Hollywood United Southeast median real estate price is $1,563,556, which is more expensive than 88.9% of the neighborhoods in California and 97.8% of the neighborhoods in the U.S.
The average rental price in Hollywood United Southeast is currently $2,000, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 86.7% of California neighborhoods.
Hollywood United Southeast is a densely urban neighborhood (based on population density) located in Los Angeles, California.
Hollywood United Southeast 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 small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the Hollywood United Southeast neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1970 and 1999.
Hollywood United Southeast has a 12.6% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 71.3% 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.
The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.
People
Of note is NeighborhoodScout's research finding that the Hollywood United Southeast 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 Hollywood United Southeast community truly stands out from the rest in this regard.
In addition, one of the most interesting things about the Hollywood United Southeast neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 58.0% of the households here made up of people living alone, NeighborhoodScout's research reveals that this is a larger proportion of people living alone than in 98.5% of the neighborhoods in America.
Real Estate
The Hollywood United Southeast 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 99.2% 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.
In addition, renter-occupied real estate is dominant in the Hollywood United Southeast neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 97.7%, which is higher than 98.7% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.
Furthermore, the real estate in the Hollywood United Southeast 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, 92.6% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 98.6% of American neighborhoods.
Also of note, the Hollywood United Southeast neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 39,121 persons per square mile in the neighborhood, it is more packed with people than 97.8% of the nation'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 Hollywood United Southeast neighborhood is among the top 5% of American neighborhoods in terms of walkability.
Modes of Transportation
More people ride the bus in this neighborhood each day to get to work than 98.2% of U.S. neighborhoods.
Car Ownership
Most American households own a car or other vehicle. Many own two cars or perhaps three. In the United States, it is useful to have an automobile not only for commuting, but also for shopping and getting to other services one needs. But NeighborhoodScout's analysis revealed that households in the Hollywood United Southeast neighborhood have a highly unusual car ownership. 27.0% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 96.8% of U.S. neighborhoods.
Diversity
Did you know that the Hollywood United Southeast neighborhood has more Armenian and Brazilian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 21.2% of this neighborhood's residents have Armenian ancestry and 3.6% have Brazilian ancestry.
Hollywood United Southeast is also pretty special linguistically. Significantly, 0.6% 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 96.3% of the neighborhoods in America.
Migration / Stability
Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. What is interesting to note, is that the Hollywood United Southeast neighborhood has a greater percentage of residents born in another country (47.0%) than are found in 96.8% of all U.S. neighborhoods.
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 Hollywood United Southeast neighborhood in Los Angeles are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 93.9% of U.S. neighborhoods. In addition, 0.0% 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 100.0% of America's neighborhoods.
The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.
In the Hollywood United Southeast neighborhood, 43.1% 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 27.7% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (18.5%), and 10.7% in clerical, assistant, and tech support occupations.
Languages
The most common language spoken in the Hollywood United Southeast neighborhood is English, spoken by 48.1% of households. Some people also speak Spanish (12.4%).
Ethnicity / Ancestry
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.
In the Hollywood United Southeast neighborhood in Los Angeles, CA, residents most commonly identify their ethnicity or ancestry as Armenian (21.2%). There are also a number of people of Irish ancestry (17.3%), and residents who report English roots (16.4%), and some of the residents are also of Asian ancestry (9.1%), along with some German ancestry residents (6.0%), among others. In addition, 47.0% of the residents of this neighborhood were born in another country.
How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Hollywood United Southeast neighborhood spend between 30 and 45 minutes commuting one-way to work (41.7% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (45.2%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (18.1%) and 8.5% of residents also take the train 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.
