Neighborhood in a blink of an eye: Hollywood Hills

Quick facts about the real estate market in one of the “sexiest” neighborhoods of Los Angeles.

History: It’s been almost a hundred years since the “Hollywoodland” sign appeared on the southern slope of Mount Lee, however the nature of this neighborhood remained the same. Original developers envisioned this part of town as a hillside escape from the city for a sophisticated crowd, and logically, with the rise of the film industry, a lot of artistic people were drawn to this neighborhood. Until today this neighborhood keeps its small town charm, which became one of the iconic features of this area.

Geographical location: Originally only a small area from Lake Hollywood to Griffith Park was considered Hollywood Hills. But with time, hillside development spread to the east and west from it’s original location, and nowadays we schematically break Hollywood Hills into East and West, being broken by the 101 freeway. The eastern part of it is located North of Franklin Avenue, and the western part of this hillside area sits just above the famous Sunset Boulevard.

Area description: Hollywood Hills East remains the historic and original part of this area, keeping a lot of it’s initial charm with great architecture (where you could find amazing castles, among other gems). Hollywood Hills West has a more modern and contemporary feel to it, being one of the hottest parts of our town with all the new development. Overall, both parts of this neighborhood are known for their proximity to the city, combined with amazing views.

Price ranges for single family homes: The percentage of sales under $1M in this neighborhood is pretty insignificant, but if you look good enough, you can still find a fun alternative to a condo, or a corky one or two bedroom with character. However, the vast majority of homes here will be sold for more than that, reflecting the “million dollar view” rule. Those views, combined with the popularity of this area among the hippiest and the youngest of crowds – hollywood celebrities – it’s not a surprise that you can find exceptional new homes being build and sold there for over $30M.

Price ranges for condos: If you operate in a price range between five hundred thousand and a million, you can find yourself a great condo at the footsteps of the hills. Occasionally, the market offers something below that threshold, but those condos are pretty rare to come across. At the same time, there are a few buildings in this neighborhood that either are iconic already, or new constructions that claim to be iconic one day. And with them, only the sky is the limit – some units are even selling above $10M, but with the views and exclusivity they offer, it’s hard to argue with such a steep price tag.

Sincerely,

Oleg Korolov