Moving to Los Angeles? Be Prepared for Sticker Shock

Many prospective home buyers or renters who are moving to Los Angeles, either for work or to be closer to their family, don’t have a realistic idea of the cost of housing in our fair city.

I will often receive emails asking me to help find homes to rent under $2,000 or to buy under $300,000. Take a look at where you would need to Be prepared for sticker shock when moving to L.A.start at a minimum, and I do mean minimum.

Single family homes - $850,000

Condos – $450,000 and this would probably be a one-bedroom.

Leases – $2,500, but more realistically $3,000. You will probably find more selection using such services as Westside Rentals, Craigslist, or maybe airbnb as landlords don’t tend to give listings at the lower end to Realtors®.

Housing in Los Angeles does not come cheap, nor is it easy to find at present. There is a shortage of both rentals and homes for sale, so you will need to do your research before your move.

Sample of Homes for sale under $1 Million

Get help with your home search. Fill out the CONTACT FORM or call me at 310-473-6919

Jane Peters

Jane Peters is a Los Angeles Realtor®, specializing in absentee owners, out-of-town-buyers and those needing that extra personal touch to make the buying and selling of Los Angeles real estate a smooth and, believe it or not, fun process.

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Comments

  1. After living in LA for 5 years I definitely understand why some of your potential clients are facing sticker shock. What areas do you think offer the best value in terms of price and neighborhood amenities?

  2. Probably the better values can be found in West Hollywood and Culver City for the Westside, but Highland Park should be carefully watched. Still very affordable and up and coming.

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