Mt.
Washington homes in Los Angeles, California have been known to retain their property values nicely over time, and for a very good reason.
Residents of Mount Washington actually care about their neighborhood and their home values by voluntarily getting involved in a local Mount Washington homeowners association.
And it shows.
The reason it's a wise investment to purchase property in the neighborhood is that the residents take good care of them, planning for the future and managing neighborhood issues through the community-building resources of the Mount Washington Homeowners Alliance (MWHA).
The Alliance is a volunteer-led organization of concerned residents with the goal of keeping the neighborhood attractive and appealing to current and future residents.
Of course, this has the residual affect of keeping property values better than they would be otherwise.
The Association maintains a great website resource for residents and prospective residents, complete with an extensive history of the Los Angeles neighborhood.
Included are interviews with elderly residents who remember the early days of Mt.
Washington's history.
Mount Washington is considered by many to be an "exclusive" Northeast Los Angeles neighborhood, but it is still within reach of average working families, with home prices ranging from the mid-$500,000s to under $1 million.
The quiet bedroom community sits minutes from Silverlake, and is an easy commute to entertainment industry jobs in Glendale, Pasadena, and Burbank.
For those interested in buying a home in the neighborhood, keep in mind the laws of supply and demand.
This is a highly sought-after L.
A.
neighborhood to live in, but there are often less than 15 Mt.
Washington homes for sale at any given time.
This makes it imperative for would-be home buyers to diligently follow the market for available properties when they become available.