fbpx

The Most Expensive Zip Codes in Southern California

Quick facts:

  • Santa Monica’s 90402 is Southern California’s #1 most expensive zip code
  • SoCal’s 50 most expensive zip codes have median prices above the $1M mark
  • Los Angeles is home to 11 of Southern California’s 50 most expensive zip codes
  • Beverly Hills’ 90210 is SoCal’s #2 most expensive zip code and #7 nationally

SoCal’s real estate market has been recovering quite effectively since the recession, with median home prices hitting new highs – Los Angeles County and Orange County home prices are up 5.5% compared to the year-ago figure. Sales volume also expanded, registering an 8.2% bump in LA County and 7.3% in The OC. In fact, low housing inventories coupled with ever-growing buyer interest are pushing prices into dangerously unaffordable territory in some areas across Southern California. With its commercial real estate market booming and apartment rents at an all-time high, Southern California’s real estate landscape is one of dynamic activity and sky-high prices.

But California’s appetite for pricey real estate is well-known – The Golden State boasts no less than 72 of the country’s top 100 most expensive zip codes in 2016. Home to about 60% of California’s population and globally significant cities such as Los Angeles and San Diego, Southern California lays claim to a sizeable portion of the state’s and the country’s priciest zips.

As such, Santa Monica’s 90402 is not only Southern California’s most expensive zip code, but also the 5th most expensive zip nationally. At a median sale price of $3.4 million, very few places in the US can boast higher home prices than 90402. Encompassing scenic, pricey neighborhoods such as Santa Monica Canyon, La Mesa Drive and North of Montana, it’s no wonder 90402 is Southern Cali’s priciest zip.

What draws deep-pocketed buyers to this area is not just a bevy of luxurious real estate – although streets like Gale Place and Foxtail Drive contain some of the most pricey and stylish estates in California. 90402 is a popular zip code for the rich and famous – musicians, actors and models are regularly seen out and about in this pricey zip, with the iconic Santa Monica Steps a popular spot for catching sweating celebs out on their daily workout.

But it’s not just movie types that are attracted to this pricey zip code. 90402 is a family-friendly area as well, with Canyon Charter School regarded as one the most prestigious elementary schools in the L.A. area, while the streets around Georgina Avenue and 16th Street are notorious for epic Halloween trick-or-treating.

At a median sale price of $3,336,000, Beverly Hills’ iconic 90210 is Southern California’s 2nd most expensive zip. Made globally notorious by the eponymous show, 90210’s popularity and attraction have not faded since the ‘90s. Beverly Hills continues to be an area of extreme affluence, expensive real estate, paparazzi swarms, unparalleled shopping and some of the most exclusive plastic surgery clinics in the world.  90210 also ranks as the 7th most expensive zip code in the country.

Yet another iconic California destination, Newport Beach grabbed 5 spots among SoCal’s 50 priciest zip codes, including the region’s 3rd most expensive zip code with 92662. Nationally ranked as the 14th most pricey zip, 92662’s median sale price for 2016 clocked in at $2,625,000. Covering only Balboa island, this is the smallest zip in Newport Beach – and one of the most high-end places to call home. The man-made island is home to jaw-dropping estates, stylish waterfront boutiques, and a varied food scene.

The Playboy Mansion © Drew Fenton

A picture of Southern California’s most expensive zip codes wouldn’t be complete without taking a look at the largest residential transaction of the year. In 2016, two properties tied for the title of most expensive residential sale of the year, trading for a whopping $100,000,000 each.

Sold back in August 2016, 10236 Charing Cross Road is the globally notorious L.A. residence of Playboy magnate Hugh Heffner. Originally listed for $200 million, the sprawling, over-the-top Playboy Mansion was purchased by Daren Metropoulos, heir to a billion-dollar fortune. Covering 5 acres in L.A.’s Platinum Triangle, the 12-bed, 20,000-square-foot Playboy Mansion comes with a wine cellar, a tennis court, and the swimming pool with its famous grotto, a home theater and a 4-bed guest house. The residence, which will continue to be the home of previous owner Hugh Heffner for his lifetime, is also one of the very few L.A. private residences with a zoo license.

Also sold for a dizzying $100 million, 301 N Carolwood Drive, Los Angeles is a 10-bed contemporary estate with epic views. Originally listed for $150 million, the luxurious home was purchased by billionaire Tom Gores in October 2016. The 30,000-square-foot property comes with 20 baths, a 10-car garage, a basketball court and a heated indoor pool among its many high-end amenities.

Check out the most expensive zip codes in Southern California below:

#Zip codeLocationMedian sale price 2016County
190402Santa Monica$3,400,000Los Angeles County
290210Beverly Hills$3,226,000Los Angeles County
392662Newport Beach$2,625,000Orange County
490265Malibu$2,500,000Los Angeles County
593108 Santa Barbara$2,491,500Santa Barbara County
692661Newport Beach$2,482,500Orange County
792067Rancho Santa Fe$2,300,000San Diego County
892657Newport Coast$2,295,000Orange County
990272Pacific Palisades$2,235,000Los Angeles County
1092625Corona Del Mar$2,150,000Orange County
1191108San Marino$2,145,000Los Angeles County
1290266Manhattan Beach$1976,250Los Angeles County
1392651Laguna Beach$1,825,000Orange County
1490077Los Angeles$1,767,500Los Angeles County
1590212Beverly Hills$1,750,000Los Angeles County
1690049Los Angeles$1,712,500Los Angeles County
1790291Venice$1,656,500Los Angeles County
1892660Newport Beach$1,600,000Orange County
1990211Beverly Hills$1,575,000Los Angeles County
2091011La Canada Flintridge$1,555,000Los Angeles County
2190274Palos Verdes Peninsula$1,500,000Los Angeles County
2290048Los Angeles$1,489,500Los Angeles County
2390036Los Angeles$1,471,500Los Angeles County
2490405Santa Monica$1,450,000Los Angeles County
2592118Coronado$1,447,500San Diego County
2690254Hermosa Beach$1,442,000Los Angeles County
2792014Del Mar$1,396,000San Diego County
2892663Newport Beach$1,382,000Orange County
2991436Encino$1,350,000Los Angeles County
3091302Calabasas$1,280,000Los Angeles County
3190064Los Angeles$1,265,000Los Angeles County
3290403Santa Monica$1,250,000Los Angeles County
3390027Los Angeles$1,238,500Los Angeles County
3492861Villa Park$1,227,500Orange County
3593109Santa Barbara$1,200,000Santa Barbara County
3690232Culver City$1,200,000Los Angeles County
3792007Cardiff By The Sea$1,175,000San Diego County
3893103Santa Barbara$1,175,000Santa Barbara County
3990066Los Angeles$1,150,000Los Angeles County
4090035Los Angeles$1,150,000Los Angeles County
4191008Bradbury$1,140,000Los Angeles County
4290068Los Angeles$1,104,000Los Angeles County
4390275Rancho Palos Verdes$1,086,500Los Angeles County
4490067Los Angeles$1,077,500Los Angeles County
4592037La Jolla$1,075,000San Diego County
4690046Los Angeles$1,072,500Los Angeles County
4792603Irvine$1,069,750Orange County
4891604Studio City$1,025,000Los Angeles County
4990277Redondo Beach$1,023,500Los Angeles County
5091105Pasadena$1,023,000Los Angeles County

Share this on your site

Methodology

In order to determine which were the most expensive ZIP codes in Southern California, we looked at all residential transactions closed in 2016, taking into account condo, co-op, single- and the two-family homes. All package deals were excluded.

We defined Southern California as the counties of Santa Barbara, Ventura, San Bernardino, Los Angeles, Riverside, San Diego and Imperial.

Eliza Theiss

Eliza Theiss

Eliza Theiss is a senior writer reporting real estate trends in the US. Her work has been cited by CBS News, Curbed, The Los Angeles Times, and Forbes among others. With an academic background in journalism, Eliza has been covering real estate since 2012. Before joining PropertyShark, Eliza was an associate editor at Multi-Housing News and Commercial Property Executive. Eliza also writes for CommercialEdge. Reach her at [email protected]

Leave a Reply