she wants.
true lol
Yeah, I would have picked the fixer upper.
Can’t wait to eventually see a fixer project when the right one pops up!
Excellent video. 👍
These LA videos are my favorite ones. I’m new to California and your videos are very informative! And honest! Much appreciated!
True just ignore the comments from people that moved out 20 years ago. They have no idea what the city is like now. I live over by the Woodbridge area of Studio City and it's pretty nice even through I rent.
I am house shopping a bit in Fallbrook/Temecula. North San Diego basically. You get so much more for 1 million. Always shocked at the costs and I also lived in HB a number of years, so I should be used to it by now.
I could see this becoming a cool series comparing what you get for the same price point in different metro areas across the country
I love watching real estate videos. I kind of felt like I was watching an episode of House Hunters on HGTV..... "which one will she choose?".... 😉
Please ignore the negative hater comments Shelby, I really appreciate your videos.
🙂
I think you are 100% correct!
2nd house was definitely occupied by a smoker but the landscaping is easy, if you're into gardening.
Shelby you are so pretty ❤😎 And love your reviews!
I would always like to see in this kind of videos the sizes of closets and storage space.
Love that house number 1 has the bathroom fixtures ready to go for the new owner in the garage haha
I love House videos!
I lived in LA for 15 years. From June - September is really HOT. Like 105 a lot of days for those particular months.
Southern California has a Mediterranean climate but the Santa Ana blows in from the desert a few times a year and when you have a weather inversion, it can be scorching outside!
@@NormanF62the weather is getting hotter
I'm guessing you used to live in The Valley or east of downtown LA. Used to live in The Valley and indeed it was over 100s in the summer but escaped to the Torrance area which is much better weather.
@@penname4764 I used to live in east Long Beach. LA is huge so the small city south of it was perfect!
Redondo Beach@@penname4764
Love these types of videos! These days it's so hard to find a home that has all the things you want in your price range. I feel like you have to make a sacrifice somewhere. Happy house hunting! Can't wait to see what you finally decide to go with! 😊
as a Californian, I cant sleep without the soothing sound of the freeways/cars
It’s absolutely insane to me houses have gotten that expensive in LA, and it’s not standard practice for people to tear them down to build 4 multi family houses on the same lot. I’m used to New Jersey / outside NYC where that’s exactly what they do. 25ft x 100ft lot, 3 floor, 2 family house with a ground floor garage is the standard construction here. You get a much larger house, usually a 2 family, but a much smaller lot here for that amount of money.
Great video! Those homes would be around 300k in the Midwest
I live in the valley ( I don’t own it lol) and I absolutely love it. We got a very good deal on a 5 bedroom townhouse after covid
very interesting information about pricings.the real state got complicated in prediction.everything is possible.and investing on realstate will be adventurous!!!
thanks alot about your infos.
i love the third house omg
My sister’s KITCHEN REMODEL in her Calabasas home was $700,000. 🤔🤷🏼♂️
A barn door outside the first house bathroom would help with the cramped space.
I was born in LA and I planned on being buried there but it's so unlivable. My house here in Texas is only 8 years old and about the same size as these homes but with 2 full baths and a 2 car garage. The original purchase price was 146k, and now it's worth about 220k. What's insane about the LA market is that normal folks as well as millionaires, billionaires, Hollywood celebrities and corporate HQs are moving out of the state and yet home prices there still go up. They should be plummeting. Perhaps buyers of these homes believe that in the coming decades California will once again be the Golden State it once was instead of the 3rd world cesspool it's becoming. Gr8 vid as usual, Shelby. 🏡 🇺🇸
Ya it's absolutely INSANE. Our house in Phx is a 3bd 2bth 1800sq ft with a huge backyard and covered patio...it goes for upwards of 300k which we think is absurd since we bought it for 75k in 2012...
With the rising crime and drug use in southern Cali I don't understand why anyone still lives there. We also have a beach 4 hours away in Mexico which honestly is MUCH cleaner and just about as safe as California 🤣🤣
What part of Texas?
@@MrsMuffin11 Yeah. I live a few minutes from the border. Even though Juarez is one of the most dangerous places, El Paso is one of the safest cities in America. I hardly see any police in our neighborhood. My neighborhood isn't even an upscale one. It's average.
@@kimberbell4238 EL Paso,Tx. It's not a looker and some may call it boring, but the quality of life isn't bad. Gr8 schools, low crime rate.
Location, location, location.
the 2nd house was nice as it is. just needs some cleaning and refreshed paint perhaps. am i the only one that felt that way??
4:05 It doesn't need ''Major Landscaping help'' It just needs someone to clean it up a little.
I think house #2 would have been perfect if it was in a better neighborhood. It had so much potential… but location, location, location is everything. But it does give one hope that there’s something out there in the right neighborhood for around $1M, if you are willing to fix it up.
It's a three bed house with only one bathroom, that's the problem. @4:57, that is the correct place for the power room and should not be removed/moved. @7:10, that is pretty. Replace the deck with a composite material. The dead garden is going to need time and money. @8:36, you can tell even before going inside that it's going to a tickbox of design cliches. Nasty, shiny tiled floor tht is going to be slippery when went ✅ Two sided fireplace ✅ An abundance of black and white ✅ Cheap looking grey flooring ✅ @12:29, the garden is probably the best thing about the last house and could be made better with more plants.
I will spend one million on a house versus rent for $4000 monthly in Los Angeles. At least there is a backyard. I would add water features and additional bushes in the backyard
I feel like house #2 is interesting because there’s so much work that needs to be done and it’s been on the market for so long you could definitely offer under asking. But the area and safety is important.
I liked #1 the most because #3 wasn’t my style but iltimately #4 was my favorite and I think the best of the options. Yes it might be further away but you get a lot more because of that.
No intention to live in CA but watching again because of Shelby 🥰 Great video again, and that b roll 😍
Great to see real estate in LA. This is the same unfortunate situation you find house hunting in the Bay Area. Really need 1.5 Mil for a decent starter house.
You should look at the south bay area, lots of options here under a 1mil
Yes, South Bay area so much nicer.
Damn near a million dollars for a basic 2bed 3 bath house in a so so location is wild!
At this point I wonder how in the world the majority of LA residents are able to afford housing? I guess the medium wage there is well above $5000, that's the only way they would be able to rent let alone get a mortgage.
They can’t, they all moved here long ago. The gap is massive. You need to be a millionaire to buy a house now, you don’t need to be rich to live here if you’ve been here for decades. It’s as simple as that.
Only 20% can
I liked number one or number two. They had cute yards with old trees and shrubs. I could see someone moving in and feeling comfortable. Sharing a bath isn't that big of a deal. With the way prices are skyrocketing, fixing up number two or even just investing in number one would probably pay off if you resold it. I like that they both had big yards that were kind of private.
That house at 750k in North Hollywood looks really nice. There are seme improvements to be made bu tnothing major.
This reminds me of my home in Hawaii. 1600 sq ft, 1/4 of the backyard 3 beds attached garage with a sidewalk patch front yard for 972K and no where near the closet space. 🤦🏾♀️
Shelby, you must know that when they purchased those homes to flip, they only paid about $280,000.00 to $ 300,000.00 for those homes. They added the extra amount to make a profit! That's real estate! A home is worth what people are willing to pay!
They'll spend $3 million on a home. Tear it down and build another one on top of it! The land is what is valuable! I'd look for a "For Sale By Owner" in a nice neighborhood! You can change the decor but it is very expensive to move the house!
Number 3 was my favorite, but no cigar! Keep looking Shelby. Until next time! 😅👍
wow that 3rd house is very nice
That was more than I expected in that price point for LA. But I need a more neighborhood feel though. But it’s nice to be able to get to places quick quick! LOL
A million dollars doesn’t get you much when you’re not a millionaire and this is the exhibition of the prices: look and don’t touch! A two income couple doesn’t have the wherewithal to put a down payment on a family home much less than the monthly mortgage. You used to have to look two to three hours outside the city to find an affordable home but for the love of God and money, even that’s a stretch today.
What’s the price point where things noticeably get consistently better in terms of house size and location? $1.2M? $1.3M? Is it worth it to stretch the budget because 10% or 20% higher prices buys a lot better house?
I bought last year, when I was looking I found there was only little improvements going from $1M to $1.2M. But at about $1.3M and above, the houses improved a lot
@@PelosiStockPortfolio thank you! That’s the info I was looking for.
That third house countertop... is that Empira Black from Caeserstone? Then they must have spent a lot of money on the kitchen. Looks like a custom cabinetry too. I like the third house most but ware house thing is probably a huge disadvantage.
Can I speak to the algorithm’s manager? Your last 10 videos have all been great, but only 1 has broken 100K views. Keep making great videos. 😊
We are in Oxnard and you can find homes in Ventura County for under $1 million. If you have to be in LA you can commute and hour in lol
An hour? It’s an hour to Thousand Oaks. I’m seeing lots of fantasy 3am commute times in these comments
These flips are all over Vegas. Also the same color scheme the same tile, the same countertop the same boring flip. And for $1 million you better get a refrigerator.😂 if you had to really buy in LA and you only have those three choices number three for sure. 9:24
Can you add square footage for each house next to price?
Did you have someone influence you when you started TH-cam, like another TH-camr or filmmaker?
I like house number 1 &4.
Come to my city San Diego average sell price is about a million and it will def be 1 bedroom just under 1000 square feet it’s sad 😫
#3 is the winner.
#4 and #2 share the second place (although the house #4 has not much to impress or to stand out whereas #2 got tons of potential and consequent appreciation in value).
#1 average.
“Monologue” of the the ladies sounded like recycling of the same ideas over and over again.
Last but not least, ladies, give (us) your objective opinion/evaluation and not subjective (individual) likings or dislikings of the idea that you’re presenting (in this case the house). No one will be buying or not buying the house because you like it, hence, it was more than too much to reiterate 3 or more times why you don’t like the house or if it’s your taste, etc. … ❤
all the houses rent for per month or per year?
Approximately $6000mo mortgage which means the buyer needs to make $22k per month. Plus it's 98 degrees in the Valley today so pack a cooler if you are going to the open house.
Which one of you girls owns the Rolls-Royce in 8:33?
When I was looking for a house, I was always disappointed when they "flipped " it nice, but not a style I liked. The pleasure of owning your own house is to make it something you like. If you have to pay an extra $50000 to cover the flip when you buy the house, you do not have much of a budget to redo the flip.