Spend a day in Leimert Park. You will see something unique, hear something rhythmic, smell some sensational, feel something rich…you will fall in love. Consider the incredible transit and commercial activity on the horizon, and you will look seriously at the housing inventory. Its famously passionate home owners are vigilant about preserving the history and charm of their South LA community. The lawns are manicured and meticulously landscaped. The streets lined with magnolia, palm, eucalyptus, maple and pine trees provides suburban comfort for anyone seeking it. The Spanish colonial homes built in the 1920s & 1930s have great character and bones as well as the Art Deco apartment buildings scattered about—everything you want in a planned community equal distance from Beverly Hills and the beach.
Looking beyond the beauty and nostalgia, Leimert Park is an emerging hotspot today due to the imminent groundswell of commercial and pedestrian activity. When the Leimert Park Village station opens in 2019, one of 12 stops connecting the Metro Expo Line at Crenshaw and Exposition Boulevards to the Metro Green Line near Interstate 105; travel between LAX, Downtown, Hollywood and other areas throughout will make this now beloved location even more desirable. Planned community improvements such as adding bike paths and connecting walkable spaces will transform the neighborhood further, as housing prices increase. Joint development built on Metro-owned properties with mixed-use residential and retail space will impact comparables and drive turnover.
Now, as your expert in all Real Estate matters related to emerging locations, let us revisit the theme of Buying smart in LA.
A neighborhood like this with traditionally low housing inventory, proximity to prime locations, on the brink of a long awaited, operational public transit system, is definitely one to watch. If you are actively in the market to purchase a home, then I strongly encourage you to take a closer look. Spend the day in Leimert Park. Visit the local Farmers’ Market on Saturdays, watch Capoeira practice in front of the Vision Theater, appreciate the murals, support the vendors, take in the public art…be moved by the Sunday morning drum circles.
Crissi Avila will teach you how to buy smart. We’ll look at location, development, and turnover so you can spot opportunities long before most even start considering them.