Oakwood real estate comprises residences ranging from luxurious homes to small apartments. Oakwood is located in the district of Venice in West Los Angeles. Once primarily occupied by Black oil workers and their families, Oakwood is now a racially diverse neighborhood populated families from all economic backgrounds. Real estate for sale in Oakwood varies greatly in price depending on the size, age, and location of the estate, with most single family homes selling for $700,000 to $800,000.
Oakwood Real Estate
Like the condition of its homes and apartments, Oakwood's real estate prices vary greatly. The average single family home sells for $689,000 to $949,000, though higher-end homes can bring in over $1 million. Apartments in Oakwood also span a wide variety of price ranges, with the average single family apartment going for $149 per day. Because of the area's previous history of gang violence and crime, Oakwood real estate prices are somewhat lower than those of surrounding Venice neighborhoods.
Real Estate for Sale in Oakwood: History and Attractions
The land that is now Oakwood was originally set aside as a Black settlement during the 1920s, with Black families emigrating from the South to work in oil fields throughout the 1930s and '40s. What began as a Black working-class neighborhood soon became home to a number of Latino families, who flocked to the area to escape poverty. By the 1990s, Oakwood was the epicenter of some of the most notorious gang violence in L.A. history. But violence has declined overall in the past decade. Since the late 1990s, Oakwood has experienced growing diversity due to ongoing gentrification efforts. Despite its history of violence, Oakwood is a neighborhood on the rise, with stylish wood and glass homes lining streets like Indiana, Westminster and Brooks, where actor Dennis Hopper and other celebrities have reportedly purchased homes. The Oakwood Recreation Center - which includes football and soccer fields, a baseball diamond and picnic area-is located only 1/4th of a mile from Venice Beach. The Venice Community Center offers a variety of family and after school programs for at-risk youth.
Oakwood real estate is as diverse as its residents, with homes to fit every price range. Homes in wealthier parts of the neighborhood can sell for over $1 million, though most Oakwood real estate for sale falls comfortably between $700,000 and $800,000. The average Oakwood resident's level of education is a Bachelor's or associate degree, with the average annual income being in the $30,000-$74,999 range. Since the 1990s, Oakwood has been featured in the Architectural Digest and Dwell for its lush gardens and has been described as "hip" by the L.A. Times. Oakwood is just minutes from the Venice Boardwalk, an important tourist destination surrounded by Marina del Rey, Santa Monica, and Culver City.
