Beverly Hills vs Hollywood Hills: Which Suburb Is More Expensive?

When it comes to luxury and high-end living, Beverly Hills and Hollywood Hills in Los Angeles often come to mind. Both areas offer a cut above the rest, but which one reigns supreme in terms of price point? Let’s dive into the details.

Comparing Beverly Hills and Hollywood Hills

As of the last update in August 2023, Beverly Hills is generally considered the more expensive of the two. This is due to its reputation for luxury, high-end shopping, and celebrity residents, which all contribute to its high property values. While Hollywood Hills also boasts expensive real estate with stunning views, its prices typically don’t reach the same levels as Beverly Hills. However, real estate markets are volatile and it’s always advisable to check the latest listings and market trends for the most current information.

Understanding Suburban Classification

There’s a common misconception that Beverly Hills and Hollywood Hills are just suburbs. The reality is that Beverly Hills is a full city, while Hollywood is an area within the greater Los Angeles city limits. This geographical differentiation can impact how you perceive the affordability and amenities of each area.

Insider Knowledge and Hidden Gems

Some argue that Beverly Hills has more high-end listings than Hollywood Hills, with homes that cost over 100 million dollars. According to experts and realtors, certain hidden gems exist that have never been publicly listed. These private oases, such as the renowned Bel Air area, often go unnoticed by the general public and some even by real estate agents.

Exploring the Price Gap

Another interesting point is the cost of living within each area. Due to a high percentage of apartments in Beverly Hills, it might be easier to find a reasonably priced apartment within its borders. This has tempted some to move there, discovering that it still offers a luxurious living experience.

Meanwhile, Hollywood Hills is predominantly made up of mansions and estates. The cost of moving into such a property can be significantly higher, especially given that apartments, while available, are more scarce and more expensive. Moreover, the terrain and distance from downtown can add to the perceived expense and inconvenience of living in Hollywood Hills.

Personal Perspectives and Experiences

To provide a more realistic view, let’s hear from some individuals who have lived in both areas:

Pros of Beverly Hills: The luxury and celebrity lifestyle, combined with a high number of expensive properties, make it a sought-after destination. Those who have lived there believe it’s the best value due to its limited public listings and private estates. Cons of Beverly Hills: Some residents argue that the area is overpriced, with hidden downsides such as long commutes and occasional safety concerns like wildlife intrusion. Pros of Hollywood Hills: The stunning views and mansions can be a compelling draw, but the reality is that navigating the canyons and facing wildlife intrusions can be challenging. Cons of Hollywood Hills: The terrain and isolated nature of the area can make it logistically challenging to get in and out, especially for everyday errands such as buying milk or condoms.

Conclusion

While both Beverly Hills and Hollywood Hills offer exquisite living, their cost structures differ significantly. Beverly Hills is generally considered more expensive, largely due to its luxury lifestyle and celebrity presence. Hollywood Hills, while also luxurious, may require a more significant financial commitment and a high tolerance for logistical challenges.

For those considering a move, it’s essential to conduct thorough research, taking into account personal preferences, lifestyle needs, and market trends. Consulting with local realtors can also provide valuable insights and help navigate the complexities of each area.