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Moving to LA...best place to live?

My husband's job may be taking us to LA in the next few months. We have 2 boys 7 and 4. I don't know very much about the area at all and I'm looking for advice on neighborhoods to buy or rent. He would be working in downtown LA so I want something that would be a short commute if possible. A family neighborhood with good schools (or good private schools if necessary). Our price range to buy would be $700 - $900K or to rent $4K - $5K a month. Any and all suggestions are greatly appreciated!!

TIA! 

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