Los Angeles, CA Luxury Real Estate - Homes for Sale (2024)

FAQs

What is the most exclusive area in Los Angeles? ›

Most would agree that the neighborhood in Los Angeles with the most expensive homes is considered to be Beverly Hills. It's renowned worldwide for the luxurious properties of the rich and famous Hollywood set.

Both neighborhoods bask in Mediterranean weather and offer breathtaking views of their surrounding areas. However, Bel Air's topography provides it a slightly secluded and exclusive ambiance, while Beverly Hills blends urban convenience with luxurious living.

The average Los Angeles home value is $974,105, up 5.7% over the past year and goes to pending in around 19 days.

Beverly Hills is the iconic address for movie stars to live in. Remember that these are private homes.

Santa Monica, located in Los Angeles, is widely recognized as one of the wealthiest neighborhoods. This affluent status arises from its prime coastal location, an abundance of luxurious amenities, and thriving economic prospects.

According to Zillow, the average home in Bel Air is a little over $3 million. So I would recommend a steady annual income of more that $2.75 million before you consider buying an average home there.

Prices: Compared to the other most expensive zip codes in LA, Calabasas and Hidden Hills looks like a bargain compared to Beverly Hills, Bel Air, Santa Monica and Pacific Palisades.

Calabasas offers the same quality of shopping, food, drinks, and events as Beverly Hills while still giving you the option to cozy up peacefully in your home. If those aren't enough reasons to move to Calabasas, there is also a private club with a majestic golf course and all of the family amenities.

What is the most expensive real estate area in California? ›

While ZipRecruiter is seeing salaries as high as $152,969 and as low as $12,336, the majority of Luxury Real Estate Broker salaries currently range between $64,100 (25th percentile) to $122,900 (75th percentile) with top earners (90th percentile) making $146,555 annually in California.

Los Angeles did not make the top ten, ranking #17. Here, a single person needs $110,781 annually or $53.26 in hourly wages to be comfortable, according to the data. For a family of two working adults with two children, a salary of $276,557 is needed. Anaheim and Long Beach also made the list, tying for #14.

The numbers: The California Association of Realtors released its 2022 affordability report on Wednesday. The real estate trade association determined that local households needed to earn at least $192,800 per year in order to afford L.A. County's 2022 median home price of $849,410.

A $200,000 a year salary is downright middle class if you're living in a big city like San Francisco, Los Angeles, Seattle, New York, Boston, Washington D.C., or San Diego.

Together with Beverly Hills, Bel Air and Holmby Hills form Los Angeles' prestigious Platinum Triangle. This incredibly desirable area is the pinnacle of Hollywood glamour and luxury. The gated community of Bel Air is among the world's most exclusive communities.

Rodeo Drive is one of the city's main shopping streets and is known internationally for being one of the most expensive, exclusive shopping areas in the world where the most prestigious designer brands in the world offer their most luxury items.

Unsurprisingly, California largely dominated GOBankingRate's list. The top city where “the rich are getting richer,” analysts found, was Los Altos, where the average household income exceeded $400,000 in 2022, according to U.S. Census Bureau data. No other city on the list had a household income above $400,000.