Best Los Angeles Affordable Neighborhoods
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- เผยแพร่เมื่อ 21 ก.ค. 2024
- Affordable housing and Los Angeles are two things that don't seem to go well together. Are there any affordable neighborhoods left in Los Angeles? Here is a list of the top 3 affordable neighborhoods in Los Angeles, based on location and property appreciation. These are up and coming neighborhoods. Hawthorne, Inglewood, and Park Mesa Heights.
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Daniel Rangel
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Daniel Rangel began his career as a Los Angeles Realtor at the young age of eighteen, over a decade ago, during the great recession. When others were calling it quits, he was charging forward, finding opportunities for his clients where others saw problems. To some around the world, Daniel is better known as the founder of Creativum, a project with a social cause that he founded during a three-year sabbatical, in which he traveled the world alone with a small backpack and a camera. As a result of his eccentric entrepreneurial accomplishments during this adventure, he has been published in newspapers across the American continent, made television appearances, been a guest speaker at several universities, and given two TEDx talks on the topic of sales and creativity. He likes the outdoors, travel, photography, and writing. From Daniel Rangel you can expect a real estate experience that’s fun, up-front, honest, and pressure-free.
Thank you so much for this video! It was broken down perfectly
Thank you so much for watching and commenting! Glad you liked it 😊
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.
Isn't Inglewood the hood?
I'm just asking. I currently reside in Europe and I heard that is Blood gang turf lol.
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!
excellent video daniel and really like tour recommendations.
it's crazy when Palms and Mar Vista won't even make this list.
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! th-cam.com/video/3nirqjSRiVE/w-d-xo.html
Hello, just subscribed. I really enjoyed this video. A lot of great information!! 😊
Thank you, Santa Monica! I appreciate that! :)
Thanks. Good stuff. I will pass it on to a young family looking to buy but frustrated. This may help.
@@glorianeiman726 Hello Gloria, thanks for watching and commenting! Glad you found it helpful!
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.
basically all the historically thriving black communities on the west side of los angeles
Yup, that is very true. It's happening further East as well.
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!
Hahahahah! I try to have fun with it. Thank for watching and commenting, Daniel!
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.
Hello Mary, Thanks for watching and commenting. Good feedback. Yeah, sometimes it's hard to see outside of where we live. Thanks!
I’m also from Michigan, LA is 10x more expensive than literally any area in Michigan
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!
Thanks Daniel! Will do ! Definitely have a lot of questions, have to do some more research in the area.
Two words. GANG BANGING
Yup- Great vid
Thank you for watching and commenting Sole!
I live in Morningside Park.It pretty dope here but I’m looking to get a bigger place
Yup own a house in Wiseburn for my adult children :( boy times have changed or East Del Aire 660K nearing 1M you are correct sir.
Thanks for sharing Niko, appreciate it!
Any thoughts on projections of lower West Adam's area (Jefferson Blvd & Hauser)?
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.
@@romemubarak13 100% Nice, Rome!
Inglewood! Always up to no good!!! But seriously, it's getting nice there. New Clippers dome seals the deal. Hello Mister Gentrifier! I see YOU>
"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!
Good video
Thank you!
You forgot about Watts-Willowbrook which is an unincorporated area in LA County in LA
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.
Definitely looking forward to mixing the neighborhood up . Cool
I welcome all races .
Inglewood ❤️
Thanks for watching and commenting Charles!
They just announced a Target Store corner of Vermont Ave and Manchester, what’s your opinion on that?
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.
“Sigh how much you have changed from the sounds of drive by shootings” lol 😂 as a local Angeleno I can concur.
🤣
Maywood in Los Angeles is 3rd smallest town in California and has great potential
Ooh, nice. Thanks for mentioning it. I'll have to look more into Maywood.
No West Adams? Right next to Culver City too
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.
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
800 can be tough in LA, you're kinda' looking like 1,200 on the very low end in the most affordable areas.
Supply is so low and demand is so high for the general LA county.
What about Historic South Central or anything east of the 110?
Hey Jorreas13, sorry, I'm not too familiar with that. Will need to look into it. Thanks!
i would love to visit there sometime, but to move there....nope!!!
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.
Lol! Being a bunch of info is missing, that's actually a really good guess!! Thank you! 😉
@@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!
i guessed right! :D
Nice!
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!
@@theartistofrealestate thank you for the info .❤️
1979 redondo beach
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
i guess people lived there back when it wasnt as expensive and stayed there until today
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!
how do you even buy a house in LA? Its unreal- I will love to live 5 min from the beach, but it seems impossible
Yeah, I know, LA can be expensive! 😫 Thanks for watching and commenting!
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!
my sister, a cousin and I are talking about each selling our homes for a decent down payment to live Golden Gjrls style.
Lol love it. You go girls! :)
That property is zoned multi family so they gonna tear it down and it’s high because of land value if the same land was in Vegas it was more expensive
100% Reza, a large part of the value comes from the land, its location, and use. Thanks for watching and commenting!
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.
Yeah, definitely not the most affordable neighborhoods. Thanks for watching and commenting theexmann.
EAST LA nice hills, Watts, Huntington Park, South Gate, Maywood and South LA🤫
Nice, thanks for sharing!
Come to Los Angeles and you can rent 1-3 Bed room at $2,315 - 4,575, at Burbank we have apartment available for you.
Lol Yeah, rent is expensive. 🤣
Time to move out of town
@@robinnelson3660 🤣 thanks for watching n commenting.
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
@@arunsurya8246 thanks for watching and commenting. Yup, its all kinda' relative.
If you miss the drive by shootings, just visit us at Pasadena.
lol, thanks for the recommendation :) cheers!
How about condos in North Inglewood (safe, worth it?)
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.
@@theartistofrealestate that’s really helpful advice! How about crime?
@@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.
When you can redevelop that into an 8-unit apartment that’s practically on the beach…. $2m makes sense.
Yup, you're 100% right!
These dont look like cities they look like tracts of houses with no yards or nature such as forest or nature areas.
I do not believe this man tried to sell me Inglewood
I really wish California wasn’t so expensive 😁
I agree! :)
Even the Mobil homes are expensive
Freakin' life in general is expensive! :( Thank you for watching and commenting, Elena!
hi.are these places safe?
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.
Thanks for watching and commenting!
@@theartistofrealestate thank you for answering.if some one is moving to USA,how much money he has to bring?
@@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.
@@theartistofrealestate thank you
What about Santa Clarita?
I am not too familiar with Santa Clarita. What do you think? Anything we should know?
@@theartistofrealestate Just thinking about moving my family there from Fresno. Air quality and crime has me ready to move.
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.
@@meganp340 Nice! Thanks for sharing Megan!
@@theartistofrealestate you're welcome!
Good schools? Any of them?
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.
This video didnt age well 😂😂😂 south bay is crazy high now 😂
Inglewood? Crenshaw?
Yeah, Inglewood and Crenshaw has come a long way :)
Gentrification
@@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.
600K is not affordable
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? 😔
@@CristyO. 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.
Here is video I made on the history property values in LA that might shed some light. Either way, thanks for watching and commenting!
Honolulu is also too expensive to live at
I’m planning to move to LA soon and am already thinking I’m gonna be house poor. FML.
🤣 thanks for watching and commenting!
Usc area
No where in LA is affordable for the common man
I know! It's Crazy. Thanks for watching and commenting, Dennis!
@@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.
@@dennis771 Sure they will. You might want check with another lender. Conforming loan limits also depend on the county. LA is at $822,375.
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
What the fucking hell, yes I'm in a very bad situation and I have every right to cuss.
0:36
"So... are there any affordable homes left in Los Angeles? No..."
That's all, end of story. Move somewhere more affordable, like I did years ago.
🤣
You're funny lol
😊
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.
Hawthorne and Inglewood are NOT in Los Angeles. They are individual incorporated cities. smh
Correct, they are cities within Los Angeles County. Not part of the city of Los Angeles, but part of Los Angeles County.
There's no such thing as affordable in the city of los Angeles . Maybe down in Tijuana you'll find something cheap that taxes won't eat.🤣
🤣 yeah, life is expensive!
West side people are lame
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