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4 Up-and-Coming Neighborhoods in Los Angeles to Look for a Home

From Long Beach to Valencia, Santa Monica to Pasadena, the Los Angeles metro area comprises dozens of unique neighborhoods, each of them offering their own array of dining, entertainment and housing options.

Although it’s hard to find any truly hidden gems in Los Angeles, there are still a few up-and-coming neighborhoods where young, first-time buyers can be close to the action without spending a fortune. To help identify these parts of the metro area, we spoke with some of the top real estate agents in Los Angeles, as identified by OpenHouse Realty, a real estate data company (and a U.S. News partner). Here’s where they recommend looking for your next home.

[Read: 6 Things to Consider Before Buying a Beach Home in Los Angeles.]

Inglewood. In the city of Los Angeles, it’s hard to find a neighborhood of which savvy buyers aren’t yet aware. “Everyone’s looking everywhere, and so much of the city is already very pricey,” says Richard Schulman of Keller Williams Realty. But a place that’s getting a lot of attention right now — especially from buyers looking for a deal — is Inglewood.

Inglewood’s location near the 405 and 105 freeways and the major thoroughfares of La Cienega and La Brea boulevards makes it convenient to almost everything on the west side of Los Angeles, including the airport. Meanwhile, L.A. Metro’s new Crenshaw/LAX line will connect Inglewood to areas further north and east when it opens in 2019. Inglewood is also the future home of the city’s new NFL team, the Rams. However, “Inglewood is still a little behind the curve,” Schulman notes. “Commercial gentrification is nearby, but not quite there yet.”

Smaller single-family homes can be purchased in the mid-$400,000 range, which is significantly less than the average price in the city. But Schulman advises buyers to consider their priorities before making a decision.

“Buyers have to decide where they fall on the gentrification scale,” he says. “If you buy in an area like Inglewood, with a lot of un-remodeled homes and a lack of new construction, it’s going to be cheaper right now. But do you really want to live there yet?”

[Read: 5 Los Angeles Neighborhoods for Outdoor Enthusiasts.]

Wrigley. Located north of downtown Long Beach, the neighborhood of Wrigley has seen a lot of ups and downs. It was one of the many neighborhoods to tumble during the mortgage crisis, and one of the last ones to come back. But during the last 12 months, Long Beach real estate agent Jeff Anderson, with Anderson Real Estate Group, has seen a tremendous revival. “Every time we have a listing there, it’s gone in just a few days,” he says.

Wrigley is made up of Spanish-style single-family homes built in the 1920s, 1930s and 1940s. One section has even been designated a historic district. Buyers are drawn to the charming character of these homes and the area’s social, tight-knit community. “A lot of first-time homebuyers who are looking for older, charming homes with a lot of character are buying these houses,” says Anderson.

Home prices in Wrigley are in the low- to mid-$500,000 range, which is higher than some nearby neighborhoods, but pretty reasonable for the greater Los Angeles metro area. Though Wrigley lacks some of the commercial amenities of other Long Beach districts, Anderson is confident that businesses will start moving in soon. “So far, it’s just some mom-and-pop businesses and everyday fast food, but once the retail is more established, the area will be unbelievable,” he predicts.

Cypress Park. Neighborhoods close to downtown Los Angeles are benefitting from the adaptive reuse and new development that’s taken place over the past 15 years. Recently, northeast neighborhoods like Highland Park, Atwater Village and El Sereno, once considered “too far” from commercial centers, have become the trendiest places to lay down roots. With this hive of activity on the Eastside, what’s left to discover?

Tracy Do, of Tracy Do Real Estate and Compass, suggests Cypress Park. “It’s the closest to where buyers want to be, but still at a discount,” she says.

Located at the foot of Mount Washington, Cypress Park offers easy access to trendy commercial thoroughfares like York, Eagle Rock and Glendale boulevards, although it lacks its own dense business district as of now. The early 20th century Craftsman- and Spanish-style homes attract young professionals and first-time buyers who can afford something in the $500,000 to $600,000 range, which is is more affordable than homes found in more established Eastside neighborhoods.

[Read: 5 Expert Tips for Getting the Best Price on a Home in Hollywood, California.]

City Terrace. Do also recommends City Terrace, a hillside neighborhood close to East Los Angeles, where buyers will find two- to three-bedroom homes in the $300,000 to $400,000 range.

“[City Terrace is] only 10 minutes from downtown, and you’ve got beautiful views,” Do says. The neighborhood is attracting a lot of young buyers who want to step into the market at a price point significantly less than the average.

But City Terrace lacks the restaurants and shops many buyers seek. But City Terrace is a quick commute to thriving commercial areas in South Pasadena, Alhambra and El Sereno. The closest neighborhood, El Sereno, has been the latest eastern neighborhood to experience a renaissance, with hip coffee shops and restaurants moving into spaces on Huntington Drive.

Looking for a real estate agent in Los Angeles? Our Find an Agent tool can match you to the person who’s most qualified for the job.

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4 Up-and-Coming Neighborhoods in Los Angeles to Look for a Home originally appeared on usnews.com

Don’t Settle for Student Loans to Pay for Online Education

Online college programs are becoming a more popular choice for prospective students, with one study finding that more than 6 million students enrolled in at least one online course in fall 2015. The popularity of these courses can be attributed in part to their flexibility with working adults' schedules, students' ability to progress more quickly through online programs and, oftentimes, cheaper tuition. [See 10 low-cost online bachelor's programs for out-of-state students.]Online degrees can be beneficial to many college students, but some studies have shown online learners complete their programs at lower rates than students at traditional brick-and-mortar campuses. Individuals with student loans but no degree comprise two-thirds of defaulted borrowers. Though these numbers are not encouraging, just like for traditional programs, there are ways to reduce how much you'll need to borrow for an online program to ensure you won't become one of these statistics. Don't just settle on borrowing student loans to cover the whole cost of your program and living expenses. Instead, start thinking about how to cut costs and cover your balance in different ways, such as the following. -- Grants and scholarships: Even though you are taking an online course, you can still apply and receive grants and scholarships. But your first step should be to complete the Free Application for Federal Student Aid, commonly referred to as the FAFSA, which will allow you to receive a Pell Grant if your expected family contribution is low enough. The EFC criteria and award amounts are adjusted annually, but the 2017-2018 academic year awards range from $606 to $5,920, which could significantly lower the amount you borrow annually. Your next step is to apply for scholarships. You can start by checking online scholarship search engines, such as the Salt Scholarship Search, College Board's BigFuture and Peterson's. But don't forget to take advantage of local organizations and your school's financial aid office. Both may offer scholarships that you can't find with a national scholarship search. [Review these 10 sites to kick off your scholarship search.]For instance, organizations like the Elks Club, Knights of Columbus or the Rotary Club typically offer scholarships annually to local students. Just because you're going to school online doesn't mean you're ineligible. Visit your local library for scholarship listings, and ask around town. You might be surprised how many local organizations offer scholarships. While these scholarships typically aren't large, every little bit counts. Each dollar you receive in a scholarship is a dollar you don't have to borrow and pay interest on. -- Work-study: Another option for online students may be work-study awards. Not all students enrolled in online programs are eligible, but students at some schools -- including, for example, SUNY Empire State College and Liberty University -- are. Work-study awards are not given upfront like scholarships and grants. In most cases, they are an offer to earn up to the awarded amount if you secure an eligible work-study job. While there is a misconception that all work-study jobs must be on campus, students can work for off-campus, nonprofit or public employers as long as the work is in the public's interest. You may be able to work for a for-profit employer if the job is relevant to your course of study. No matter who the outside employer is, it will need to have an established agreement with your college for you to receive work-study funds. Remember, to be eligible for federal financial aid, you must be enrolled and pursuing a degree or certificate. If you're not working toward a credential, Pell Grants and work-study won't be option, but you may still be able to take advantage of private scholarships -- just be sure to read the eligibility criteria carefully. [Explore what to know about financial aid in online programs.]-- Pay as you go: One of the great benefits to enrolling online is the flexible schedule, which can allow you to complete your college coursework around your responsibilities. But prospective students often overlook using their part- or full-time job earnings as an option for paying for college. Almost 80 percent of college students in 2015 worked at least part time while attending classes, according to the National Center for Education Statistics. By budgeting and thinking strategically about your college costs, you can likely reduce your dependence on student loans by paying a portion out of pocket. Many -- but not all -- online programs are less expensive than traditional programs and often have shorter payment periods. Six, eight or 10 weeks are common course durations. Because of the frequency of payments in an online setting, you may be well-placed to pay as you go and possibly avoid borrowing altogether. Attending college online and avoiding student loans may be challenging, but if you are willing to put in the effort, you can limit the amount you need to borrow. More from U.S. News Q&A: Understanding Student Loan Discharge Eligibility Student Loan Refinancing Isn't Right for All Borrowers
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