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Warm sunny days, gnarly waves and beautiful sand beaches, exquisite high-end private neighborhoods, and a laidback California vibe are only a few reasons why Los Angeles is famous for being home to Hollywood’s elite. Take a look at the most luxurious neighborhoods in Los Angeles below!
Another luxury community located in the Manhattan Beach area is the Sand Section. Like its predecessor, this location has seen a rise in its popularity in recent years thanks to the younger crowd. The Sand Section offers oceanfront homes and unique walk streets.
One of the most desirable places to reside in in the city of Los Angeles is the city of Santa Monica. The living conditions are world class and the residents have easy access to the beach anytime and any day. With the way the neighborhood provides seclusion and privacy to its residents, it comes as no surprise that it is the most expensive neighborhood in the Los Angeles area.
Third on our list of most luxurious neighborhoods in the Los Angeles area is Bel-Air. This list would not be complete without it. Out of all the other neighborhoods on this list, this is one of the only ones within the Los Angeles city limits. Even if most of the other neighborhoods are not known, it can be said that Bel-Air is one of the most popular neighborhoods in the Los Angeles area as it is known for being a celebrity magnet. From seclusion to luxurious homes up in the mountains, Bel-Air is certainly a high-end community. Homes for sale rarely are listed under $1 Million dollars.
The Los Angeles area has a lot of hidden secrets but known can compare to the luxurious city of Hidden Hills located within Los Angeles. This community is shielded from the prying eyes of the general public thanks to the neighborhood gates that require identification before entrance is allowed. Several houses in this gated community portray a simplistic style but this can easily be deceiving as the inside is where the appeal lies. Most of the houses have the design of a Texas ranch house and this keeps attracting affluent residents’ day in day out. The secluded nature also serves as a major attraction.
The year 2013 and 2014 saw a major rise in the sales of homes within the Pacific Palisades neighborhood of Los Angeles. The sales volume is one that is still maintained over time owing to its prime location north of Manhattan Beach. The environment is touted as being family friendly with a picturesque view of nature. It also happens to be one of the neighborhoods on this list that is actually within the Los Angeles area.
The Hill Section neighborhood is considered to be one of the best locations with an encompassing beautiful ocean view of the city. With this attraction and closeness to the ocean front, it is no wonder that property developers and realtors alike have no problem in creating luxury homes around and within it. This high-end community has direct access to entertaining nightlife and surf spots. Of all the neighborhoods, this is one of the youngest and a lot of the people residing here are of the wealthy modern day generation. The homes are located on the hills thereby providing a beautiful view from the top.
The real estate industry is not one that is easy to enter into and attain top dog position. Resting on your laurels would do nothing for you and you would be better off getting a desk job if you do not expect to work hard. To get there and make a success of it, you must be willing to learn all the tricks of the trade. The following are what you should be prepared for as well as expect when trading in the real estate industry:
Like most jobs, real estate trading requires you to keep abreast of latest happenings and latest market trends so as to make informed decisions and have knowledgeable insights. If you want to be in the same league as the professionals in commercial real estate, you have to know how to get your hands on information that makes a difference in any trading transaction. For example, you have to be able to differentiate the valuation of commercial property and residential property, make an accurate report on what your potential clients are looking for, how to calculate cash flow with commercial property, which properties are now in trend, what leases are longer than others etc. All these things are bound to come in handy especially when you have a diverse customer base. So be prepared to constantly update yourself on information.
Some real estate agents are blessed with gut feelings that enable them differentiate the money making properties from the money consuming properties and if you plan to get into real estate trading, you must be able to recognize a good deal. The top real estate professionals are able to spot out a good deal but this must have taken several years of practice as well as patience to achieve so do not be in a hurry to achieve this. Although patience is something you require to be able to spot out a good deal, one thing the professionals employ when entering a deal is having an exit strategy.
In real estate trading, your mathematical abilities is something that is constantly put to the test whether onsite or offsite. The market is also one that is ever changing so you might find yourself constantly having to revalue properties to go in line with recent trends. If statistics and maths are not your strong suits, then be prepared to work hard on them as things like Net Operating Income, Cap Rate and Cash on Cash among other things are things you will have to get accustomed to.
No man is an island and the same goes for a business. Every business needs a pillar for support as well as a foundation to build on. In the case of real estate, the foundation is the client while the support is your network of colleagues. Networking provides you with the opportunity to earn favours from professionals as well as chase leads that can turn to potential clients.