15 L.A. Neighborhoods for Renters Who've Been Priced or Pushed Out
This area, including Koreatown, had 244 units available last month. That's not surprising, given that block upon block in the area is zoned for multifamily units. Some brick walk-up buildings (like the one used to depict the façade of Jerry Seinfeld's New York apartment) date to the 1920s and earlier, but there was a multi-unit construction boom in the 1970s and '80s. If the building you're looking at was up before 1978, it's probably subject to rent control — a big plus. The median "inquiry price" for a one-bedroom unit — meaning the rate that hunters are hoping for — is $1,500, according to listings site Zumper.
You might be able save money commuting to both work and play if you live near Beverly and Vermont.
Photo by Ted Soqui
5 Metro Rail Stops With Affordable Housing Nearby
The American Public Transportation Association says you can save $12,960 a year in Los Angeles if you use public transportation instead of your own car. That's enough cash in some neighborhoods to cover more than half a year's rent. To plug into that kind of reward, however, you'll probably have to locate near a subway, light rail line or bus-friendly boulevard. Here are some Metro rail stops with housing stock that will help you save money on rent and transportation.
5. La Cienega/Jefferson
This neighborhood at the foot of the Baldwin Hills is preparing for an influx of newcomers. High prices on the Westside are pushing prospective buyers and renters south and east. The addition of a Metro Expo Line station here has developers eyeing the land. The planned Cumulus project would add 1,200 housing units, a grocery store, eateries and office space.
This Metro Gold Line stop near Lincoln Heights is close enough to hipster hotbeds Chinatown and Atwater Village that you're within walking distance of locally brewed craft beer. But it's far enough away that you can still find cheap rents and authentic taco stands galore.
3. Westlake/MacArthur Park
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People have been waiting for Westlake to gentrify for years, and although there are sure-fire signs of newfound youth — including the Teragram Ballroom music venue — it's still a gritty neighborhood along the Red Line that bows down to certain gangs. Apartment stock goes from the pricey Italianate villas of developer Geoff Palmer to straight-up slums near the park.
2. San Pedro Street
Downtown is gentrified to hell, and to live there with all the other cool kids you'll pay a premium. Strangely, the influx seems to halt like water at oil along the 10 freeway. Just a few blocks south of your friends in the Fashion District, you'll find much cheaper rents near the Blue Line's San Pedro Street station.
Koreatown, with high online search rates for prospective renters and the highest apartment inventory in L.A., is no secret spot for Angelenos looking for a pad. But this northeast edge along the Red Line is grittier and more affordable, and it provides access to nearby Virgil Village, Silver Lake and East Hollywood. You'll save money commuting to both work and play.
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