Luxury Real Estate in Beverly Hills, Hollywood Hills, Brentwood, and Malibu
Los Angeles is one of the leading luxury real estate markets in the entire world, with the neighborhoods of Beverly Hills, Hollywood Hills, Malibu, and Brentwood being among the most coveted. This is not surprising, considering the wealth of attractions Los Angeles has to offer to prospective buyers.
Long considered the entertainment capital of the world, Los Angeles now has a burgeoning tech scene—going by the moniker Silicon Beach—that is attracting a variety of startups and tech companies. Los Angeles’ sports scene is also heating up now that the best basketball player in the world, LeBron James, has joined the Lakers. LA is seen as one of the best real estate markets because the world’s multi-millionaires and multi-billionaires consider it a safe place to invest their wealth. Continue reading to discover why these four locations are considered the epitome of Los Angeles luxury real estate.
Beverly Hills Luxury Real Estate
Beverly Hills started out modestly as a Spanish lima bean ranch before being incorporated in 1914 by investors who were seeking oil, but found water instead. Today, it has become one of the most renowned cities in the world, with arguably the world’s most famous zip code: 90210. With that notoriety comes high real estate prices, the average Beverly Hills home costs about $3.5 million.
Even though Beverly Hills may seem intimidating and exclusive from the outside, it is actually one of the more friendly and approachable of the affluent neighborhoods. That is one of the reasons why so many people want to live there. Other reasons include the fact that Beverly Hills is a very safe area with a low crime rate and none of the gang activity that plagues other parts of Los Angeles.
Beverly Hills also has a very good school system with several public and private schools to choose from, making it more family-friendly than most cities of LA. One of the best things about living in Beverly Hills is that it is easy to walk to any location in the city, including the prestigious shopping district of Rodeo Drive. If you need to get out of the city, then the central location of Beverly Hills makes it easy to travel to many key locations in Los Angeles, like Hollywood and Westwood. All of these reasons are why Beverly Hills is one of the locations for prime luxury real estate in Los Angeles.
Hollywood Hills Luxury Real Estate
Hollywood Hills is one of the most iconic neighborhoods in the world, mainly because of the famous Hollywood sign, a beacon of glitz and glamor that attracts tourists and residents from across the globe. But it did not start out that way. It was first home to the Tongva, who are a group of Native Americans, and then the Spanish. However, once Hollywood became the center of entertainment in the early 1900s, development exploded as the various studio chiefs and movie stars needed a place to live that was close to the action.
Architects used advanced-for-the-time engineering techniques that enabled them to build houses on the steep hillsides of the Hills. This gifted residents with impressive views of the city and the canyons, a feature still in demand to this very day and one of the reasons why a home in the Hollywood Hills is so desired. Featuring designs by legendary California architects like Richard Neutra and Wallace Neff, the Hollywood Hills comprise several timeless architectural masterpieces.
The great location, laid back atmosphere, easy access to the San Fernando Valley and the Westside, as well as the public school system, make the Hollywood Hills a highly desirable location even to people who are not power players in the film industry. Prices in the Hollywood Hills are relatively reasonable compared to other affluent LA neighborhoods, with the average home price hovering at about $1.8 million. Anyone interested in buying a home in this area should expect serious competition, so it is important to find an agent with detailed knowledge of the luxury real estate market in the Hollywood Hills area.
Brentwood Luxury Real Estate
Brentwood is one of the more exclusive neighborhoods in Los Angeles. Originally called Westgate, the neighborhood was one of Los Angeles’ first commuter towns. Once land became available in the Brentwood Park subdivision, residents began to build luxury homes on the newly available vacant lots. This undertaking was very successful and led to the entire area being renamed Brentwood.
Brentwood is a quiet, exclusive, luxurious neighborhood that is very family friendly. Those looking to partake in the wild LA party scene are advised to look elsewhere, as this neighborhood is meant to be a haven from the hustle and bustle people associate with Los Angeles. This does not mean that there is nothing for Brentwoodians to do with their free time. There is a petting zoo for the kids, two of the most exclusive golf courses in LA—namely the Brentwood Country Club and Riviera Country Club—as well as the fabulous Getty Center for live events and art.
The main types of properties available in Brentwood are homes from the 50s and 60s that need to be updated, newly developed homes, and older homes that are ready to be demolished. There is a lot of competition for homes in Brentwood, especially if it is being built on land that is in a highly desirable location. However, older homes that might need some renovation are available if buyers are interested in putting in the work.
Malibu Luxury Real Estate
If there is a city that seems like the ultimate distillation of Southern California culture, then Malibu is it. This beach city is a haven for surfers, but it is also popular with movie stars and other luminaries of the entertainment industry. Where there are beaches, there is beachfront property, and naturally, that property tends to be expensive, which helps to give Malibu its air of rarified exclusivity.
That is not how Malibu started out though. It begain as a Spanish land grant called Rancho Topanga Malibu Sequit—or Rancho Malibu—that was bought by Frederick H. Rindge in 1892. He was the fourth and final owner of that property. After his death in 1905, his wife, May K. Rindge, took over the business. She fought to keep the land private and blocked the development of a nearby railroad and tried to block the building of what would become the Pacific Coast Highway.
The mounting bills from her legal battles forced her to start renting some of the land to movie stars. Studio carpenters built cottages for the stars, and the Malibu Motion Picture Colony was born. Eventually, the renters bought their properties and tore down the cottages to build bigger, better homes, and thus, Malibu became one of Los Angeles’ most star-studded enclaves.
During the Post-War boom of the 1950s, Malibu became even more popular as surfers and beach bums flocked to the neighborhood, which would become immortalized in movies like Gidget, and in songs by the Beach Boys. Today, Malibu is an exclusive community where even mobile homes sell for millions of dollars. Naturally, oceanfront and beachside properties are the most expensive, with most single-family homes starting out at nearly $3 million.
Los Angeles Is A Haven For Luxury Real Estate
Los Angeles’ reputation as one of the top playgrounds of the rich and famous is well-earned. It has several high-class, highly exclusive neighborhoods where the average home sells for millions of dollars. However, the old truism of getting what you pay for certainly applies, as the luxury real estate of Beverly Hills, Brentwood, Hollywood Hills, and Malibu is among the best in the world.
Each of those neighborhoods is different in its own way, which is also one of the appealing aspects of the luxury real estate in Los Angeles—there is something there for everyone. As long as you can afford it.