What is the Silicon Beach in Los Angeles and what is the history behind this term?

Silicon Beach refers to the westside region of the Los Angeles metropolitan area, home to over 500 tech startup companies. The area includes Santa Monica, Venice, Marina Del Rey, Playa Del Rey, Playa Vista, and El Segundo. The name 'Silicon Beach' was adopted due to the concentration of tech and digital media companies, mirroring the tech ecosystem of Silicon Valley. The growth of Silicon Beach began in the late 2000s and early 2010s, notably with Google leasing a 100,000 square foot property in Venice in 2011, which attracted more tech companies like Snapchat, Hulu, Riot Games, and Tinder. Silicon Beach has now a vibrant tech ecosystem with venture capital firms, digital media companies, gaming companies, and incubators and accelerators, fostering tech entrepreneurship in the region.

What is Howard Hughes' private airport, Playa Vista?

Howard Hughes' private airport, also known as the Spruce Goose Hangar or Playa Vista Airport, is located in Los Angeles, California. Built by Howard Hughes during World War II, it housed the H-4 Hercules, also known as the 'Spruce Goose,' an experimental aircraft with the largest wingspan of any aircraft ever flown. The hangar, now known as the Hercules Campus, has been transformed into a mixed-use development with office space, retail outlets, and sound stages, serving as a hub for creative businesses and technology companies while preserving its historical and architectural significance.

What has been the real estate development in Playa Vista?

Playa Vista is a master-planned community in Los Angeles, covering 1,087 acres, designed to integrate residential, commercial, retail, and recreational spaces. It offers a variety of housing options alongside a significant presence of tech and creative industry companies, due to its proximity to 'Silicon Beach.' The area includes commercial and retail spaces, parks, and emphasizes sustainability with many buildings meeting green building standards. The development promotes community engagement through various amenities and events, and its strategic location provides easy access to major transportation routes, making it a vibrant and sought-after community.

2831 Malcolm Ave Los Angeles CA 90064

Rancho Park, Cheviot Hills, CA, USA

$1,350,000

$1,331 per ft²

4 Photos

Mobile:

+1 (323) 474-9822

Email:

mb@manjeetbhasin.com

Sold

3 Beds

1,014 ft²

1 Baths

Residential

Built 1945

MLS® ID:

23-259693

Updated:

04/26/2023

Listed:

04/26/2023

Calling all developers! This property is a major fixer on a large lot in the heart of Rancho Park, with a detached garage that can be converted into an ADU. Looking for someone with creativity. Located in one of LA's best school districts, Overland Elementary School.

Interior Features

Total Bedrooms

Total Bathrooms

Exterior/Building Features

Lot feet

6,324 ft²

Other property details

HOA Fee

Garage

Yes

Parking

Pool

Data last updated 04/26/2023