Special offer

Renting on the Wilshire Corridor, What are the Benefits?

By
Real Estate Broker/Owner with Home Jane Realty BRE# 01439865

I often get contacted by people looking rent on the Wilshire Corridor, and sometimes feel there is a misconception of what living on the Corridor is.

Renting on the Wilshire Corridor

The Corridor is not a neighborhood, it is an approximately two-mile stretch of Wilshire Blvd. consisting of condo and apartment buildings, beginning at Malcolm Ave and ending at Comstock Ave., and its draw is the high-end, full-service buildings contained therein. 

However, all things are not equal on The Corridor. These are some of the facts you should take into consideration:

Plusses

  • If you are able to afford the rent, living in a full-service high rise is the height of luxury. 24/7 concierge and valet and all the amenities you need.
  • You will be treated the same as the owner of the unit. Your guests will be able to valet park, your packages will be delivered to your door, you will be able to use the conference room for meetings, etc.
  • The security is second to none.
  • Depending on the floor you may have some spectacular views.

Minusses

  • If you are on the Wilshire side of the building, especially if you are on a lower floor, then there is going to be significant noise with the windows open, and if they are not double-paned it will be noisy inside .
  • If you have a large pet, or more than one, you may not be able to rent in the building.
  • Leases on the Corridor are for a minimum of one year. No short-term.
  • You are looking at an average of about $4,500 per month for a two bedroom in a full-service building.

There are areas close to The Corridor, South of Wilshire and West of the 405 where you are going to pay a little less and still be in the same general neighborhood. Bottom line, if you don't need all the amenities then you may want to check out areas around the Corridor.C for rent on the Wilshire Corridor

Condos for rent on the Wilshire Corridor

[idx-listings linkid="165916" count="15" showlargerphotos="true"]

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

 

Comments(10)

Norma Toering Broker for Palos Verdes and Beach Cities
Charlemagne International Properties - Rancho Palos Verdes, CA
Palos Verdes Luxury Homes in L.A.

Jane - Good information for those interested in leasing in the Wilshire area.  Prices aren't cheap but those amenities do make life easier.

May 07, 2014 06:20 AM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Norma, they are a nice touch.

May 07, 2014 07:13 AM
Kristin Hamilton CA REALTOR
Berkshire Hathaway California Realty - Beaumont, CA
(909) 557-6966- Specialize 55+ Communties Banning

Sounds like a nice place to move if you are looking for luxury amenities and do not want to buy.

May 08, 2014 12:29 AM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Kristin, or can't afford to right now...

May 08, 2014 05:00 AM
Kristin Hamilton CA REALTOR
Berkshire Hathaway California Realty - Beaumont, CA
(909) 557-6966- Specialize 55+ Communties Banning

Hi Jane,

Yes true some people rent instead of buying. Many prefer to be able to get up and go or their companies pay them while they are living here too. It is a nice area and conveniently located. Buyers can find a condo here to buy and rent so everyone wins too. Love the area! 

May 08, 2014 06:14 AM
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Jane - Excellent information about renting on the Wilshire Corridor.

May 08, 2014 09:59 AM
Wayne Johnson
Coldwell Banker D'Ann Harper REALTORS® - San Antonio, TX
San Antonio REALTOR, San Antonio Homes For Sale

Jane-Nice profile of the Wilshire Corridor. I imagine the upper floors have some great views.

May 08, 2014 01:01 PM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Kristin, the HOAs are so high also that sometimes renting, at least to start, makes sense

Michelle, thank you very much.

Wayne, they do indeed.

May 09, 2014 05:36 AM
Rebecca Gaujot, Realtor®
Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Jane, it boggles my mind to see that much for rent, but know it is the location of the property, plus the amenities.

May 10, 2014 08:00 AM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Rebecca, that it is.

May 10, 2014 01:07 PM