In a year when home prices hit record highs and once-cheap areas became million-dollar neighborhoods, the Southern California market was brutal for buyers on a budget.
But in a market that’s cooling ever so slightly, bargains can be found if you know where to look. Here are six L.A. County homes on the market for about $600,000 — far less than the county’s median price in November of $788,000.
Home prices in the six-county region rose nearly 16% in November to another monthly record, a median of $693,500, according to real estate firm DQNews.
Tucked just east of East L.A., Montebello is one of the gateway cities that lead from L.A. County to Orange County. Properties there vary wildly in price, from mobile homes listed for less than $100,000 to 3,000-square-foot family homes that run more than $1 million.
The house: Set behind gates on a slender lot, this two-story home is turnkey ready with tile floors and a striking stone fireplace. If the tree-lined frontyard doesn’t provide enough space, Rodriguez Park is just a short walk away.
The address: 425 S. 3rd St., Montebello, 90640
The price: $635,000
The specs: Three bedrooms and three bathrooms in 1,656 square feet
The agent: Becky De Anda of the Associates Realty Group
If you recently became a first time home buyer — or are planning to buy a home for the first time — The Times would like to hear from you.
San Fernando, found on the north side of the San Fernando Valley, offers single-family homes with just enough outdoor space to avoid feeling cramped. The housing stock is fairly consistent, with most homes built in the 1950s or earlier, and most sell for between $500,000 and $700,000.
The house: An infinity symbol-shaped lawn brings some curb appeal to this 1950s single-story. There’s an abundance of blue, specifically on the walls and carpet, but the beamed ceilings and attached two-car garage are a plus.
The address: 12909 Vaughn St., San Fernando, 91240
The price: $600,000
The specs: Three bedrooms and two bathrooms in 1,150 square feet
The agent: Carla Garcia
Critics say real estate love letters, common in tight markets, can be a tool of discrimination.
At the heart of Pomona Valley there’s Pomona, a city of about 150,000 that houses the Fairplex, home of the Los Angeles County Fair, as well as a handful of museums, concert venues and even a few 19th century residences.
The house: Built in 1890, this Victorian gem is made of redwood, which is naturally termite-resistant, helping it stay in solid shape over the last century. A wraparound porch marks the entry, and the backyard adds a shed and covered patio.
The address: 757 N. Gordon St., Pomona, 91768
The price: $574,900
The specs: Two bedrooms and 1.5 bathrooms in 1,368 square feet
The agent: Vanessa Garcia of Redfin
California maintains its reign as the most expensive state in the U.S. for home buyers, with 89 of the nation’s 127 priciest ZIP Codes, a new study finds.
Once a hot spot for jazz, Historic South-Central now offers a central location and relatively affordable housing stock for working-class Angelenos. The addition of the Metro line on Washington Boulevard has spurred growth, and the city has also incentivized builders to add more affordable housing.
The house: This 97-year-old home has been remodeled in recent years with warm hardwood floors, dual-pane windows and a new kitchen. If you’re eyeing storage, or even a project space, there’s an attic.
The address: 2616 Trinity St., Los Angeles, 90011
The price: $590,000
The specs: Three bedrooms and two bathrooms in 960 square feet
The agent: Gregory Jackson
COVID-19 unleashed new demand for homes, made the well-off wealthier, and fueled extreme bidding wars. The result? The $1-million home is everywhere.
Freeway proximity and location — 14 miles from downtown L.A., 17 from Anaheim — make Pico Rivera an attractive option for a variety of lifestyles. There’s a healthy mix of condos, townhouses and single-family homes, and there’s always plenty on the market for $600,000 or less.
The house: A freshly painted whitewashed brick exterior leads to a completely remodeled floor plan inside this single-story spot. White quartz covers the kitchen, vinyl plank floors line the living spaces, and new sliding glass doors open to a grassy backyard.
The address: 9640 Rushmore St., Pico Rivera, 90660
The price: $599,000
The specs: Two bedrooms and one bathroom in 1,135 square feet
The agent: Anthony Hernandez of Corcoran Global Living
Fannie Mae and Freddie Mac, the government-backed mortgage giants, can now buy loans of $970,800 in high-priced areas including L.A. and San Francisco.
If you need space and can work remotely, Canyon Country offers a scenic, quiet life among the mountains. It’s a bit of a drive from the city, but if $600,000 buys one or two bedrooms in L.A., it buys five or even six bedrooms out there.
The house: This custom home clocks in at nearly 3,000 square feet and sits on a spacious, leafy lot with plenty of patio space and a gazebo. The mint-green kitchen and carpet-lined living spaces might not be for everyone, but there’s plenty of space to make the place your own.
The address: 27838 Northbrook Ave., Santa Clarita, 91351
The price: $600,000
The specs: Six bedrooms and three bathrooms in 2,901 square feet
The agent: Patrick Abbott of Realty Executives Homes