North Hollywood covers a large area and its apparent level of safety goes from relatively safe to "I don't think I wanna live there." The sense of security someone new to the area will feel is largely dependent on where they a coming from or have lived before. If you are moving to NoHo from NYC or the Bronx, chances are anywhere in NoHo you will likely feel safe.
Bottom line, no place in Los Angeles is anymore or less safe than another. Many neighborhoods in North Hollywood are made up of working class Latinos and their families. Gang activity isn't as bad as it once was, but it is still there. However, if you are not a member of that community, any unsavory undercurrent is likely to elude you.
Noho also caters to a large population of the "new to LA, up and coming transplants who cannot afford the Westside." Many in this community are artists, techies, show biz wanna be's, along with corporate middle management drones. This group is generally single with no children and they to tend to bypass the large number of single family dwellings in favor of the equally large number of newer condo and townhome communities that provide easy access to shopping, eating, and entertainment.
But also in North Hollywood, you will find gated driveways with shrub surrounded perimeters that hide sprawling California Ranch homes of exquisite proportion or reconstructed estates reflecting an eclectic vision, the owners of which are generally well to do and sometimes of notoriety. The socio-economic barriers that usually separate communities seem to have become smeared by the incessant traffic of a wide variety of humans from some vastly differently backgrounds doing their best to be tolerant and get along..
The point being that North Hollywood is an area that can reflect the best and worst of Los Angeles with demographics that range from far below the poverty line to exceptional wealth and everything in between. There's a vast mish-mosh of ethnicities that in many places overlap, but each contributes its own bit of culture to the larger community. Whether you travel the area by foot, car, or public transportation (this is really far too much territory to cover by foot, by the way) but if you are someone prone to wondering, chances are you will encounter that place where you are struck by some sense of deja vu that will make you stop to wonder just where exactly in the world you are.... more
You have to be patience & think positive.You will be able to find a property that will accept F.H.A. ,you just need to find a hard working agent to help you ! Good Luck ! You can always ask co-workers & friends for recommendations & then speak to a couple of agents ,find one that you feel comfortable working with !... more
That property just sold,however there are other units in the building that may be interested in selling ,we could always reach out to other homeowners in the complex & see if they are interested in selling !... more
Multifamily are great for rental property to own ,if you are buying it to live in you have to consider do you want tenants to call you & knock on your door 24-7 .With a single family when you are vacant you have 100% negative cash flow ,if you have a 4 unit & 1 moves out you still have 75% cash flow ! Good Luck !... more
Yes ,the bank will lower what they are looking to get out of the house it also depends on what the investor ( the owner of the loan ) is willing to take as a pay-off ! You have to remember most of the time the bank is just acting as a collection company ,which means they are just getting a fee for collecting your monthly payment Good luck !... more