Mulholland Park / Braemar Estates median real estate price is $2,235,937, which is more expensive than 93.1% of the neighborhoods in California and 98.7% of the neighborhoods in the U.S.
The average rental price in Mulholland Park / Braemar Estates is currently $5,934, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 98.1% of the neighborhoods in California.
Mulholland Park / Braemar Estates is a suburban neighborhood (based on population density) located in Los Angeles, California.
Mulholland Park / Braemar Estates real estate is primarily made up of large (four, five or more bedroom) to medium sized (three or four bedroom) single-family homes. Most of the residential real estate is owner occupied. Many of the residences in the Mulholland Park / Braemar Estates neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
In Mulholland Park / Braemar Estates, the current vacancy rate is 0.7%, which is a lower rate of vacancies than 92.3% of all neighborhoods in the U.S. This means that the housing supply in Mulholland Park / Braemar Estates is very tight compared to the demand for property here.
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 Mulholland Park / Braemar Estates neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
If you come to know the people here, you will recognize that you're in the company of one of the wealthiest communities in the nation. In fact, a mere 1.0% of America's neighborhoods are wealthier than the Mulholland Park / Braemar Estates neighborhood. Real estate here is exceedingly well-maintained, and similarly, tends to maintain its value over time. The cars driven are mostly luxury brands like Mercedes, Audi, BMW, and Lexus. If the public schools aren't up to snuff, the residents of this neighborhood preferentially send their children to private preparatory schools. Vacation to Disney? Yes, but equally popular are summers in Europe. As one would expect in a considerably wealthy neighborhood such as this, Mulholland Park / Braemar Estates also has one of the lowest ratings of child poverty in the nation.
In addition, according to NeighborhoodScout's exclusive analysis, Mulholland Park / Braemar Estates is among the best neighborhoods for families in California. In fact, this neighborhood is more family-friendly than 99.6% of neighborhoods in the entire state of California. Its combination of top public schools, low crime rates, and owner-occupied single family homes gives this area the look and feel of a "Leave It to Beaver" episode. Many other families also live here, making it easy to socialize and develop a strong sense of community. In addition, the high number of college-educated parents influences the academic success of the local schools. Overall, you will find all of the amenities a family needs to thrive in the Mulholland Park / Braemar Estates neighborhood. In addition to being an excellent choice for families with school-aged children, this neighborhood is also a very good choice for highly educated executives, active retirees and urban sophisticates.
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 Mulholland Park / Braemar Estates neighborhood, where 42.8% have earned an advanced degree. Compare that to the average neighborhood in America, where just 13.4% 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 97.9% of the neighborhoods in America.
Finally, priests and therapists would like to think they know the secrets to a truly successful marriage, but according to NeighborhoodScout's research, the folks of the Mulholland Park / Braemar Estates neighborhood may actually hold the key. 69.0% of its residents are married, which is a higher percentage than is found in 95.4% of the neighborhoods in America.
One way that the Mulholland Park / Braemar Estates neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 99.2% 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.
In addition, the Mulholland Park / Braemar Estates 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 98.7% of all neighborhoods in America.
The Mulholland Park / Braemar Estates neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 98.7% of the neighborhoods in America. In fact, 78.3% of the employed people here make a living as an executive, a manager, or other professional. With such a high concentration, this truly shapes the character of this neighborhood, and to a large degree defines what this neighborhood is about.
Did you know that the Mulholland Park / Braemar Estates neighborhood has more Iranian and Armenian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 6.2% of this neighborhood's residents have Iranian ancestry and 6.9% have Armenian ancestry.
Mulholland Park / Braemar Estates is also pretty special linguistically. Significantly, 14.6% 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 100.0% of the neighborhoods in America.
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 Mulholland Park / Braemar Estates 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 99.0% of the neighborhoods in America. 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 Mulholland Park / Braemar Estates neighborhood, 78.3% 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 13.9% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (4.1%), and 3.6% 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 Mulholland Park / Braemar Estates neighborhood is English, spoken by 67.5% of households. Other important languages spoken here include Persian, Korean, Chinese and Spanish.
Ethnicity / Ancestry
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.
In the Mulholland Park / Braemar Estates neighborhood in Los Angeles, CA, residents most commonly identify their ethnicity or ancestry as Asian (11.9%). There are also a number of people of Polish ancestry (7.5%), and residents who report Russian roots (7.3%), and some of the residents are also of Armenian ancestry (6.9%), along with some Irania ancestry residents (6.2%), among others. In addition, 28.3% 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 Mulholland Park / Braemar Estates neighborhood spend between 15 and 30 minutes commuting one-way to work (37.2% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (73.5%) 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.
