Why Hancock Park Is the New Hotspot on The Westside

Hancock Park

Hancock Park is the latest hotspot on the Westside. Here are just a few reasons why, as well as some of my favorite things to do in Hancock Park.

What Millennials Want

When it comes to buying homes, millennials have been slow to get on board the American dream. However, as more and more millennials move into their 30’s, we see a rise in their participation in the real estate market. Last year, they made up a third of real estate purchases.

However, millennials are not looking for the same things their baby boomer parents and grandparents sought. Instead, when millennials choose a neighborhood, they look for things such as:

  • Wide variety of entertainment options
  • Walkability
  • Convenience for living, working, and playing
  • Strong public transportation systems
  • Good schools
  • Older homes with character, especially if they have or can be made to have flexible living space
  • Businesses that cater to the millennial crowd
  • Mixed-use developments

How Hancock Park Meets Millennial Requirements

Hancock Park is right in the middle of the LA action and brings the traditional downtown LA experience right into this smaller neighborhood. Plus, with easy access to nearby Hollywood and DTLA, Hancock Park is a great place to buy a single-family residence while still having the big city experience.

  • Public transportation makes it easy to head into most areas of LA. With bus stops throughout Hancock Park that go directly to the Purple Line, residents can be downtown in about 30 minutes.
  • As part of the Los Angeles Unified School District, Hancock Park has some exceptional schools. One of the best elementary schools is Hancock Park Elementary with a rating of 8/10.
  • Businesses in the area include bookstores, clothes boutiques, eateries, and coffee shops including a farmer’s market, an artisan bakery, and more.

For those wanting true walkability, they can turn to Larchmont Village. This quaint half square mile neighborhood has shopping nestled in with historic homes, plus four schools and a park.

It is no wonder that Hancock Park is a destination for those wanting the hip life of LA while enjoying the comfort of a single-family home.

Some of My Favorites

Of course, Hancock Park has some things you just can’t find anywhere else in LA. Here are a few of my favorites:

  • Larchmont Sanctuary Spa – great Himalayan salt therapies
  • Republique – In a building designed by Charlie Chaplin, Walter Manzke offers amazing aged meats with a French bistro flair
  • Landis Gifts & Stationery – Founded in 1930, this shop offers classic and contemporary stationery and gifts, including personalized stationery
  • Chevalier’s Books – LA’s oldest independent bookstore
  • Jeni’s Ice Cream – Recent addition to the area

If you’d like to learn more about Hancock Park or other areas on the Westside, please give me a call. I’d love to help you find the perfect spot for your next home purchase.

© 2019 The Raskin Group. 2115 Main Street Santa Monica CA 90405 (310) 867-0173

 

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale or withdrawal without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage.

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