How $120B Metro Expansion will Affect Home Prices | Los Angeles Real Estate

Los Angeles plans to invest $120 Billion in transit expansion (metro stations). How will this affect Angeles real estate and home prices? We'll talk measure JJJ and about the Transit Oriented Communities project. How will this affect the housing market on westside of Los Angeles t? We'll take a look at neighborhoods like Culver City, Palms, and Inglewood to see what effect metro stations have had on property values, specifically single family homes.
CONTACT ME REGARDING BUYING OR SELLING REAL ESTATE: Daniel Rangel, real estate agent in Los Angeles
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DANIEL RANGEL
Coldwell Banker Realty
BRE# 01827663

[@johnshollenberger2337]

I love the Metro. The Red Line at Union Station for example takes me to my one of "Faves" Hollywood and Highland. Love hanging out there.. Love the Vibe.

[@mrxman581]

LA doesn't have one of the worst public metro systems. It currently has the largest light rail system in the USA, which includes the longest light rail line in the world.

[@discoveringlosangeles]

Super informative!

[@theartistofrealestate]

Thank you! 😊

[@ft9kop]

I can hear the NIMBY

[@AbdusSobhanSojol786]

Informative

[@marycolmenar1633]

What is the estimated percent increase in value of single family homes due to establishment of high speed rails and metro trains?

[@theartistofrealestate]

At the moment, there is no clear trend showing that metro trains lead to an automatic increase in home values. Some sections see it, some don't. This may change a bit when the lines are more expensive. I believe in New York, home buyers do value proximity to train stations a lot more than they do currently in Los Angeles.

[@vincentverdugo]

Great video and content, I also have theories about how climate change will impact most of the U.S. worse than CA. Other states will become unlivable. In LA, West side will always be 5-15 degrees cooler than anything from Downtown or east on any given day because of proximity to the ocean. You could make a video on something like that.
Another idea is the risk of "the big one" and earthquakes in general because everyone loves to talk about that but I cannot find any concrete scientific theories or convincing arguments to how much damage would actually be caused.

[@stacyg585]

Can you put markers in your vids, so we know when you're switching from history to the modern market. Thank you!!

[@theartistofrealestate]

Thanks for the feedback, Stacy! I'll look into that 😁

[@Someone-og1yy]

Curious if you deal with buyers in the South Bay (Torrance, San Pedro etc) area? What about the foothills like Azusa etc? I work from home so my location is wide open. What about those shopping in the 700k range; I see you have mostly 1 mil+ sold on your Zillow page. I also noticed you require an exclusive agreement. However, I prefer to find my own home online and am not interested in touring (taking up a realtors time) unless I am 95% sure I want to make an offer. I just need someone on standby in case I want to make an offer. Would you still require an agreement? (This is a major turn off for me). Thanks

[@theartistofrealestate]

Hello Someone, thanks reaching out! The client can cancel the agreement at any point, for any reason, if they're not satisfied. It's more to establish good-faith expectations. I don't work with clients with multiple realtors, or not working in good-faith exclusivity, as I don't get paid unless a deal closes. Unfortunately, I don't service San Pedro or Azusa. I do value local market knowledge, so don't want to underserve you there. But feel free to reach out privately, and happy to give you some guidance or refer you to someone. I appreciate the view and comment! :)

[@mrxman581]

The analysis is not well researched. The issue of public transit infrastructure and TOD is much more nuanced and multilayered.

[@arjansingh14]

I agree with your analysis. Considering the upcoming 2028 LA Olympics, I'm exploring the idea of investing in property in Brentwood. Possibly to convert these properties into condos suitable for Airbnb rentals. You should do a video on how Olympics might affect property, values, long-term, on the Westside.

[@theartistofrealestate]

Thanks, Arjan! Olympics 🤔 that would be interesting to look into. Well, if you need a realtor, let me know! Either way, thanks for sharing.