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Old 12-07-2015, 09:41 PM
 
Location: SoCal
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I don't think you can find house for $1.5 million in Brentwood, Beverly Hills, or Westwood because it's hard enough to find them in Irvine and Newport Beach in that price range. But if you live in those 2 areas, your real estate will retain value, I've been a hosing analyst for 8 years. Also those areas have access to Laguna a Beach for restaurants. Yorba Linda, you will get more value for your money, my brother lives there, but it's kind of countryside , more land though, but it's hotter than South OC.

Last edited by NewbieHere; 12-07-2015 at 09:54 PM..
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Old 12-08-2015, 08:15 AM
 
Location: Laguna Niguel, Orange County CA
9,807 posts, read 11,133,689 times
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Quote:
Originally Posted by NewbieHere View Post
I don't think you can find house for $1.5 million in Brentwood, Beverly Hills, or Westwood because it's hard enough to find them in Irvine and Newport Beach in that price range. But if you live in those 2 areas, your real estate will retain value, I've been a hosing analyst for 8 years. Also those areas have access to Laguna a Beach for restaurants. Yorba Linda, you will get more value for your money, my brother lives there, but it's kind of countryside , more land though, but it's hotter than South OC.
There are many other areas that also have access to Laguna Beach restaurants in under 15 minutes: Dana Point, Laguna Niguel, Aliso Viejo and possibly Laguna Woods, Hills and maybe even the closest parts of Lake Forest.
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Old 12-08-2015, 02:29 PM
 
Location: Orange County
347 posts, read 666,499 times
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Originally Posted by legal_eagle View Post
Two words: Santa Ana.
Yup. Appreciation central right now.

Look in Floral Park... it will remind you of Hancock Park in LA. Just about a mile away from Downtown Santa Ana that has the best food, cafes, entertainment, in OC. Hipster central.
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Old 12-08-2015, 05:23 PM
 
18,172 posts, read 16,382,802 times
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Originally Posted by LuvSouthOC View Post
I don't agree. Corona del Mar has restaurants, etc. within walking distance...just find the house closeby.
Totally different vibe thabn Beverly Hills, Brentwood, etc.

Corona Del mar is one of my favorite cities, but nothing like what the OP wants.
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Old 12-09-2015, 08:46 AM
 
249 posts, read 266,773 times
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I don't believe you can get much for $1.5mil in any area mentioned including the LA cities.
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Old 12-09-2015, 11:51 AM
 
Location: OC/LA
3,830 posts, read 4,660,669 times
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Quote:
Originally Posted by cmarlin20 View Post
I don't believe you can get much for $1.5mil in any area mentioned including the LA cities.
Quote:
Originally Posted by Urban Planner View Post
Yup. Appreciation central right now.

Look in Floral Park... it will remind you of Hancock Park in LA. Just about a mile away from Downtown Santa Ana that has the best food, cafes, entertainment, in OC. Hipster central.

?

1.5m would probably get you a 3k+ s.f. remodeled home in Floral Park.
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Old 12-09-2015, 07:34 PM
 
Location: SoCal
20,160 posts, read 12,749,142 times
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Quote:
Originally Posted by LuvSouthOC View Post
There are many other areas that also have access to Laguna Beach restaurants in under 15 minutes: Dana Point, Laguna Niguel, Aliso Viejo and possibly Laguna Woods, Hills and maybe even the closest parts of Lake Forest.
Price appreciation is best in those two places I mentioned.
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Old 12-09-2015, 07:36 PM
 
Location: SoCal
20,160 posts, read 12,749,142 times
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Quote:
Originally Posted by cmarlin20 View Post
I don't believe you can get much for $1.5mil in any area mentioned including the LA cities.
My friend bought a 2800 sqft home in early 90s in Westwood for a million. I believe it's much more now, not $1.5 million.
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Old 12-09-2015, 07:45 PM
 
Location: Laguna Niguel, Orange County CA
9,807 posts, read 11,133,689 times
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Quote:
Originally Posted by NewbieHere View Post
Price appreciation is best in those two places I mentioned.
Actually no, I see houses sitting in Laguna Beach and they are dropping in price. I am not sure how they could be appreciating. Perhaps over the long term.
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Old 12-09-2015, 08:02 PM
 
Location: SoCal
20,160 posts, read 12,749,142 times
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Quote:
Originally Posted by LuvSouthOC View Post
Actually no, I see houses sitting in Laguna Beach and they are dropping in price. I am not sure how they could be appreciating. Perhaps over the long term.
I mentioned Irvine and Newport Beach. My house went up 50% in one year. I bought a house in Laguna Niguel in 1990 for $512k, when I last looked at it, in only went up to maybe $900k-$1000 million at best. Other areas are very similar to Laguna Niguel. While in Irvine , houses barely dropped in the housing bust, I was waiting so I could buy more. Same with Newport Beach and Newport Coast, my family lives there so I know.
I don't know about Laguna Beach, prices there do not seem to go up as much, perhaps because of the schooling. But I could be wrong.
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