When I first moved out to Southern California in late 1981, I lived in Marina Del Rey, Venice, Culver City, Santa Monica and West Los Angeles, everything was West of the I-405, everything right by the coast. I left in 1998, but we moved back in 2012.
All those places I lived were unaffordable by that point.
Take this house, for instance, on Abbott Kinney Blvd, the artsy fartsy district by the Venice Beach Boardwalk.
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When my friends and I moved in there in 1984, we were paying $750 a month, and it was valued at around 180 thousand.
It sold in 2014 for FOUR MILLION DOLLARS. Thanks to the dual zoning in the area, it's now a business.
Needless to say, there's no way we could afford to live in any of those towns again.
But we're six miles East of downtown in Whittier and we "stole" this 4 BR/3BA 2400 SF house for $475K in 2014.
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It is now worth almost twice what we paid for it, about $780K.
And the traffic isn't so terrible...out by the coast, that's where it gets really bad.
Interstate 405 has ALWAYS been a parking lot, since the day it was first built.
Traffic in our new area is about what you'd expect in any city.
But we will never leave...what would be the point?
I'm sixty-three and pretty much retired at this point.
Love the house, love Whittier, love our neighbors...