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These affordable communities are far-flung and a long drive from the bustle of the city. But locals say the bargain prices and charms make the trade-offs worth it. Coldwell Banker Realty and Guaranteed Rate Affinity, LLC share common ownership and because of this relationship the brokerage may receive a financial or other benefit. You are not required to use Guaranteed Rate Affinity, LLC as a condition of purchase or sale of any real estate. Operating in the state of New York as GR Affinity, LLC in lieu of the legal name Guaranteed Rate Affinity, LLC. Venice Beach not only fronts the blue Pacific with white sands but holds a microcosm of the locales.
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You can bask in the sun at numerous swap meets or farmers' markets, enjoy the climate-controlled comfort of indoor malls, or search for the latest baubles at trendy independent boutiques. Even though the city has expanded its light rail system, it still coddles the car through multiple gigantic freeways and parking structures. Rising mortgage rates have discouraged many would-be homebuyers and kept the U.S. housing market mired in a slump for most of the past couple of years. As residents across urban California have decamped for more space and affordability in the exurbs, small towns statewide have grown in popularity. These towns represent islands of affordability in a state where the median home price is $789,000. California is home to 210 cities, towns and communities monitored by Zillow where the median home values are more than $1 million.
Communities in Los Angeles, CA
And if you or someone in the family is going to college, Westwood offers easy access to UCLA with homes and apartments tailored to students. Prices for the most expensive homes have kept climbing even as the inventory of high-end properties has increased sharply this year. All told, the number of luxury homes on the market jumped 12.6% in the first quarter compared to a year earlier, while new listings surged nearly 19%, Redfin said. One reason for the diverging sales data is that wealthy home shoppers are more likely to have the financial flexibility to bypass financing hurdles by paying in cash.
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I acknowledge that I have read and agree to the Terms of Use and Privacy Policy. Trona’s heyday was in the early 1900s, when it was a company town, established in 1914 and operated by the American Trona Corp. Early on, a central building housed many workers and all the town’s businesses, including a “pool hall, a barber shop, post office, library, grocery and department store,” according to the Searles Valley Historical Society.
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Built in the early 1960s and recently given a contemporary makeover, the all-white structure is nestled amid a grassy parcel of land spanning almost three-quarters of an acre. In the Searles Valley, the median household income was $54,000 in 2022, well below the statewide average of $92,000, according to census data. The poverty rate, however, was nearly 20%, far exceeding California’s 12% overall rate. Located less than four hours from Las Vegas and an hour from Death Valley, Trona offers a desert lifestyle with home prices that can’t be beat in California. Mining production increased and the town boomed to 6,000 people at its height.
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More recently, Searles Valley, which includes Trona, saw its population fall 15% between 2010 and 2022, according to census data. Trona, a “desolate area that was very much thriving back in the ’50s and ’60s,” was littered with abandoned homes after plants closed decades ago, said Berri, 49. Now, “people are fixing them up and making the community better,” he said.
These are the California cities where $150,000 still buys you a home. Could you live here?
Home prices have climbed consistently higher throughout the last year, so it is expected that values will continue to rise in the city. The city caters to all lifestyles, whether yours is fast-paced or laid-back. Even in the winter, you won't have to worry about the weather to engage in your choice of dozens of activities.
The home at 2538 Sundown Drive is for sale at $2.3 million, listed by Compass agents Carl Gambino and Ariel Putman, and was recently shared on real estate fan account Zillow Gone Wild. Beyond the public schools and private schools in Los Angeles, there also are several institutions for higher learning in the city. California State University - Los Angeles, University of California - Los Angeles, and California State University - Northridge are the three public universities in the city. There also are several private universities and colleges, including the American Academy of Dramatic Arts, the American Jewish University, Los Angeles Film School, and Woodbury University, to name a few.
Herlong, located along the border with Nevada, 90 miles north of Lake Tahoe, is another town with a low median home value. It’s an army town named after a World War II-era captain and home to a military storage facility. But if you look hard enough, there are still a handful of cities where the median price of a home is less than $150,000. The house reportedly first hit the market in February at $1.499 million ...
Between the gorgeous year-round weather and the eclectic culture that can be discovered in the city, homebuyers will find that there's no better place in California to invest in real estate. For information about homes for sale in Los Angeles or to schedule a private home showing, contact your expert Southern California real estate agents today. The multiple listings information is provided by The MLS/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2024 The MLS/CLAW.
Here, the tanned and fit frolic at outdoor gyms, crazily costumed street entertainers vie for applause, and street hawkers push the trendiest items. Walk south on the boardwalk and you can admire the yachts that berth at Marina del Rey. Indoor pursuits get their educationally enriching expression at Museum Row on Wilshire Boulevard. The Los Angeles County Museum of Art reigns as the pre-eminent institution collecting almost 130,000 objects representing nearly every county and the history of art.
But as the nearby town of Ridgecrest grew and the mining company shrunk, Trona withered. Developers built fewer homes in California in 2023, potentially leading to higher prices and rents as a supply shortage worsens. “It’s gone downhill, but it seems to be coming back a bit,” Epperly, 80, said of the once-bustling town, built on the mining and production of borax, a potent cleaner, flame retardant and component in glass products like car windshields.
"It's a very special house where people immediately get, you know, emotionally connected when they're there." If you have feedback about an individual agent or office, please locate the office and contact the manager.
Gambino said the Glassell Park area where the home is located is popular among artists, musicians and actors. Many people who fit the bill have come to see the house, but it has also attracted a wider range of potential buyers like a chef who would use it entertain, and other business people who are interested in the home as a piece of art. The two-bed, two-bath home sits on a quarter-acre lot, and Putman boasted the gardens and terraces as a draw for potential buyers. Plus, it has a great view of the city, she said, making it the ultimate LA outdoor space.
The key to understanding the Los Angeles real estate market is to realize that the city itself is divided into many distinct neighborhoods and suburbs, each of which offers its own unique atmosphere and amenities. The homes for sale in Los Angeles can range from quaint apartments and townhomes within walkable downtown areas to breathtaking mansions in high-end neighborhoods, the likes of which can't be found anywhere else in the world. Los Angeles condos, gated community homes in Los Angeles, and luxury homes are all popular housing styles in the city.
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