LA's Most Expensive and Least Expensive Neighborhoods

Navigating the real estate landscape in Los Angeles can be quite the venture, especially when it comes to finding the most upscale neighborhoods.  A recent study by American Home Field delves into the realm of property prices per square foot, shedding light on the crème de la crème of LA's residential areas.

The illustrious Bel Air, an ultra-exclusive gated community, claims the top spot, boasting an average property cost of $1,318 per square foot.  On the flip side, the South Park neighborhood emerges as the least expensive in Los Angeles, with an average square foot cost of $419. 

Most Expensive LA Neighborhoods (per sq ft)

  1. Bel Air: $1,138

  2. Beverly Crest: $1,310

  3. Venice: $1,213

  4. Hollywood Hills West: $1,209

  5. Cheviot Hills: $1,145

Least Expensive LA Neighborhoods (per sq ft)

  1. South Park: $419

  2. Historic South Central: $425

  3. Central Alameda: $427

  4. Pico-Union: $453

  5. Vermont Knolls: $456

My Top Picks for Appreciation in 2024 for First-Time Home Buyers

  1. East San Fernando Valley 

  2. Northeast LA

  3. The Eastside

  4. Glendale

  5. Altadena

What to look for when finding the next hot neighborhood?

Los Angeles is a sprawling labyrinth of neighborhoods and cities.  I'm commonly asked, "Will the market appreciate in LA this year?" It's akin to asking about the nationwide real estate trends in America. LA mirrors the diversity of the entire country, featuring a broad spectrum of price points, property types, and regions, each experiencing appreciation in distinct ways.

Within every neighborhood, there are standout streets and exclusive pockets that command higher premiums than others. The key is strategic buying, enabling you to ride the wave of appreciation as different neighborhoods transform. 

There's no magic formula to pinpoint the next 'Hot Neighborhood.'  While stats and analytics offer insights, I delve deeper, observing shifts in demographics, the rise of trendy spots, and the surge in houses being flipped. 

LA is a dynamic landscape in constant flux, and my recommendations for the next hot spot evolve over time with the city's transformation.  Remember, LA is still a relatively young city, and I'm thrilled to witness its ongoing metamorphosis.  Invest wisely, and the city rewards you with appreciation like no other in the U.S.!