Canoga Park - Yeah or Nah?

[jacktravern]

Originally Posted by citirez

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.

[nightlysparrow]

Originally Posted by citirez

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.com®

[Kings Gambit]

Originally Posted by citirez

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.

[CaliforniaCollie]

Originally Posted by Kings Gambit

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.

[HB2HSV]

Originally Posted by Kings Gambit

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.