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LA Realty / Buyer Tips / Is Your Child Attending UCLA? Thought About Buying Rather Than Renting?

Is Your Child Attending UCLA? Thought About Buying Rather Than Renting?

April 27, 2011 by Jane Peters

Is your child attending, or about to attend UCLA, one of the world’s top universities?  Are you wondering where your baby is going to live?  For ease, comfort and added security, buying a Los Angeles condo may be a good option.
Renting a condo in Los Angeles, can be a daunting task.  You are not sure about the area, rentals are expensive, and you are concerned about safety.  Also, when you come into town to visit  it would be great to have somewhere to stay.Buying a Condo in Los Angeles for your UCLA Student, Buying vs Renting a Condo in Los Angeles

Buying a condo in Los Angeles near UCLA makes a lot of sense.  The market is at or near bottom right now, and mortgage interest rates are low.  In three or four years appreciation should take hold and you will get your money back and maybe even make a profit.

In which Los Angeles areas should I consider buying?

Areas easily accessible to UCLA include Westwood, Century City, Brentwood, and Santa Monica.

How much will I have to pay for a Los Angeles condo?

Depending on the area, you could effectively find a nice condo from the mid $400,000 to low $700,000s.  You do have to take into consideration the Homeowners Association dues which can run from the mid $200s to high $400s and up.  This would exclude the Wilshire Corridor where HOA dues can run as high into the high teens for a medium-priced unit.

But overall, buying a condo in Los Angeles could make sense for the four or more years your child will be attending UCLA.

Below are some examples of condos in the Westwood/Century City area, under $700,000.

  1. $799,000 : 10982 ROEBLING Avenue #332, Los Angeles
    Photo of 10982 ROEBLING Avenue #332, Los Angeles, CA 90024 (MLS # 18336398)
    2 beds, 2 baths
    Home size: 1,056 sq ft
    Lot size: 1.83 ac
    Year built: 1973
    Days on market: 1
  2. $799,000 : 10982 ROEBLING Avenue #332, Los Angeles
    Photo of 10982 ROEBLING Avenue #332, Los Angeles , CA 90024 (MLS # 18336398)
    2 beds, 2 baths
    Home size: 1,056 sq ft
    Lot size: 1.83 ac
    Year built: 1973
    Days on market: 1
  3. $795,000 : 10433 WILSHIRE Boulevard #1008, Los Angeles
    Photo of 10433 WILSHIRE Boulevard #1008, Los Angeles, CA 90024 (MLS # 18336586)
    1 bed, 2 baths
    Home size: 1,105 sq ft
    Year built: 1963
    Days on market: 2
  4. $795,000 : 10433 WILSHIRE Boulevard #1008, Los Angeles
    Photo of 10433 WILSHIRE Boulevard #1008, Los Angeles , CA 90024 (MLS # 18336586)
    1 bed, 2 baths
    Home size: 1,105 sq ft
    Year built: 1963
    Days on market: 2
  5. $826,000 : 1333 South BEVERLY GLEN Boulevard #704, Westwood - Century City
    Photo of 1333 South BEVERLY GLEN Boulevard #704, Westwood - Century City, CA 90024 (MLS # SR18069386)
    1 bed, 2 baths
    Home size: 1,493 sq ft
    Lot size: 41,419 sqft
    Year built: 1962
    Days on market: 2
  6. $826,000 : 1333 S Beverly Glen Boulevard #704, Westwood - Century City
    Photo of 1333 S Beverly Glen Boulevard #704, Westwood - Century City, CA 90024 (MLS # SR18069386)
    1 bed, 2 baths
    Home size: 1,493 sq ft
    Lot size: 41,419 sqft
    Year built: 1962
    Days on market: 2
  7. $549,000 : 10982 ROEBLING Avenue #456, Los Angeles
    Photo of 10982 ROEBLING Avenue #456, Los Angeles, CA 90024 (MLS # 18336754)
    1 bed, 1 bath
    Home size: 663 sq ft
    Lot size: 1.83 ac
    Year built: 1973
    Days on market: 3
  8. $549,000 : 10982 ROEBLING Avenue #456, Los Angeles
    Photo of 10982 ROEBLING Avenue #456, Los Angeles , CA 90024 (MLS # 18336754)
    1 bed, 1 bath
    Home size: 663 sq ft
    Lot size: 1.83 ac
    Year built: 1973
    Days on market: 3
  9. $1,620,000 : 1520 S BEVERLY GLEN #208, Los Angeles
    Photo of 1520 S BEVERLY GLEN #208, Los Angeles, CA 90024 (MLS # 18336022)
    3 beds, 3 baths
    Home size: 2,141 sq ft
    Lot size: 38,001 sqft
    Year built: 1983
    Days on market: 3
  10. $1,620,000 : 1520 South BEVERLY GLEN #208, Los Angeles
    Photo of 1520 South BEVERLY GLEN #208, Los Angeles , CA 90024 (MLS # 18336022)
    3 beds, 3 baths
    Home size: 2,141 sq ft
    Lot size: 38,001 sqft
    Year built: 1983
    Days on market: 3
  11. $1,995,000 : 10724 WILSHIRE #1410, Los Angeles
    Photo of 10724 WILSHIRE #1410, Los Angeles, CA 90024 (MLS # 18335110)
    3 beds, 5 baths
    Home size: 3,165 sq ft
    Lot size: 1.16 ac
    Year built: 1989
    Days on market: 3
  12. $1,995,000 : 10724 WILSHIRE #1410, Los Angeles
    Photo of 10724 WILSHIRE #1410, Los Angeles , CA 90024 (MLS # 18335110)
    3 beds, 5 baths
    Home size: 3,165 sq ft
    Lot size: 1.16 ac
    Year built: 1989
    Days on market: 3
  13. $2,350,000 : 875 COMSTOCK Avenue #16A, Los Angeles
    Photo of 875 COMSTOCK Avenue #16A, Los Angeles, CA 90024 (MLS # 18335188)
    2 beds, 2 baths
    Home size: 2,110 sq ft
    Lot size: 1.95 ac
    Year built: 1961
    Days on market: 6
  14. $2,350,000 : 875 COMSTOCK Avenue #16A, Los Angeles
    Photo of 875 COMSTOCK Avenue #16A, Los Angeles , CA 90024 (MLS # 18335188)
    2 beds, 2 baths
    Home size: 2,110 sq ft
    Lot size: 1.95 ac
    Year built: 1961
    Days on market: 6
  15. $945,000 : 10433 WILSHIRE #1109, Los Angeles
    Photo of 10433 WILSHIRE #1109, Los Angeles, CA 90024 (MLS # 18333668)
    2 beds, 3 baths
    Home size: 1,824 sq ft
    Lot size: 31,458 sqft
    Year built: 1963
    Days on market: 6

See all Westwood Condos for Sale.
(all data current as of 4/25/2018)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

 

Need Help? Have questions? Fill out the CONTACT FORM or call Jane at 310-473-6919

Filed Under: Buyer Tips Tagged With: Buying Los Angeles Real Estate, Los Angeles Real Estate, Relocating to Los Angeles

Comments

  1. Michelle Gibson says

    April 28, 2011 at 7:54 am

    Jane – I think buying instead of renting is definitely a great option for UCLA students.

  2. Jane Peters says

    April 28, 2011 at 3:42 pm

    It most definitely is, Michelle

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