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Old 02-05-2017, 01:19 PM
 
Location: Where the sun always shines
2,171 posts, read 3,123,090 times
Reputation: 4491

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Quote:
Originally Posted by citirez View Post
Looking to buy with a budget of under $300K. While the area does not sound recommended at all (not sure it's worth risking my life...) - any idea on upward potential say in the next 5-10 years?
Honestly, in LA, if you're looking to buy with a budget that low, than you are not really serious about buying.
That budget puts you in the worst parts of the county or the most far reaching places, ala Lancaster.

Simply put, it's a low income area with Bad schools, Dollar Stores and liquor stores all over, so You do the math. And its a bit off of the freeway to boot.
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Old 02-05-2017, 01:37 PM
 
Location: TOVCCA
8,452 posts, read 14,139,634 times
Reputation: 12505
Quote:
Originally Posted by citirez View Post
Looking to buy with a budget of under $300K. While the area does not sound recommended at all (not sure it's worth risking my life...) - any idea on upward potential say in the next 5-10 years?
If safety is the #1 concern, look in Simi: 2009 Calle La Sombra Unit 1, Simi Valley, CA 93063 - realtor.comĀ®
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Old 02-05-2017, 04:17 PM
 
Location: Encino, CA
4,208 posts, read 4,627,226 times
Reputation: 7512
Quote:
Originally Posted by citirez View Post
Looking to buy with a budget of under $300K.
That isnt enough. You need to save up for a few more years. I would say MINIMUM if you want a house in a somewhat safe/decent area will be $500,000.

$300k is totally unrealistic for a home here in LA. Even in the worst parts of South Central LA its a low number.
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Old 02-05-2017, 06:23 PM
 
113 posts, read 79,177 times
Reputation: 126
Quote:
Originally Posted by Kings Gambit View Post
That isnt enough. You need to save up for a few more years. I would say MINIMUM if you want a house in a somewhat safe/decent area will be $500,000.

$300k is totally unrealistic for a home here in LA. Even in the worst parts of South Central LA its a low number.
While there aren't too many 2b2b condos available under $300K, many are still under $400K in nice areas that aren't short sales or anything. I just went on Realtor.com. In Tarzana, Encino, Chatsworth, and Granada Hills there are 2b2b condos at under $400K in fairly nice parts. Two of them I actually looked at before I had to leave LA. If the OP doesn't mind a 1b1b he could get 1 at under $300K (there's a decent amount of them under his budget).

Like someone said though, you may want to consider Simi Valley too.
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Old 02-09-2017, 08:03 AM
 
8,743 posts, read 11,894,731 times
Reputation: 10491
Quote:
Originally Posted by Kings Gambit View Post
That isnt enough. You need to save up for a few more years. I would say MINIMUM if you want a house in a somewhat safe/decent area will be $500,000.

$300k is totally unrealistic for a home here in LA. Even in the worst parts of South Central LA its a low number.
^^^ This.

It sounds like you are not familiar with the San Fernando Valley. I'd suggest you rent first, get to know different areas before you rush hastily into an investment decision.

Personally if I work in West Hills (I can pretty much guess your employer), I can afford and would look for much better neighborhoods to live in.
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