West Los Angeles Real Estate Growth

If you plotted a quick timeline for the rise of the Los Angeles area as the “it” place in the U.S., it would look like a wave pattern and sound like a rhythm track on a hip hop cut: Boom, boom, bust, boom, boom, bust, boom, bust, boom. Starting with Spanish settlers, then American investors and treasure seekers, followed by real estate speculators and captains of industry, the area went from desert to metropolis is a blink of an eye, historically speaking. Little more than 100 years lie in between the Gold Rush and the post-World War II boom that covered the area with businesses, people and homes. Part of this history is the battle between Downtown LA and the Westside to become the center of the universe. Wealth on the Westside came primarily from West Los Angles real estate companies, builders and mortgage banking. This was strong ammunition against Downtown LA’s efforts to boost land values and the preeminence of the Central Business District. West Los Angeles real estate agents and investors now also contend with the efforts of home owner associations and a strong controlled growth movement in the conduct of business.