Monterey Hills Real Estate

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Monterey Hills Real Estate & Homes for Sale in California

A diverse community within the city of Los Angeles, Monterey Hills is just four miles northeast of Downtown. This location puts the great things to see and do in Los Angeles within easy reach. Monterey Hills residents take pride in their hill top community, working together to preserve its history, character and the natural environment that surrounds it. The environment is unusual for people living in an urban area. It is within the Arroyo Seco, a unique watershed canyon that is a haven for native plants and animals. Trails cross through the many geologic areas that comprise the Arroyo Seco, offering solitude and beauty. Because of the many oak trees that grow in the Arroyo Seco and cover the land in and around Monterey Hills, residents see native animals and birds in their backyards and on the streets. Children living in Monterey Hills attend schools in the award winning Los Angeles Unified School District. There are many colleges and universities within an easy drive of the community, including the top-ranked University of Southern California. Griffith Park provides over 4,000 acres of open space. The Los Angeles Zoo is located at Griffith Park as are the Observatory and Planetarium. Beaches, including eclectic Venice Beach, are a short 30-minute drive away. Close to downtown but removed in the hills, Monterey Hills is a refuge from the hustle and bustle of city living a beautiful natural setting. Real estate options in Monterey Hills consists of single-family detached homes, estate properties, condominiums, townhouses and land lots.

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Price Range of Monterey Hills Houses

The real estate market in Monterey Hills is comprised primarily of single-family detached homes. Single-family detached homes are priced from $200,000 to $800,000 for estate properties. Condominiums and townhouses range from the mid- $100,000s to the mid -$400,000s. Many of the properties in Monterey Hills have views of mountains, hillsides, canyons, and the city lights. Select lots are also available for custom building.

Monterey Hills Real Estate Stats and Trends for the week of April 20th, 2020: homes priced around $1,139,793 compared to $906,821 the previous week, showing a increase of more than +20%.  For Monday, April 20th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.

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