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 Balboa Blvd / Rinaldi St 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 Balboa Blvd / Rinaldi St neighborhood has more
Armenian and Arab ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 16.2% of
this neighborhood's residents have Armenian ancestry and 6.5% have Arab ancestry.
Balboa Blvd / Rinaldi St is also pretty special linguistically. Significantly, 4.5% of its residents five years old and above primarily
speak Arabic at home. While this may seem like a small percentage, it is higher
than 98.9% of the neighborhoods in America.
Notable & Unique: People
Of note is NeighborhoodScout's research finding that the
Balboa Blvd / Rinaldi St neighborhood has some of the lowest rates of children
living in poverty of any neighborhood in the United States. In a nation
where approximately 1 in 4 children are living in poverty, the
Balboa Blvd / Rinaldi St community truly stands out from the rest in this regard.
In addition, the Balboa Blvd / Rinaldi St neighborhood is a great option for families,
as revealed by NeighborhoodScout's research on this neighborhood. The
combination of top public schools, low crime rates, and owner-occupied
single family homes, make this neighborhood among the top
7.6% of family-friendly neighborhoods in the
state of California. Many other families also live here, making
it easy to socialize and develop a sense of community. In addition,
families here highly value education, as is reflected by the strength of
the local schools.
Notable & Unique: 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.
More residents of the Balboa Blvd / Rinaldi St neighborhood live here
today that also were living in this same neighborhood five years ago
than is found in 95.7% of U.S. neighborhoods. This neighborhood
is really made up of people who know each other, don't move often, and
have lived here in this very neighborhood for quite a while.
Notable & Unique: Real Estate
In addition, this neighborhood has the distinction of having one of the lowest real estate vacancy rates of any neighborhood in America. With just 0.0% of the real estate vacant, this indicates an exceptionally strong demand for real estate in the Balboa Blvd / Rinaldi St neighborhood, and/or an issue with creating enough supply for the demand. This could have the effect of increasing real estate prices, increasing supply to meet demand, or both.
Furthermore, most neighborhoods have a mixture of ages of homes in them, from new to old, but this neighborhood stands out due to its concentration of residential real estate built in one time frame: from 1940 through 1969, generally considered older, well-established homes. This was a busy time in America for home construction. After the end of World War II, as GIs came home, bought newly built homes on the edges of cities with the help of the GI Bill, and began their families. This housing era generally coincides with the 'Baby Boom' generation (1945 - 1964), and many baby boomers grew up in homes built in this era. But what is so interesting about the Balboa Blvd / Rinaldi St neighborhood, is that an incredible 88.6% of the homes here were built in this era. So when you walk its streets or drive through, this neighborhood has a look and feel that harkens to that era in American life, a very important slice of Americana.
Also of note, this Balboa Blvd / Rinaldi St 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 100.0% 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 99.3% of all neighborhoods in America.