Venice Beach East median real estate price is $1,962,657, which is more expensive than 83.2% of the neighborhoods in California and 96.5% of the neighborhoods in the U.S.
The average rental price in Venice Beach East is currently $5,358, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 95.0% of the neighborhoods in California.
Venice Beach East is a densely urban neighborhood (based on population density) located in Los Angeles, California.
Venice Beach East 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 single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Venice Beach East neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
Vacant apartments or homes are a major fact of life in Venice Beach East. The current real estate vacancy rate here is 21.4%. This is higher than the rate of vacancies in 90.1% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (11.0%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.
When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.
In the Venice Beach East neighborhood, many people's commute means walking from the bedroom to the home office. NeighborhoodScout's analysis found that 44.4% of residents worked from home. This may not seem like a large number, but Scout's research shows that this is a higher percentage of people working from home than 99.2% of the neighborhoods in America. Often people who work from home are engaged in the creative or technological economy, such as is found in areas around Boston, and in Silicon Valley. Other times, people may be engaged in other businesses like trading stocks from home, or running a small beauty salon.
The Venice Beach East neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 99.1% of the neighborhoods in America. In fact, 81.2% 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.
Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Venice Beach East neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 10.5% of commuters here travel more than one hour just one-way to work. That is more than two hours per day. This percentage with two-hour + round-trip commutes is higher than NeighborhoodScout found in 96.2% of all neighborhoods in America.
One of the really unique and interesting things about the look and setting of the Venice Beach East neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 76.4% 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 96.1% of all neighborhoods in America.
Do you like to read, write, and learn? Are you curious about the world? If so, this neighborhood may be a good fit for you. NeighborhoodScout's research revealed that a full 74.2% of the adults living in the Venice Beach East neighborhood have earned at least a bachelor's degree. This is a higher rate than NeighborhoodScout found in 95.3% of U.S. neighborhoods. In this way, this neighborhood truly stands out.
In addition, with more than 1.6% of residents living with a same sex partner, Venice Beach East is truly a neighborhood that stands out from the rest in this regard. In fact, exclusive analysis by NeighborhoodScout reveals that this neighborhood has a greater concentration of same sex couples than 95.2% of U.S. neighborhoods.
Did you know that the Venice Beach East neighborhood has more Russian and Arab ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 7.3% of this neighborhood's residents have Russian ancestry and 5.0% have Arab ancestry.
Venice Beach East is also pretty special linguistically. Significantly, 7.9% of its residents five years old and above primarily speak Portuguese at home. While this may seem like a small percentage, it is higher than 99.6% 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 Venice Beach East 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 92.7% of the neighborhoods in America. With 15.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 62.4% of U.S. neighborhoods.
What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the Venice Beach East neighborhood, 81.2% 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 13.6% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (3.8%).
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 Venice Beach East neighborhood is English, spoken by 75.2% of households. Other important languages spoken here include Portuguese, Spanish, Russian and Tagalog (the first language of the Philippine region).
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 Venice Beach East neighborhood in Los Angeles, CA, residents most commonly identify their ethnicity or ancestry as English (9.5%). There are also a number of people of Asian ancestry (7.5%), and residents who report Russian roots (7.3%), and some of the residents are also of Irish ancestry (5.4%), along with some Arab ancestry residents (5.0%), among others. In addition, 18.5% of the residents of this neighborhood were born in another country.
Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Venice Beach East neighborhood spend between 15 and 30 minutes commuting one-way to work (34.1% of working residents), which is shorter than the time spent commuting to work for most Americans. However, there is also a significant group of residents (10.5%) who commute over an hour in each direction.
Here most residents (41.4%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (7.6%) and 6.6% of residents also hop out the door and walk to work 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.