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I field many requests from people looking for Wilshire Corridor rentals, so I would like to answer some common questions I receive.
The Wilshire Corridorconsists for the most part of high-rise condominium buildings, each unit being owned by a private party. There are a few apartment complexes, but when people think Wilshire Corridor they think of the luxury full-amenity condo buildings.
Below are answers to some of the questions I often get from people wishing to rent on the Corridor.
Q: Is it possible to get a short-term rental?
A: No. Most, if not all, the homeowners' associations of these buildings don't allow less than a year's rental. There is no way around this.
Q: Can I have a pet?
A: Yes and no. Some buildings allow pets, usually with a size restriction. Some don't. And even if the building does allow pets, the individual owner of the property may not. Your agent will have to ask.
Q: How expensive is it to rent on the Corridor?
A: For the full-amenity buildings, the minimum lease is going to be around $2,500, but more commonly it will start around $3,000. The median price is around $4,250. The highest leased over the past year was a three-bedroom at The Carlylefor $15,000 a month and there is presently a three-bedroom, unit available at The Californian for $24,950 a month.
Q: Are the units furnished or unfurnished?
A: You may find the odd unit that is furnished, but usually they are unfurnished.
Q: Do I have to pay the homeowners' dues?
A: No. The owner of the unit pays the dues.
Q: What is included in the rent?
A: Your additional expense will include utilities, such as gas, electric and cable. The owner pays for water. However, there may be an instance where utilities are included such as at the Wilshire Regent,but that is rare. Everything else is included in the rent.
Q: Where do I park?
A: In some of the full-service buildings you can park your own car, but in most cases the valet will take your car and park it. You may call down before leaving and have them bring the car around.
Q: Where do my guests park?
A: In most cases, if you just have a few guests, the valet will handle their cars. If you are having a party then you will be allowed a certain number of parking spaces above which you will need to pay.
Q: Do I have to tip the valet?
A: In most cases no. There are a few buildings where it might be O.K. occasionally, but most of the buildings forbid tipping. You can always give a gift over the holidays, which is what the residents typically do.
Q: Can I use the facilities?
A: Absolutely. As a tenant in the building you have almost the same rights as the owner.
Q: What are the rules:
A: When you move in your landlord is required to provide you with the homeowners' rules and regulations by which you must abide.
Q: Is the price negotiable?
A : Everything is negotiable. You can always ask
Q: Can I write a lease option agreement?
A: Probably not, since a seller is not going to want to tie in the the option at today's prices. However you can request first right to buy should the owner wish to sell.
Q: Is there a move-in move-out fee.
A: Almost certainly yes, plus a deposit held by the building until they are satisfied that nothing has been damaged.
If you have any other questions about Wilshire Corridor rentals, don't hesitate to contact me.
Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you’re new to L.A. Town. You’ll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs!
When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available.
If you are an absentee owner, you’ll need someone to handle all the details that you can’t handle remotely. That’s where I come in – I’m there when you can’t be. I also specialize in lease property in Los Angeles.
Westside Los Angeles Real Estate, including, but not limited to:
For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.
Jane Peters, connecting you to the L.A. real estate scene
Buying or selling real estate in Los Angeles can be an overwhelming process. Contact Jane Peters, Los Angeles realtor specializing in absentee owners, out of town buyers, and those who need that extra attention, in order to make the transaction a smooth, trouble-free, and fun experience.
Wonderful, wonderful Q & A on the Wilshire Cooridor rental units. Love it! You are, indeed, the agent who has the answers. Folks that are looking to rent along the Wilshire Cooridor will do themselves a favor and get in direct touch with you.
Q: Who is a wonderful agent representing out-of-state owners of rental property?
A: Jane Peters
Q: Who is a great rental agent to call for Wilshire Coordidor rental units?
I'm sure that some people will be surprised at your answers. You mean I can't bring my doperman attack dog with me, and I only want a 4 month lease, because I may not like it.
I get those questions on a regular basis, and you know what I say.
A Los Angeles Realtor® specializing in absentee owners, out-of-town buyers and those needing extra assistance with one of the most important transactions of their lives. Just sit back and relax! You are in capable hands.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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15 Comments on Wilshire Corridor Condos, Some Questions and Answers
Jane,
This is wonderful information for individuals with interest in the Wilshire Corridor.
Pamela, thank you.
WOW JANE!!! This is a fantastic and informative post! I read it top to bottom and back again. I especially liked that you considered PETS.
janeAnne, I am impressed, top to bottom and back :)
Jane - Great Q&A. I had no idea that at the full service buildings had valet services and they would park your car for you. Now that's luxury living!
Laura, it sure is. They take your packages up for you too.
Wonderful, wonderful Q & A on the Wilshire Cooridor rental units. Love it! You are, indeed, the agent who has the answers. Folks that are looking to rent along the Wilshire Cooridor will do themselves a favor and get in direct touch with you.
Q: Who is a wonderful agent representing out-of-state owners of rental property?
A: Jane Peters
Q: Who is a great rental agent to call for Wilshire Coordidor rental units?
A: Jane Peters
Carla, I am blushing :)
Jane ~ I am sure that these questions come up quite often. Now they can find the best way to get the answers they want.
I'm sure that some people will be surprised at your answers. You mean I can't bring my doperman attack dog with me, and I only want a 4 month lease, because I may not like it.
I get those questions on a regular basis, and you know what I say.
Great questions and answers on the Wilshire Corridor Condos. The amenities sound AMAZING!
Hope you have a great day!
Great Q&A! So interesting to see how it differs from us!
Joan, they do indeed.
Larry, no, tell me :)
Shannon, thank you. You too.
Patty, as we know, real estate is local :)
Great idea Jane to answer frequently asked questions all in one blog. This is very useful information for tenants!
Al & Peggy, thank you.