W Olympic Blvd / Beacon Ave median real estate price is $1,152,518, which is more expensive than 69.9% of the neighborhoods in California and 93.3% of the neighborhoods in the U.S.
The average rental price in W Olympic Blvd / Beacon Ave is currently $1,910, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 89.7% of California neighborhoods.
W Olympic Blvd / Beacon Ave is a densely urban neighborhood (based on population density) located in Los Angeles, California.
W Olympic Blvd / Beacon 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 Olympic Blvd / Beacon Ave neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Home and apartment vacancy rates are 7.4% in W Olympic Blvd / Beacon Ave. NeighborhoodScout analysis shows that this rate is lower than 51.3% of the neighborhoods in the nation, approximately near the middle range for vacancies.
The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.
Modes of Transportation
More people ride the bus in this neighborhood each day to get to work than 99.3% of U.S. neighborhoods.
Also, more people in W Olympic Blvd / Beacon Ave choose to walk to work each day (12.3%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.
Real Estate
99.1% of the real estate in the W Olympic Blvd / Beacon Ave neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
In addition, the W Olympic Blvd / Beacon 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 95.2% 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.
Furthermore, one of the really unique and interesting things about the look and setting of the W Olympic Blvd / Beacon Ave neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 90.9% 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 98.3% of all neighborhoods in America.
Also of note, if you like crowded places, then you will probably enjoy the the W Olympic Blvd / Beacon Ave neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 96.9% of neighborhoods in the U.S., with 29,667 people per square mile living here.
Car Ownership
We Americans love our cars. Not only are they a necessity for most Americans due to the shape of our neighborhoods and the distances between where we live, work, shop, and go to school, but we also fancy them. As a result, most households in America have one, two, or three cars. But NeighborhoodScout's exclusive analysis shows that the W Olympic Blvd / Beacon Ave neighborhood has a highly unusual pattern of car ownership. 39.1% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 98.0% of U.S. neighborhoods.
Occupations
From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the W Olympic Blvd / Beacon Ave neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 97.4% of all American neighborhoods.
Length of Commute
Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The W Olympic Blvd / Beacon Ave neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the W Olympic Blvd / Beacon Ave neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 9.9% of commuters here travel more than one hour just one-way to work. That is more than two hours per day. This percentage with two-hour + round-trip commutes is higher than NeighborhoodScout found in 95.4% of all neighborhoods in America.
People
Single parenting is hard. But you don't have to tell the W Olympic Blvd / Beacon Ave neighborhood about it; they already know. 17.5% of this neighborhood's households are run by single mothers, which is a higher concentration than NeighborhoodScout found in 95.2% of American neighborhoods. Further NeighborhoodScout research showed strong statistical correlations among high rates of children living in single parent households, and neighborhood crime, particularly violent crime, neighborhood poverty, and, importantly, the percentage of low weight births and rates of infant mortality.
Diversity
Significantly, 80.4% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 98.6% of all U.S. neighborhoods.
Migration / Stability
Some neighborhoods have more internal cohesiveness than others. While other neighborhoods feel like a collection of strangers who just happen to live near each other. Sometimes this comes down to not only the personalities of the people in a place, but how long people have been together in that neighborhood. NeighborhoodScout's research has revealed some interesting things about the rootedness of people in the W Olympic Blvd / Beacon Ave neighborhood. What is interesting to note, is that the W Olympic Blvd / Beacon Ave neighborhood has a greater percentage of residents born in another country (48.6%) than are found in 97.3% 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 W Olympic Blvd / Beacon Ave neighborhood in Los Angeles are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 89.2% of U.S. neighborhoods. With 39.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 88.5% of U.S. neighborhoods.
A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.
In the W Olympic Blvd / Beacon Ave neighborhood, 41.6% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 25.4% of the residents employed. Other residents here are employed in executive, management, and professional occupations (16.9%), and 16.1% 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 Olympic Blvd / Beacon Ave neighborhood is Spanish, spoken by 80.4% of households. Other important languages spoken here include English, Korean and Tagalog (the first language of the Philippine region).
Ethnicity / Ancestry
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.
In the W Olympic Blvd / Beacon Ave neighborhood in Los Angeles, CA, residents most commonly identify their ethnicity or ancestry as Mexican (41.9%). There are also a number of people of Asian ancestry (6.8%), and residents who report South American roots (2.7%), and some of the residents are also of Irish ancestry (1.6%). In addition, 48.6% 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 W Olympic Blvd / Beacon Ave neighborhood spend under 15 minutes commuting one-way to work (25.3% of working residents), one of the shortest commutes across America. However, there is also a significant group of residents (9.9%) who commute over an hour in each direction.
Here most residents (33.9%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (24.6%) and 18.0% 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.
