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Real Estate Prices & Overview

S Eastern Ave / E 3rd St median real estate price is $776,759, which is more expensive than 41.9% of the neighborhoods in California and 83.3% of the neighborhoods in the U.S.

The average rental price in S Eastern Ave / E 3rd St is currently $2,258, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 81.2% of California neighborhoods.

S Eastern Ave / E 3rd St is an urban neighborhood (based on population density) located in Los Angeles, California.

S Eastern Ave / E 3rd St real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the S Eastern Ave / E 3rd St neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Real estate vacancies in S Eastern Ave / E 3rd St are 4.7%, which is lower than one will find in 68.4% of American neighborhoods. Demand for real estate in S Eastern Ave / E 3rd St is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Los Angeles, the S Eastern Ave / E 3rd St neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

The S Eastern Ave / E 3rd St neighborhood is unique for having just 4.4% of adults here having earned a bachelor's degree. This is a lower rate of college graduates than NeighborhoodScout found in 97.6% of America's neighborhoods.

Modes of Transportation

Our research shows that more people carpool to work here in the S Eastern Ave / E 3rd St (24.9%) than in 97.0% of the neighborhoods in America.

Occupations

NeighborhoodScout's exclusive research identifies the S Eastern Ave / E 3rd St neighborhood as having one of the highest concentrations of people employed in manufacturing or as laborers of any neighborhood in America. In fact, despite the loss of manufacturing jobs nationally, this neighborhood has 42.2% of its working residents employed in such fields, which is a higher proportion than 95.4% of American neighborhoods.

Diversity

Did you know that the S Eastern Ave / E 3rd St neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 80.0% of this neighborhood's residents have Mexican ancestry.

S Eastern Ave / E 3rd St is also pretty special linguistically. Significantly, 86.3% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 99.2% of all U.S. neighborhoods.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the S Eastern Ave / E 3rd St neighborhood in Los Angeles are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 44.4% of the neighborhoods in America. With 33.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 84.3% of U.S. neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the S Eastern Ave / E 3rd St neighborhood, 42.2% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 26.7% of the residents employed. Other residents here are employed in executive, management, and professional occupations (17.4%), and 13.7% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the S Eastern Ave / E 3rd St neighborhood is Spanish, spoken by 86.3% of households. Some people also speak English (13.7%).

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the S Eastern Ave / E 3rd St neighborhood in Los Angeles, CA, residents most commonly identify their ethnicity or ancestry as Mexican (80.0%). There are also a number of people of Spanish ancestry (2.2%), and residents who report Russian roots (1.5%). In addition, 35.8% of the residents of this neighborhood were born in another country.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in S Eastern Ave / E 3rd St neighborhood spend between 15 and 30 minutes commuting one-way to work (34.6% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (69.4%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (24.9%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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