One of my agents was in my office yesterday wondering whether current rents are sustainable. She happens to be looking for a new apartment and can’t believe 1/1s are going for $1350 in City Terrace. In my opinion, rents are very sustainable and, if anything, likely to increase. Why? During the Great Recession, tons and … Continue reading “Are rents sustainable?”
Category: Rent Survey
University Park Rent Survery
Today, we’re looking at rents in the USC University Park area. It’s an older neighborhood, centered on the University, with loads of old Victorian and Craftsmen homes in various states of repair. Situated between downtown and South Los Angeles, there is easy access to the 110 and 10 freeways and the Expo Metro line. Given the … Continue reading “University Park Rent Survery”
Studio City Rent Survey – December 2012
You wouldn’t think it, but there are definitely people out there looking for apartments right now (my property management company closed two leases yesterday, with one more signing today). So, we figured we’d continue our surveys of asking rents in different parts of LA, this time by taking a look at Studio City in the … Continue reading “Studio City Rent Survey – December 2012”
West Hollywood Rent Survey – November 2012
This week, we’re looking at rents in West Hollywood. Keep in mind that West Hollywood is its own city, separate from Los Angeles and with its own rent-control law. Also, West Hollywood has historically had a fairly progressive view on development, meaning that the city is dense and there are lots of apartments. All of … Continue reading “West Hollywood Rent Survey – November 2012”
North Hollywood Rent Survey – October 2012
This month, we’re taking a look at North Hollywood rents, mostly because I’m curious about why people are paying such high prices to buy apartment buildings there. A few things to keep in mind: North Hollywood is huge; there are way more apartments there than in other neighborhoods we’ve looked at previously, so the numbers … Continue reading “North Hollywood Rent Survey – October 2012”
Venice Rent Survey – September 2012
Time for another look at rents in a gentrifying (gentrified?) neighborhood in Los Angeles. This time, we’re heading over to the Westside to take a closer look at Venice. Here are the highlights: Median rent for studios was $1,275 (lower than I would have expected); Median rent for one bed / one baths was $2,575; Median … Continue reading “Venice Rent Survey – September 2012”
Los Feliz Rent Survey – July 2012
It’s time to continue our regular survey of Los Angeles rents. We do these surveys to give renters, landlords, developers, lenders, and appraisers access to up-to-date information on the rental market. This time, we’re focusing on Los Feliz. Things to note: This was a whopper of a survey, because Los Feliz is a huge neighborhood, … Continue reading “Los Feliz Rent Survey – July 2012”
Atwater Village Rent Survey – June 2012
Continuing our look at Eastside rents… As usual, we looked at ads posted on Craigslist for apartments within the boundaries of Atwater Village as defined by the LA Times neighborhood mapping project. A few things to note: These are asking rents; you could potentially negotiate them down This particular survey took place towards the end … Continue reading “Atwater Village Rent Survey – June 2012”
Echo Park rent survey – May 2012
Just completed our semi-regular rent survey for Echo Park north of the 101, and the results are pretty interesting: Median asking rents for 1 bed / 1 bath apartments was $1,450, up a whopping 26% since February Median asking rents for 2 bed apartments was $1,995, down by 15% compared to February Median asking rents … Continue reading “Echo Park rent survey – May 2012”
Rising rents
We’ve just turned over a few units in properties in Silver Lake and Echo Park and, boy, is the rental market heating up. We posted a studio at one property in south Silver Lake right by the border with Echo Park for $1,300 (up from $1,200, I think). The unit and the building are both … Continue reading “Rising rents”