Los Angeles may be known for its warm climate and its miles of beautiful coastlines interlaced with mountains ranges, but the city is also known for its unique system of “eighty-eight cities within a city.”
These communities, from Santa Monica and Silverlake to Studio City and Beverly Hills, are full of real estate options, from old Hollywood architectural homes to sleek modernist houses overlooking the ocean or downtown city lights.
To make luxury Los Angeles real estate decisions as simple as possible, we compiled the top 10 most expensive neighborhoods in Los Angeles from 2014 and 2013 PropertyShark data.
Without further ado, here are L.A.’s top 10 priciest neighborhoods:
#10. Beverly Hills
Median sale price: $2,000,000
A perennial favorite of the rich and famous, Beverly Hills sees the most sales with a little over 300 homes sold each year. The affluent neighborhood had a median sales price of $2 million for 2014, slightly down from $2.152 million in 2013.
#9. Oak Knoll, Pasadena
Median sale price: $2,066,000
Oak Knoll also saw median sale prices jump from $1.722 million in 2013 to $2.066 million in 2014. The upscale neighborhood is rich in cozy bungalows, historic homes as well as posh dwellings.
#8. El Porto, Manhattan Beach
Median sale price: $2,100,000
The median sales price for El Porto showed the most promising sales jump from $1.365 million in 2013 to $2.1 million in 2014. Home to many surfers and outdoor enthusiasts, this beach community features quaint homes with spectacular ocean views and a great variety of shopping and dining destinations.
Median sale price: $2,150,000
No luxurious and expensive Los Angeles real estate list would be complete without the city of Malibu. Malibu has long been known for its expansive land lots and its ability to provide homeowners with ocean views and mountain views. The median sales price for 2014 was $2.15 million. It fell slightly behind the Pacific Palisades due to its lower median sales price in 2013 of $1.365 million.
#6. Pacific Palisades, Los Angeles
Median sale price: $2,150,000
Our sixth spot goes to the city of Los Angeles’s community Pacific Palisades. It was easily the most active real estate area on our list with more than 400 homes sold in 2013 and 2014. The median sales price rose as well from $1.922 million in 2013 to $2.15 million in 2014. The neighborhood is known for its family friendly environment and picturesque nature view.
#5. Sand Section, Manhattan Beach
Median sale price: $2,266,000
The upscale neighborhood in Manhattan Beach known as Sand Section is most notable for its special walk streets and lavish oceanfront homes. Ranking among the top choices of home buyers in the Los Angeles area, the Sand Section features homes with median prices ranging around $2.266 million.
#4. Hill Section, Manhattan Beach
Median sale price:$2,350,000
Featuring unparalleled ocean and city views, the Hill Section leads the Sand Section with a median sale price of $2.350 million, though the Sand Section sold nearly three times as many homes in 2014. Manhattan Beach is attracting younger wealth for its direct access to great surf spots and entertaining nightlife.
#3. Bel Air, Los Angeles
Median sale price: $2,430,000
The third spot on our list goes to the city of Los Angeles in the community known as Bel Air. This celebrity filled neighborhood is famous for its seclusion and mountainous views. In 2014 and 2013, more than 100 homes were sold (113 and 115 respectively) for a median sales price of $2.430 million. This area continues to be an excellent choice for luxury homes with a variation of a mere 1% between the two years.
#2. Hidden Hills
Median sale price:$2,725,000
Our next luxury city for Angelenos is the city of Hidden Hills. With a strong median sales price of $2.725 million in 2014 for 40 homes sold, the gated community is known for its simple, romantic country way of life.
#1. North of Montana, Santa Monica
Median sale price: $3,100,000
First on our list is the city of Santa Monica, or more specifically, the neighborhood North of Montana in Santa Monica. In 2014, there were 114 homes sold with a median sale price of $3.1 million. Santa Monica residents tend to enjoy the community’s focus on pristine sidewalks and its closeness to the ocean.
Want more research like this? Check out San Francisco’s Most Expensive Home Sales in 2014 on PropertyShark.com.