Living in Los Angeles, we’ve been probably seeing gentrification for the past 10-15+ years. Tearing down old buildings and building new sustainable ones. While in Middle School 1998-2000, you couldn’t beat me into walking the streets of Frogtown, although I didn’t have a choice because my best friends house ALWAYS had watermelon. I felt Echo Park went through a period of disinvestment but their social culture and sense of community were still there. I think because of this, long time residents were able to adapt to the new philosophy upper middle-class folks whom used to consider the area unsafe, a new home.
Echo Parks neighboring city, Silver Lake didn’t do too shabby either. Home of some of the best Instagram-able restaurants and If you’re reading this, stop by this area to experience the hustle and bustle of Los Angeles! Below are a few of my faves:
Now in 2019, gentrification has trickled down to most of South Los Angeles and Northeast Los Angeles. View Park, Jefferson Park, Windsor Hills, Leimert Park, Boyle Heights, Lincoln Heights, Highland Park, Eagle Rock and even El Sereno has seen its fair share of demolition and rebuilding. Once with reputations of high crime rates and devolved urban wastelands, we are now seeing restored craftsman style homes, Spanish revivals and hip mid-century chic abodes to sky rising mixed-used developments.
Another great example of gentrification is The Brooklyn apartment Notorious B.I.G. once called his “one-room shack”. It was on the market for $725,000 in 2013 and then sold at $825,000! Doing a quick search, its neighbor sold his apartment for a cool 1M+ late last year 2018. The then terrifying Clinton Hill Is now a vibrant middle- to upper-middle class neighborhood — and the apartment is hundreds of thousands more than it would have been worth in the 1980s.
Because of the gentrification process, the areas we feel unwelcomed becomes more pleasant, the new park feels safer for our children to play in and the neighborhoods we once walked can be called home again. Instead of neighborhood displacement, it is a neighborhood succession.
Blackrock Investments and Finance, Inc.
direct (951) 963-4023 | cell (626) 731-4485 |fax (626) 529-0850
email email@example.com | web http://www.realtorjudyha.com
CA DRE: 01884583
SEARCH PROPERTIES ⤵️