The average U.S. rent has climbed 14 percent to $1,124 since 2010. While Downtown rentals are under rent control laws, most rentals in Downtown fall under various rent control loopholes that allow for sharp rent increases. The median Downtown Los Angeles rent in the last 6 months was $2,600 per month for 995 square feet. Read the full CBS News story at http://www.cbsnews.com/news/why-rents-are-going-only-higher/
Here is a list from all brokers of what new Downtown renters actually paid in the last 30 days (click More Details to see SP Sold Price):
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RENTERS: Stop Paying Your Landlord’s Mortgage.
Free Report reveals How Easy it is to Buy Your Own Home.
If you’re like most renters, you feel trapped within the walls of a house or apartment that doesn’t feel like yours. You’re always thinking about how you can get out of this rut and leap the hurdle into home ownership.
645 W 9th ST #202, LOS ANGELES 90015 MLS#: SB15037086MR
LP: $1,950AREA: (42)Downtown L.A.STATUS: AVIEW: YesMAP: STYLE:SFR/CA:BR: 0BA: 1.00 (1 0 0 0)APN: 5144027010POOL: YesSTO: APX SF: 720PETS: YesSALE: FP#: PKGT: 1APX LSZ: 74,721LOP: SDEP: $1,950HOD: $0.00BALC: N/AYB: 2006GH: NoneTERMS: LNDRY: Inside,Laundry AreaFUR Y/N:DIRECTIONS:REMARKS: Spectacular Corner unit Condo! Located at a prime location downtown area. This lovely single offers an open layout, the open concept kitchen has stainless steel appliances, and granite counter-tops. This lovely single also offers a spacious walk in closet, full bathroom, W/D combo in the unit, and one car parking space.ROOMS:OCC/SHOW:LP: $1,950DOM/CDOM: 38/LD: 02/19/2015 OLP: $2,100
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