It is getting tougher and tougher to find a good rental property on the Westside of Los Angeles. The minute something great comes on the market it is gone, at least in a certain price range, and 3 bedroom properties are rare.
The areas I seem to get the most inquiries on are: Westwood (including the Wilshire Corridor), West Hollywood, Beverly Hills and Santa Monica.
So let’s see what the last month’s activity shows in those areas:
| Building | Active | High | Low | Leased | High | Low |
| SF | 13 | $16,000 | $4,900 | 4 | $25,000 | $3,720 |
| Condo | 53 | $15,395 | $1,650 | 13 | $8,500 | $1,800 |
The median price of available rental units in Westwood is $4,800 per month, the bulk of which are condos with, believe it or not, a median price of $4,200 per month. Single family units have a median price of $7,750 per month.
| Building | Active | High | Low | Leased | High | Low |
| SF | 17 | $8,999 | $3,500 | 3 | $4,000 | $2,450 |
| Condo | 43 | $15,000 | $1,500 | 22 | $24,000 | $1,500 |
The median price of rental units in West Hollywood is $4,050. For single family it is $5,500 per month and for condos $$3,375 per month.
| Building | Active | High | Low | Leased | High | Low |
| SF | 50 | $220,000 | $3,250 | 8 | $32,000 | $5,000 |
| Condo | 17 | $9,900 | $2,200 | 6 | $7,950 | $3,000 |
The median price of lease listings in Beverly Hills is $12,500 per month (single family $17,748 per month and condos $4,500 per month).
| Building | Active | High | Low | Lease | High | Low |
| SF | 30 | $45,000 | $3,895 | 18 | $25,000 | $2,900 |
| Condo | 35 | $25,000 | $1,850 | 17 | $15,300 | $2,250 |
In Santa Monica the median price for active listings is $8,200, the median price for condos being $5,495 per month and single family $14,250 per month.
Areas close by where you may find a better deal are:
| Building | Active | High | Low | Leased | High | Low |
| SF | 4 | $6,500 | $3,495 | 4 | $3,850 | $2,995 |
| Condo | 25 | $6,500 | $1,995 | 6 | $4,300 | $2,621 |
Beverly Center/Miracle Mile Area
| Building | Active | High | Low | Leased | High | Low |
| SF | 18 | $12,500 | $2,900 | 10 | $7,000 | $3,500 |
| Condo | 16 | $16,002 | $1,500 | 2 | $3,250 | $2,845 |
Out of the 321 listings above only 121 are 3-bedroom units, and of those only 38 are condos.
Los Angeles Homes for Rent
Buying or Selling Los Angeles Real Estate
Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you’re new to L.A. Town. You’ll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs!
When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available.
If you are an absentee owner, you’ll need someone to handle all the details that you can’t handle remotely. That’s where I come in – I’m there when you can’t be. I also specialize in lease property in Los Angeles.
Westside Los Angeles Real Estate, including, but not limited to:
- Westwood Real Estate - Westwood single family homes, Westwood condominiums, Wilshire Corridor condominiums, Century City condominiums
- Brentwood Real Estate - Brentwood single family homes, Brentwood condominiums
- Santa Monica Real Estate - Santa Monica single family homes, Santa Monica condominiums
- Beverly Hills Real Estate - Beverly Hills single family homes, Beverly Hills condominiums
- Culver City Real Estate - Culver City homes
- Silver Lake Real Estate - Silver Lake single homes
- Echo Park Real Estate - Echo Park homes
For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.
Read more: http://www.homejane.com/renting-a-home-in-los-angeles-market-update.html#ixzz1vcJrRSum
Jane Peters, connecting you to the L.A. real estate scene
Buying or selling real estate in Los Angeles can be an overwhelming process. Contact Jane Peters, Los Angeles realtor specializing in absentee owners, out of town buyers, and those who need that extra attention, in order to make the transaction a smooth, trouble-free, and fun experience.
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