Real Estate

5 Hottest Real Estate Neighborhoods in L.A.

Comments (6)


Tue, Jul 16, 2013 at 8:03 AM
click to enlarge REDFIN
  • Redfin

Real estate has been on fire in Los Angeles. "Economic recovery" doesn't begin to explain the ridic levels of interest in home-buying, from bidding wars to all-cash offers.

It's a jungle out there. But you'd be surprised to learn that some of the areas with the highest price increases don't have a 90210 zip code. No, in fact our top 5 hottest real estate neighborhoods are all inner-city communities. Hipsters beware:

The kind folks at online real estate marketplace Redfin crunched the numbers for us and found that these areas dominated when it came to June, 2012 to June, 2013, per-square-foot price increases:

  • Brian Swanson Photography / LA Weekly Flickr pool

5. Mid-Wilshire. Yeah, we told you last year Koreatown was "America's Hippest Neighborhood," but we didn't realize that its long-affordable real estate would catch fire so soon. June-over-June increase: Nearly 62 percent. Median square foot price? $551.

click to enlarge JOEY Z1 / LA WEEKLY FLICKR POOL
  • Joey Z1 / LA Weekly Flickr pool

4. Central City. We're talking here about South Los Angeles, specifically the neighborhood south of downtown represented by the LAPD's Newton Division. Surprised? Us too. The June, 2012 to June, 2013 increase is nearly 63 percent, says Redfin. The median price of a square foot: $205. That's a deal. And it's near USC.

  • Courtesy Stephen Zeigler

3. Downtown. Another gentrifying, hipsterizing 'hood makes the list. DTLA got swamped with condos that had to be converted to rentals during the Great Recession. Looks like they're making a comeback as ownables. Redfin says the June-vs.-June increase is nearly 66 percent, with the median square-foot price at $280. Still sounds like a discount compared to some other areas (read on ... ).

  • Brian Swanson / LA Weekly Flickr pool

2. Silver Lake / Edendale / Echo Park. This is probably not that surprising, given the years-long trend of gentrification in the area known for its hipsters. (They must be rich hipsters). According to Redfin this part of the "Hipster Triangle" has seen a near 81 percent increase in June-over-June prices, with the median square-foot going for $575. Gulp.

And the hottest home-buying area in L.A. is ...

Related Content

Now Trending

Los Angeles Concert Tickets


  • 21st Annual Classic Cars "Cruise Night" in Glendale
    On Saturday, spectators of all ages were out in multitudes on a beautiful summer night in Glendale to celebrate the 21st annual Cruise Night. Brand Boulevard, one of the main streets through downtown Glendale, was closed to traffic and lined with over 250 classic, pre-1979 cars. There was plenty of food to be had and many of the businesses on Brand stayed open late for the festivities The evening ended with fireworks and a 50th anniversary concert from The Kingsmen, who performed their ultimate party hit, "Louie, Louie." All photos by Jared Cowan.
  • The World Cup Celebrated And Mourned By Angelenos
    The World Cup has taken Los Angeles by storm. With viewings beginning at 9 a.m., soccer fans have congregated at some of the best bars in the city including The Village Idiot, Goal, The Parlour on Melrose, Big Wang's and more. Whether they're cheering for their native country, favorite players or mourning the USA's loss, Angelenos have paid close attention to the Cup, showing that soccer is becoming more than a fad. All photos by Daniel Kohn.
  • La Brea Tar Pits "Pit 91" Re-Opening
    Starting June 28th, The Page Museum once again proudly unveils the museum's Observation Pit, which originally opened in 1952 but has spent most of the last half century closed. Now visitors can get an up-close look at Pit 91, which is currently under excavation. The La Brea Tar Pits, home of the Page Museum, is one of the world's most famous ice age fossil locations, known for range of fossils from saber-toothed cats and mammoths to microscopic plants, seeds and insects. The new "Excavator Tour" is free with museum admission if purchased online at tarpits.org . All photos by Nanette Gonzales.