"Surrounded by college students"
This neighborhood is just a few blocks from the UCLA campus and as such its residents are overwhelmingly young college students in their low-20s. While rents are expensive (my friend pays $650 a month as one of four people in a two bedroom apartment) the nightlife is superb, and the area is simply beautiful on the edge of Bel Air and the Westside beach communities. If you're a UCLA student looking for housing nearby, or a young single looking for a neighborhood with an active nightlife, then this is pretty much THE place in Los Angeles (unless you also happen to be a millionaire). The affluence of the neighborhood means crime is low, and the streets are safe at night (as opposed to the student community around USC, across town.)