North Hills Market Trends

North Hills is a community in the San Fernando Valley of the city of Los Angeles, California.
North Hills is one of the oldest communities in the Valley and was originally known as Mission Acres. After World War II, developers renamed the area Sepulveda. Northridge is to the west, Panorama City is to the east, Van Nuys is to the south, and Granada Hills to the north. Main thoroughfares include Lassen, Plummer, and Nordhoff streets, Hayvenhurst, Woodley, and Haskell avenues, and Roscoe and Sepulveda boulevards. North Hills is bounded by Balboa Boulevard and Bull Creek to the west, Lassen Street to the north, Kester on the east, and Roscoe Boulevard to the south.
In 1992, residents of the half west of the San Diego Freeway voted successfully to secede from the east in order to create the new community of North Hills. Sometime thereafter the value of apartment buildings and other rental properties between the San Diego Freeway and Sepulveda Boulevard fell. In 2008, management companies lobbied the City of Los Angeles to change the name of Sepulveda to North Hills. Thus, Sepulveda was annexed to North Hills. As a compromise to the residents of the original North Hills, the City of Los Angeles formed a new neighborhood of "North Hills West" which begins west of the 405 freeway and goes to Bull Creek/Balboa and from Roscoe to Devonshire.

Currently, the average rents in this neighborhood are approximately:

Bedrooms Average Rent
Studios $1,250
1 bedroom $1,075
2 bedrooms $1,700
3 bedrooms
Listing Price Bed/Bath

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