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Real Estate Prices & Overview

W 4th St / S Mariposa Ave median real estate price is $836,408, which is less expensive than 59.4% of California neighborhoods and 19.4% of all U.S. neighborhoods.

The average rental price in W 4th St / S Mariposa Ave is currently $2,577, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 69.3% of California neighborhoods.

W 4th St / S Mariposa Ave is a densely urban neighborhood (based on population density) located in Los Angeles, California.

W 4th St / S Mariposa Ave 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 W 4th St / S Mariposa Ave neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

W 4th St / S Mariposa Ave has a 11.7% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 68.4% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

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 W 4th St / S Mariposa Ave neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

The real estate in the W 4th St / S Mariposa Ave 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, 99.3% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 99.8% of American neighborhoods.

In addition, what you'll find when you visit or move to this neighborhood is one of the most crowded neighborhoods in all of America. With an incredible 79,277 people per square mile, it is more densely populated than 99.4% of America's neighborhoods. Even if you drive or take transit to your place of employment, many people enjoy being able to walk in their neighborhood. What many people don't realize is that most of America's premier vacation locations are also very walkable. The W 4th St / S Mariposa Ave neighborhood is among the top 5% of American neighborhoods in terms of walkability.

Furthermore, the W 4th St / S Mariposa Ave 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 94.2% 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.

Also of note, 97.4% of the real estate in the W 4th St / S Mariposa Ave neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.

Modes of Transportation

Our research revealed that more commuters here take the bus to work (22.5% ride the bus) than 99.0% 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.

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 W 4th St / S Mariposa Ave 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

Did you know that the W 4th St / S Mariposa Ave neighborhood has more Asian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 31.6% of this neighborhood's residents have Asian ancestry.

W 4th St / S Mariposa Ave is also pretty special linguistically. Significantly, 13.6% 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 99.8% 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 W 4th St / S Mariposa Ave 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 64.7% of U.S. neighborhoods. With 12.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 55.3% of U.S. neighborhoods.

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 W 4th St / S Mariposa Ave neighborhood, 34.0% 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 executive, management, and professional occupations, with 32.6% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (20.6%), and 12.7% 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 W 4th St / S Mariposa Ave neighborhood is Spanish, spoken by 41.6% of households. Other important languages spoken here include English, Korean and Tagalog (the first language of the Philippine region).

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 W 4th St / S Mariposa Ave neighborhood in Los Angeles, CA, residents most commonly identify their ethnicity or ancestry as Asian (31.6%). There are also a number of people of Mexican ancestry (21.9%), and residents who report Irish roots (1.5%), and some of the residents are also of Sub-Saharan African ancestry (1.2%), along with some German ancestry residents (1.1%), among others. In addition, 53.8% of the residents of this neighborhood were born in another country.

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 W 4th St / S Mariposa Ave neighborhood spend between 30 and 45 minutes commuting one-way to work (43.9% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (50.6%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (22.5%) and 6.8% of residents also carpool with coworkers, friends, or neighbors 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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