Property owners on Los Angeles’ Westside have big smiles on their faces and for good reason: the values of their homes are increasing while they sleep and there’s no sign that prices are letting up.
Much of this is due to the influx of high-tech and media companies to “Silicon Beach” along with the expansion of area hospitals. Many of these new employees earn substantial salaries and are seeking to purchase homes when they relocate. The increased demand is fueling housing price increases in the entire region because there is very little land available for new construction.
So, where’s the “deal” mentioned in the title of this article?
Just east of West L.A. is Faircrest Heights, a wonderful neighborhood of several hundred homes built between the mid-1920s and 1950. On the south end of Faircrest Heights is a new subdivision by builder D.R. Horton, called The Faircrest Emerald. I already knew of it when I began researching Westside properties to show my physician-clients who are relocating from back East.
My clients like “new,” not remodeled, and I think The Faircrest is the obvious answer for people with their tastes. The new neighborhood has 61 homes in a contemporary Spanish design with three open floor plans, between four and five bedrooms and kitchens that are simply to-die-for. The largest model, called the Pacific, has a kitchen island that is just under 11 feet long (my rough measurement) and that boasts a sink and generous shelves and cabinets underneath that are contemporary and stylish.
The location of The Faircrest offers some of the best access to Greater Los Angeles you can imagine: it’s a few blocks north of the 10 freeway and three miles east of the 405/10 interchange. With little effort, residents can get to Downtown L.A., Hollywood, Beverly Hills, West Hollywood, the Westside, South Bay, Orange County and the San Fernando Valley. In my opinion, it’s an excellent location for my Westside physicians who work for UCLA Medical Center, Providence St. John’s Health Center, Kaiser Permanente West L.A. and Cedars-Sinai.
Did I mention that The Faircrest is walking distance from the Los Angeles Center for Enriched Studies that serves grade 6-12 students and is ranked 18th in California by U.S. News & World Report's 'Best High Schools' for 2016?
The price of the attractive homes in The Faircrest makes them both competitive and affordable compared to other Westside and adjacent single-family homes: at between $500 to $550 per square foot depending on upgrades selected by the purchaser, they are indeed an excellent value. In contrast, the median price per square foot in Culver City is $700 and for the same in both Santa Monica and Venice, the cost is over $1,000 per square foot.
I don’t work for D.R. Horton and I wasn't paid to write this post. But I am beyond impressed with the quality of The Faircrest, its features, location and its pricing. If you’re moving to the Westside, let's make an appointment to see if this one-of-a-kind neighborhood is perfect for you and your family.
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