The City of Angels is probably best known internationally for its beautiful, if somewhat less than angelic inhabitants globally recognised for their successes on stage and screen. For the majority of residents, however, Los Angeles is very simply just a great place to live, with a diverse culture, beautiful scenery, and more than 300 days of sunshine each year. With property prices on the up, there’s no time like the present to consider joining them and making an investment in the Los Angeles property market.
Home to over ten million residents, with a metropolitan area that stretches over 500 square miles, Los Angeles is by no means a small city. There’s a huge range of districts and neighbourhoods to choose from, each with its own demographics and characteristics designed to appeal to different audiences. Atmospherically surrounded by the Transverse Ranges Mountains, the San Fernando Valley is a popular choice with international buyers, as is Brentwood, also known as the home of several award-winning actors. The beach community of Malibu is an unsurprisingly popular holiday home spot, with investors flocking to the sunlit streets and glamorous mansions.
Although Los Angeles is by no means a one-show town, the proximity of Hollywood does attract a number of leading lights from the creative industries. Prospective residents of a more business-like frame of mind shouldn’t be put off, however, as the glitterati bring with them a whole host of gourmet restaurants and fabulous clubs that anyone with a reservation can enjoy. There’s a vast range of cuisines to choose from, partially thanks to the large expatriate communities recreating the tastes of home in LA – to resounding approval. Vegetarians are particularly well-catered for, but there are also several excellent Mexican, Asian and European eateries.
Living in Los Angeles is different from living in other major cities, not least because of the public transport infrastructure. While public transport is almost non-existent in certain parts of downtown LA where cars rule supreme, the subway system is currently being upgraded: and a high speed rail link is planned to be up and running between LA and San Francisco by 2020, making inter-city travel quick and easy.
Angelinos generally drive to and from work, and they’re used to having their personal space at home too. LA tends to sprawl and houses are very spacious. If you want to sing at the top of your lungs in your living room, you can feel free to do so without the dread of neighbours banging on the walls. For those who’d rather spend their evenings out and about, there’s no shortage of aspiring and established performers just waiting to put on a show for you, with theatres, comedy clubs and independent cinemas scattered liberally throughout the city.
If you’re planning a move to Los Angeles, Engel & Vӧlkers are in the perfect position to help make that big first step feel a little bit smaller. With offices across the globe, our experienced staff can talk you through all the finer points of expanding your portfolio to include properties in Los Angeles. Start browsing our range of fantastic luxury properties on the E&V Los Angeles website now.