In Los Angeles, the meaning of “million-dollar home” shifts dramatically depending on where you’re looking. In 2025, with inventory still tight and interest rates hovering around 7%, $1 million is a solid—but no longer extravagant—budget for LA real estate. Here's a snapshot of what your money buys across five diverse neighborhoods:

Mar Vista: The $1M Fixer

In this popular Westside neighborhood, $1 million will likely get you a 2-bedroom fixer on a compact lot. Mar Vista’s tree-lined streets and proximity to Venice and Culver City make it highly desirable, but buyers at this price point may need to roll up their sleeves—or bring a contractor—to unlock the home’s full potential.

North Hollywood: Remodeled with a Yard

NoHo continues to attract creatives, young professionals, and first-time buyers. For $1 million, you can often find a remodeled 3-bedroom home with a yard—perfect for families or those wanting indoor-outdoor living. Its growing arts scene and Metro access add lifestyle appeal.

Inglewood: Newer Townhomes Near SoFi

Thanks to major investment and the buzz around SoFi Stadium, Inglewood is booming. For $1 million, expect a newer construction townhouse or small single-family home, often with modern finishes and gated entry. This area continues to appreciate as infrastructure and amenities expand.

Eagle Rock: Craftsman Charm

Nestled between Pasadena and Highland Park, Eagle Rock offers a unique blend of suburban calm and hip energy. Here, $1 million might score you a cozy craftsman with original details, character, and curb appeal—ideal for buyers who value charm over square footage.

Westchester: Mid-Century with Updates

On the Westside near LAX and Playa Vista, Westchester offers suburban vibes with city convenience. A $1 million budget may land you an updated mid-century home with original charm intact, perfect for families or tech professionals looking for proximity to Silicon Beach.

Final Take: Be Ready to Compete

While $1 million is still a substantial amount, many homes in this range attract multiple offers, especially if they’re move-in ready or located in highly walkable pockets. The key to success? Get pre-approved, know your must-haves, and stay flexible—because in LA, the definition of “dream home” is all about location, condition, and timing.