Before I get into all the benefits of purchasing in Inglewood, Ca, allow me to address your burning questions about those insane appreciation rates! Yes, despite a nationwide downturn in the housing market, Inglewood appreciation rates are among the highest at 7.81%. That is higher than 85% of US cities and towns. Why? Location and the fact that neighborhoods are near shopping, green spaces and social event activities are among the most stable in which to settle. That is not Inglewood today, I know, but it is coming.
The Los Angeles Stadium at Hollywood Park, new home of the LA Rams (set for completion by the 2019-2020 season) promises an infusion of investment in nearby retail and residential activity. The likelihood that Metro will add an extension to the light rail system, providing stadium access, is great. Existing plans to further reduce congestion and increase walkability are strong indicators of transition.
Inglewood has its cultural challenges, but smart buyers and savvy investors understand the value of purchasing the worst house on the block.
Very much like compact east coast cities, housing here is ideal for creating mixed-use living space with bustling business, arts and entertainment centers. The expansive apartment complexes and large apartment buildings support an organic evolution of green-living in the area. Single-family homes are reasonable in size and price, averaging in the mid - $400s. Development of the nearby City of Champions neighborhood is appealing to the influx of trendy urbanites already showing up—spill over from the burgeoning “Silicon South” tech boon. Easier access, via transportation, to destinations like LAX, DTLA, WeHo and Hollywood is another draw for this group. Coupled with the sustained appreciation in surrounding areas like Playa Vista, Westchester, Baldwin Hills and Ladera Heights, the future City of Inglewood will finally complete the regional transformation in South LA.
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.