Recently, Melissa Runnels of Intersections South LA, wrote an article called Hidden gems in South LA for homebuyers.
“Everyone knows that real estate is expensive in Los Angeles. And everyone knows how hard it is to get a home loan these days. So you would think that real estate agents are sitting glumly at their desks waiting for phones to ring, drumming their fingers, watching their bank accounts dwindle.
Not in South Los Angeles, where property is selling in some areas.
Real estate agent Natalie Neith, who specializes in historic homes in South L.A., said there are three main reason buyers are looking at South L.A. Firstly, these neighborhoods have preserved a lot of older architecture. Some of them need fixing up – Neith just sold an historic fixer-upper to a former writer/producer for the TV show “House” – but many are move-in-ready.
…Leimert Park, West Adams, Baldwin Hills/Crenshaw. Don’t believe the negative hype. Things are happening, and these neighborhoods are ready. Home buyers are taking note.”
It is well worth the read. She talks about transportation improvements, getting a loan, the upswing in values and the neighborhood safety in the area.
Read more on the Intersections South LA