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Get in while getting's good

Brokers suggest a handful of Southland neighborhoods where home prices may appreciate handsomely.

June 01, 2003|Wendy Jaffe

Experienced real estate brokers around Los Angeles County were asked for their predictions on what communities they expect to experience rising home values. Among those they chose:

Elysian Heights: In this neighborhood near Echo Park and Dodger Stadium, California bungalows with views and character range from $200,000 to the mid-$300,000s.

Mt. Washington: This area offers the country feel of Laurel Canyon for half the price. A typical home is less than $500,000.

Pickfair Village: Prices here have risen substantially in the last couple of years. Continued growth is expected as more prospective buyers view it as a safe area. The Los Angeles community occupies the area running from about Pico Boulevard to Venice Boulevard and from Fairfax Avenue to Hauser Boulevard.

South Torrance/Hollywood Riviera: In the part of Torrance near the ocean, older houses are being rebuilt, increasing values in this quiet community. Tear-downs with beach views are available for about $500,000.

West Hills: While most of this area feeds into the Los Angeles Unified School District, small isolated sections of this San Fernando Valley town are in the high-scoring Las Virgenes School District. For the best values, look at Corie Lane, where houses are in the mid-$400,000s; the Kittridge area beyond Knapp Ranch Park; and the Castle Peak homes off Vanowen Street where homes range from the high $500,000s to the low $600,000s.

West Long Beach: This neighborhood west of the 710 Freeway has starter homes in good condition for less than $200,000.

West Simi Valley: Homes are still available in the mid-$400,000s, and a commercial center planned for the area may indicate that it is on an upswing.

West Van Nuys: Homes of more than 2,000 square feet in this section of Van Nuys adjacent to Sherman Oaks sell for between $300,000 and $400,000, far less than their Sherman Oaks counterparts.

-- Wendy Jaffe

Sources: Michelle Lavin Cohan, Re/Max Grand Central; Joe Diab, Prudential California Realty, Estate Properties; Hal Cutler, Coldwell Banker Residential Brokerage; Harvey Mark, Prudential California Realty; Mauricio Umansky, Hilton & Hyland; Chuck Costigan, Amerifund Lending Group; Jack McSweeney, Remax Palos Verdes; Christine Taylor, Coldwell Banker, Brentwood; Kim Horowitz, Dilbeck GMAC Realtors; Jim Pascucci, Re/Max on the Boulevard; Rosemary Low, DBL Realtors; Betty Hopper, Ramsey-Shilling Associates, Toluca Lake. Photo resources: Linda Barnes, Coldwell Banker, Burbank; Kevin Godley; Re/Max Olson & Associates Inc.

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