Highland Park: Trendy for Real Estate and Dining
Tracy King Realty
Houses, Land Management, House Rentals
Los Angeles’ most exciting enclave is the chic, trend setting, artistic living Highland Park. And it isn’t just the rising prices and sheer number of homes for sale in Highland Park at any one time. The original culture is being revived. Highland Park was home to Los Angeles’ first bohemian community. Progressive artists, scholars and architects came together to build an edgy, unique community that produced buildings like the Lummis House and Judson Studios. Their influence is still recognized today in designated “historic districts” like the Highland Park – Garvanza Historic Preservation Overlay Zone, which is home to over 50 odd historic cultural moments like refurbished classic Victorian homes, and Galco’s Soda Pop Stop.
The popular listings site “Redfin” named Highland Park as the most “up-and-coming” American neighborhood of 2013 and Highland Park realtors have been busy ever since, as the market has remained hot. This was determined by the strong increase of traffic and popularity in Highland Park’s on-market listings, sales volume, median price per square foot and sale-to-list ratio. The sales and increased prices of homes in Highland Park were far greater in comparison to any other metro neighborhood.
Even though Highland Park has becomethe new popular housing grounds, the prices seem to remain fairly reasonable. The median household income of Highland Park residents is $45,478. The average age is 28 and the percentage of residents who are 25 and older with a four-year degree is 14.3%. Many artists and musicians are moving from the expensive next-door-neighbors of Echo Park and Silver Lake to fix up a Highland Park digs. This hilly neighborhood just northeast of downtown is appealing to those who are struggling in richer areas of Los Angeles, but still have money to invest in a home. This initiated a house flipping epidemic and suddenly homes and apartment buildings were being renovated to accommodate higher paying tenants. Over thirty apartment buildings have been redone since 2014. These transformations from outdated buildings to trendy living pads have attracted new families, Generation Y professionals and creative townies that have helped transform the culture of the community.
The streets of Highland Park have received a luscious makeover with the help of its new citizens. The ever-popular York Boulevard consistently sprouts up new cafes, bars and shops to acclimate the fresh culture of people. Remnants of classic Highland Park culture remains with the predominance of classic Mexican food venues. Mexican food trucks and various restaurants are sprinkled throughout the nearby neighborhood like the famousEstrella Food Truck and chic El Huarache Azteca. The new culture blends easily with the old as coffee shops like the Café de Leche serve thirsty patrons who just attended the Second Saturday monthly gallery art night. Parking is never a huge obstacle to overcome on the weekend. Highland Park has the sense of a strong community that is working cohesively to develop its own unique culture.
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