Each of the 63 rooms, bungalows and suites at Chateau Marmont, a castle-like hotel that sits on a hill is Los Angeles, gives visitors a feel as if they have a home of their own. Most rooms are equipped with full kitchens, private balconies that overlook the city, living rooms and formal dining rooms.

Consider the Altadena suburb of Los Angeles when searching for an affordable home. You may just be able to score a pad along historic Christmas Tree Lane — a 0.7-mile stretch of road in town that boasts itself as the oldest large-scale outdoor Christmas lighting venue in the world, having roots that date back to 1920.