There is a fairly small city near Los Angeles that today is about 50,000 residents strong, smack between Whittier, Norwalk and Buena Park.The property values there are fairly constant averaging overall anywhere from 340000-375000 for a 3 bed and 2 bath. You will not find any legal multifamily units there and only 1 mobile home park,although there are apartments. Property values can range from just under $300,000 in the far west all the way to 600,000+ in the newly built Hillsborough area.
It is unique to realize that the founder of Rand Mc Nally maps made his home here in the begining in the late 1880's...and it all started as a olive oil ranch.(Take that Italy!)
Ok so where is this marvel of a city that somehow has manged to not have a utilty tax like its neighbors?
It is my hometown of La Mirada. The city itself was established in the late 50's and Santa Fe Springs was trying at that time to take over!
I have lived here 90% of my life and it never ceases to amaze me. We have our own 80 acre park ( La Mirada Regional Park), our own public golf course, our own amusement park ( SPLASH waterpark), a private college (BIOLA), low crime even in the Foster Rd area, plenty of grocery shoppping and home improvement stores , a hotel (Holiday INN), a theatre for performing arts,and our own cemetary.
The best is yet to come, as there are plans to develop certain areas that tha have fallen into disrepair.Just ask me for the development report. You investors should check us out! LiVE HERE and enjoy the 34th best city to live in the US.