Mount Washington Real Estate

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Mount Washington Real Estate & Homes for Sale in California

This rustic hillside community is located a mere 20 minutes north of Broadway and the center of the downtown Los Angeles business district. Surrounded by a city teeming with nearly 10 million residents, Mount Washington is a rural hideaway and an alternative lifestyle to the hustle and bustle of urban life. Los Angeles is actually a slanting basin encircled by the Santa Monica Mountains, the high San Gabriels and the Puente Hills. Within the Los Angles basin is Mount Washington, a stately mountain standing 940 feet in height. Once a retreat for the rich and famous, this unique community is known for its diverse population and select real estate market, which attracts both professionals and artists. In 1909, the Los Angeles and Mount Washington Incline Railway put Mount Washington on the map and turned it into an exclusive and highly desirable hilltop residential site. The former Mount Washington Hotel was a favorite destination for silent film stars and other celebrities, who often enjoyed the panoramic view from the summit and then purchased a lot for its beauty and scenic advantages. Today families are attracted to Mount Washington for its strong sense of community, unique homes and the Mount Washington Elementary School, whose students achieve some of the highest scores on the Academic Performance Index every year. The Southwest Museum is a familiar hillside landmark, while Elyria Park and Rainbow Canyon are local parks owned by the Santa Monica Conservancy. Real estate options in Mount Washington consist of single-family detached homes, estate properties and land lots.

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Price Range of Mount Washington Houses

With outstanding education, nearby recreational amenities and close proximity to Los Angeles and its eclectic mix of arts, culture, entertainment, cultural diversity, professional sports, shopping and fine dining, the Mount Washington housing market is very active with beautiful costly homes built and ready to be built. Area builders are environmentally sensitive to preserving the natural habit of Mount Washington. Somewhat level land at the top of Mount Washington will be subdivided and exclusive, elegant homes in the multi-million dollar range will have an eagles eye view of the Pacific Ocean, Catalina Island and the snow-capped beauty of the San Gabriel Mountains. Built single-family detached homes are priced starting from the high $400,000s, for lovely hilltop homes with fireplaces and lots and range up to more than $1 million for estate homes with spacious lots, swimming pools, spas and scenic city lights, hill, mountain, valley, canyon and panoramic views. Though condominiums and townhouses are not available there is a good selection of very affordable land lots for custom building whatever type of residence you desire.

Mount Washington Real Estate Stats and Trends for the week of January 23rd, 2017: homes priced around $986,400 compared to $861,604 the previous week, showing a increase of more than +13%.  For Tuesday, January 24th, the current national mortgage rate for a 30 year fixed mortgage is 4.07%; the 15 year fixed rate is at 3.23%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.46%, while the 15 year jumbo rate currently is at 3.98%. You can calculate your mortgage rate with our mortgage calculators.  Get local info and homes for sale in Mount Washington CA. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Mount Washington to help you find the best home!

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