Hollywood Hills is located in the southeast section of the Santa Monica Mountains, high above the city of Los Angeles and near the famed “Hollywood” sign that’s known the world over. This affluent community provides breathtaking views of the city lights and Pacific Ocean beyond.
There are a variety of Hollywood Hills homes for sale, from classic Mid-Century residences to Modern homes and iconic hillside retreats. According to Trulia.com, the median sales price of homes in Hollywood Hills was $1,080,000 during a three-month period that ended in November. That number was based on 121 homes sold during that time and represents a 13.1% increase from the previous year.
The average price per square foot for Hollywood Hills real estate, which is usually considered a more accurate gauge, was $582 during that time.
Hollywood Hills residential real estate consists of about 65% single-family homes, 8.9% condos, and 26.1% “other”, which generally refers to multi-family dwellings like apartments. Typically, condos and townhomes in Hollywood Hills begin around $500,000; however, single-family residences—which range from modest dwellings to huge mansion estates—can soar into the millions of dollars.
Hollywood Hills is a very low-density area, which has long made it an attractive destination for celebrities and other well-heeled home buyers. In fact, its population of around 21,500 residents are spread out over 7.05 miles, which makes it one of the most low-density areas in all of Los Angeles County and provides a private and tranquil setting.
Areas within Hollywood Hills includes the likes of Beachwood Canyon, Cahuenga Pass, Franklin Village, Hollywood Heights, Hollywoodland,Outpost and Whitley Heights real estate.
Residents of Hollywood Hills are largely well-educated and highly compensated. Nearly 55% of residents 25 and up have a four-year degree in Hollywood Hills. That helps to contribute to the area median household income of $71,717, which is nearly double that of Los Angeles County as a whole.
Hollywood Hills is a wonderful option for home buyers because, while being secluded, it is mere minutes from all that the “City of Lights” has to offer. Hollywood Hills is nestled between such communities as Studio City, Universal City, Burbank, Los Feliz and Hollywood. It is also partially bounded by the acclaimed Griffith Park, which provides an array of recreational and leisure activities.
In addition to its proximity to Griffith Park, Hollywood Hills is also home to such attractions as The Hollywood Bowl, the John Anson Ford Amphitheater and the Hollywood Film Institute.
For those with school-aged children, note there are five secondary or elementary schools within the neighborhoods boundaries. It is a mixture of private and public schools, but all of them are well-regarded and are considered a drawing card for Hollywood Hills.
Hollywood Hills is an intriguing option for homebuyers for any number of reasons, not the least of which is the range of homes that are listed at any given time. You need not be a multi-millionaire to live in Hollywood Hills—though if you are, there is no shortage of possibilities.
Bel Air is one of the most prestigious locales in the country. For those ready to take the plunge into high society, let the home search begin.