by Jodi Summers

If you are not in your car, it’s relatively easy to get around Silicon Beach. Walk Score, a metric that’s the current darling of the real estate market, is a basic measure of services within a certain radius. Venice 90291 is the 20th most walkable neighborhood in Los Angeles with a Walk Score of 75. Santa Monica with +/- 89,736 residents has an average Walk Score of 78 -most errands are walkable. The most walkable Santa Monica ZIP codes are 90401, 90403 and 90404. Santa Monica is also very bikeable with a bike score of 83.

Walkability is a vast subject, involving health, community, the environment, demographics, and economics. “It’s so complicated, and it’s so simple,” says Carson Looney, principal of Looney Ricks Kiss. “Walkability is common sense. It’s about creating a better place, a destination, an experience.”

Playa Vista zip code 90094 is the 56th most walkable neighborhood in Los Angeles with 4,933 residents. Playa Vista has some public transportation and is somewhat bikeable. Culver City 90232 has an average Walk Score of 73 with 38,883 residents. Mar Vista 90066 is the 42nd most walkable neighborhood in Los Angeles with 38,901 residents and a Walk Score of 65. Marina del Rey – 90292 – more of a driving area.

Studies by Brookings Fellows and economist Joe Cortright and by developer Christopher Leinberger  confirm that homes with access to goods and services by foot perform better economically. “The typical working American pays as much for transportation as housing,” says city planner Jeff Speck. When a home is near  “where people don’t need to drive, they should be able to charge more.”

In his latest book, “Walkable City,” Speck notes that Millennials are a big force in the demand for walkability, as they’re opting for the city in droves. The biggest population bubble in the last 50 years wants to live in places with excitement and buzz.

The other driving force behind the shift to walkability is Baby Boomers. They are leaving their sprawling homes in the suburbs and opting to live in places where they don’t have to drive as much to get to services and where they can age in place.

There are about 2,049 restaurants, bars and coffee shops in Santa Monica. People in Santa Monica can walk to an average of 6 restaurants, bars and coffee shops in 5 minutes.

Silicon Beach offers a healthy, walkable lifestyle, and that’s why we like living here.

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http://www.santamonicapropertyblog.com/?p=5483

http://www.walkscore.com/CA/Santa_Monica

http://www.bikesidela.org/wp-content/uploads/2010/08/bike-bus-map-800px.jpg

http://www.builderonline.com/mixed-use-development/why-smart-builders-care-about-walkability_o.aspx?utm_source=newsletter&utm_content=jump&utm_medium=email&utm_campaign=BP_030514&day=2014-03-05

http://www.walkscore.com/CA/Los_Angeles/Playa_Vista

Join the conversation! 2 Comments

  1. Snapchat has added Yahoo as an investor in a financing round that would value the Venice startup at $10 billion, Bloomberg said Wednesday.

    The monster round is reportedly still in play. The photo and video messaging app has the opportunity to raise a huge amount of capital as it answers critics’ concerns over its revenue model. Snapchat introduced its first ad this past weekend, saying on its blog that it needed to start making money.

    The funding is a smart play for Yahoo, which is flush with cash from its investment in Chinese Internet Alibaba, which went public last month. Yahoo also stands to benefit from Snapchat’s young appeal.

    Reply
  2. While Playa Vista has emerged as a tech hub that rivals Santa Monica, the trendy market is missing one thing: apartments geared toward the Millennial crowd. Well, leave it Donald Bren and Irvine Co to solve the problem.
    Playa Vista: Donald Bren’s Multifamily Makeover for Millennials

    The company has plans to construct a three-building community dubbed Villas at Playa Vista, which will include more than 1,500 units. The project represents more than half of the total multifamily construction footprint in the market, according to Urbanize LA. The complex is slated for delivery early next year and was designed by MVE & Partners. The market has lacked sexy apartment development for the tech worker, which has been shifting to Playa in droves. The project from the country’s richest real estate mogul will be a mix of one- and two-bedroom units, clearly not looking for families.

    Reply

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About Jodi Summers

Jodi Summers
SoCal Investment Real Estate Group
Sotheby’s International Realty
jodi@jodisummers.com

Sotheby’s International Realty’s legacy dates back to 1744. Respected as one of the world’s oldest and largest fine art auctioneers, Sotheby’s has a longstanding tradition of bringing together buyers and sellers of fine property. Today, Sotheby’s International Realty boasts nearly 13,000 sales associates, located in more than 660 offices in 49 countries and territories. Broker Jodi Summers is the founder of the SoCal Investment Real Estate Group, a top producing team with Sotheby’s International Realty in the Los Angeles area.

With more than $140,000,000 in listed inventory, Jodi and the SoCal Investment Real Estate Group know finance, rules, regulations, procedures and methods. We are accurate, knowledgeable, timely and aware of how government shapes the cities of Southern California, including Santa Monica, Venice, Culver City, West Hollywood, Beverly Hills and Los Angeles.

A New York native, Jodi grew up working in the family business – marketing, Madison Avenue style. Childhood math quiz questions calculated demographic and psychographic percentages or analyzed the allocation of adverting dollars. Word games were for devising slogans.

“My marketing and communication skills have proven to be a true gift when it comes to promoting real estate,” observes Jodi. “And I am consistently able to get an exceptionally high price per square foot for my sellers.”

Discipline (Jodi holds a Black Belt in Tae Kwon Do), organization, motivation, excellent communication skills and knowing & satisfying the needs of her clients have been her essentials for running a successful business. A passion for investment real estate explains her emphasis in asset-yielding properties.

The City of Santa Monica chose Jodi to be part of the prestigious 9-member Civic Working Group to analyze and offer feedback on the future of the 10.5-acre Santa Monica Civic Auditorium site. Additionally, Jodi is a member of the National Association of Realtors, Beverly Hills + Greater West Side Association of Realtors, Action Apartment Association of Westside income property owners, the Santa Monica Conservancy historic preservation society, the Friends of Sunset Park community group, the Real Estate Investors Club L.A., the American Solar Energy Society, Sierra Club, California Parks Association and the Culver City Rock & Mineral Club. She is currently the Communications Chair for the Ocean Park Association in Santa Monica, and a partner in Save the Civic – a community group involved with the City in the adaptive reuse of the Santa Monica Civic Auditorium and adjacent area.

An honors graduate from the Walter Cronkite School of Journalism at Arizona State University, Jodi moved to California in the mid-’90s to achieve her goal of living by the beach with a hibiscus bush in her yard.

She has thrived as an entrepreneur in the entertainment, media and marketing industries. She has three books in publication with Allworth Press – The Interactive Music Handbook, Making and Marketing Music and Moving Up In the Music Business. Making and Marketing Music is in second edition. Check out her work on Amazon.com.

Find out more about Jodi Summers through her social networks –
Linked In: http://www.linkedin.com/in/jodisummershere
Facebook: http://www.facebook.com/profile.php?id=1296490898
Flickr: http://www.flickr.com/photos/jodisummers/collections/
Twitter: http://twitter.com/jodisummers
About.Me: http://about.me/SoCalInvestmentRealEstateGroup
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Our websites + blogs + brands include:
www.SoCalInvestmentRealEstate.com
www.SantaMonicaLandmarks.com
www.SoCalIndustrialRealEstateBlog.com
www.SoCalOfficeRealEstateBlog.com
www.SoCalMultiUnitRealEstateBlog.com
www.SoCalGreenRealEstateBlog.com
www.SantaMonicaPropertyBlog.com

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Fresh Real Estate, Fun, Local, Snapshot, Uncategorized, WOW