Here are 5 L.A. Neighborhoods Where $960K Can Score You a Great Home

Because just under a million is still better than an entire million

Editor’s Note: This list is from our October 2017 L.A. Real Estate issue. For the rest of the L.A. Real Estate package, check out the issue.

We’ve found a handful of neighborhoods where you can buy prized real estate that (by the standards of the current market) is still somewhat reasonably priced (we fully realize those words have no meaning anymore).

1. Mid City

Median Home Price: $873,700

Average Days on the Market: 35

Mid City Spanish-style homes. Los Angeles, California

Photo by Lisa Corson

Bounded by Crenshaw and Robertson to the east and west and Pico and the 10 to the north and south, Mid City features a diverse housing stock of Craftsman, midcentury modern, and Spanish-style duplexes, with more multifamily housing on the way, including the 45-unit Hello Saturn apartments. The area is also home to World of Wheels, the legendary (and newly re-opened) skating rink immortalized in Snoop Dogg’s 2011 song “The Way Life Used to Be.”

2. Hastings Ranch

Median Home Price: $818,600

Average Days on the Market: 49

A working ranch way back when, the Pasadena neighborhood had been subdivided by 1942 for the ranch-style homes of midcentury architect Edward Fickett. Many of the 1,800-plus houses remain intact. With Eaton Canyon practically in their backyards, the residents of the foothill community have easy access to hiking trails, a public golf course, and the spectacular holiday-lights display that folks in Upper Hastings Ranch put on each year.

3. Sawtelle Japantown

Median Home Price: $860,000

Average Days on the Market: 23

With a Japanese community that dates back more than a century, this Westside neighborhood was officially christened “Sawtelle Japantown” by the city two years ago. The main drag, Sawtelle Boulevard, is dotted with Asian restaurants, while no fewer than nine new buildings are in various stages of construction. Between them you’ll find a mix of ranch homes, minimalist postwar cottages, and an occasional prewar bungalow, but they don’t sit for long.

4. Palms

Median Home Price: $939,800

Average Days on the Market: 35

Streetcars spurred the growth of the Westside neighborhood in the early 20th century, when it was regarded as a midway point between Bunker Hill and the beach, and the postwar housing boom resulted in a dense cluster of dingbat apartments. The Expo Line has made Palms a desirable middle ground again, with somewhat lower prices than in nearby enclaves. But with single-family homes here in short supply, competition for buyers can be stiff.

5. Toluca Lake

Median Home Price: $865,700

Average Days on the Market: 34

When comedian Bob Hope built his mansion north of Lakeside Golf Club in 1939, the leafy neighborhood of period revival homes with generous setbacks and lush landscaping was already a celebrity magnet. Proximity to movie and TV studios and the gated neighborhood around the six-acre lake mean you’re likely to see famous faces at Trader Joe’s. Even the most modest postwar Minimal Traditionals are often in a parklike setting.

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