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Real Estate Prices & Overview

W Adams Blvd / 2nd Ave median real estate price is $1,296,637, which is more expensive than 74.3% of the neighborhoods in California and 94.3% of the neighborhoods in the U.S.

The average rental price in W Adams Blvd / 2nd Ave is currently $2,703, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 71.1% of California neighborhoods.

W Adams Blvd / 2nd Ave is a densely urban neighborhood (based on population density) located in Los Angeles, California.

W Adams Blvd / 2nd Ave real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the W Adams Blvd / 2nd Ave neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.

Real estate vacancies in W Adams Blvd / 2nd Ave are 5.5%, which is lower than one will find in 62.1% of American neighborhoods. Demand for real estate in W Adams Blvd / 2nd Ave is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Los Angeles, the W Adams Blvd / 2nd Ave neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

Renter-occupied real estate is dominant in the W Adams Blvd / 2nd Ave neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 86.1%, which is higher than 95.7% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.

In addition, three-deckers, duplexes, old Victorian homes cut up into apartments. Independent stores on the corner selling pizza. These are some of the hallmarks of neighborhoods with lots of small 2, 3, and 4 unit apartment buildings. The W Adams Blvd / 2nd Ave neighborhood really stands out in this regard, however, as it is dominated by such small apartment buildings more than nearly any other neighborhood in America. This is a stunning visual and lifestyle example of this type of neighborhood. In fact, 33.3% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 95.7% of America's neighborhoods.

Furthermore, being a walkable neighborhood can help increase property values for the simple reason that people enjoy it and value it. To put it plainly, despite our love affair with the automobile, American's enjoy taking to the streets, sidewalks, paths, and courtyards of a place to get a coffee, relax, and take in the sights and sounds. And, according to NeighborhoodScout's exclusive and first quantitative walkable score index, the W Adams Blvd / 2nd Ave neighborhood is one of the most walkable neighborhoods in America.

Diversity

Did you know that the W Adams Blvd / 2nd Ave neighborhood has more Sub-Saharan African and African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 18.7% of this neighborhood's residents have Sub-Saharan African ancestry and 9.5% have African ancestry.

W Adams Blvd / 2nd Ave is also pretty special linguistically. Significantly, 4.0% of its residents five years old and above primarily speak African languages at home. While this may seem like a small percentage, it is higher than 98.1% of the neighborhoods in America.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the W Adams Blvd / 2nd Ave neighborhood in Los Angeles are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 67.1% of U.S. neighborhoods. With 19.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 68.2% of U.S. neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the W Adams Blvd / 2nd Ave neighborhood, 34.8% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 28.4% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (26.4%), and 10.4% in clerical, assistant, and tech support occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the W Adams Blvd / 2nd Ave neighborhood is Spanish, spoken by 44.4% of households. Other important languages spoken here include English, African languages, French and Korean.

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the W Adams Blvd / 2nd Ave neighborhood in Los Angeles, CA, residents most commonly identify their ethnicity or ancestry as Mexican (31.2%). There are also a number of people of Sub-Saharan African ancestry (18.7%), and residents who report African roots (9.5%), and some of the residents are also of Asian ancestry (5.4%), along with some Irish ancestry residents (2.3%), among others. In addition, 38.0% of the residents of this neighborhood were born in another country.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in W Adams Blvd / 2nd Ave neighborhood spend between 30 and 45 minutes commuting one-way to work (39.4% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (71.9%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (13.3%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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