Located on Los Angeles’ east side at the foothills of the Santa Monica Mountains, Los Feliz is a historic community filled with grand, sprawling residences and charming, long-standing apartment buildings. It offers its residents an unbeatable combination of big-city amenities and a small-town feel as well as easy access to some of Los Angeles’ best hiking trails and views. For these reasons and more, Los Feliz is a hot housing market, and we’ve got your guide as to why it’s a good time to invest now.
The Los Feliz Lifestyle
People come from all over Los Angeles to get a taste of the desirable Los Feliz lifestyle. With a strong cultural scene filled with art, music and top restaurants, Los Feliz has attracted many members of the entertainment industry who now call the neighborhood home. The area is also steeped in architectural history, with many Spanish-style villas, mid-century modern marvels, and early apartment buildings dotting Los Feliz’s streets and attracting buyers looking for a piece of Los Angeles history to call their own.
The neighborhood is also filled with hip boutiques and restaurants, encouraging a rich foodie scene and comradery among residents who spend their weekends browsing local businesses’ latest offerings, enjoying a great meal with friends and family at All Time
or Little Dom’s
, and closing the day with a craft cocktail at one of Los Feliz’s nightlife outposts like Tiki Ti
. The special Los Feliz vibe is one of its greatest assets and part of what makes it a great place to invest.
Small Town Feel in the City
In a similar vein, another major Los Feliz selling point is the way it offers buyers the charm of a small town without missing out on the amenities of a hopping city in a laid-back and effortless way. Being close to the mountains, residents have more privacy, a greater sense of seclusion, and enjoy proximity to nature--all while maintaining easy access to shopping, dining, and entertainment just a short drive away. There are few places in Los Angeles you can find this combination, making it a no-brainer for those looking for a unique investment.
Value and Variety
Thanks to its unique culture and ideal geographic location, Los Feliz and the surrounding neighborhoods have become highly desirable places to live in recent years. The neighborhood has a healthy inventory of homes in a variety of styles, offering something for every taste at a wide range of price points. However, it’s hard to go wrong with any purchase in Los Feliz. In the past year, the median sale price has increased by 5.4% to $1,590,00, and the median price per square foot has jumped 5.1% to $730.
There is variety in size and price as well depending on what you are looking for. While there are many multi-million-dollar estates peppered throughout the neighborhood, Los Feliz also offers options for those looking for a smaller investment, with condos in the village listed regularly for around $450,000. With more and more people looking to call this area home, there couldn’t be a better time to invest in this sought-after area.