Bel Air and Beverly Hills area offer four guard gated communities that include Bel Air Crest, Beverly Park, The Summit, and Mulholland Estates. Your options will range from 2,400 square feet up to 15,000 square feet in Bel Air Crest. Expect to spend between $1.5M and over $7M depending on your lifestyle needs.
Bel Air median real estate price is $3,689,708, which is more expensive than 99.8% of the neighborhoods in California and 99.9% of the neighborhoods in the U.S.
The average rental price in Bel Air is currently $3,743, based on NeighborhoodScout’s exclusive analysis. The average rental cost in this neighborhood is higher than 99.7% of the neighborhoods in California.
Bel Air is a suburban neighborhood (based on population density) located in Los Angeles, California.
Bel Air real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Bel Air neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Vacant apartments or homes are a major fact of life in Bel Air. The current real estate vacancy rate here is 20.5%. This is higher than the rate of vacancies in 85.6% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.
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 Bel Air neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
NOTABLE & UNIQUE: DIVERSITY
Did you know that the Bel Air neighborhood has more Iranian and Eastern European ancestry people living in it than nearly any neighborhood in America? It’s true! In fact, 9.6% of this neighborhood’s residents have Iranian ancestry and 3.0% have Eastern European ancestry.
Bel Air is also pretty special linguistically. Significantly, 9.6% of its residents five years old and above primarily speak Persian at home. While this may seem like a small percentage, it is higher than 99.9% of the neighborhoods in America.
NOTABLE & UNIQUE: PEOPLE
Wealth makes most things in life easier, and a few things harder. If you are wealthy and enjoy keeping up with the Jones’, this neighborhood will interest you. In fact, according to NeighborhoodScout’s research, the Bel Air neighborhood is wealthier than 99.6% of the neighborhoods in the United States. Residents here are truly in a unique situation even when compared to other Americans, based on the sheer amount of wealth concentrated here. Even in times of economic downturn, residents of this neighborhood, as a group, suffered less and recovered more quickly. This is indeed a stand-out characteristic of this neighborhood.
In addition, a majority of the adults in the Bel Air neighborhood are wealthy and educated executives. They own stately homes that tend to maintain high real estate appreciation rates. Their upper-level careers keep them busy, but allow them to live comfortably. If you’re an executive and want to keep similar company, consider settling in this neighborhood, rated as an executive lifestyle “best choice” neighborhood for California by NeighborhoodScout’s analysis, which rated it as better for executive lifestyles than 99.2% of the neighborhoods in California. In addition to being an excellent choice for highly educated executives, this neighborhood is also a very good choice for active retirees, urban sophisticates and families with school-aged children.
Also, if knowledge is power, then imagine the cumulative power of one neighborhood where many of the adults have earned an advanced degree, such as a Masters, law degree, medical degree, or even a Ph.D. This is certainly the case in the Bel Air neighborhood, where 39.2% have earned an advanced degree. Compare that to the average neighborhood in America, where just 8.4% of adults have completed a post-graduate degree, and you can see why this neighborhood is a stand out. In fact, this neighborhood has a higher rate of adults with an advanced degree than 98.2% of the neighborhoods in America.
NOTABLE & UNIQUE: OCCUPATIONS
Executives, managers and professionals make up 74.9% of the workforce in the Bel Air neighborhood which, according to NeighborhoodScout’s exclusive analysis, is a higher proportion of such high-level people than is found in 99.2% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.
NOTABLE & UNIQUE: MODES OF TRANSPORTATION
While most Americans do drive to work alone each day, the Bel Air neighborhood stands out by having 94.7% of commuters doing so, which is a higher proportion of people driving alone to work than NeighborhoodScout found in 97.6% of all American neighborhoods.
Also, in the Bel Air neighborhood, many people’s commute means walking from the bedroom to the home office. NeighborhoodScout’s analysis found that 12.9% of residents worked from home. This may not seem like a large number, but Scout’s research shows that this is a higher percentage of people working from home than 97.1% of the neighborhoods in America. Often people who work from home are engaged in the creative or technological economy, such as is found in areas around Boston, and in Silicon Valley. Other times, people may be engaged in other businesses like trading stocks from home, or running a small beauty salon.
NOTABLE & UNIQUE: CAR OWNERSHIP
We Americans love our cars. Not only are they a necessity for most Americans due to the shape of our neighborhoods and the distances between where we live, work, shop, and go to school, but we also fancy them. As a result, most households in America have one, two, or three cars. But NeighborhoodScout’s exclusive analysis shows that the Bel Air neighborhood has a highly unusual pattern of car ownership. Residents of this neighborhood must really love automobiles. NeighborhoodScout’s Analysis reveals that 38.5% of the households here have four, five, or more cars. That is more cars per household than in 96.0% of the neighborhoods in the nation.
NOTABLE & UNIQUE: REAL ESTATE
In addition, one way that the Bel Air neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 96.5% of the neighborhoods in America. When you walk or drive around this neighborhood, you’ll instantly notice the size of the homes here which definitely makes a strong visual statement.
Furthermore, this Bel Air neighborhood has earned the amazing distinction of having one of the highest rates of detached, single-family homes of any neighborhood in the U.S. With 97.1% of the residential real estate here made up of free-standing single-family homes, there is a greater proportion of single-family homes here than in 95.9% of all neighborhoods in America.
THE NEIGHBORS: INCOME
How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout’s analysis reveals both aspects of income and poverty for this neighborhood.
The neighbors in the Bel Air neighborhood in Los Angeles are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout’s exclusive analysis reveals that this neighborhood has a higher income than 99.6% of the neighborhoods in America. In addition, 10.6% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 62.7% of America’s neighborhoods.
THE NEIGHBORS: OCCUPATIONS
What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the Bel Air neighborhood, 74.9% of the working population is employed in executive, management, and professional 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 17.8% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (4.9%), and 2.5% in manufacturing and laborer occupations.
THE NEIGHBORS: 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 Bel Air neighborhood in Los Angeles, CA, residents most commonly identify their ethnicity or ancestry as German (9.8%). There are also a number of people of Irania ancestry (9.6%), and residents who report Italian roots (5.0%), and some of the residents are also of Russian ancestry (4.4%), along with some English ancestry residents (4.3%), among others. In addition, 18.3% of the residents of this neighborhood were born in another country.
THE NEIGHBORS: 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 Bel Air neighborhood is English, spoken by 75.2% of households. Other important languages spoken here include Persian and French.
GETTING TO WORK
Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Bel Air neighborhood spend between 15 and 30 minutes commuting one-way to work (38.2% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (94.7%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
