February 20, 2004

bugger, bugger, bugger!

So I've had my eye on this new apartment complex that's going up out in Hollywood, Sunset + Vine, located, well, on the corner of Sunset and Vine. I was interested because it's one of those new mixed-use properties going up around L.A., and it was very close to the Metro station (subway to work!), and right across the street from Amoeba Records and the Arclight Cinemas, AND on the ground floor there'll be all sorts of goodies like Borders Books and the new Schwab's.

I've been checking their site almost everyday the last two months looking at floorplans and waiting for pricing to be announced. Today I noticed their contact number had changed, so I decided to give it a call. The girl on the other end was, of course, very friendly, and spoke of all the amenities (all appliances, washer/dryer in unit, blah blah blah) - and then we got down to business...

Studio apartments (554-639 sq. ft): start over $1400/mo.
1-bedroom apts (630-839 sq. ft): start over $1550/mo.

Holy Jesus! What the heck is happening to apartment pricing in L.A.? And in fucking Hollywood?!? A questionable at best community? I want to know who makes that kind of money where they can live in a 550 sq. ft studio apartment and pay $1400 per month.

I've been browsing craiglist the past month or so trying to see where apartment pricing was, and it's super high. Greedy-fucking property owners! You cannot get a decent one-bedroom for under $1100/month in L.A. Studio apartments and "guesthouses" are not much lower, averaging about $900/month. I figure myself quite lucky right now. I live in a studio (well, a converted garage), and am only paying $500/month, which, from what I'm seeing, is a very competitive rate.

So obviously, I'm a little bummed.


posted by julie at February 20, 2004 01:46 PM

things people have said

From what I've researched, LA is more expensive overall than SF. That surprised me, but I guess most people in LA have cars and most in SF do not - so that's a big one. Plus, it seems like rents in the bay area have been dropping faster than, well, a Hollywood whore's panties (or a dot.bomb's stock price) - while in LA they seem to be heading up.
I wonder why that is? Maybe since Hollywood is close to downtown, they charge a premium for people who don't want a long commute?

so said: Charles at February 23, 2004 04:03 AM



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