N Serrano Ave / Oakwood Ave median real estate price is $3,034,944, which is more expensive than 97.0% of the neighborhoods in California and 99.5% of the neighborhoods in the U.S.
The average rental price in N Serrano Ave / Oakwood Ave is currently $3,050, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 57.4% of California neighborhoods.
N Serrano Ave / Oakwood Ave is a densely urban neighborhood (based on population density) located in Los Angeles, California.
N Serrano Ave / Oakwood Ave real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the N Serrano Ave / Oakwood Ave neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Real estate vacancies in N Serrano Ave / Oakwood Ave are 4.0%, which is lower than one will find in 72.1% of American neighborhoods. Demand for real estate in N Serrano Ave / Oakwood Ave 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.
The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.
Our research revealed that more commuters here take the bus to work (20.0% ride the bus) than 98.8% of all American neighborhoods. If you like the idea of leaving your car and home and hopping the bus to work, this might be a good neighborhood for you to consider.
One of the really interesting characteristics about the N Serrano Ave / Oakwood Ave neighborhood is that, according to NeighborhoodScout's exclusive research, it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you'll notice that the excitement here fluctuates with the college seasons. Despite the excitement however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 1.4% of college-friendly places to live in the state of California.
The N Serrano Ave / Oakwood Ave neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 91.2% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.
In addition, if you like crowded places, then you will probably enjoy the the N Serrano Ave / Oakwood Ave neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 96.4% of neighborhoods in the U.S., with 26,664 people per square mile living here.
Furthermore, renter-occupied real estate is dominant in the N Serrano Ave / Oakwood Ave neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 86.9%, which is higher than 95.9% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.
Also of note, one of the really unique and interesting things about the look and setting of the N Serrano Ave / Oakwood Ave neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 70.2% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 95.1% of all neighborhoods in America.
There are more people living in the N Serrano Ave / Oakwood Ave neighborhood employed as sales and service workers (62.3%) than almost any neighborhood in the country. From fast-food service workers to major sales accounts, sales and service workers make up the largest proportion of our national employment picture. But despite that size and importance nationally, this neighborhood still stands out as unique due to the dominance of people living here who work in such occupations.
Some neighborhoods have more internal cohesiveness than others. While other neighborhoods feel like a collection of strangers who just happen to live near each other. Sometimes this comes down to not only the personalities of the people in a place, but how long people have been together in that neighborhood. NeighborhoodScout's research has revealed some interesting things about the rootedness of people in the N Serrano Ave / Oakwood Ave neighborhood. What is interesting to note, is that the N Serrano Ave / Oakwood Ave neighborhood has a greater percentage of residents born in another country (60.6%) than are found in 99.2% of all U.S. neighborhoods.
Did you know that the N Serrano Ave / Oakwood Ave neighborhood has more Asian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 33.6% of this neighborhood's residents have Asian ancestry.
N Serrano Ave / Oakwood Ave is also pretty special linguistically. Significantly, 18.2% of its residents five years old and above primarily speak Tagalog, which is the first language of the Philippine region, at home. While this may seem like a small percentage, it is higher than 99.9% of the neighborhoods in America.
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 N Serrano Ave / Oakwood Ave neighborhood in Los Angeles are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 63.8% of U.S. neighborhoods. With 26.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 77.8% of U.S. neighborhoods.
The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.
In the N Serrano Ave / Oakwood Ave neighborhood, 37.7% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 28.9% of the residents employed. Other residents here are employed in executive, management, and professional occupations (20.5%), and 12.9% in clerical, assistant, and tech support occupations.
Languages
The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the N Serrano Ave / Oakwood Ave neighborhood is Spanish, spoken by 59.4% of households. Other important languages spoken here include Tagalog (the first language of the Philippine region), Korean and English.
Ethnicity / Ancestry
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.
In the N Serrano Ave / Oakwood Ave neighborhood in Los Angeles, CA, residents most commonly identify their ethnicity or ancestry as Asian (33.6%). There are also a number of people of Mexican ancestry (17.8%), and residents who report German roots (1.4%). In addition, 60.6% of the residents of this neighborhood were born in another country.
How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in N Serrano Ave / Oakwood Ave neighborhood spend between 30 and 45 minutes commuting one-way to work (45.9% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (47.9%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (20.0%) and 17.9% of residents also carpool with coworkers, friends, or neighbors for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
