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Monday, December 17, 2012

Downtown LA's South Park Rental Market



Since I've moved to los angeles in 2001,  downtown is one of my favorite areas.  Since the opening of the Staples Center in 1999, downtown started to revamp it's image and brought LA Live in 2007.  Since then, downtown is bouncing back into a urban spectacular with new high rise residential development and amenities to match.  

I rarely have a chance to talk about rental in my blog, but i thought I would show some love.  

If you are looking for rentals near the LA Live, try the South Park area.  It's walking distance to LA LIVE, Staples Center, Ralphs fresh fare and more.  There is a mix of new construction and rehabbed old industrial and office building.  Amenities include pools, sundecks, fitness centers, 24-hour concierge. Another get area to live that is similar to South Park is the Arts District.  
So what are the rents like?

Rental prices varies.  For a small studio, you could see prices at $1,680.  A larger live/work space starts around $2,795/mth.  For a rental at the Ritz at LA Live is $5,500.  A two bedroom condo at the LUMA  has been known to start around $4,500.

hmm...interesting.

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