Reverse Mortgages in Los Angeles, CA
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California has the largest populous of all the United States and it’s no wonder because Los Angeles is home to residents from more than 140 countries who speak, at least 224 different languages.
Los Angeles, whose full name is “El Pueblo de Nuestra Senora de los Angeles de Porciuncula,” is an interesting city. Firstly, it is a city that has more automobiles than people, with 24% of all the ground space occupied by them.
Also, Los Angeles and San Francisco are getting closer every year (2.5 inches to be exact) because they are both located on opposite sides of the San Andreas Fault.
Lastly, Los Angeles has a record 200,000 small businesses, which amounts to more than twice if any other part of the United States and has the largest number of women-owned businesses in the nation. Currently, LA is called the “entrepreneurial capital of the world.”
For residents or visitors or retirees, Los Angeles is a city that offers a little bit of everything for everyone.
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For one, Los Angeles’ Marina del Rey is the United States’ largest man made yacht harbor, where many can enjoy a day out in the sun.
Culture enthusiasts will be happy to know that the cultural center in LA has, least, 300 museums and 90 state theaters. The challenge for all those who find themselves in Los Angeles will be deciding what to do first because the options are endless. One of these museum, the Getty Museum, hires goats every spring to eat the growing brushes around the hills of the building.
Foodies will rejoice to know that the average LA citizen eats 28 pounds of fried chicken, 22 gallons of ice cream and 325 bottles of beer among other culinary adventures.
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Los Angeles is also a city full of culture for all those willing to explore it.
For example, the Shirley Temple, a non-alcoholic beverage was invented in LA. Interestingly, the infamous Hollywood sign was originally named “Hollywood Land” from 1923 to 1949.
Los Angeles, which is also known for its earthquakes, built the Chateau Marmont Hotel. It is completely earthquake proof and has survived every major earthquake since its erection.
Those residents or visitors who love to be outside have plenty of destinations to choose from including Griffin Park, the biggest city park in the nation, with over 400 square feet of recreational space and, at least 50 miles of hiking trails. In addition, LA has over 431 miles of biking trails while increased Metro options have made it easier than ever before to travel and experience Los Angeles without the use of a car.
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If you presently own a home in Los Angeles, California a reverse mortgage can help you downsize from your current home and into a state that has plenty of adventure, food and history around every corner.
At PS Financial Services, a reverse mortgage company licensed in California, we always work with our clients to find the best product for their personal situation. Whether you are looking for at a Reverse Purchase or Reverse Mortgage, PS Financial Services can help.
PS Financial Services has expanded it’s services from the east coast all the way to the west coast. We’re now licensed to assist homeowners eligible for the reverse mortgage in California!
With one of our offices in Los Angeles we’ve been doing some research on the community and neighborhoods. Here’s what we found…
The L.A. metro area is a blend of 88 cities and communities, which make up the Los Angeles county. Here are the neighborhoods of Los Angeles to visit:
It is mostly a commercial area full of office buildings and stores. Parking is expensive and hectic so it is better to walk to take the DASH shuttle buses (50 cents/ride), the metro rail, or metro buses. Everything can be seen in one day.
Olvera Street: the oldest area of L.A. The oldest house, Avila Adobe was built in 1818. The street is one block long, with Mexican restaurants and shops selling Mexican crafts. Located of the other side is the Pico House, the first building taller than two floors built in L.A. The Merced Theater, the first theater in the city is also on the same street. Across from Main Street is the Plaza Church, oldest church in Los Angeles.
Broadway: One of the busiest parts of downtown. It resembles a contemporary Mexican shopping strip.
Civic Center: It is one of the largest concentration of government buildings outside of Washington D.C. Nearby is the Cathedral Lady of the Angels, home of the Los Angeles Archdiocese and the L.A. Music Center.
China Town: Home to 35,000 people and the place to watch the Chinese New Year Parade.
Bunker Hill: This neighborhood was the city’s first “high class” neighborhood. The Central Library is located here and it is home of the largest library collections in the world.
University Park, Exposition Park & The Coliseum Complex: The Coliseum hosted its 2nd Olympics in 1984 and is currently the home of the University of Southern California Trojans football team.
Central Los Angeles
Echo Park: The center of the neighborhood is Echo Park Lake where you can rent a boat or water bicycle or walk the island. The lake also has the largest bed of lotus plants outside China.
Silver Lake: One of the oldest sections of the city with a mix of gay and Latino cultures.
Los Feliz: The area is filled with interesting shops, restaurants and clubs. Near Lost Feliz are Griffith Park, the Greek Theater and Griffith Observatory.
Griffith Park: This is the largest urban park. It has hiking trails, horseback riding, and golf courses, the L.A. Zoo, the Autry National Center and the Griffith Observatory.
Koreatown: Be sure to try some Korean barbecue at one of the local restaurants- cook your own meet over a built in grill.
Hancock Park and adjacent Windor Square: 90 percent of homes in this area have not been altered and are approaching 90 years of age in a city where last week’s fashion is already out of style.
Hollywood: The neighborhood is filled with history in early movie making. Today, most of the movie companies have moved out but some old theaters still reside. The area is very popular with tourists and tourists’ attractions like Madame Tussaud’s Wax Museum and Ripley’s Believe it or Not!
Miracle Mile: A one-mile stretch features the Los Angeles Country Museum of Art, as well as other art museums in the strip.
Melrose Avenue: It features funky shops and restaurants.
Fairfax District: It is the center of the city’s Jewish community. It is lined with kosher restaurants, bakeries, delis, and shops. Canter’s Del is one of the most famous.
West Hollywood: Unlike Hollywood, it is an incorporate city of its own and not part of the city of Los Angeles. The L.A. gay community has flourished in this area. It has a vibrant nightlife and upmarket boutique shopping.
Beverly Hills: This is where the wealthy shop. Rodeo Drive is internationally known for high-end jewelry stores, clothing store and restaurants. On Wilshire Blvd you can find Barney’s, Saks, and Neiman Marcus. It is also an exclusive residential neighborhood.
“The Westside” Neighborhoods
This area is the most extreme western section of the city, reaching the ocean.
Bel Air: This is another are for the rich and famous. It is a hillside community between Brentwood and Beverly Hills.
Century City: A business district that used to be part of the 20th Century Fox Studios.
Westwood Village: Home of the University of California at Los Angeles (UCLA).
Brentwood: An exclusive residential neighborhood and has a ‘small town’ feeling to it.
Culver City: Used to be home to three major movie studios (MGM, Hal Roach and Selznich). It is now occupied by Sony Pictures.
Malibu: It occupies 27 miles of coast along the Pacific Coast Highway. It gained its popularity for the beaches. It is mostly made up of private beaches. Make sure to visit Malibu Lagoon and Adamson House. Above the hills is the Malibu Creek State Park. The park has an interesting history and was where the movie and show M*A*S*H was filmed.
Pacific Palisades: Wealthy residential neighborhood and a small shopping district.
Santa Monica: It is located on the Pacific Ocean. It’s known for its beaches and sunny weather, with plenty of celebrity sightings. It is two miles long before Venice Beach.
Venice Beach: This ‘bohemian’ community still hang on to the 1960s ‘flower power’ mentality. Ocean Front Walk is full of artists, performers, skaters, and souvenirs. Sidewalk cafes are great for people watching especially because Muscle Beach is near by. Venice Canals are a must visit. They are 20th century canals to represent the canals in Venice, Italy.
Marina del Rey: The center of recreational boating in L.A. It is one of the few places visitors can get out into the water. There are fishing trips, kayaks, sailboats and other water activities.
Playa del Rey: An isolated beach with quiet, serene, white sand beaches. It is surrounded by the new restored Ballona Wetlands, a treasure of coastal wildlife.
San Pedro/Wilmington: The official Port of L.A. where the commercial freight arrives. It is also the port of all pleasure cruises. There is a waterside shopping center.
Long Beach: It is an independent city, not part of Los Angeles. It has an aquarium, city beach, and an airport.
Burbank: It is the home to Warner Bros, NBC and Walt Disney Studios.
Universal City: The main attractions are Universal Studios and the City Walk where you can find restaurants, movie theaters and specialty shops.
North Hollywood: It is the birthplace of California statehood.
Studio City: It was once the home of the Motion Picture industry but now it is an upcoming neighborhood for hipsters.
Glendale: Its major attraction is Forest Lawn Memorial Park, which contains one of the world’s largest oil paintings. DreamWorks Animation SKG is located here.
San Gabriel Valley
Pasadena: This is where the world famous Tournament of Roses Parade kicks off New Year Day. The Rose Bowl game is usually on the same day and is one of the most watched college football games in the country. There is also the Norton Simon Museum, Gamble House, and Cal Tech University. Descanso Gardens has one of the world’s biggest collections of camellia bushes.
San Marino: The Huntington Library and Gardens reside here. It has one of the world’s finest collections of rare and valuable books.
Arcadia: It is the home of the Los Angeles Arboretum. It is also home of the Santa Anita Race Track, a historic place to watch horse racing.
San Gabriel: Great place to see some of California’s history and some historic buildings.
Baldwin Park: It is a small community with great Mexican restaurants like Guadalaja.
Pomona: Home of one of the Los Angeles County Fair.
Phil Stevenson, Principal Mortgage Originator – www.psreversemortgage.com/reverse-mortgages-in-los-angeles | Reverse Mortgages in L.A
Interested in a reverse mortgage or simply want more information? Give PS Financial Services a call at (888) 845-6630 or via email at email@example.com. We don’t pressure those who inquire. We are simply here to help.