Short for “The San Fernando Valley”, an section of the City of Los Angeles, touching the north/west border of LA county. population 2.5mil (approx).
the closer to the edges of the valley you get (the hills), the nicer (more expensive) the property is. the closer to the center of the valley you get Reseda , Van Nuys , etc, the more rough and cheaper it gets. The valley used to be agricultural (1930-50’s) then became a suburb, then more recently has become more industrial and is becoming more urban.