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Real Estate Prices & Overview

South Park East median real estate price is $704,649, which is more expensive than 34.8% of the neighborhoods in California and 80.6% of the neighborhoods in the U.S.

The average rental price in South Park East is currently $2,542, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 73.2% of California neighborhoods.

South Park East is a densely urban neighborhood (based on population density) located in Los Angeles, California.

South Park East real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the South Park East neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Real estate vacancies in South Park East are 5.7%, which is lower than one will find in 61.7% of American neighborhoods. Demand for real estate in South Park East is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Occupations

More people work in manufacturing and as laborers here in the South Park East neighborhood than in 99.4% of the neighborhoods in America. Despite the loss of manufacturing jobs across the nation, this neighborhood remains a place where, compared to other parts of the country, you will find many laborers and manufacturers.

Real Estate

If you like crowded places, then you will probably enjoy the the South Park East neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 96.4% of neighborhoods in the U.S., with 26,942 people per square mile living here. Being a walkable neighborhood can help increase property values for the simple reason that people enjoy it and value it. To put it plainly, despite our love affair with the automobile, American's enjoy taking to the streets, sidewalks, paths, and courtyards of a place to get a coffee, relax, and take in the sights and sounds. And, according to NeighborhoodScout's exclusive and first quantitative walkable score index, the South Park East neighborhood is one of the most walkable neighborhoods in America.

In addition, renter-occupied real estate is dominant in the South Park East neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 84.5%, which is higher than 95.2% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.

Modes of Transportation

More people ride the bus in this neighborhood each day to get to work than 95.7% of U.S. neighborhoods.

Migration / Stability

The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. What is interesting to note, is that the South Park East neighborhood has a greater percentage of residents born in another country (47.3%) than are found in 96.9% of all U.S. neighborhoods.

Diversity

Did you know that the South Park East neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 65.8% of this neighborhood's residents have Mexican ancestry.

South Park East is also pretty special linguistically. Significantly, 84.0% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 99.0% of all U.S. neighborhoods.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the South Park East neighborhood in Los Angeles are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 81.7% of U.S. neighborhoods. With 21.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 70.8% of U.S. neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the South Park East neighborhood, 53.1% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 21.0% of the residents employed. Other residents here are employed in executive, management, and professional occupations (14.0%), and 10.5% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the South Park East neighborhood is Spanish, spoken by 84.0% of households. Some people also speak English (14.7%).

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the South Park East neighborhood in Los Angeles, CA, residents most commonly identify their ethnicity or ancestry as Mexican (65.8%). There are also a number of people of Asian ancestry (1.3%). In addition, 47.3% of the residents of this neighborhood were born in another country.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in South Park East neighborhood spend between 15 and 30 minutes commuting one-way to work (32.1% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (64.5%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (19.9%) and 11.5% of residents also ride the bus for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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