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Topanga

California - Los Angeles

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Topanga - Los Angeles

Topanga is a canyon in the western region of Los Angeles. Located in the Santa Monica Mountains, it takes its name from the Native American communities ""The Tongya"" that occupied the area in time.
This isolated area is accessible only by car. From here it is possible to hike on a beautiful path bordering the sea. This area has always been a holiday resort for artists and musicians from all around the world, who have taken place in magnificent residential properties on the heights of Topanga.

Market overview

The American real estate market has suffered from an important crisis, due to seizure of properties. This phenomenon had a huge consequence on prices, which plummeted. Therefore, investing in a property in L.A. is currently a safe investment and is interesting as the market benefits from favorable conditions.

Besides, the American population is mobile and often changes its accommodations. The law is particularly secured for financial backers and the American system is based on MLS (Multiple Listing System) which gathers all properties on sale, which is a guaranty of  ease to find one.

Thanks to a nice economic expansion, Los Angeles enjoys a large and diversified property portfolio with competitive prices for a city such vibrant, enormous and sunny. All in all, this area is a real heaven for owners and real estate investors.

Who buys?

Thanks to its multicultural aspects, Los Angeles is a global city which constantly attracts show business celebrities, fashion leaders, wealthy tourists as well as powerful financial people who are looking for an upscale quality of life, in a magnificent green oasis where are gathered culture, entertainment, glamor and leading-edge technology.

Buying basics

"Before any investment, the potential buyer will have to contact a professional of the real estate sector. The latter will need his client's passport and other administrative and bank documents to testify his identity and his solvency. The buying process is really fast (around one month). You do not need to have the American citizenship nor the famous Green card but you are required to provide a social security number (SSN), which is obligatory to fill in the tax return (that is only $100 for a property).

Besides, it is highly recommended to purchase an insurance regarding the ownership title in order to be secured in case of potential recording error. "

Peak Season
Jun 01 - Aug 31

From June to August, summers are particularly sunny and hot because of Santa Ana, a warm and dry wind that creates heatwaves. Therefore, temperatures can sometimes reach 35 degrees.

High Season
Apr 01 - Dec 01

The period from April to November is generally one of the best periods of the year to visit Los Angeles as temperatures are pleasant. Spring is also the period with shorter visitor queues and lower prices. However, between April and May, there is a "June Gloom" phenomenon (also called "May Grey") which corresponds  to a thick fog that appears at dawn and persists until midday.

Low Season
Dec 01 - Mar 31

Thanks to a Mediterranean climate, Los Angeles has a sweet climate throughout the year. Winters are mild and slightly rainy. Temperature scarcely drop below 10 degrees during the period from December to March.

Westfield Topanga & the village

Formerly named "Topanga Plaza", is a gigantic shopping center that stretches over 2Million square feet. It is located along Topanga Canyon Boulevard. There are hundreds of boutiques including some of the biggest names in luxury, such as Barburry, Gucci and Cartier. Topanga and the village is an unmissable place to come to appreciate with family or friends.

Topanga State Park

The State Park of California is present to raise Californian people to awareness of nature conservation, natural and biological diversity of their area. Topanga state park is therefore one of these. It includes more than 76miles of trail and is considered one of the largest parks in the state to scale of city. His name comes from a local Indian dialect that is no longer spoken today. It is only since the beginning of the 20th century that the park is appreciated by the Californians. Today it has become a place very appreciated by all, and especially for lovers of hiking, motorcycling and horsemanship.

The PRESTIGE MLS agents

Syd Leibovitch
Director
Rodeo Realty
Mark A. McLaughlin
Director
Pacific Union International
Los Angeles
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