Thursday, April 10, 2008

Getting to Know the Area

While you are investing in real estate and looking for potential areas to live and work, it is good to know relevant information on the surroundings. As we reach out to LA and Orange County, I have decided to give some time to the lay of the land. I found a good site that tells a brief synopsis of the areas around center of LA.

The first area to look at is the coastal regions of Western LA (Zone 3) and Southern LA (Zone 2), where the residents of LA head to during the weekend, where tourists head, and the rich and famous buy luxurious homes on the ocean's front.

Here is a snippet from frommers.com

Malibu, at the northern border of Los Angeles County, 25 miles from Downtown, was once a privately owned ranch -- purchased in 1857 for 10¢ an acre and now the most expensive real estate in L.A. Today its 27 miles of wide beaches, beachfront cliffs, sparsely populated hills, and relative remoteness from the inner city make it popular with rich recluses such as Cher and Mel Gibson. Indeed, the resident lists of Malibu Colony and nearby Broad Beach -- oceanfront strips of closely packed mansions -- read like a who's who in Hollywood. With plenty of green space and dramatic rocky outcroppings, Malibu's rural beauty is unsurpassed in L.A., and surfers flock to "the 'Bu" for great, if crowded, waves.

Santa Monica, Los Angeles's premier beach community, is known for its festive ocean pier, stylish oceanfront hotels, artsy atmosphere, and large population of homeless residents (I know, that's an oxymoron, but it fits). Shopping is king here, especially along the Third Street Promenade, a pedestrian-only outdoor mall lined with dozens of shops and restaurants.

Venice Beach was created by tobacco mogul Abbot Kinney, who set out in 1904 to transform a worthless marsh into a resort town modeled after Venice, Italy -- hence, the series of narrow canals connected by one-lane bridges that you'll see as you explore this refreshingly eclectic community. It was once infested with grime and crime, but regentrification has brought scores of great restaurants, boutiques, and rising property values for the canalside homes and apartment duplexes. Even the movie stars are moving in: Dennis Hopper, Anjelica Huston, Nicolas Cage, and Julia Roberts reside in this pseudobohemian community. Some of L.A.'s most innovative and interesting architecture lines funky Main Street. But without question, Venice Beach is best known for its Ocean Front Walk, a nonstop Mardi Gras of thong-wearing skaters, vendors, fortunetellers, street musicians, and poseurs of all ages, colors, types, and sizes.

Marina del Rey, just south of Venice, is a somewhat quieter, more upscale waterside community best known for its man-made small-craft harbor, the largest of its kind in the world.

Manhattan, Hermosa, and Redondo beaches are laid-back, mainly residential neighborhoods with modest homes (except for oceanfront real estate), mild weather, and residents happy to have fled the L.A. hubbub. There are excellent beaches for volleyball, surfing, and tanning here, but when it comes to cultural activities, pickings can be slim. The restaurant scene, while limited, has been improving steadily, and some great new bars and clubs have opened near their respective piers.

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