Got $32 billion? Then you can afford to buy Beverly Hills.
If you wanted to buy up all of Beverly Hills, you’d need $32 billion in your pocket based on tabulations by the Los Angeles County assessor. The assessed value of properties in Los Angeles County increased by 6% in 2017 to reach another record level and mark the seventh straight year of increases, according to figures released this week by the assessor’s office. The property roll put the assessed value at $1.416 trillion, up $80.6 billion from 2016.
The county’s largest city, Los Angeles, led the way with a valuation of $568 billion, up 6.6% from the previous year. Long Beach placed second at $54 billion, followed by Santa Monica at $34.4 billion, Beverly Hills at $31.9 billion, and Santa Clarita at $30.7 billion. The fastest-growing cities in the county were El Segundo, with an 11.6% assessment growth; Hawaiian Gardens, up 10.9%; and Avalon, up 9.3%.
If you only have the funds to buy one property, then here’s a handy accounting of 2017’s median sales prices in L.A. County’s 10 most-expensive neighborhoods:
1. The Colony, Malibu: $13 million
2. Trousdale, Beverly Hills: $9.3 million
3. Carbon Mesa, Malibu: $8.587 million
4. Beverly Hills Gateway, Beverly Hills: $8.020 million
5. Malibu Cove Colony, Malibu: $8 million
6. Beverly Hills Flats, Beverly Hills: $7.6 million
7. Malibu Road, Malibu: $7.446 million
8. Serra Retreat, Malibu: $6.35 million
9. Broad Beach, Malibu: $3.85 million
10. Point Dume, Malibu: $3.785 million