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I provide computer services to this gated community, and know it quite well. The oaks is beautiful, very upscale the higher you go on the hill the more celebs you might meet . Keep in mind, that if you choose to live close to them you will "enjoy" some paparazzi activity. it is not as hot, very cool afternoons, however when we have Santa an conditions it is hot like everywhere else. If you can afford a house there, you can afford 24/7 A/C.
As for location, no, no bad places around, not in a 10-15 mile range, until you hit Van-Nuys and it's hoods. Down the hill you have teh commence, a beuatiful shopping center with multiplex cinemas. if you want to travel south you will spend time in traffic, a lots of it. bottom line, if i could afford it, I would buy a house there, and, you need cash dude, they will not talk to you without it :-).
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