Los Angeles Gentrification Bounded By LaBrea Av to the West, DTLA to the East, Pico Bl to the North, & Adams Bl on South (Santa Monica: crime, how much)

[sargentodiaz]

I thought that area is known as Little Korea.

I grew up in Ardmore between Pico, Olympic, Vermont, and Western and always thought it was "gentrified".

[pwright1]

Originally Posted by yby1

Check out Lafayette Square or Victoria Park in Mid-City to see the big historic houses.

Here is a street in the Adams-Normandie area of South LA.

http://goo.gl/maps/Jp6ek

There is a mixture of big historic homes and midcentury apartment buildings and really ugly buildings.

The 2200 block of south Harvard Blvd has been butchered but still has a couple of gems. Also the big brown home has been used in many movies and tv. The house right next door belonged to Gone With The Wind star Hattie McDaniel for many years. Just west of Western and north of Adams has tons of beautiful old refurbished homes and diamonds in the rough.

[sargentodiaz]

I just did a Bing Map search for 1124 So Ardmore Ave., the house I grew up in that was built in 1901.

It's still there and the house next door is exactly the same!

Only things missing are the two old palms, an avocado tree, and the big fig in the back yard,

[yby1]

The area around 24th and Arlington is pretty cool too.

http://goo.gl/maps/jnVEV

If you have a million dollars, you can buy this place and fix it up in West Adams Avenues.
3115 West ADAMS Blvd, Los Angeles, CA 90018 | MLS# SR13252667 | Redfin

Renovated for $859k
http://www.redfin.com/CA/Los-Angeles...8/home/6898542


Farther down in Baldwin Hills. This fantastic house needs updating. $650k, but great view.
4161 DON JOSE Dr, Los Angeles, CA 90008 | MLS# 13-719315 | Redfin

[jm1982]

Originally Posted by yby1

The area around 24th and Arlington is pretty cool too.

http://goo.gl/maps/jnVEV

If you have a million dollars, you can buy this place and fix it up in West Adams Avenues.
3115 West ADAMS Blvd, Los Angeles, CA 90018 | MLS# SR13252667 | Redfin

Renovated for $859k
2315 West 25TH St, Los Angeles, CA 90018 | MLS# BB13125200 | Redfin


Farther down in Baldwin Hills. This fantastic house needs updating. $650k, but great view.
4161 DON JOSE Dr, Los Angeles, CA 90008 | MLS# 13-719315 | Redfin

Only problem with this ... "If you have a million dollars,"...!

Nice homes though for sure. Not sure if I'd want to live in the area though for that kind of money... I'm sure others would disagree though.

[jamills21]

Originally Posted by jm1982

Only problem with this ... "If you have a million dollars,"...!

Nice homes though for sure. Not sure if I'd want to live in the area though for that kind of money... I'm sure others would disagree though.

Some of those houses are over priced, but they are HUGE homes with BIG Backyards in the middle of the 2nd largest city in the US. try finding a home that inexpenisve for that size in NYC, SF, CHI, DC, Tokyo, London, Paris etc... I think more of the houses that size are around the 600,000-800,000. That sounds expensive but you are effectively buying a mansion in the middle of the city.

[jm1982]

Originally Posted by jamills21

Some of those houses are over priced, but they are HUGE homes with BIG Backyards in the middle of the 2nd largest city in the US. try finding a home that inexpenisve for that size in NYC, SF, CHI, DC, Tokyo, London, Paris etc... I think more of the houses that size are around the 600,000-800,000. That sounds expensive but you are effectively buying a mansion in the middle of the city.

True when you look at the price per sq ft it's not insane ,but the homes are huge.

Price per sq foot does generally seem to go down on bigger homes.

Also largeness/population size of a city doesn't necessarily dictate home prices.

You can actually find some really cheap properties in Chicago that are 'less desirable'. Actually much cheaper than the less desirable parts of L.A

Also Houston #4 - is a huge city but it's known for affordable housing. Also their job market is better than ours. #5 Philadelphia also you can buy places in areas near amenities,etc for low prices .

Detroit is #10 in population so it's bigger than San Francisco (#14)...but we know SF property is more expensive.

I'm sure they might not be in 'great areas'...but where in L.A can you find a house for under $50,000 in ANY area?...

In Chicago there are over 500 houses $50k and under ..and thats single families..it jumps to over 800 if you add multifamily
Real Estate Search | Redfin

This historic home is 5000sq ft and renovated and asking 550k
6726 S CONSTANCE Ave, CHICAGO, IL 60649 | MLS# 08405597 | Redfin

[yby1]

Originally Posted by jamills21

Some of those houses are over priced, but they are HUGE homes with BIG Backyards in the middle of the 2nd largest city in the US. try finding a home that inexpenisve for that size in NYC, SF, CHI, DC, Tokyo, London, Paris etc... I think more of the houses that size are around the 600,000-800,000. That sounds expensive but you are effectively buying a mansion in the middle of the city.

Homes closer to the city center are also becoming more desirable, which is part of the reason why these type of historic homes are attracting more buyers. South LA, especially the northernwestern part of South LA (Uni Park, Expo Park. Adams-Normandie, Jefferson Park) are getting more interest.

LA is a hot RE market, more than Chicago or Houston.

[jm1982]

Actually Houston is probably a hotter market than you might expect right now.

Apparently it's the second hottest market after San Francisco

http://www.bizjournals.com/houston/n...2-on-ulis.html


Top 5 predictions for Houston real estate in 2013: Home prices, ren... - CultureMap Houston

This article is interesting because it states inventory is at a 12yr low and home builders say there's a shortage of lots to build on.

The Houston market is more because of the economy and good jobs, while in L.A it's more about people wanting to live in L.A - the weather ,etc.

Their economy is definitely better than ours overall.

Not here to promote Houston, but I think it's often not recognized to big as important as it is.

[pwright1]

Originally Posted by munchitup

Do you remember what streets those were on? Those are some incredibly beautiful buildings, especially when renovated.

On the north side of Adams Blvd around 20th thru 25th, Arlington, Gramercy and a few others.