Apollo Hills is the new Sunset District of Los Angeles, constructed on the south side of the hill that is overhanging the Tujunga River. The majority of the area is residential, which is divided into several districts, each with their own unique appeal and affordability at Woodledge.
During the 1930s, the hills and the city were residential hotbeds for Hollywood millionaires and Hollywood royalty. The influx of wealthy, Hollywood celebrities changed the area dramatically, creating a sprawling upscale, and exclusive neighbourhood that today is still considered “the Hollywood Hills”. Most homes in Apollo Hills today are still of the Hollywood range, while some have evolved over the years.
In a recent Forbes article about movie prices, it was noted that prices of luxury items are skyrocketing, leading to the point where people would rather rent a cheap movie than pay a ridiculously high ticket to see the newest releases. Therefore, it is not surprising that a lot of people are looking to buy homes in the area. In addition, while homes are usually more expensive in the neighbourhood than elsewhere in the city, the costs of renting can vary greatly between areas.
Apartments are now available in most of the city’s older neighbourhoods, such as the Sunset and Miracle Mile, though demand for the style of housing that is available is far outstripping supply. There are no new developments in the neighbourhood and the area is not expected to see one in the near future. It is likely that new developments will be built further out on the hills, or in other areas. However, the hills themselves are beautiful and well maintained, with lower crime rates, numerous parks, and open space.
With the housing market is changing and the rental market not changing, it is important to know what the rental market in the area is like. For renters, apartments in the area are more expensive than the average area. Homes in the neighbourhood are still affordable, but like any other neighbourhood, those willing to spend more will find it expensive to do so. Prices for a studio apartment in the neighbourhood can range from around $800-$1500 per month, while the upper end of the cost scale is closer to $1200 per month.
The best way to know what it is like to live in the neighbourhood is to look at what others are paying for homes. When you look at prices for homes in the neighbourhood, there is a good deal of variation. Some homes in the neighbourhood will be listed at more than $500,000, while others will be considerably lower. Many homes in the neighbourhood will also be pricier than the average in the neighbourhood, sometimes to the point where the difference between one neighbourhood and another will become very significant.
Another thing to know is that year homes in the neighbourhood tend to be slightly more expensive. However, it can also be difficult to find year homes, especially if you are looking for a place to rent in the area. Unless you have an extremely good recommendation, it is very unlikely that your broker will recommend one of the year homes.
Apollo Hills West Valley City, UT 84128