If you’re thinking about renting in Los Angeles, prepare to pay a little bit more. According to The LA Times, Los Angeles rent has increased 6% over it’s pre-recession peak. Due to an apartment-building boom, the rate of increase in rent prices has slowed, especially in areas such as Miracle Mile and Korea Town east to Downtown. The cheapest rents are in East LA and Antelope Valley, with the most expensive being in Santa Monica/Marina Del Ray, Brentwood, Westwood, and Beverly Hills.
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The answer is yes. Many of you have seen Yelp reviews of Art Deco Apartments. We have 600 tenants and sometimes we have good reviews, and sometimes we have bad reviews – kind of like life. Everyone is entitled to their opinion. According to attorney Dale Alberstone, one San Fransisco renter was found guilty of an action of defamation when his Yelp review crossed the line from opinion to slander: Read more…
KCET recently posted an excellent primer on Los Feliz that will tell you everything you need to know about the neighborhood if you are considering renting an apartment in Los Angeles. Los Feliz is a vibrant, upscale community located east of Hollywood and below the famed Griffith Park. The neighborhood is centrally located near the 5 and 101 freeways, though the neighborhood is great without a car too. You will find hip stores and coffee shops and an eclectic mix of excellent restaurants and bars. Los Feliz forms the historic core of Rancho Los Feliz, and you will find historic buildings in the Spanish Revival, Art Deco, and several other styles. In fact, we currently have apartments available in our lovely southern-plantation style historic building located on Los Feliz Boulevard.
Read the full article: http://www.kcet.org/socal/departures/landofsunshine/a-los-angeles-primer/a-los-angeles-primer-los-feliz.html
According to LA Downtown News, rents in downtown LA rose 4.8% and vacancy went from 9.7% in 2009 to 4.4% in the middle of 2013. The slow revitalization of downtown Los Angeles is finally coming to fruition. With the opening of new grocery stores, retailers, coffee shops and restaurants, and a burgeoning arts scene, downtown neighborhoods such as the historic core, the arts district, and the fashion district are coming back to life.
Read the full article here: http://www.ladowntownnews.com/news/rents-rising-vacancy-dwindling-in-downtown/article_5ea4ae98-2560-11e3-b538-0019bb2963f4.html
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