Which areas of LA are the next likely to be gentrified? (San Bernardino: for rent, home)

[yby1]

Originally Posted by nobody067

yby1..do you ever go to the Ralph's on Vermont/120th? also,have you tried Jim Dandy chicken on Vermont/Imperial?

No. We just moved to the area in April from Harbor City. I work in El Segundo, so I tend to do my grocery shopping there. I live near Steven's Burgers and have been there a few times for the pastrami sandwich. I like it better than Johnnie's in Culver City (my hometown). It's much cheaper too.

I really need to try Jim Dandy chicken.

[jm1982]

Originally Posted by New Horizons

I love Van Nuys. It's the heart of the valley and encapsulates some of the most pure LA flavor. It just doesn't get any more "LA" than Van Nuys Blvd:
https://maps.google.com/maps?q=van+n...350.25,,0,2.21

The cars, the density, the grittiness, the sound of a city bus pulling out and the heat coming off it, that's what I like.

It kind of reminds me of DTLA in a way, people don't think of Van Nuys or the Valley as urban...but they probably haven't been to Van Nuys . I see it having some potential.

[HaemophilusAphrophilus]

Originally Posted by jm1982

It kind of reminds me of DTLA in a way, people don't think of Van Nuys or the Valley as urban...but they probably haven't been to Van Nuys . I see it having some potential.

are there any other areas outside of ventura blvd, NoHo, and Van Nuys in the valley that are more walkable like that stretch of van nuys blvd?

Another potential gentrification candidate is San Pedro (not the nicer parts of course). I was reading that the "projects" might be a hinderance but SP is a really underrated neighborhood

[buzzkillb]

My Mom lived in Highland Park in the 60's when Dodger players lived on their street. Back then they said the city would gentrify too. I don't see it fully changing over.

I also take my girlfriend to work most days in Boyle Heights, and a lot of properties that would make sense to sell have been sitting. Still seems like a junky area. But if that big housing development goes in, that could be the turning point. The only problem is that there may be the housing burst 2.0 before that project takes off. Maybe next go around that might be the place to be with Downtown's build out going on right now.

To me Mid-City seems to have a lot of potential. Bad enough that not everyone wants to go there, but just enough people fixing up the charming houses to slowly build up the area block by block. I thought this would happen in Highland Park, but it seemed purely flippers doing this to artificially increase the property values.

[yby1]

Originally Posted by HaemophilusAphrophilus

are there any other areas outside of ventura blvd, NoHo, and Van Nuys in the valley that are more walkable like that stretch of van nuys blvd?

Another potential gentrification candidate is San Pedro (not the nicer parts of course). I was reading that the "projects" might be a hinderance but SP is a really underrated neighborhood

San Pedro is really cool. Great spot for artists. 6th St shopping area is struggling, but its still cool. Reminds me of Hollywood in the 80s -90s. Great bohemian vibe. There is still the gang element though.

[R-Tistic]

Originally Posted by yby1

Yes. That general area.

That area is such a shocker. I first went to a house at 127th and Hoover in High School...thinking it would be extremely dangerous or at least halfway, and I was like "whoa....this almost looks like Baldwin Hills!!!"

Just as with my area (Western, between Florence/83rd) I feel that the neighborhood outside of the houses may not become developed enough for "TRUE" gentrification...but that it's a great pocket that surprises most people and can end up having high value.

[jm1982]

Interesting about San Pedro I've never really hung out there . Just feels pretty far I guess , I'll have to check out that area though sometime .

Mid City I agree about too ... I'm not sure why someone would buy in Highland park versus midcity .. It seems like highland park is overvalued .. Midcity just seems like a much better location .

Buzzkillb, what do you mean properties that would make sense to sell ? The owners are trying to sell ? Or these are vacant properties ?

With inventory so low I wonder how many people are marketing to homeowners offering to buy their homes .

There's gotta be a ton of people in areas like Boyle Heights and highland park that have their homes paid off or bought them much cheaper . But then I guess where would they go ? Unless they were moving out of state or out of the city at least .

House next door to me just sold for over asking.. And I'm not even in a trendy area so it's pretty interesting ... It went under contract quick too .

If I had a big chunk of cash I'd probably buy rental properties where it makes sense.
I saw a 4plex in Ohio asking $25k with rents of $1300.
You could buy 20 properties like that for one of those $500k homes in a place like highland park . Gross rents would be $26,000 a month .

Probably not too many people thinking this way though .

[majoun]

Originally Posted by jm1982

Interesting about San Pedro I've never really hung out there . Just feels pretty far I guess , I'll have to check out that area though sometime .

Mid City I agree about too ... I'm not sure why someone would buy in Highland park versus midcity .. It seems like highland park is overvalued .. Midcity just seems like a much better location .

Highland Park has the Gold Line.

[munchitup]

Originally Posted by majoun

Highland Park has the Gold Line.

Yeah that is exactly what I was going to say. The biggest thing that makes me hesitant about Mid City is that it is not anywhere near any rail lines, and won't be for quite some time. Eventually the Crenshaw Line will get extended north up to the Purple Line, but that won't be a for a decade or more - I don't think the extension is even a Measure R project.

Highland Park also has that "Eastside-ish" appeal that the cool kids love so much.

[jm1982]

I view the rail lines as a benefit..but does the average home buyer really view them that way.

Is that why prices in Highland Park are so high? Or is it because of some perceived 'hipness'.

Just like with music and other things most people seem to pay high prices for something just because they heard it's cool.

Tons of major publications are pumping Highland Park as one of the hippest areas.

Many people have the herd/sheep mentality.

Once they start pumping Boyle Heights prices will skyrocket.