Saturday, October 9, 2010

Where to live Burbank Valley Hollywood?

Deciding where to live Burbank vs The Valley vs Hollywood
Well let’s start with how much money you want to spend. Probably in order of price it will go Valley Burbank Hollywood. But then not really. Each of these major areas have neighborhoods and pockets within those neighborhoods so prices can vary from street to street. You have to check out each area to find your preference. But mainly it’s a comfort thing.
The Hollywood Hills separate Burbank and the Valley from Hollywood itself. These Hills create a buffer zone keeping the ocean breezes on the Hollywood side thus keeping Hollywood approx. 10 degrees cooler. Some consider this a major plus as the summers can get pretty hot. And the difference between 100 deg in the valley and 90 deg in Hollywood is quite noticeable. On the other hand those really, really hot days only last for a couple of weeks and the rest of the year it is great no matter where you live.
When high hills separate two populated areas and the only way to get from one side t’other are through narrow passes or the 101 freeway you get – you guessed it – GRIDLOCK! And it can get pretty gnarly in the morning and evening. So to beat the traffic people leave earlier in the morning and get home later at night. Or they choose to live close to where they work and/or hang out.
So let’s look at location and how it effects price. Hollywood has a historic significance and it is reflected in the price. The Hollywood Hills extending into Los Feliz and down to Silver Lake have some architectural designs that rival world class builds. Prices reflect this and will range from 700,000 to over 7 mil. As you move down into the flat part of Hollywood you will see more of the classic California bungalows and price will hover around 500 to 800 thousand range. Again there are neighborhoods and pockets that will jump in price. People love Hollywood because of the history, the trendiness, the hip residents the fashions, the big city vibe, the new groundbreaking restaurants, etc.etc. etc. And if you are employed by the studios like Paramount ABC CBS Sony and a myriad of independents the commute is easy.
Burbank is a small town surrounded by a big city . With a population of just over 100,000 it gives off that Midwestern vibe. It is pretty much self contained. If you didn’t feel a need you could live in Burbank without ever setting foot outside its borders. People including actors and studio execs can choose housing that ranges from 400,000 in the flat part to 6 mil in the hills. There is a celebrity house for sale now in Toluca Lake (a neighborhood in Burbank/North Hollywood) for 7 mil. BTW Toluca Lake has housed many a famous celebrity not least of which was Bob Hope himself. After his death the Burbank airport was renamed - The Bob Hope Airport. Back to the point… people working in the entertainment industry don’t have far to travel if they live in Burbank and the Valley which includes North Hollywood, Studio City, Valley Glen, Valley Village, the more rustic horse country Shadow Hills and Sunland Tujunga, while further east into the Verdugo Pass you get into La Crescenta and pricey La Canada. All are neighborhoods that deserve a closer look because they share an easy commute to work on the north side of the Hollywood Hills – that is if they are employed by the likes of Warner Bros., Disney, NBC, ABC, or Universal Studios not to mention The Cartoon Network, Yahoo, Nickelodeon.
more to come…

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