The diversity of neighborhoods in the San Fernando Valley gives homebuyers a wide range of buying options. Whether you’re looking for your family’s next home or an investment property, you’ll want to buy in an area that will hold its value, and ideally, keep growing in value.
Realtor Rafael Gevorkian shared three buzzworthy neighborhoods in the Valley right now for buyers.
North Hollywood Arts District
Rich with culture and nightlife, North Hollywood Arts District is known as NoHo, a name that pays homage to the SoHo district of New York City. Like its East Coast namesake, NoHo is a neighborhood of mixed-use retail and residential properties, as well as stand-alone condos and apartments. There are also art galleries, shops, cafes and more than 20 theaters. Young urbanites with a taste for the hip are drawn to this area, so as NoHo continues to build a reputation during the next couple of years as a go-to spot for arts and entertainment, property values are expected to rise accordingly.
Median home price: $449,000*
Why buy? This revitalized neighborhood has shown continued growth.
Northridge is one of the older areas of the Valley and is a well-established residential area. Being home to the California State University, Northridge, campus, it has plenty of entertainment and cultural options, and boasts 11 public and eight private elementary and high schools. Northridge is an ethnically diverse, affluent community and more than half the residents are homeowners. It's known as a nice place to raise a family, and that reputation ensures that homes here will always be in demand, and therefore, a good investment.
Median home price: $639,000*
Why buy? It is a family-oriented area and that rarely goes out of style.
Bound by Burbank Boulevard, the Ventura Freeway, the Hollywood Freeway and Coldwater Canyon, this upscale community is made up mostly of older homes on large lots. Houses here are expensive, which means that if you can buy here, you probably want to stay awhile. This peaceful tree-lined neighborhood is in demand now and will probably remain so for quite some time. A home purchase here should be a good long-term investment for those who have the budget.
Median home price: $662,450*
Why buy? A convenient location helps these expensive homes hold their value.
* Median home prices according to Redfin.com.
— Alexis Kindig, Brand Publishing Writer