Santa Monica Neighborhoods Among LA County’s Priciest

SANTA MONICA, CA - Two Santa Monica neighborhoods are among Los Angeles County’s most expensive, according to a recent report from PropertyShark.

The neighborhood north of Montana landed in the county's top 10 most expensive places at number seven. The median home sale price in the area in 2022 was $4,378,000.

The other neighborhood in Santa Monica that was included was Sunset Park at number 38. Sunset Park was among eight neighborhoods on PropertyShark's list where median sale prices ticked down, going down just 1 percent for a $22,000 decrease.

All 10 of the county’s most expensive neighborhoods fell in four cities: Beverly Hills, Malibu, Los Angeles and Santa Monica. Beverly Hills claimed the top three areas, with Beverly Hills Gateway ranked number 1, followed by Trousdale and Beverly Hills Flats.

Taking the top spot, Beverly Hills Gateway saw a median sale price of $13.25 million in 2022, a 22 percent increase over the year before. The neighborhood had 47 transactions on single-family homes, condos and co-ops in 2022.

La Costa in Malibu, which took the No. 4 spot, saw a whopping 143 percent increase in sale prices between 2021 and 2022. The median sale price in 2022 for the area was $9 million.

All of Los Angeles County saw declining real estate sales in 2022, according to PropertyShark. Sales declined by as much as 37 percent in some municipalities, with Manhattan Beach seeing the most significant drop. On the other hand, eight locations in the county’s top 10 saw prices increase in 2022, with Glendale seeing a whopping 14 percent increase in prices over the last year.

PropertyShark’s ranking, released Tuesday, considered the median sale prices on single-family homes, condos and co-ops based on property records in 2021 and 2022.

Neighborhood-level median sales prices were only calculated for municipalities with at least 100 sales in 2022, which included: Beverly Hills, Calabasas, Culver City, Glendale, Hawthorne, Inglewood, La Verne, Lakewood, Lancaster, Lawndale, Long Beach, Los Angeles, Malibu, Manhattan Beach, Pasadena, Pomona, Redondo Beach, Santa Clarita, Santa Monica and Torrance. Within those municipalities, only neighborhoods that clocked 15 sales in 2022 were included.

Check out the top 50 most expensive neighborhoods: