Since that day in 1769 when Gaspar de Portola camped out by the river he called, Nuestra Senora de Los Angeles de la Prociuncula, Los Angeles Real Estate has been in hot demand. Los Angeles has been and still is the land of dreams. Fortunes have been made and lost in everything from gold to oil to water deals, and television and movies have changed all our lives. Los Angeles Real Estate has seen its gloomy times, a number of factors, not least of which was the down-sizing of the aerospace industry in the early 90’s, caused the housing market to take a hit. But even that brought opportunity to those with the fore-thought to buy low and wait out the cycle.
Over 10 million people live in Los Angeles and more are arriving every day. The one thing we know for sure is that they will need a place to live. So even if the market slows, buying real estate in Los Angeles is still a pretty safe bet, after-all, they aren’t making anymore land.
1769 – The area we now know as Los Angeles County was first explored by Europeans in 1769 when a group of missionaries camped on what is now the banks of the Los Angeles River.
1771 – Father Junipero Serra and a group of Spaniards founded the San Gabriel Mission.
1797 – the Franciscan monks established the San Fernando Mission Rey de Espana in the northern San Fernando Valley.
1818 – Joseph Chapman, the first English-speaking inhabitant (and some say a pirate) helped build the church facing the town’s central plaza. That church still stands.
1840 – By now Los Angeles had become the largest city in Southern California.
1846 – the area came under US control and the signing of the Treaty of Cahuenga in 1847 made Los Angeles and the all of Southern California American territory.
1842 – Gold Rush
1850 – Los Angeles County is established
1880 – The Southern Pacific Railroad comes to Los Angeles.
1911 – Nestor Film Company opens and Hollywood is born.
1913 – Los Angeles Aqueduct opens (Making Harry Chandler and William Mulholland even richer)
2007- Population 10,331,939 and growing.