La Mirada Ave / N Serrano Ave median real estate price is $1,393,257, which is more expensive than 78.8% of the neighborhoods in California and 95.5% of the neighborhoods in the U.S.
The average rental price in La Mirada Ave / N Serrano Ave is currently $2,475, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 75.1% of California neighborhoods.
La Mirada Ave / N Serrano Ave is a densely urban neighborhood (based on population density) located in Los Angeles, California.
La Mirada Ave / N Serrano 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 single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the La Mirada Ave / N Serrano 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.
La Mirada Ave / N Serrano Ave has a 10.7% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 64.6% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.
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 La Mirada Ave / N Serrano Ave neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
The La Mirada Ave / N Serrano Ave neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 95.4% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.
In addition, renter-occupied real estate is dominant in the La Mirada Ave / N Serrano Ave neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 94.6%, which is higher than 97.9% 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.
Furthermore, one of the really unique and interesting things about the look and setting of the La Mirada Ave / N Serrano Ave neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 82.4% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 97.1% of all neighborhoods in America.
Also of note, if you like crowded places, then you will probably enjoy the the La Mirada Ave / N Serrano Ave neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 96.3% of neighborhoods in the U.S., with 25,930 people per square mile living here. Even if you drive or take transit to your place of employment, many people enjoy being able to walk in their neighborhood. What many people don't realize is that most of America's premier vacation locations are also very walkable. The La Mirada Ave / N Serrano Ave neighborhood is among the top 5% of American neighborhoods in terms of walkability.
Our research revealed that more commuters here take the bus to work (19.5% ride the bus) than 98.5% of all American neighborhoods. If you like the idea of leaving your car and home and hopping the bus to work, this might be a good neighborhood for you to consider.
Did you know that the La Mirada Ave / N Serrano Ave neighborhood has more Armenian and Arab ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 6.6% of this neighborhood's residents have Armenian ancestry and 5.6% have Arab ancestry.
La Mirada Ave / N Serrano Ave is also pretty special linguistically. Significantly, 5.7% of its residents five years old and above primarily speak Arabic at home. While this may seem like a small percentage, it is higher than 98.8% of the neighborhoods in America.
Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. What is interesting to note, is that the La Mirada Ave / N Serrano Ave neighborhood has a greater percentage of residents born in another country (54.2%) than are found in 98.5% of all U.S. neighborhoods.
There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.
The neighbors in the La Mirada Ave / N Serrano 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 84.0% of U.S. neighborhoods. With 13.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 58.0% of U.S. neighborhoods.
What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the La Mirada Ave / N Serrano Ave neighborhood, 38.2% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 27.6% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (18.4%), and 15.8% in clerical, assistant, and tech support occupations.
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 La Mirada Ave / N Serrano Ave neighborhood is Spanish, spoken by 52.1% of households. Other important languages spoken here include English, Arabic, Tagalog (the first language of the Philippine region) and Korean.
Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.
In the La Mirada Ave / N Serrano Ave neighborhood in Los Angeles, CA, residents most commonly identify their ethnicity or ancestry as Mexican (22.5%). There are also a number of people of Asian ancestry (11.9%), and residents who report Armenian roots (6.6%), and some of the residents are also of Arab ancestry (5.6%), along with some South American ancestry residents (3.1%), among others. In addition, 54.2% of the residents of this neighborhood were born in another country.
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 La Mirada Ave / N Serrano Ave neighborhood spend between 45 minutes and one hour commuting one-way to work (33.0% of working residents), longer and tougher than most commutes in America.
Here most residents (51.3%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (19.5%) and 11.4% of residents also carpool with coworkers, friends, or neighbors for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.