What's Parts of LA will be gentrified in the next decade? (Los Angeles: section 8, for sale)

[Dave Coe]

Originally Posted by jamills21

I grew up in mid city and still live here. This is the ultimate looks can be deceiving area of Los Angeles. The main streets of Pico, Venice, and Washington are all not the nicest places and can be run down. The homes however are all nice and filled with the most diverse group of people. My hood is filled with Middle Class Blacks, Latinos, Asians, & White. All the new home that have been bought in the last 3 years have been bought by either Korean or White families. Most people would never know that because they think the neighborhood is "ghetto". I'' more suprised that business hasn't caught up with the gentrification especially east of La Brea. There is a lot of potential In the area as it is also fairly walkable, it's just that there aren't too many business that you would want to walk to on a daily basis. All in all... It's a great neighborhood.

http://www.city-data.com/forum/los-a...id-city-2.html

[ihatedcu]

All sub $400~$500k area will be gentrify!!! Why, because that's all most middle class will qualify for. If your middle class, then you got 3 choices. Rent, buy in those sub $500k homes, or gtfo.

[John_marts]

It looks like Westlake is starting to gentrify based on me looking for apartments. Most of them seem to be going through renovations. It definitely has potential but its pretty far off now.

[Dave Coe]

Pico-Robertson Orthodox head East

[jm1982]

Originally Posted by ihatedcu

All sub $400~$500k area will be gentrify!!! Why, because that's all most middle class will qualify for. If your middle class, then you got 3 choices. Rent, buy in those sub $500k homes, or gtfo.

It would be cool if all 400-500k areas gentrified...but I think like all cities there will always be rough parts of the town .
I don't think it's realistic to think all of LA will gentrify , especially since it's so big .
Many people would rather drive further out than live in a really bad area .

I was just in Santa Clarita yesterday and while it's a lot different than LA you don't have dirty streets , trash , graffiti and many other problems that there are in LA.. For someone that wants a safe and clean area to live in I can see the appeal . There were condos in the town center area for quite a bit less than la
Also looks like they have opened quite a few new businesses there . Will be interesting to see how it develops in the future . it's is sprawling but not all parts of la are walkable either . At least walkable to decent stuff .

Also this sounds ridiculous .. But the McDonald's there actually served fries hot ... Which has been impossible to find near my house .

[NyWriterdude]

Originally Posted by jm1982

It would be cool if all 400-500k areas gentrified...but I think like all cities there will always be rough parts of the town .
I don't think it's realistic to think all of LA will gentrify , especially since it's so big .
Many people would rather drive further out than live in a really bad area .

I was just in Santa Clarita yesterday and while it's a lot different than LA you don't have dirty streets , trash , graffiti and many other problems that there are in LA.. For someone that wants a safe and clean area to live in I can see the appeal . There were condos in the town center area for quite a bit less than la
Also looks like they have opened quite a few new businesses there . Will be interesting to see how it develops in the future . it's is sprawling but not all parts of la are walkable either . At least walkable to decent stuff .

Also this sounds ridiculous .. But the McDonald's there actually served fries hot ... Which has been impossible to find near my house .

More of the low income people may move further out. In European cities the center city is for well off and the outskirts are for poor people. NYC is becoming like that.

Driving further out can end up taking a lot of time from one's personal life (included needed sleep) which is why we have gentrification to begin with.

Also the era of white flight is over and crime is down from the 80s and early 90s.

With that said every metro will always have poor areas.

[iama30something]

What about already decent areas like the Pico Neighborhood in Santa Monica or West LA, like Olympic / Bundy where the rail stations are opening up?

For example, the Bergamot Station (26th and Olympic in SM) doesn't have much of anything going on over there and with it's proximity to the beach and all of the SM businesses, I'm thinking new apartments, bars and restaurants will open once the Expo line begins.

I know it's not as exciting as Boyle Heights or Mid city, but these areas may see quicker change than something like Lincoln Heights which may take decades.

[jm1982]

I think these days talking about gentrification in terms of prices going up is kind of pointless.

Even in ungentrified areas you are looking at least 400k (for a single family house) .

Even though they aren't gentrified (yet) , Boyle Heights and Lincoln Heights seem overpriced. Small houses on small lots and they want quite a bit of money for them.

It's not like some other cities where the areas with potential might be under 100k or something.

For this small house in Lincoln Heights they want 399k , the lot is tiny 2600sq ft..and the house is 972sq ft.
https://www.redfin.com/CA/Los-Angele...1/home/6945486

I wouldn't be surprised if more development happens near the new rails stations.

[IM90046]

Originally Posted by iama30something

What about already decent areas like the Pico Neighborhood in Santa Monica or West LA, like Olympic / Bundy where the rail stations are opening up?

For example, the Bergamot Station (26th and Olympic in SM) doesn't have much of anything going on over there and with it's proximity to the beach and all of the SM businesses, I'm thinking new apartments, bars and restaurants will open once the Expo line begins.

I know it's not as exciting as Boyle Heights or Mid city, but these areas may see quicker change than something like Lincoln Heights which may take decades.

I agree. This is what I was saying earlier in the thread. Already nice areas like Westchester and Culver City might change into ultra desirable neighborhoods quicker than marginal ones turning nice.

[ihatedcu]

Originally Posted by NyWriterdude

More of the low income people may move further out. In European cities the center city is for well off and the outskirts are for poor people. NYC is becoming like that.

Driving further out can end up taking a lot of time from one's personal life (included needed sleep) which is why we have gentrification to begin with.

Also the era of white flight is over and crime is down from the 80s and early 90s.

With that said every metro will always have poor areas.

Yes, you see this in every international city. As traffic gets worse, we are going to see more people move into the city. Do I fight traffic and live out in the burbs or live in the city and save 4 hours? What's more important? If i live in the city, I get to spend 4 more hours with my kids. 4 HOURS.