This glamorous municipality in the United States does not need a special introduction. Beverly Hills is well-known and among the most visited cities in Los Angeles County. It is famous for its attractions, well-constructed neighborhoods, and high-end lifestyle. The city is renowned for being home to many Hollywood stars and influential personalities.
The history of this magnificent city dates back to 1914. The city took root when a group of investors dug in the area to find oil. Though they failed to find oil, they found water instead and eventually developed it into a town. Fast forward to the 1950s, Beverly Hills had marketed itself as a high-end shopping paradise and home for the rich and famous. You are probably wondering if it is the same city that has been showcased in numerous TV shows? Yes, you are right; it has been the basis of shows like Beverly Hillbillies and Beverly Hills, 90210.
It’s not surprising that Beverly Hills is one of the most desired cities to live in. I assure you, if you are considering moving to Beverly Hills, you’ll want to read on. This Beverly Hills real estate agent would love to help you find a beautiful home.
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What is Special about Beverly Hills?
With the recent pandemic outbreak, home buying and selling in Beverly Hills has undergone some significant changes. The real estate industry did suffer a massive hit due to the pandemic after all. However, the best Beverly Hills real estate agents never stopped working for buyers and sellers. Now that the lockdown restrictions have been lifted, I am still taking all the necessary precautions while showing properties around the city. If you are thinking of buying a property in the area, let me help you understand the Beverly Hills real estate market to assist you in making a more informed decision.
As the third most expensive city after Atherton and Santa Monica, Beverly Hills’ landscape, exclusivity, and attractions make it more welcoming and fashionable. It offers you all kinds of properties; condos, apartments, mansions, and luxury houses in this city. The majority of people who move here are interested in investing in Beverly Hills luxury real estate.
If you are a high-profile investor searching for a mansion or vacation home – this is the right time for you to invest. Waiting for the property prices to depreciate might result in you losing the opportunity of buying a home in Beverly Hills as the prices of the properties are continuously on the rise.
Trousdale Estates in Beverly Hills
Trousdale is located in the coastal community of Beverly Hills, California. Let’s take you through the history of Trousdale Estates, its real estate insights, people, lifestyles, and attractions so that you have enough information to start investing in Trousdale real estate!
History of Trousdale Estates
Trousdale Estates’ development began in 1954 by the Trousdale family. They promised “Life Above It All” to wealthy people, including numerous celebrities who could afford to build custom homes. The developer, Paul Trousdale, had already built thousands of buildings across the country, but this exclusive subdivision was unique and the only one to bear his name. Initially, the Trousdale Estates was reported to have started from 425 acres, and now it is somewhat like a narrow parcel of land, providing you with various investment opportunities.
Real Estate Insights of Trousdale Estates
Trousdale Estates offers a fantastic location and phenomenal views. Located at one of the highest points in Beverly Hills, it offers sweeping views of the downtown, Los Angeles’ skyline, and the Pacific Ocean. Moreover, the estate offers houses designed by notable architects like Richard Neutra, Wallace Neff, A. Quincy Jones, and many others who have constructed mid-century modern homes. Other architectural styles in Trousdale Estates range from more traditional to ultra-modern. Trousdale Estates gated community is home to many high-profile residents. It has lush landscapes and is secured by a private security firm with armed guards.
You will mostly find oversized lots with an average of one acre of land. Besides this, the community also offers a mixture of one-story houses for small families or youngsters. Hence, the real estate prices vary, depending on the size, location, and view.
Trousdale Estates is in proximity to West Hollywood and Beverly Hills, which gives the residents quick access to everything, from shopping to dining out in top restaurants. Even then, it protects the residents from the noise and hassle that is always happening in nearby West Hollywood. Additionally, it is merely a four-minute car ride to the Platinum Triangle of Beverly Hills for all the top restaurants, shopping, and attractions that Rodeo Drive has to offer.
Therefore, it is an ideal location for you to move to with your family. It fulfills the requirements for a quiet and luxurious neighborhood that offers full access to Beverly Hills city and school services.
Trousdale Estates offers houses on rent as well as for purchase. There are plenty of options available in Trousdale Estates for buyers, with a median price of around $10,650,000. Find out more about the Trousdale real estate so you can make a sound investment and diversify your real estate portfolio.
Lifestyle and People in Trousdale Estates
Trousdale Estates was and is home to some of the world’s wealthiest individuals and celebrities. Trousdale Estates’ celebrities that lived there include Frank Sinatra, Dean Martin, and Elvis Presley. Presently, you can find famous personalities there such as Jennifer Aniston, Richard Perry, David Spade, Vera Wang, Ringo Starr, and Jane Fonda calling Trousdale Estate their home.
Trousdale Estates offers luxurious mansions and luxury homes built on terraced lots, providing each home with an unobstructed jetliner view of Los Angeles Basin and beyond. You will easily find contemporary homes with floor-to-ceiling walls made of glass that offer mesmerizing views and all the amenities you require.
Moreover, the lush landscapes and gated lots provide the privacy that high-profile residents need. The openness of the architecture continues to attract people to this neighborhood. No doubt, Trousdale is the best real estate to invest in. Stay updated with the new listings of Trousdale Estates in the market to find your perfect dream house!
Main Attractions in Trousdale Estates
Living in Trousdale Estates, you cannot miss the majestic Tudor Revival Manor home, Greystone Mansion, and Gardens. These famous buildings are also listed on the National Register of Historic Places. Moreover, it’s the perfect location in Beverly Hills that makes it easier to access Rodeo Drive, the Hollywood sign, Santa Monica Pier, Universal Studio, and much more. There is an amazing amount of Los Angeles history – how Beverly Hills stretched its borders to include Trousdale Estates and how it came to be known as ‘Versailles on a Hill.’
How to Start Your Real Estate Search in Trousdale
Starting your real estate research from afar can be daunting, especially if you are new to investing in real estate. So, let me walk you through the process. I have the experience and knowledge of the Beverly Hills real estate market’s ins and outs and will give you valuable tips to start the process.
Ensure Your Mortgage Is Approved
After the global pandemic, the mortgage market has been flipped upside down. Therefore, start by getting your mortgage approved before you buy or start searching for a property. It will ensure that you are a serious buyer and aren’t just window shopping. Moreover, you will be able to narrow down your search in Trousdale Estates based on your budget.
Make A List Of What You Require From A House
The must-haves list makes it easier for you to explain to the real estate agents what you are looking for and shortlist houses that may interest you. You might be lazy to jot down the list but trust me; it is the best method for a smooth buying process and speeding up your search for a house in Trousdale Estates.
Get Information About The Area You Want To Invest In
Once you have selected the location you want to invest in, find more information about the area. Start from the neighborhood dynamics, research the school districts, commute types, lifestyle, job market, and population.
Document Your House Visits
Once you start touring houses, make sure you document every visit. It will help you to recall the facilities in each house because, after some time, it can be overwhelming. Once you are done with touring all the houses on your list, you can compare and contrast with your list of must-haves.
I suggest that you choose your agent for Trousdale Estates who is aware of:
- The development restrictions governing the neighborhood to protect the views from each terraced lot.
- The largest lots with the best views.
- The comparison of Trousdale Estates with the neighboring La Collina Estates, Doheny Estates, the Bird Streets, and Lower Doheny when it comes to prices, views, and the differences between living in Beverly Hills and the City of Los Angeles.
- The architects who design the mid-century modern houses that are the most desired and fetch the highest prices.
How to Invest in Real Estate amidst the Pandemic
With the ongoing pandemic, you might face roadblocks in the process of finding a house. The process can be slower due to various restrictions, lockdowns, and a ban on open houses. However, make sure that during the process, you do not violate any rules regarding social distancing. I have put together some necessary considerations to help you invest in Trousdale Estates so that you can find a new home during this pandemic.
You might find yourself in the center of a bidding war for your favorite house. You may be aware that there is an imbalance between supply and demand in the real estate business. Therefore, in a specific price range, supply is minimal. According to the realtors, the housing inventory has dropped a great deal as compared to last year. It has resulted in high demand, where some buyers were forced to pay way above the asking price to secure the house they love. Hence, choose the best Beverly Hills real estate agent to navigate the negotiations for you with ease.
With the changes in the market, lenders have also tightened their criteria for loan qualification. The high unemployment rate has made qualifying for a loan more challenging. The good news is that today’s interest rates are super low. Therefore, it doesn’t matter if you do not qualify to buy a new home; you can easily refinance your home at a lower interest rate.
If you wish to go ahead with investing in real estate, these are a few tips to keep your finances in order:
- Reduce credit cards or other high-interest debts.
- Try and maintain a credit score of 740 or higher.
- Keep an emergency fund to cover maintenance on the target property.
Key Takeaway
Trousdale Estates is one of southern California’s most in-demand neighborhoods filled with unique properties and homes. You will love Trousdale Estates because it has exclusive properties built by celebrity designers, the privacy and security are top-notch, and the location is beautifully preserved. Trousdale Estates has something for everyone. It does not matter if you are looking for an enormous mansion, luxury house, or apartment for rent because it offers everyone a place.
If you want to be a part of the fantastic Trousdale community, contact me to learn more about houses for sale in Trousdale Estates and schedule a private showing with me. You can follow me on Facebook, LinkedIn, Twitter, and Instagram to know more about the Beverly Hills real estate market. Subscribe to my YouTube channel for exclusive insights into Beverly Hill real estate.
Erik Brown
DRE: 01958545
(Email address)
Compass
9454 Wilshire Blvd, Beverly Hills, CA 90212
Elon
on said
Informative article Thanks for this very useful information Erik Brown