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Topic: Housing prices in LA
| Author | Message |
| Newsy | Posted – 10/4/2007 3:43:23 PM | show profile Hey all -- I have an interview with an LA magazine and am wondering what the housing prices are like in LA and the surrounding areas. I am also physically handicapped, so what is the accessible apartment market like? |
| dribbledrive1 | Posted – 10/4/2007 3:55:29 PM | show profile It's one of the most expensive areas in the country, as you'd expect. The price of houses can vary widely depending on which part of Los Angeles (don't think of Los Angeles as one city, but as nine or 10 cities all jammed closely together). The good news is the market is coming down and will probably continue to decline over the next year. |
| sd2la | Posted – 10/4/2007 5:38:26 PM | show profile Are you looking to rent or buy? I used to rent in LA and the prices were really contingent with the neighborhood and size/condition of the apartment. Craigslist is always a good place to look. |
| writesonwater | Posted – 10/4/2007 6:09:38 PM | show profile real estate is coming down -- thousands of foreclosures out there, depending on the area. Renting should be better pricewise, I should think. |
| maphop | Posted – 10/4/2007 7:45:10 PM | show profile | email poster You should expect (minimum) $1000-$1300 for a single/studio, $1500-$2000 for a two-bedroom apartment; for a single family house, add 20% or so, minimum. You don't say what your particular needs are as far as special accessibility - wheelchair? walker? - but as for general handicapped accessibility, it's some of the best in the country. LA County and the City of LA both have existing laws that have ensured that relatively new apartment construction comply to basic ADA needs/laws - ramps, elevators, reduced height counters, ADA-compliant doorjambs, Braille for emergency signage, etc. - and you should be fairly well covered. Another poster summed it up pretty well; it depends on what neighborhood you choose and your proximity to your work. For the Westside or downtown (most of downtown) or for parts of Burbank or Toluca Lake (near the studios) you're going to be far higher than the San Fernando Valley, at least the parts of the Valley that don't sprout names like Encino, Sherman Oaks or Studio City! As an FYI, most mass transit is very ADA-friendly, too. Hope that helps. |
| dribbledrive1 | Posted – 10/4/2007 8:39:14 PM | show profile As a general rule, yes. But if you look you can find deals: I have a friend who pays $795 for a 2-bedroom apartment in a great area of the San Fernando Valley. --You should expect (minimum) $1000-$1300 for a single/studio, $1500-$2000 for a two-bedroom apartment; for a single family house, add 20% or so, minimum. -- |
| reporterwriter | Posted – 10/5/2007 9:36:55 AM | show profile >>As a general rule, yes. But if you look you can find deals: I have a friend who pays $795 for a 2-bedroom apartment in a great area of the San Fernando Valley.<< The only what that's happening is if the person has lived there a long time and is grandfathered into a low rent. You can't even get rent that low in the heart of San Bernardino! Whether rents will drop remains to be seen. Demand rises as people get foreclosed out of their houses. Accessibility isn't the challenge it is in other cities, because "old" here is, like, 25 years. Does westsiderentals.com still exist? I used it last year when I was looking, because it offered a range of prices and lots of choices. Other sites include sublet.com and rent.com. The newspapers contain little and expensive housing. Real-estate agencies often offer rentals. For buying, condos are lowest priced. No, mobile homes, but then you have to figure in space rent. Sometimes, the mortgage payment on a real house works out to less than rent. |
