W 2nd St / S Alexandria Ave median real estate price is $480,910, which is less expensive than 83.4% of California neighborhoods and 39.9% of all U.S. neighborhoods.
The average rental price in W 2nd St / S Alexandria Ave is currently $2,490, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 78.9% of California neighborhoods.
W 2nd St / S Alexandria Ave is a densely urban neighborhood (based on population density) located in Los Angeles, California.
W 2nd St / S Alexandria Ave 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 W 2nd St / S Alexandria Ave 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.
Real estate vacancies in W 2nd St / S Alexandria Ave are 5.3%, which is lower than one will find in 63.1% of American neighborhoods. Demand for real estate in W 2nd St / S Alexandria Ave is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.
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 W 2nd St / S Alexandria Ave neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
More people ride the bus in this neighborhood each day to get to work than 99.5% of U.S. neighborhoods.
Also, if your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 3.2% of residents in the W 2nd St / S Alexandria Ave neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 96.2% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.
What you'll find when you visit or move to this neighborhood is one of the most crowded neighborhoods in all of America. With an incredible 64,831 people per square mile, it is more densely populated than 99.0% of America's neighborhoods. Being a walkable neighborhood can help increase property values for the simple reason that people enjoy it and value it. To put it plainly, despite our love affair with the automobile, American's enjoy taking to the streets, sidewalks, paths, and courtyards of a place to get a coffee, relax, and take in the sights and sounds. And, according to NeighborhoodScout's exclusive and first quantitative walkable score index, the W 2nd St / S Alexandria Ave neighborhood is one of the most walkable neighborhoods in America.
In addition, the W 2nd St / S Alexandria Ave 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 92.8% 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.
Furthermore, renter-occupied real estate is dominant in the W 2nd St / S Alexandria Ave neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 91.8%, which is higher than 97.3% 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.
Also of note, one of the really unique and interesting things about the look and setting of the W 2nd St / S Alexandria Ave neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 79.5% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 96.6% of all neighborhoods in America.
We Americans love our cars. Not only are they a necessity for most Americans due to the shape of our neighborhoods and the distances between where we live, work, shop, and go to school, but we also fancy them. As a result, most households in America have one, two, or three cars. But NeighborhoodScout's exclusive analysis shows that the W 2nd St / S Alexandria Ave neighborhood has a highly unusual pattern of car ownership. 20.1% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 95.2% of U.S. neighborhoods.
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. What is interesting to note, is that the W 2nd St / S Alexandria Ave neighborhood has a greater percentage of residents born in another country (54.6%) than are found in 98.5% of all U.S. neighborhoods.
Did you know that the W 2nd St / S Alexandria Ave neighborhood has more Asian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 27.1% of this neighborhood's residents have Asian ancestry.
W 2nd St / S Alexandria Ave is also pretty special linguistically. Significantly, 12.3% of its residents five years old and above primarily speak Tagalog, which is the first language of the Philippine region, at home. While this may seem like a small percentage, it is higher than 99.7% of the neighborhoods in America.
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 W 2nd St / S Alexandria Ave 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 86.0% of U.S. neighborhoods. With 47.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 93.0% of U.S. neighborhoods.
A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.
In the W 2nd St / S Alexandria Ave neighborhood, 30.9% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 30.6% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (19.4%), and 18.8% 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 W 2nd St / S Alexandria Ave neighborhood is Spanish, spoken by 43.1% of households. Other important languages spoken here include English, Tagalog (the first language of the Philippine region) and Korean.
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 W 2nd St / S Alexandria Ave neighborhood in Los Angeles, CA, residents most commonly identify their ethnicity or ancestry as Asian (27.1%). There are also a number of people of Mexican ancestry (20.1%), and residents who report Sub-Saharan African roots (4.4%), and some of the residents are also of South American ancestry (2.9%), along with some Irish ancestry residents (2.8%), among others. In addition, 54.6% 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 W 2nd St / S Alexandria Ave neighborhood spend between 45 minutes and one hour commuting one-way to work (30.9% of working residents), longer and tougher than most commutes in America.
Here most residents (39.0%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (25.7%) and 17.9% of residents also carpool with coworkers, friends, or neighbors 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.
