Tech Industry Boosts Home Values In LA's Beach Communities

From Bungalow To Traditional, View 4 High-Priced Silicon Beach Listings

Silicon Beach listings

Silicon Beach Listings

The popularity of Silicon Beach began several years ago with the emergence of several tech companies setting up shop in cities along the Westside of Los Angeles. Today, many of the nation’s most successful tech companies such as AOL, Buzzfeed, Yahoo!, and Google have offices located in the Westside. Since the arrival of tech companies, both commercial and residential real estate values in west Los Angeles have gone up consistently over the last several years. According to the California Association of Realtors, in September 2015 the median home price in Los Angeles county rose by 9.6% from September 2014. That’s almost a 10% increase in price in just a one year span. High prices and demand are especially prevalent in Silicon Beach neighborhoods such as Santa Monica and Venice Beach.

This week the national tech conference known as Techweek came to Los Angeles bringing together top technology companies, start up companies, industry leaders, and other Los Angeles based tech meet-up groups in events across the city. In honor of the tech conference coming to a close this weekend, below are 4 Silicon Beach listings in 4 of the area’s most desirable neighborhoods. If you have any questions about any of the below properties, feel free to contact me.

Venice Beach

Venice Beach bungalow located in the heart of town. Home is light and bright, and features wood flooring and high ceilings. It’s is currently priced at $1,488,000.

Bedrooms: 3

Bathrooms: 2

Interior Sq. Ft.: 1,361

Lot Sq. Ft.: 3,579

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Santa Monica

Traditional home featuring an open floor plan, wood flooring, and a well landscaped front and back yard. The home is currently priced at $1,495,000.

Bedrooms: 3

Bathrooms: 2

Interior Sq. Ft.: 1,890

Lot Sq. Ft.: 6,499

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Playa Del Rey

Built in 2012, home has a gourmet kitchen with granite counter tops, and an electrical car charging station. The home is currently priced at $1,549,000.

Bedrooms: 3

Bathrooms: 3

Interior Sq. Ft.: 2,852

Lot Sq. Ft.: 4,867

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Marina Del Rey

Newly remodeled home featuring wood flooring and stainless steel appliances in the kitchen. Home is located 1/4 mile from the beach and is currently priced at $1,595,000.

Bedrooms: 4

Bathrooms: 3

Interior Sq. Ft.: 1,786

Lot Sq. Ft.: 3,000

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