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  • The Valley, the South Bay and beyond: These are L.A.’s newest million-dollar neighborhoods

    In 2021, during the peak of the pandemic housing market that saw L.A. home prices skyrocket, The Times compiled a list of the newest neighborhoods to join the proverbial “million-dollar club,” where the typical single-family home value is above $1 million.

    Five years later, plenty more have made the cut.

    Whereas the previous group featured trendy L.A. neighborhoods (Echo Park, Highland Park), South L.A. enclaves (Crenshaw, Leimert Park) and slices of the San Fernando Valley (Porter Ranch, Woodland Hills), the latest batch is a bit more outlying.

    Now, million-dollar homes are flung farther north into the Valley, farther south into the South Bay, and farther east into the foothills of the Verdugo and San Gabriel mountains.

    Home values across the region haven’t spiked in the same way they did during the pandemic. Instead, they steadily rose month after month, turning once-semi-affordable communities into seven-figure spots, according to Zillow’s Home Value Index.

    The data suggest single-family homes across the outskirts of L.A. County are more valuable than you might think.

    Here are 12 of the newest million-dollar neighborhoods around L.A., in alphabetical order.

    Adams Hill (Glendale)

    2021 value: $983,515
    2025 value: $1.12 million

    Once tied to the now-defunct city of Tropico, Adams Hill was annexed to Glendale in 1918. The hilly neighborhood is tucked on the southeast tip of the city near Glassell Park and Atwater Village and features a vibrant mix of 1920s bungalows and Spanish Colonial-style retreats. Smaller homes can be found in the $800,000 range, but anything with a view fetches well over $1 million. There are also plenty of buildable lots, if you’re feeling ambitious.

    Chatsworth

    2021 value: $925,501
    2025 value: $1.02 million

    Once a hot spot for western film sets, Chatsworth now serves as a suburban retreat for those seeking space, with relatively low population density compared with other San Fernando Valley neighborhoods. There’s a variety of price points here: new construction on the west side sells for millions, but manufactured homes on leased lots are listed for less than $200,000. The plethora of tract houses built from the ‘50s to the ‘70s go for around $1 million.

    El Dorado South / El Dorado Park / Los Altos

    2021 value: $906,912
    2025 value: $1.04 million

    The million-dollar typical home has made its way to the working and middle class flats of east Long Beach, where a trio of neighborhoods eclipsed the mark in 2023 and 2024. The three enclaves circle El Dorado Regional Park, the city’s largest park, and feature classic California ranches that typically sell for $800,000 to $1.2 million.

    Granada Hills

    2021 value: $894,428
    2025 value: $1.02 million

    Another suburban staple of the San Fernando Valley, Granada Hills became a million-dollar neighborhood in 2024. The deals are found on the south side, where four-and five-bedroom homes still list in the $900,000 range. The luxury properties are tucked on the north end, including the historic Balboa Highlands tract — a pristine collection of 108 Midcentury gems designed by Joseph Eichler. Those typically sell for $1.7 million or more.

    Historic Quarter (Agoura Hills)

    2021 value: $974,384
    2025 value: $1.1 million

    Million-dollar homes are nothing new for Agoura Hills, the slow-growth bedroom community between L.A. and Thousand Oaks, but the city’s Historic Quarter section hit the mark in 2022. It’s been tough to find a home for less than $1 million ever since. The neighborhood, a small sliver at the city’s southeast corner, features sizable 1980s houses that fetch anywhere from $1 million to $2 million.

    Mid-Central (Pasadena)

    2021 value: $993,704
    2025 value: $1.11 million

    Seven-figure typical home values are slowly creeping east in Pasadena, and the Mid-Central neighborhood hit the million mark in 2022. Homes here don’t quite command the prices of neighborhoods to the west, such as Oak Knoll or Madison Heights, but smaller bungalows typically start at $700,000, while bidding wars for century-old Craftsmans or well-preserved Tudors drive prices to $1.5 million or more.

    Montrose-Verdugo City

    2021 value: $990,002
    2025 value: $1.09 million

    Technically in Glendale, Montrose-Verdugo City sits just south of La-Crescenta Montrose, the scenic community set beneath the Angeles National Forest. There’s a small-town feel here, with a walkable district and charming homes looking up at the mountains. Fixer-uppers sell in the $900,000 range, but most homes these days go for $1.1 million or more.

    Northeast Torrance / Old Torrance

    2021 value: $906,287
    2025 value: $1.01 million

    A pair of east Torrance neighborhoods joined their western counterparts in the million-dollar club in recent years: Old Torrance in 2022 and Northeast Torrance in 2024. There’s plenty of variety here: Small project properties still sell in the $600,000 range, while larger remodels or well-kept Craftsmans can go for as much as $1.7 million.

    Northridge

    2021 value: $970,785
    2025 value: $1.1 million

    This San Fernando Valley neighborhood houses Cal State Northridge, so rentals make up the majority of the market here, but there’s always a healthy mix of homes up for sale, too. The larger 4,000-square-foot houses on the north end of Northridge typically command at least $1.4 million, while the smaller two- and three-bedroom homes scattered throughout the rest of the area fall in the $800,000 to $900,000 range.

    Riverside Rancho (Glendale)

    2021 value: $951,705
    2025 value: $1.08 million

    A hidden equestrian haven next to Griffith Park, Riverside Rancho has homes surrounded by riding trails and other horse amenities. Small ranches can occasionally be found for less than $1 million, but the handful of equestrian properties complete with stables and barns go for $2 million or more.

    Valley Glen

    2021 value: $952,921
    2025 value: $1.03 million

    The Valley Glen neighborhood broke off from Van Nuys and North Hollywood in 1998, and since then, its home values have outpaced both. While values linger in the $800,000 range in Van Nuys to the west and North Hollywood to the east, Valley Glen became a million-dollar neighborhood in 2023. These days, the majority of its single-family homes sell for over $1 million, but smaller ranches can be found for cheaper.

    West Hills

    2021 value: $951,441
    2025 value: $1.04 million

    Another million-dollar suburb of the San Fernando Valley, West Hills is pricier than eastern neighbors like Canoga Park and Winnetka, but much cheaper than the affluent communities to the south such as Hidden Hills and Calabasas. You won’t find many condos or apartment buildings here; the single-family homes range from $700,000 up to $1.5 million or so, while the Simi Hills and El Escorpion Peak offer a natural escape from the suburban sprawl.

    Jack Flemming

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  • UCF roars past VMI to extend winning streak

    (Photo credit: Mike Watters-Imagn Images)

    Jamichael Stillwell produced 21 points, 14 rebounds and five assists as UCF cruised to their sixth straight win Saturday afternoon, hammering the VMI 82-57 in Orlando, Fla.

    A senior transfer from Milwaukee, Stillwell helped the Knights (7-1) shake off a slow start by going 8 of 12 from the field and 5 of 6 from the free-throw line in his third double-double in the past four games.

    Jordan Burks collected 14 points and five rebounds, while Themus Fulks had 11 points, five assists and five rebounds as UCF shot 40.0% and went just 4 of 30 (13.3%) from deep.

    The Knights outscored VMI 54-16 on points in the paint and led by as many as 29.

    Wrapping up a four-game road trip through Florida, the Keydets (3-7) dropped their sixth straight contest and shot 27.9% from the floor.

    Mario Tatum Jr. led VMI with 19 points, all in the first half.

    The visitors started quickly and led 11-5 in just under five minutes behind a 3-pointer by Mason Hagedorn. VMI was 4 of 8 from long range inside the first nine minutes, stretching the advantage to 19-13 on Tatum’s 3-pointer.

    UCF found its stride in the final seven minutes of the half, taking the lead 23-22 on Stillwell’s layup at 7:10 and getting a dunk from Devan Cambridge and a Burks layup to make it 27-22 with 5:57 left.

    UCF raced out on a 28-10 run to finish the half and led 45-32 at the break.

    Stillwell the way for UCF in the first half with 12 points, eight rebounds and two steals as the Knights went made 44.4% from the floor and led 30-13 in rebounding.

    Tatum, a Keydets freshman guard scoring 10.8 points per game, paced the way in the half by netting 19 points on 6-of-9 shooting, including 3 of 4 from 3-point range.

    In the second half, UCF increased to lead to 61-41 with 9:52 remaining on John Bol’s putback and breezed to the 25-point victory.

    –Field Level Media

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  • Pitt, UCF put contrasting styles to test in Legends Classic

    (Photo credit: Mike Watters-Imagn Images)

    Pitt and UCF — a pair of promising four-win teams — square off in the annual Legends Classic on Thursday in Daytona Beach, Fla.

    The event enters its 19th season with the Panthers (4-1) and Knights (4-1) in the showcase game. Pitt claimed Legends Classic titles in 2013 and 2008.

    The last time the teams met was in the first round of the 2004 NCAA Tournament, when Pitt prevailed 53-44.

    It figures to be a competitive matchup, as Pitt and UCF feature a clash of styles: Pitt’s stingy defense limited Bucknell to 13 total field goals on Monday, while UCF averaged 89 points across its opening five contests thanks to 47.7% shooting (51 of 107) from 3-point range.

    UCF defeated visiting Oakland 87-83 on Monday as transfer guard Riley Kugel had 18 points to surpass 1,000 for his career. The former Florida Gator and Mississippi State Bulldog has helped fuel UCF’s long-range shooting with 16 made 3-pointers in 28 attempts.

    ‘We’re not worried about any game in the past,’ Knights coach Johnny Dawkins said following the latest victory. ‘These games are over and we’ll take the lessons we’ve learned from the games that we’ve competed (in) and try to get better the next time we go out on the court. We know we’re going to face another tough test.

    ‘Our mindset needs to be one in which we’re focused solely on Pitt and not anything else that’s around us. Just focus on what’s in front of us and prepare for them.’

    One Pitt player the Knights will have to prepare for is Cameron Corhen. The 6-foot-10 senior is not only shooting 62.5% from the floor and scoring 14 points per game, but he also is averaging 9.8 rebounds, punctuated by a career-high 13 against Longwood on Nov. 7.

    The Panthers blitzed Bucknell 84-50 as South Alabama transfer Barry Dunning Jr. scored 23 points in 278 minutes off the bench. He shot 7 of 11 from 3-point range.

    UCF coach Jeff Capel was pleased to see his team’s response after a lopsided setback at rival West Virginia four days earlier.

    ‘I think it’s just important to have this performance coming off of a loss,’ Capel said postgame Monday. ‘As a coach, you don’t know how you’re going to respond when you come off of a loss, especially when you come off of a (71-49) loss like that. It’s a rivalry, we did not play well (and) we didn’t play anywhere like we’re capable of playing.’

    –Field Level Media

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  • GOOD NEWS, EVERYONE

    GOOD NEWS, EVERYONE

    I’ve been looking for the right apartment close enough to work, in the right price range, and availability for a few months now and just about twenty minutes ago or so the manager of the property sent me a text and said that I had it!! GUYS I’M SO FRIGGIN PSYCHED

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  • samsung oven fire

    samsung oven fire

    samsung oven fire. Didn't know where else to post about this but Our samsung electric range caught on fire near the knob control panel on the back last night. A

    Didn’t know where else to post about this but
    Our samsung electric range caught on fire near the knob control panel on the back last night.
    Almost burned our entire house down.
    I had to spray water on it and shut off the breaker so i could pull it out and unplug it.
    House was FILLED with toxic smoke.
    I have looked it up and apparently a lot of other people with the same model number have had the EXACT same issue with that control panel catching fire.
    I have never thought about being in a class action lawsuit but I’m pretty sure if this is a for real defect on this range then it could potentially take houses and lives.
    IDK honestly it’s been a rough 12 hours since then. My eyes and throat burn and we’ve been on the phone with insurance/samsung for hours.
    If any one here has experience with class action lawsuits or just lawsuits in general feel free to drop a comment or PM me some info because we almost died and lost our home and I want SAMSUNG to ******* pay.
    (S/N NE59J7630 in case anyone has this oven do not leave it alone)
    I would love to take those ******* to court. (I am located in Oklahoma in case state matters for lawyer stuff)

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  • Mortgage rates are falling. How far will they go?

    Mortgage rates are falling. How far will they go?

    For many prospective homebuyers, the last two years have been brutal as high home prices and mortgage rates produced the most unaffordable housing market since the 2000s bubble.

    Many experts don’t expect drastic improvement soon, but a shift could finally be underway.

    The cost of a 30-year fixed mortgage has fallen from above 7% in May to the low-6% range as of last week. On Wednesday, the Federal Reserve is expected to cut its benchmark interest rate for the first time since it began raising it in 2022 in a bid to fight inflation.

    “I think for the next two years, we are in a world where the pressure is on rates to come down,” said Daryl Fairweather, chief economist with real estate brokerage Redfin.

    How much mortgage rates will decline is unclear.

    The cost for a mortgage is heavily influenced by inflation because institutional investors that buy 30-year mortgages that are packed into bundles don’t want to see the value of their investment eaten away.

    Experts attribute the recent decline in mortgage rates to easing inflation, as well as expectations that because consumer prices are rising less, that will enable the Fed to cut its benchmark interest rate.

    The central bank’s federal funds rate does not directly affect mortgage rates, but it can do so indirectly since it sets a floor on all borrowing costs and provides a signal of how entrenched the Fed thinks inflation is.

    Keith Gumbinger, vice president of research firm HSH.com, said a Fed cut Wednesday may not move mortgage rates much because, to some extent, mortgage investors have already priced in the expectation that rates would decline.

    More cuts, however, are expected in the future.

    Gumbinger said if the Fed achieves a so-called soft landing — taming inflation without causing a recession — he would expect mortgage rates to be in the mid-5% range by this time next year.

    If the economy turns sour, mortgage rates could fall further, though even in that scenario Gumbinger doubted they’d reach the 3% and below range of the pandemic.

    Orphe Divounguy, a senior economist with Zillow, predicted that rates would not even fall to 5.5% but would stay around where they are, arguing that the economy is relatively strong and inflation is unlikely to ease much.

    “I don’t think we are going to see a huge drop, but what we have seen has been great for homebuyers so far,” he said.

    Indeed, even modest drops in borrowing costs can have a big effect on affordability.

    If a buyer puts 20% down on an $800,000 house, the monthly principal and interest payments would equal $4,258 with a 7% mortgage; $3,837 with a 6% mortgage; and $3,436 with a 5% mortgage.

    Whether dropping rates bring lasting relief is another question. Falling borrowing costs could attract a flood of additional buyers and send home prices higher — especially if increased demand isn’t met by an increase in supply.

    For now, the number of homes for sale is increasing modestly, rates are falling and home price growth is slowing.

    In August, home prices across Southern California dipped slightly from the prior month. Values were still up nearly 6% from a year earlier, but that was smaller than the 12-month increase of 9.5% in April, according to data from Zillow.

    In theory, this combination of factors could provide prospective buyers an opportunity to get into the market. Many don’t appear to be doing so.

    According to Redfin, 7.8% fewer homes across the U.S. went into escrow during the four weeks that ended Sept 8 compared with a year earlier.

    In Los Angeles County, pending sales were up 2% from a year ago but down from earlier in the summer.

    Fairweather said buyers might not be jumping in now because they haven’t realized rates have gone down or they are temporarily scared off by recent changes to real estate commission rules.

    Some agents say they are noticing a pickup.

    Costanza Genoese-Zerbi, an L.A.-area Redfin agent, said she’s recently noticed more first-time buyers out shopping, leading to an uptick in multiple offers in entry-level neighborhoods where people are more sensitive to rates.

    Other agents aren’t seeing much of a boost.

    Real estate agent Jake Sullivan, who specializes in the South Bay and San Pedro, has a theory: Homes are still far more expensive than they were just a few years ago.

    Home insurance costs have risen as well.

    “The cost of living is just so high,” Sullivan said.

    Andrew Khouri

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  • Are high interest rates stopping you from buying or selling a home?

    Are high interest rates stopping you from buying or selling a home?

    Earlier this year, mortgage interest rates came off their 2022 highs and settled in the 6% range, providing a small break for those in the housing market.

    That respite is now over. In recent weeks, rates have shot back above 7% and are now rapidly approaching 8%. The recent surge threatens to scramble the economic calculus for both buyers and sellers.

    If you’ve put a pause on your decision to buy or sell a home because of high rates, The Times would like to speak with you. Please fill out the form below.

    Andrew Khouri

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  • Tauranga council heeds call to loosen CBD parking noose, approves plans to help struggling businesses – Medical Marijuana Program Connection

    Tauranga council heeds call to loosen CBD parking noose, approves plans to help struggling businesses – Medical Marijuana Program Connection

    Many commercial and retail premises are up for lease in Tauranga CBD. Photo / Alex Cairns

    The Tauranga City Council is going to tap into a special fund to explore a range of initiatives aimed at helping the CBD’s struggling businesses.

    Parking, a point of concern for many retailers, will be one of the items on the agenda.

    The move has been prompted by calls for action from inner city businesses which say the CBD is in crisis and they are struggling to attract staff because of a lack of parking.

    Commissioners were today asked to approve widening the scope of the $500,000 per annum three-year fund to better respond to concerns raised by CBD businesses, including parking restrictions.

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    The fund was originally intended to help increase the supply of residential accommodation in the city centre.

    However, council’s General Manager: City Development and Partnerships Gareth Wallis said the number of people wanting to access the fund had “dried up” so the money could be redirected into finding ways to help CBD businesses.

    “As a council, we can do more to support the city centre over the next couple of years,” Wallis said.

    “There’s definitely no silver bullet. If there was, we would’ve already done it,” Wallis said.

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    Wallis, and commissioner Anne Tolley, both referenced “particularly negative” feedback from CBD businesses last week.

    Tauranga City Council’s General Manager: City Development and Partnerships Gareth Wallis  Photo / Andrew Warner
    Tauranga City Council’s General Manager: City Development and…

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    MMP News Author

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  • Burning Daily Announce New Range of CBD and Hemp Products Following Increased Customer Demand – World News Report – Medical Marijuana Program Connection

    Burning Daily Announce New Range of CBD and Hemp Products Following Increased Customer Demand – World News Report – Medical Marijuana Program Connection

    /EIN News/ — Hacienda Heights, California, March 20, 2023 (GLOBE NEWSWIRE) — Burning Daily is excited to announce its new range of CBD as well as Hemp products to its online customers. Burning Daily is a leading provider of the most trusted and highest-quality hemp and CBD-based products. Their mission is to provide customers with the best and safest cannabidiol or CBD products and services possible and committed to providing customers with an enjoyable, safe, and responsible experience.

    Leading Online Hemp Retailer

    Founded by Dennis Sanders, Burning Daily has grown into a leading online retailer of hemp products such as Delta-8, Delta-10, THC-O, and HHC.

    CBD Trends

    According to recent studies, one in three American adults has tried some type of CBD product.

    Those numbers are even higher among younger generations, especially millennials. The rise in popularity of these products has also led to a significant influx of producers and providers claiming to sell high-quality and safe products, while that’s not always the case.

    In fact, CBD product sales in the United States were estimated around $4.17 billion in 2022. By 2026, that same study estimates CBD product sales are expected to reach roughly $4.23 billion in value. Finding a trusted source for quality and safe CBD products, like Burning Daily is the key to having a positive experience.

    CBD Products

    Cannabis plants naturally contain more than 100…

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