Cheviot Hills, CA 90064

Cheviot Hills is a small residential district on the West Side of Los Angeles, California.

Both Cheviot Hills and Rancho Park feature excellent park systems with plenty of recreational opportunities for swimming, golf and tennis. The schools in the area are some of the best in the country with excellent test scores. Overland School is supported by the local Cheviot Hills and Rancho Park communities and booster clubs, allowing for well-run and sophisticated after-school programs and activities.

Nearby UCLA offers many cultural and sporting events for the community as well as opportunities for continuing education. World class performing arts is exhibited at Royce Hall as well as several other popular area theaters and performing arts venues. And the UCLA Medical Center offers some of the finest healthcare facilities in the nation.

The communities are centrally located for members of the film business, the high-tech computer industry and the professional law and medical offices of Century City. This makes the area a great hub of diverse groups of working professionals. The area’s fostering of the arts, culture and entertainment that result from its wide-ranging diversity both in culture and interests, provides excellent leisure and cultural opportunities for residents.

Geography

Cheviot Hills is bordered on the west by Rancho Park, on the south by Palms, on the north by Century City, and on the east by Beverlywood. The district’s boundaries are, roughly, Manning Avenue on the west, the Santa Monica Freeway on the south, Pico Boulevard on the north, and Castle Heights Avenue on the east. Principal thoroughfares include Pico and National Boulevards and Manning and Motor Avenues.

The Neighborhood

Originally a part of the Spanish Rancho Rincon de los Bueyes land grant, Cheviot Hills remained a pastoral area well into the 20th century. In the early 1920s, the area was subdivided, but significant residential development did not occur until the late 1930s. The hills that provide the district with its name offer excellent views of much of the Los Angeles Basin, resulting in most of Cheviot Hills’ population being fairly affluent. Housing in the district consists of upscale single-family homes in the northern portions, with smaller houses and apartment buildings closer to the Santa Monica Freeway.

As a secluded neighborhood centered around golf courses (the Hillcrest Country Club and the Rancho Park course at the northern end), Cheviot Hills has long been popular among empty-nesters and the elderly. From the 1970s until the late 1990s, crime and poverty in Palms–whose schools also cover most of Cheviot Hills–further reduced the district’s desirability to families with young children. However, the Southern California real estate boom that began in the late 1990s made Cheviot Hills a hot destination for upwardly mobile families priced out of West Side neighborhoods like Brentwood and Westwood. Today, Cheviot Hills is considered one of the most desirable neighborhoods in Los Angeles.

Education

Hamilton High School – Cheviot Hills is zoned to Los Angeles USD schools.

Some residents are zoned to Castle Heights Elementary School while some residents are zoned to Overland Avenue Elementary School.

All residents are zoned to:

• Palms Middle School
• Hamilton High School

🏡 July 2024 Luxury Real Estate Market Update & Trends for Cheviot Hills - Rancho Park 🌟

🔻 Avg Sales Price: $2.98 million, 📉 down 21%

🔻 Avg List Price $4.03, 📉 down 2%

🔻 Properties Sold: 2, 📉 down 54%

🔻 Days on Market: 19 📆, 📉 down 34%

🔻 $/Sq FT: $1,042, 📉 down 14%

Unlock the hidden wealth in your Cheviot Hills property! 🗝️💼 Curious about your home equity 💰? Thinking of buying in Cheviot Hills? 🏠🌴 Let's chat! Send a DM or call us at 📱 310-777-6342 for expert insights!

In July 2024, the luxury real estate market in Cheviot Hills - Rancho Park experienced significant shifts that are worth noting for both buyers and sellers. The average sales price saw a substantial decrease, dropping 21% to $2.98 million. This decline reflects a market adjustment that may present opportunities for savvy buyers. The average list price also saw a slight dip, down 2% to $4.03 million, indicating a potential shift in seller expectations or market conditions.

The number of properties sold in the area decreased dramatically by 54%, with only 2 properties changing hands in July. This reduction in sales could suggest a more competitive market or a tightening inventory. Additionally, properties are moving faster, with the days on market down by 34% to just 19 days. This quicker turnaround might indicate that well-priced properties are still in demand, despite the overall market fluctuations.

The price per square foot also saw a decline, down 14% to $1,042. This drop could make Cheviot Hills a more attractive option for buyers looking for value in a luxury market.

If you're curious about how these changes might affect your home equity or if you're thinking of buying in the desirable Cheviot Hills area, let's chat. Reach out at 📱 310-777-6342 for expert insights and personalized advice. Whether you're considering selling your home or exploring new opportunities in this market, we're here to help you navigate the trends and make informed decisions.