"Beverly Hills by the Sea"

"There are still throngs of tourists at the boardwalk on the weekend. There are still incense sticks for sale, and henna tattoos, and gutter punks loitering about. There are still the Sidewalk Café and Small World Books, the same slices of pizza for a few dollars and the same sunglasses for $5.99. There are still Muscle Beach and paddle tennis and basketball and handball, still music blasting from boom boxes and still Harry Parry. Yes, there is a newly opened Poké Shack, and the Jamaicans who sell their homemade CDs now accept credit cards via Square on their iPhones.
"There is a sort of cultural inertia on the boardwalk that's impervious to gentrification. The buildings just off the boardwalk, however, are a different story."

Hillel Aron in a 2017 L.A. Weekly article explains "How Venice Became the Most Expensive Neighborhood in Los Angeles."