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You’re standing at the intersection of Wilshire Boulevard and Fairfax Avenue, the beating heart of Mid Wilshire. The air buzzes with possibility, and you can almost taste the blend of history and modernity that defines this eclectic Los Angeles neighborhood. As you contemplate making your move into this vibrant community, let’s dive into the world of mid wilshire homes for sale and uncover the hidden gems waiting for you to call home.
Mid Wilshire isn’t just a place; it’s a mood. It’s that feeling you get when you’re sipping artisanal coffee at a sidewalk café, watching the world go by in all its LA glory. It’s the thrill of living where culture and convenience collide, where every street corner tells a story.
You’ve probably heard the whispers about Mid Wilshire’s real estate market. Some say it’s too hot to handle, others claim it’s cooling off. But here’s the truth: it’s a market that defies simple categorization, much like the neighborhood itself.
Picture this: You’re strolling down Museum Row on a lazy Sunday afternoon, the iconic LACMA lights beckoning you towards your next cultural fix. That’s the Mid Wilshire life – a constant dance between the sophisticated and the spontaneous.
But let’s talk brass tacks. The median home value in Mid Wilshire is hovering around $2,072,784, according to recent data from Trulia. That’s not pocket change, but consider this: you’re not just buying a house; you’re investing in a lifestyle that’s uniquely LA.
Now, I’ve got to be real with you. The Mid Wilshire housing market is like that friend who’s always up for an adventure – exciting, but sometimes unpredictable. Homes here are selling after an average of 59 days on the market, up from 45 days last year, as reported by Redfin. What does this mean for you? You’ve got a bit more breathing room to make your decision, but don’t dawdle too long.
Here’s a juicy tidbit for you: some homes in Mid Wilshire are getting multiple offers, with the average home selling for about 2% below list price. But if you’ve got your eye on a hot property, be prepared to move fast – these gems can sell for around list price and go pending in about 39 days.
Living in Mid Wilshire is like having the best playlist of LA life on constant repeat. You’ve got the buzz of Miracle Mile, the tranquility of Brookside, and the old-world elegance of Fremont Place all within reach.
Miracle Mile isn’t just a street; it’s a state of mind. This stretch of Wilshire Boulevard is home to some of LA’s most iconic museums:
Living here means you’re always a stone’s throw away from world-class exhibitions and events. The Bienstrock Group reports that homes in this area range from $1.3 million to $6 million, with an average price per square foot between $760 and $1,197. If you’re looking for miracle mile los angeles homes for sale, you’ll find a variety of options to suit your taste and budget.
Nestled between Highland Avenue and Muirfield Road, Brookside offers a more laid-back vibe. This charming neighborhood is characterized by:
Brookside homes for sale tend to be on the higher end of the Mid Wilshire spectrum, with many properties exceeding $2 million. The area’s unique blend of natural beauty and urban convenience makes it a highly sought-after location for those seeking a tranquil retreat within the city.
If you’re looking for grandeur, Fremont Place delivers. This gated community features:
Properties in Fremont Place are some of the most expensive in Mid Wilshire, often surpassing $5 million.
And let’s not forget about the food scene. From the iconic Original Farmers Market to the trendy restaurants popping up faster than you can say avocado toast, your taste buds will never be bored.
Let’s talk options, because Mid Wilshire serves up a veritable buffet of home styles. You’ve got your classic 1920s Spanish Revival homes, dripping with charm and begging for a cocktail party on the terrace. Then there are the sleek, modern condos that make you feel like you’re living in the future – but with better tacos nearby.
Consider this: a 3-bedroom, 2-bathroom home on Lucerne Boulevard recently listed for $2,299,000. It’s the kind of place where you can imagine hosting Thanksgiving dinner and actually enjoying it. Or maybe you’re dreaming bigger – how about a 5-bedroom, 6-bathroom stunner on Plymouth Boulevard for $4,500,000? That’s not just a house; it’s a statement.
But here’s a little secret: keep an eye out for those 1920s duplexes south of Olympic Boulevard. They’re often more affordable per square foot, and some units exceed 2,500 square feet. It’s like getting a mansion for the price of a condo – and who doesn’t love a good deal?
Let’s take a closer look at a recent sale that exemplifies the Mid Wilshire market. A beautifully renovated 1924 Spanish Modern Revival in Hancock Park, one of Mid Wilshire’s most prestigious neighborhoods, recently sold for $3.2 million. This 4-bedroom, 3.5-bathroom home spans 3,200 square feet and features:
This property spent just 28 days on the market before receiving multiple offers, ultimately selling for $50,000 over the asking price. It’s a perfect example of how high-end, well-maintained properties in desirable Mid Wilshire locations can still command premium prices and generate significant interest.
As you contemplate your move to Mid Wilshire, it’s worth considering the area’s future prospects. Several developments are set to shape the neighborhood in the coming years:
Q: What’s the average home price in Mid Wilshire?
A: The median home value in Mid Wilshire is sitting pretty at about $2,072,784, according to recent data. But don’t let that number scare you – there’s a range of options for different budgets, from cozy condos to sprawling estates. For example, you might find a charming 2-bedroom condo for around $800,000, while a luxurious single-family home in Hancock Park could easily exceed $5 million.
Q: How close is Mid Wilshire to major Los Angeles attractions?
A: Mid Wilshire is centrally located, making it a dream for both culture vultures and urban explorers. Here’s a quick rundown of distances to popular spots:
With the upcoming Metro Purple Line extension, getting around will be even easier. You’ll be able to zip from Mid Wilshire to downtown in about 13 minutes once the line is complete.
Q: What are the benefits of living in Mid Wilshire?
A: Where do I start? Mid Wilshire offers a unique blend of urban amenities and residential charm. Here are just a few perks:
Q: What types of homes are available in Mid Wilshire?
A: Mid Wilshire offers a diverse range of housing options to suit various preferences and budgets:
For those interested in specific neighborhoods, you might want to explore homes for sale longwood highlands or homes for sale wilshire vista heights, each offering its own unique charm and character within the Mid Wilshire area.
Q: What’s the real estate market like for investors in Mid Wilshire?
A: Mid Wilshire presents compelling opportunities for real estate investors:
According to recent data from Mashvisor, the average cap rate for long-term rentals in Mid Wilshire hovers around 2.5-3%, while short-term rentals can yield cap rates of 4-5% in popular areas near tourist attractions.
Q: Are there any upcoming developments that might affect property values in Mid Wilshire?
A: Several projects are in the pipeline that could impact Mid Wilshire’s real estate landscape:
Keep an eye on these developments as they progress, as they could influence your buying or selling decisions in the Mid Wilshire market.
So, are you ready to make your move? Mid Wilshire is waiting, and trust me, it’s worth the hustle. Welcome to your new favorite neighborhood – where every day feels like a movie premiere, and you’re the star.
Embarking on a property search akin to a treasure hunt, each click unravels the tapestry of possibilities. The search isn’t just a mere quest; it’s a personalized journey through architectural narratives, neighborhood nuances, and the pulse of a city’s heartbeat. Every keystroke reveals a spectrum of homes, each with its own story waiting to be discovered. It’s not merely a search; it’s a curated exploration of lifestyles and possibilities, guided by the rhythm of one’s aspirations. Let your curiosity run wild as you explore these similar custom searches.
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| Wilshire Center |
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