Los Angeles vs. Orange County vs. Henderson??

[Alex Stewart]

I am a real estate investor interested in LA, OC, and even Henderson, NV. I know this sounds like quite the variance but there are elements of all these cities that my family really enjoys. I have never bought a home in any of these cities and have just visited them many times due to my work. I need the help of anyone with intimate knowledge of these areas to determine which pocket should (hopefully) be the best long-term investment.

Currently my situation is this, we have been very blessed and are able to afford a very nice home in any of these areas (up to 4M). Here are the things we feel are a priority:

1. Long term appreciation

2. Walkability

3. Nice modern construction (possibly even a new build)

4. Close proximity to a cute uptown

5. Space

What pockets within these cities do you think best fits the bill?

Thank you for any wisdom you have!