What $500,000 purchases in five L.A. Area areas

For purchasers on a budget, the Southern The golden state housing market can really feel impenetrable. Bidding battles and also supply lacks have actually driven costs to historical highs and, according to Redfin, the average residence in Los Angeles County sold for $839,000 in February.

The good news is, The Times just recently released "The Great SoCal Home Search," a detailed, detailed guide to purchasing a residence in Southern California. It even features a Southern California-specific calculator that examines your financial resources and informs you how much you can manage (as well as what areas are a suit).

Buyers in the $500,000 range may need to take into consideration condos, community houses or tenancy-in-common units along with single-family houses, but also for those happy to get imaginative, there are still lots of options. Here's what $500,000 acquires in five L.A. Area areas.

Midtown L.A.

L.A. isn't exactly recognized for vertical living, but if you're willing to shed the white picket fence and verdant backyard, the cost per square foot in many midtown structures is less expensive than numerous single-family alternatives. Depending upon the location, condominiums list for as reduced as $350,000 and also offer facilities that change the benefits of staying in a home. Just take care regarding the property owners association fees.

A loft in downtown Los Angeles includes an open layout kitchen, dining table and living room.

< img alt="A loft in downtown Los Angeles consists of an open format kitchen, eating table and living room."src ="https://s3.fr-par.scw.cloud/yivesites-storage-7.yivesites.com/2452875/realty-deals.jpg"> A one-bedroom loft in the Style Area in downtown Los Angeles includes an open design kitchen area, dining table as well as living-room.(Jonathan Yuen )The home: This century-old system beings in the Cornell, a historical structure in the Fashion District's Santee Town that's been converted into elegant loft spaces. Initial steel-framed home windows pair with 10-foot concrete ceilings in the living spaces, and although there's only one specialized room, the 1,000-square-foot layout leaves enough space to be versatile. It likewise enjoys Mills Act standing to conserve a little bit on property taxes.

The address: 746 S. Los Angeles St. # 604, Los Angeles, 90014

The price: $509,000 (and also $813 regular monthly HOA fees)

The specs: One bedroom and also one washroom in 1,000 square feet

The representative: Jonathan Yuen of Trace Real Estate

Long Coastline

Defined by one current home buyer as "a city with appeal where you might additionally spend a whole weekend break," Long Coastline ended up being a location during the pandemic when lots of L.A. workers went remote and also moved farther southern. It also has a big real estate supply, as well as there are constantly single-family houses on the marketplace for nearly any type of rate range.

This home includes a white-fenced frontyard.

This home consists of a fenced frontyard, grassy backyard, covered patio, numerous bedrooms as well as even some custom elements.

(Group Whitney) The residence: Make indisputable-- this is a fixer-upper. It's far from move-in ready, but it has basically whatever you could want in a starter home: a fenced frontyard, verdant yard, covered outdoor patio, multiple rooms and also some personalized aspects including vintage cabinetry and also a sliding farmhouse door.

The address: 255 E. Bort St., Long Beach, 90805

The price: $499,000

The specifications: Two rooms and also one shower room in 777 square feet

The representatives: Danielle Whitney Moore and Lauren Yi of Keller Williams Realty

East L.A.

East L.A. is such a bastion of Latino society that it even has a Latino Walk of Fame, which, instead of Hollywood icons, commemorates Latino legends such as Cesar Chavez and Graciela Beltran. With a population of greater than 118,000, it has plenty of homes up for grabs, particularly 2- and also three-bedroom cottages.

A white house with black trim and horizontal fencing in front.

< img alt= "A white home with black trim as well as straight secure fencing in front."src= "https://s3.fr-par.scw.cloud/yivesites-storage-10.yivesites.com/2452887/cheap-fully-furnished-house.jpg"> A remodel of this Eastern L.A. residence turned a bonus room right into a 2nd

bed room and also included beamed ceilings as well as laminate

floorings.(Keller Williams Real estate) The home: A current remodel of this single-story house near Whittier Blvd turned a benefit area into a 2nd bed room and also included beamed ceilings, fresh paint as well as laminate floorings. The outside is billed as "reduced maintenance" because it includes crushed rock instead of turf-- yet do not fret, there are plenty of trees to offset it.

The address: 4708 Hubbard St., Los Angeles, 90022

The rate: $485,000

The specifications: Two rooms and also one bathroom in 648 square feet

The agent: Ralph Ruiz of Keller Williams Pacific Estates

San Dimas

San Dimas rests at the foothills of the San Gabriel Hills, providing a suburban hideaway full of system homes, strip malls as well as a little bit even more area than you'll get in L.A. Travelers take the highway nowadays, yet in 2026, the Metro L Line is anticipated to prolong out to the city.

A home with a tile roof and pillars in front.

This San Dimas residence includes granite countertops and whitewashed block. Its back outdoor patio ignores the neighborhood swimming pool.

(Steve Padilla/ Leading Representative Digital photography)The house: Columns as well as clay floor tile retouch the outside of this single-story house in the intended urban advancement neighborhood of Montecito Town. Granite kitchen counters and also whitewashed brick appear in the living spaces, and also the back outdoor patio neglects the area swimming pool.

The address: 116 W. Via Vaquero, San Dimas, 91773

The price: $525,000 (as well as $323 regular monthly HOA dues)

The specs: 2 bedrooms and also 2 shower rooms in 1,122 square feet

The representative: Michael Wallace of Better House Financial


Anchored by medical establishments such as Martin Luther King Jr. Neighborhood Medical Facility and Charles R. Drew University of Medicine and also Scientific research, the unincorporated community of Willowbrook covers about 3.7 square miles just southern of the 105 Freeway. Homes there are generally pretty budget-friendly, with the bulk listing for sale at less than half a million.

A white house with trim and a metal gate.

This redesigned residence attributes new kitchen cabinets, quartz countertops, tile floors

as well as home appliances. (Century 21

) The house: Put behind entrances, this redesigned residence has new cooking area cabinetry, quartz countertops, floor tile floors and also home appliances. Out back, a patio leads to a large grass perfect for organizing.

The address: 2212 E. 117th St., Los Angeles, 90059

The rate: $499,000

The specifications: 2 bed rooms and one shower room in 572 square feet

The representative: Chris Limon of Century 21 A Better Solution Real Estate