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Los Angeles, Ca - Real Estate

Beverly Hills is a city found in Losuniformly wealthy and can boast of a
Angeles County, CA. The city andhigher household median income than
neighboring West Hollywood are bothBeverly Hills. The city's average
completely surrounded by the city of Loshousehold income, a bit more than 71,000
Angeles. The area's wealthiestdollars, is only 18,000 dollars greater
neighborhoods, comprising the mostthan the county average.
exclusive real estate in the nation,Currently, Beverly Hills has the most
include Beverly Hills and theexpensive housing market in America, for
neighborhoods of Bel-Air and Holmbythe second year in a row with a median
Hills.home cost of 2.21 million dollars.
One of the most well known features ofThe median household income for the city
Beverly Hills is the Sunset Strip, whichwas nearly 71,000, about average for an
is shared with nearby West Hollywood, onupper-middle class suburb and near to
the famed Sunset Blvd. Other roads ofthe median for the city of San Jose,
note include Wilshire Blvd and Santasituated in the same State. However, the
Monica Blvd. Two of the shopping streetsmedian cost for an owner-occupied house
are Beverly Drive and Rodeo Drive.is more than one million dollars. The
Coldwater Canyon Drive is the main roadunderlying reason for this is the
connecting Beverly Hills to the Sanatypically large proportion of renters
Fernando Valley.in the city. So many renters live in
Everyone in Beverly Hills is notBeverly Hills that persons who own homes
wealthy, as portrayed by Hollywood.are not the majority. Renter-occupied
Though some of the largest mansions inhomes comprise 56.6 percent of the
Los Angeles County are within its area,city's residences and the median
they make up only about 10 percent ofhousehold income for these housing units
the city. The remaining residencesis a bit below 50,000 dollars, just a
include relatively modest duplex rentalbit above average for the entire nation.
units and detached homes covering lessThe median household income for an
than 3,000 square feet. A few areasowner-occupied housing unit is 125,000
within Los Angeles County are moredollars.



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