Los Angeles rent comparison: What $1,700 rents you right now
…I think that all depends on where exactly one of these are located. Neighbor could be good but may be the street or neighbors do not.
I do not live there but I really have this doubt: Why always the same places?
What happen with these other neighbors? I do not think that the rent will be higher than in other places and look ok; but may be any of you residents of the city can tell me why not.
So what about these ones that I never see in these lists:
-Wilshire Montana
-Mar Vista
-Oakwood
-Baldwin village
-Jefferson
-Palms
-Leimert Park
-Park Mesa heights
-Central Alameda
Hi Tom. I’m an Architect, married, been living in MidCity (PicFair Village) for 8 years. My neighborhood has seen a lot of action recently (6 sales on my street alone in the last two months). It seems like the average price for 2bed/2bath is 1.2mil. All have been professionally remodeled (flipped). As an architect, I would prefer to do the remodeling myself. Let’s say target price of 500k and 200k+ home improvement loan. I would love to stay in the neighborhood but looking at recent sales, it seems unlikely. So where should I be looking instead? Do you have any loan/financing advice for a first time homebuyer that wants to take on a fixer-upper?
One hopes Curbed would provide insights into homes hitting the market…at all price points and in various neighborhoods…beyond regurgitating Realtor provided marketing info. Report potential issues that buyers should consider: noise, crime, incurable defects (like the recent Atwater house that backs to a DWP power station).
Depends on what you are comfortable with. Some people love the funkiness of northeast LA…others can’t stomach anything east of La Cienega. Many people are ready to invest in areas like this where they can find a reasonably priced house. The neighborhood is a treasure trove of craftsman bungalows waiting for some TLC. Wouldn’t be surprised if Glassell Park becomes the next Atwater Village or Highland Park.
LA real estate Q&A with Mercer Vine’s Tara Hotchkis and Dominic Labriola
Yes, if you purchase a property in a Mills Act approved building it can significantly reduce the amount of yearly property taxes you will pay. Yearly property tax bill savings can be up to 70%! If you are looking to purchase a loft in DTLA and are a fan of the historic buildings and their stunning architecture, we would highly recommend purchasing in a Mills Act approved building. Some of our favorites are the Biscuit Company Lofts in the Arts District, the Cornell, Eckardt and Textile Buildings that make up Santee Village in the Fashion District, the Higgins, the Douglas and the Rowan buildings in the Historic Core and the Eastern Columbia building on Broadway!
Los Angeles has the fourth-highest percentage of renters in the nation
Total nonsense!
A) The approximately one million illegal immigrants living here, even though they live more "densely" than the average, still have a hugely distorting effect on our cost of housing. My one income is competing for 1-bedrooms in Hollywood, East Hollywood, Virgil Village, Echo Park, Mt. Washington, etc. with people/families who are willing to put two or three (likely lower) incomes towards the same 1-bedroom apartment. There is very intense competition for housing (some of this we call "gentrification"). Furthermore, most people have trouble understanding a number as large as one million. This population alone would make the 10th largest city in the United States. The idea that they are all tucking themselves into a small and undesirable pocket of the city, and that they are not having a significant, measurable impact on our cost/standard of living, is close to treasonous.
B) The cost of construction in Los Angeles is only somewhat lower than other US cities which lack a significant illegal immigrant population. It is not likely that the cost of construction would skyrocket. Labor markets, especially in construction, are elastic. Other construction workers from around the country would move here if the wages rose above the national average. So at worst, the cost of construction would rise slightly to the national average, give or take for cost of living.
C) Illegal immigrants participate at much higher rates in the informal economy. It is not really true that they pay income taxes, as a group, at the same rate as non-illegals.
It’s one thing if we want open borders, and are willing to devote huge amounts of our resources to try to make that work. But I take issue when bleeding hearts turn a blind eye to the actually facts of the issue. Let’s make sure we’re making informed decisions based on fact.
Where do you go that’s a couple bucks for parking? Some meters don’t even fit in that amount, aka almost ALL of DTLA from 11-4pm when it’s $4 an hour. I would say instead at that price point, why not Uber or Lyft? Even cheaper if you pool.
I wish there were more cheap or free public parking lots like in some of the pocket neighborhoods a la Echo Park or Atwater Village. At least some new developments don’t skimp on parking a la Platform LA in Culver City. I don’t miss much from the suburbs but man large parking lots that are free seem great now ha.
Here’s to hoping everyone has great parking karma!