Hot Area: Montecito Heights Tough times, but great opportunities for buyers.

By  LEAH LERNER

Updated 8:03 AM PDT, Tue, Dec 16, 2008

Related Topics: Montecito

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Blowout Sale: Views like this could be yours for peanuts in this market. Close to downtown but away from the fray, Montecito Heights has some serious deals right now.

 

Curbed LA reports there is a glut of homes for sale in Montecito Heights. The piece skews pretty negative, clearly these are tough economic times. But there's a silver lining. Potential buyers who've been frozen out of the sky-high market now have a shot in Hades to buy property in LA.

Sure, Montecito can be rough around the edges, but it's got a ton of upside. For one, the "Heights" part -- you can get a Hollywood Hills-style view without the Tinseltown price tag.

Montecito's proximity to the freeway makes it easily accessible to downtown, Silver Lake, and the valley. You could practically throw a hot dog and hit Dodger Stadium.

Plus, it's got one of the best taco stands in the city: King Taco. The carne asada is reason enough to move here.

King Taco
2904 N Broadway
323-222-8500 


Copyright NBC Local Media / NBC Los Angeles

Comments (1)

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  • al sanchez Friday, Dec 19 at 1:18 PM FLAG COMMENT The problem with areas like this, for example, Mt. Washington, is that everything's nice at the top but you still have to come down to the ghetto to go anywhere. And, that will not change because the area is heavily latino. That's why the price is good. Hey, I can get tacos anywhere -- I'm in Los Angeles! AL SANCHEZ

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