There seems to be growing international interest in Los Angeles’ luxury real estate market right now and asking prices have declined significantly since last year. Many prospective buyers may have only heard of the the famous communities like Hollywood, Beverly Hills, or Malibu that they are considering making their new home. This first in a series of articles is an overview of where you can find the finest properties for sale in Los Angeles.
When it comes to finding estates and luxury homes in Los Angeles, the old real estate cliche in the title holds true. While you’ll certainly find extraordinary luxury homes in all of the areas that will be discussed here, you can also find fabulous listings for these throughout the city. The art of finding great estates with an amazing compound and usable acre or more is easier to define because there are fewer of these magnificent properties and they’re usually grouped in specific areas.
There are two main areas where you’ll find the majority of Los Angeles’ exclusive residential listings. The first is a broad band that includes much of the Hollywood Hills and surrounding communities along the north end of the L.A. Basin which extends for fifteen miles from Griffith Park by Downtown, west to the Pacific Ocean. Predictably enough, the other area includes the beach cities from Malibu to Palos Verdes.
Since true estate properties require a lot of land and privacy, the largest estates are found in and around the hills from Los Feliz to West Hollywood, Beverly Hills, Bel Air, Brentwood and Pacific Palisades by the beach (Malibu is in a category by itself.) These luxury properties and full-blown estates are truly the epicenter of high end real estate in Southern California and there is no shortage of the spectacular, …