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Real Estate Prices & Overview

S Park View St / Miramar St median real estate price is $774,014, which is more expensive than 40.7% of the neighborhoods in California and 83.6% of the neighborhoods in the U.S.

The average rental price in S Park View St / Miramar St is currently $2,171, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 83.6% of California neighborhoods.

S Park View St / Miramar St is a densely urban neighborhood (based on population density) located in Los Angeles, California.

S Park View St / Miramar St 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 townhomes. Most of the residential real estate is renter occupied. Many of the residences in the S Park View St / Miramar St neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Home and apartment vacancy rates are 6.6% in S Park View St / Miramar St. NeighborhoodScout analysis shows that this rate is lower than 56.3% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Los Angeles, the S Park View St / Miramar St neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Modes of Transportation

Our research revealed that more commuters here take the bus to work (26.9% ride the bus) than 99.5% of all American neighborhoods. If you like the idea of leaving your car and home and hopping the bus to work, this might be a good neighborhood for you to consider.

Real Estate

Renter-occupied real estate is dominant in the S Park View St / Miramar St neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 98.3%, which is higher than 98.8% 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.

In addition, the S Park View St / Miramar St neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 35,123 persons per square mile in the neighborhood, it is more packed with people than 97.5% of the nation's neighborhoods.

Furthermore, the real estate in the S Park View St / Miramar St neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 80.5% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 96.8% of American neighborhoods.

Also of note, the S Park View St / Miramar St neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 84.7% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the S Park View St / Miramar St neighborhood buck this trend. 20.2% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 95.3% 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 S Park View St / Miramar St neighborhood has a greater percentage of residents born in another country (53.8%) than are found in 98.4% of all U.S. neighborhoods.

Diversity

Significantly, 3.5% of its residents five years old and above primarily speak Korean at home. While this may seem like a small percentage, it is higher than 98.1% of the neighborhoods in America.

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 S Park View St / Miramar St 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 82.5% of U.S. neighborhoods. With 28.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 79.7% of U.S. neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the S Park View St / Miramar St neighborhood, 36.3% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 31.8% of the residents employed. Other residents here are employed in executive, management, and professional occupations (16.3%), and 14.8% in clerical, assistant, and tech support occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the S Park View St / Miramar St neighborhood is Spanish, spoken by 75.3% of households. Other important languages spoken here include English, Tagalog (the first language of the Philippine region) and Korean.

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the S Park View St / Miramar St neighborhood in Los Angeles, CA, residents most commonly identify their ethnicity or ancestry as Mexican (39.6%). There are also a number of people of Asian ancestry (10.1%), and residents who report German roots (2.4%), and some of the residents are also of Irish ancestry (2.2%), along with some English ancestry residents (1.7%), among others. In addition, 53.8% 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 S Park View St / Miramar St neighborhood spend between 30 and 45 minutes commuting one-way to work (28.3% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (48.4%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (26.9%) and 9.8% of residents also hop out the door and walk to work 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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