That depends on what you mean by reasonable. There were a number of houses available on the Westside for under a million dollars in 2012. Though properties are still available at this price they're far less common this year as values seem to have been rising almost monthly since last fall. These homes are also often drawing multiple offers and selling quickly so it's important to have your financing together and be prequalified with a lender. This way you'll know what you can actually afford and be prepared to move on the right property when you find it.
Houses on the Westside north of the Santa Monica (10) Freeway are typically more expensive and properties selling for under a million dollars here are usually 'fixers' there by definition. Also Homes in Santa Monica for under a million dollars are rare regardless of which side of the freeway theyâ€™re on.
Homes to the south of the 10 Freeway in Los Angeles are typically less expensive though most are usually a million dollars or more north of Venice Blvd. There are a few exceptions to this close to the freeway itself, directly to the east and west of the Santa Monica Airport under the airplane glide paths, and just south of the airport in parts of Mar Vista where homes can still sometimes be found in the $900k range.
Prices become a bit less pretty much across the board south of Venice Blvd. to Jefferson. Though properties close to the beach are always more expensive there's an area known as 'Del Rey' west of Centinela and south of lower Washington that's just a couple of miles from the beach to the east of the Marina where nice homes can still routinely be found for $700k to $900k.
There's another suburban neighborhood south of the Marina (90) Freeway east of Centinela and north of Jefferson by Playa Vista where homes can be had for around $800k and properties along Culver Blvd. and Ballona Creek west of the San Diego (405) Freeway can be even less expensive with some homes selling for as little as $550k to $650k.
There's also a neighborhood just west of the 405 Freeway between Venice Blvd. and lower Washington Blvd. were homes comparable to or slightly less expensive than those in Del Rey can often be found and nice properties are frequently available in the $750k to $950k range in parts of West L.A. and the southwest part of Culver City just east of the 405 Freeway as well.
'Fixers' in all of these areas usually run at the lower end of these price ranges (or sometimes less.)
You also might consider Westchester on the bluffs south of Jefferson and north of LAX which offers some of the best deals in L.A. on properties closer to beach. There are many suburban neighborhoods here that are closer to the water (1 to 3 miles) than many of the more expensive properties on the Westside. A number of homes are usually still available in the $800k to $900k price range and properties for as little as $700k aren't uncommon. 'Fixers' and smaller homes closer to the airport or farther east can still sometimes be found for even a bit less and Playa del Rey can offer opportunities quite close to the ocean for under a million dollars in this area.
Please feel free to call or email me anytime if you have questions about any of the neighborhoods discussed here or if you'd like to find out more about specific listings that you find online. Here's the link to a special property search map that shows all of the homes for sale on the Westside from Westchester to Santa Monica for under $1M.
The search map also includes foreclosure and bank owned properties and can be reset to show properties at different price points, sizes, etc. and condominiums too.
Best of Luck