Manhattan Beach: Top 50 Most Expensive Neighborhoods In L.A.

MANHATTAN BEACH, CA – According to data collected from Property Shark, Hill Section in Manhattan Beach makes the top 12 for most expensive neighborhoods in Los Angeles. Based on 21 transactions, the median home price for a house in this area was $3.315 million.

Property Shark gathered the data by looking at all residential transactions closed between January 1 and June 3o of this year for single- and two-family homes, excluding package deals. However, it should be noted that Property Shark data on small neighborhoods is now included in statistics for larger areas. For example, Malibu Road and Malibu Beach Colony are taken as a single neighborhood.

Out of the top 10 most expensive neighborhoods, Malibu Colony Beach came in at number one, with an average home price of $15.725 Million. Beverly Hills neighborhoods take three of the top five spots, and six of the neighborhoods are on or near the beach. Malibu and Beverly Hills combined accounted for 10 of the 20 most expensive neighborhoods on the list.

Four other Manhattan Beach neighborhoods made the Top 50 list:

• #19: Sand Section
  • $2.935 Million average based on 75 transactions
• #29: Tree Section
  • $2.4 Million average based on 85 transactions
• #34: Mira Costa
  • $2.154 Million average based on 44 transactions
• #41: El Porto
  • $1.825 Million average based on seven transactions

The top ten most expensive neighborhoods in LA are as follows:

1. Malibu Colony Beach, Malibu
   1. $15.725 Million average based on seven transactions
2. Trousdale Estates, Beverly Hills
   1. $8.499 Million average based on 12 transactions
3. Cove Colony, Malibu
   1. $8.012 Million average based on eight transactions
4. North of Sunset Boulevard, Beverly Hills
   1. $7.7 Million average based on 23 transactions
5. The Flats, Beverly Hills
   1. $7.467 Million average based on 30 transactions
6. Broad Beach, Malibu
   1. $6.965 Million average based on five transactions
7. North of Montana, Santa Monica
   1. $4.5 Million average based on 43 transactions
8. Bradbury, Bradbury
   1. $4.3 Million average based on seven transactions
9. Point Dume, Malibu
   1. $3.922 Million average based on 26 transactions
10. Malibu Park, Malibu
    1. $3.55 Million average based on nine transactions

To see the complete list of 50 most expensive neighborhoods in Los Angeles County, visit Property Shark.