Playa Vista Real Estate
Playa Vista is considered by many to be the heart of Silicon Beach. If you haven’t heard that term it refers to the Westside region of the Los Angeles County that is home to over 500 tech companies. Some are household names and others are startups.
While the definition is used quite loosely by Realtors these days, if you stick to the coastal strip north of LAX to Santa Monica and not too far inland, that’s what we’re talking about.
Playa Vista is found east of Lincoln Blvd, North of the Westchester Bluffs, (mostly) south of Jefferson Blvd and west of Centinela. It is part of the City of LA. Playa Vista boasts many established companies such as Google, Yahoo! and YouTube. Depending on who you talk to, the region is considered the second or third hottest tech hub in the world.
Check out the homes for sale in Playa Vista then scroll down to learn more about living here.
PLAYA VISTA HOMES FOR SALE
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ABOUT PLAYA VISTA REAL ESTATE
The current development began in 2002 with residential, commercial, and retail components and development is still going on today.
Other than the difference between Phase One and Phase Two, there are not defined micro markets because each building or project is its own micro market.
Phase One homes are subject to Mello Roos taxes while Phase Two are not. All homes pay the community HOA dues (PVPAL) and separate HOA dues based on the building. When sold the .75 of 1% Community is paid.
Playa Vista is one of the most in demand LA neighborhoods right now and for many considered ground zero of Silicon Beach which is itself the epicenter of tech startups in southern California. The Wall Street Journal highlighted Playa Vista as the perfect place for creative entrepreneurs.
None of this should be surprising because Playa Vista has a long history of engineering related innovation. The area was the headquarters of Hughes Aircraft Company from 1941 to 1985, and was the site of the construction of the Hughes H-4 Hercules "Spruce Goose" aircraft (for those who saw the movie The Aviator).
Playa Vista buyers are buying more than a place to call home. They are truly buying a lifestyle. Residents have two fitness centers, The Resort and The CenterPointe Club, for fitness and indoor or outdoor swimming. There are also 29 parks, dog parks, community gardens, a Farmer’s Market (if you can’t find what you want at Whole Foods), a library, school, movie theaters, restaurants and shops all within the community.
Don’t feel like driving? You can hop onto the Daily Shuttle or on the weekend take the Beach Shuttle to Mother’s Beach in Marina Del Rey or the Venice Pier.
And remember what I mentioned about the Spruce Goose? Well now Google has moved into the massive airplane hanger where it was built.
Playa Vista Micro Markets
The Multiple Listing Service (MLS) does not further subdivide Playa Vista into any micro markets but each building or project has its own pricing methodology.
Matisse
Encore
The Lofts
Mondrian
Cleo
Mason
Jewel
The Collection
Seabluff
Capri Court II
Coronado
Concerto Lofts
Here’s a list of most of the buildings:
The Metro
Chatelaine
Villa d’Este
The Dorian
Bridgeway Mills
Crescent Walk
Waterstone
Paraiso
Esplanade
Avalon
Promenade
Capri Court
How Much is Your Playa Vista Home Worth?
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PLAYA VISTA CLOSED ESCROWS LAST FOUR WEEKS
ABOUT SILICON BEACH
If you are interested in buying a home in Silicon Beach, here’s some other neighborhoods to look into:
Westchester is just north of LAX and considered part of the “Silicon Beach” phenomenon meaning the home prices have accelerated rapidly over the last few years due to the proximity of all the tech jobs found around Playa Vista and Venice.
Unlike many of the other neighborhoods in the area with hipster stores, cool restaurants and ocean view properties, Westchester’s appeal is that it has none of that. It is mostly quiet neighborhoods of Single Family Residences (SFRs).
Venice on the other hand is considered hipster central. When most people think of Venice, a few attractions also come to mind: the world famous Boardwalk, the Canals, Muscle Beach, and the Skatepark. And then there’s the coolest street in America, Abbot Kinney named after the original developer of the area. In Venice CA you’ll find all kinds of housing: SFRs, condos, townhomes, duplexes and from all eras of Los Angeles construction.
Marina Del Rey found just north of Playa Vista and south of Venice has been called "perhaps the county's most valuable resource" by the LA Times. Starting with the revitalization of the Waterside shopping center, then the retail on Maxella and the building of the hip arts / loft district around Glencoe, the lifestyle and face of the area has really changed. It has a much different vibe than years ago and there’s more to come.
While Playa Del Rey is not often considered part of Silicon Beach per se because there are not a lot of tech jobs here, it is just down the road from Playa Vista and has a great laid back beach feel.
Whether you are on the bluffs, closer to town, or steps from the ocean, you can find everything from entry level condos to multi million dollar ocean view homes.
Many buyer who can’t find what they are looking for in Silicon Beach will look at homes in the Beach Cities.