Affordable Housing in LA
Los Angeles is filled with vibrant people, restaurants, attractions, and beaches. With that being said, LA is also one of the most expensive places to live in Southern California. Finding an affordable home in LA is not impossible, however. Our private lender team have put together a list of the most affordable places to live in LA so you and your family can settle down, comfortably.
Studio City is located in the San Fernando Valley and is a great place to settle down if you want to get away from the hustle and bustle that is Hollywood. Although some of the houses will require you to take out a larger hard money loan, there are plenty of affordable condos scattered throughout this trendy area. With a variety of hip restaurants and upscale shops, we recommend living in Studio City if you are single or have a very small family to support.
Sherman Oaks is also located in the San Fernando Valley, right next door to Studio City. With crime rates well below the national average, this suburban neighborhood in LA is great for families looking to find their forever home. There is easy access to the I-405, Hwy 134, and the 101 Freeway, so if you need to commute to work, that’s not a problem. You can rest easy knowing that the education system in Sherman Oaks is top tier, whether your kids attend public or private school.
Finding a nightclub in Baldwin Park is almost impossible, which is why this suburb of Los Angeles is perfect for families who seek a quiet neighborhood. If you are looking to get involved in the community, there are plenty of public events where you can mingle with your neighbors and get to know the area. The median household income is $51,742 which is lower than the national median and shockingly low for the LA area. If you are looking for rental property, this Baldwin Park may be perfect for you.
Although the city’s government officials have been under scrutiny in recent years, Montebello still remains one of the most affordable places to live in LA. Most people who move to Montebello rarely leave and instead raise their children – and their children’s children – in this area. Don’t be surprised if you know each of your neighbors by name within the first year of moving into your new suburban home. Everyone greets each other with a smile and a wave in this family-friendly LA neighborhood. Montebello could be great for buying investment property.
La Puente, also known as Valinda, is open to families of all shapes and sizes. This LA neighborhood is very diverse with Mexican and Asian ethnicities taking up most of the area’s population. If you are easily bored and desire more of an urban, big city feel to your home, La Puente is the place to be. There are plenty of great restaurants, clothing stores, and community events to explore throughout the neighborhood.