What are some the characteristics that you look for when you search for a second residence such as a vacation or retirement home? Some obvious comforts that people look for include: privacy and comfort, the ocean so that they can do things such as swim, go boating, and surf, play sports such as basketball, tennis, and golf, be close to entertainment mecca’s such as Casino towns and Hollywood, clubs, and so much more. With Los Angeles Condos, you can get all of that for a significantly lower price than a house. The architecture of much of these condos are “unique,” and the supply constraint that will exist after the current supply is exhausted means a higher likelihood of appreciation in the coming years.
If you are looking for something close to the beach in Los Angeles, some places with fantastic condo projects include Marina Del Rey, Santa Monica, and Redondo Beach. Here you can get some decent Los Angeles condominiums for about $500,000 a piece. There are some condos that are literally on the beach for those who are have a strong desire to be very near the water. These condos are significantly more expensive because of the “location,” but offer you an opportunity to live in a unique spot for a much lower price than a house.
If you love to attend sporting events, then another option is to live in the “Ritz Carlton” Residences near Staples Center for about a million. Here you will have quick access to Lakers, Clippers, Kings, and USC football. This place provides state of the art amenities and first class hotel service, and you get to live in the hotel in the upper portion of the building for the best views. If you like playing basketball as well, you can always get a gym membership at USC for about $300 a year.
If you want to join a Artsy community, then the “other side” of downtown Los Angeles may be the place for your second home. Here you can join the “crazies” and amazing artists that comprise of downtown. You can see many of these people work displayed in the “Art Walk” every month, and will meet a variety of “eclectic” people who value art.
If you enjoy the “movie star” life style, and clubs, then you may want to live in Hollywood or West Hollywood. There are many Los Angeles Condos located in these areas that are less than $500,000, and can provide you the lifestyle you are seeking. Plus you will have close access to the beaches as well such as Santa Monica, and Malibu, which are only 15 to 20 minutes away.
Los Angeles has a variety of places which can satisfy the needs of someone looking for a second home. A thorough review of these options can be a great start for looking for that second home.