Wilshire Corridor Condos, Some Questions and Answers

By
Real Estate Agent with Power Brokers Int'l BRE# 01439865

I field many requests from people looking for Wilshire Corridor rentals, so I would like to answer some common questions I receive.

The Wilshire Corridor consists for the most part of high-rise condominium buildings, each unit being Wilshire Corridor Q & Aowned 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 Carlyle for $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.

Wilshire Corridor Rentals

Showing properties 1 - 25 of 41. See more Wilshire Corridor Condos for Lease
(all data current as of 9/5/2012)

  1. 2 beds, 2.0 baths
    Home size: 1,459 sq ft
    Lot size: 17,623 sqft
    Year built: 1962
    Days on market: 1
     
  2. 2 beds, 2.0 baths
    Home size: 974 sq ft
    Year built: 1972
    Parking spots: 2
    Days on market: 1
     
  3. 4 beds, 5.0 baths
    Home size: 5,499 sq ft
    Lot size: 18,523 sqft
    Year built: 1981
    Parking spots: 4
    Days on market: 2
     
  4. Photo of 10660 WILSHIRE, Unit 506, Los Angeles, CA 90024 (MLS # 12622331)
    2 beds, 3.0 baths
    Home size: 1,800 sq ft
    Lot size: 36,886 sqft
    Year built: 1980
    Days on market: 5
     
  5. Photo of 10800 WILSHIRE BLVD, Unit 303, Los Angeles, CA 90024 (MLS # 12621963)
    3 beds, 3.5 baths
    Home size: 3,270 sq ft
    Year built: 2006
    Parking spots: 2
    Days on market: 6
     
  6. Photo of 10445 WILSHIRE BLVD, Unit 1506, Los Angeles, CA 90024 (MLS # 12621939)
    2 beds, 2.0 baths
    Home size: 1,722 sq ft
    Year built: 1980
    Parking spots: 2
    Days on market: 6
     
  7. Photo of 10535 WILSHIRE, Unit 1606, Los Angeles, CA 90024 (MLS # 12621023)
    2 beds, 2.0 baths
    Home size: 1,088 sq ft
    Lot size: 1.21 ac
    Year built: 1978
    Parking spots: 2
    Days on market: 10
     
  8. Photo of 10560 WILSHIRE, Unit 1604, Los Angeles, CA 90024 (MLS # 12620709)
    2 beds, 2.5 baths
    Home size: 1,787 sq ft
    Lot size: 41,093 sqft
    Year built: 1982
    Days on market: 14
     
  9. Photo of 10800 WILSHIRE BLVD, Unit 1103, Los Angeles, CA 90024 (MLS # 12620339)
    3 beds, 3.5 baths
    Home size: 3,280 sq ft
    Year built: 2005
    Parking spots: 2
    Days on market: 15
     
  10. Photo of 10520 WILSHIRE BLVD, Unit 1201, Los Angeles, CA 90024 (MLS # 12620291)
    2 beds, 2.0 baths
    Home size: 1,407 sq ft
    Lot size: 31,569 sqft
    Year built: 1989
    Parking spots: 2
    Days on market: 15
     
  11. Photo of 10787 Wilshire 702, Los Angeles, CA 90024 (MLS # S709064)
    3 beds, 3 full, 2 part baths
    Home size: 1,459 sq ft
    Year built: 1962
    Parking spots: 4
    Days on market: 20
     
  12. Photo of 10535 Wilshire Boulevard #1410, Los Angeles, CA 90024 (MLS # F12103497)
    2 beds, 2 full baths
    Home size: 1,088 sq ft
    Lot size: 1.21 ac
    Year built: 1978
    Parking spots: 4
    Days on market: 20
     
  13. Photo of 10724 WILSHIRE BLVD, Unit 1508 PH, Los Angeles, CA 90024 (MLS # 12617941)
    3 beds, 4.0 baths
    Home size: 2,943 sq ft
    Lot size: 1.16 ac
    Year built: 1989
    Days on market: 31
     
  14. Photo of 10535 WILSHIRE, Unit 705, Los Angeles, CA 90024 (MLS # 12617301)
    2 beds, 2.0 baths
    Home size: 1,088 sq ft
    Lot size: 1.21 ac
    Year built: 1978
    Parking spots: 1
    Days on market: 33
     
  15. Photo of 10535 WILSHIRE, Unit 1206, Los Angeles, CA 90024 (MLS # 12617181)
    2 beds, 2.0 baths
    Home size: 1,100 sq ft
    Year built: 1978
    Parking spots: 2
    Days on market: 33
     
  16. Photo of 10724 WILSHIRE, Unit 704, Los Angeles, CA 90024 (MLS # 12617073)
    1 bed, 1.5 baths
    Home size: 1,088 sq ft
    Lot size: 1.16 ac
    Year built: 1989
    Days on market: 33
     
  17. Photo of 10550 WILSHIRE, Unit 702, Los Angeles, CA 90024 (MLS # 12616407)
    2 beds, 2.5 baths
    Home size: 2,146 sq ft
    Year built: 1981
    Parking spots: 2
    Days on market: 36
     
  18. Photo of 10450 WILSHIRE BLVD, Unit 6J, Los Angeles, CA 90024 (MLS # 12615881)
    3 beds, 2.5 baths
    Home size: 2,064 sq ft
    Year built: 1961
    Parking spots: 2
    Days on market: 38
     
  19. Photo of 10535 WILSHIRE, Unit 1604, Los Angeles, CA 90024 (MLS # 12615859)
    2 beds, 2.0 baths
    Home size: 1,100 sq ft
    Year built: 1978
    Parking spots: 2
    Days on market: 38
     
  20. Photo of 10701 WILSHIRE, Unit 606, Los Angeles, CA 90024 (MLS # 12615923)
    2 beds, 2.0 baths
    Home size: 1,492 sq ft
    Lot size: 18,364 sqft
    Year built: 1964
    Days on market: 40
     
  21. Photo of 10350 WILSHIRE, Unit 1604, Los Angeles, CA 90024 (MLS # 12615377)
    2 beds, 3.0 baths
    Home size: 2,352 sq ft
    Year built: 1982
    Parking spots: 2
    Days on market: 41
     
  22. Photo of 10727 WILSHIRE, Unit 305, Los Angeles, CA 90024 (MLS # 12614223)
    1 bed, 2.0 baths
    Home size: 1,776 sq ft
    Lot size: 37,846 sqft
    Year built: 2001
    Parking spots: 2
    Days on market: 48
     
  23. Photo of 875 COMSTOCK AVE, Unit 14D, Los Angeles, CA 90024 (MLS # 12613857)
    3 beds, 3.0 baths
    Home size: 1,937 sq ft
    Lot size: 362 sqft
    Year built: 1961
    Parking spots: 2
    Days on market: 50
     
  24. Photo of 10433 WILSHIRE BLVD, Unit 1008, Los Angeles, CA 90024 (MLS # 12613395)
    1 bed, 1 full, 1 part baths
    Home size: 1,105 sq ft
    Parking spots: 1
    Days on market: 50
     
  25. Photo of 10433 WILSHIRE, Unit 702, Los Angeles, CA 90024 (MLS # 12613193)
    2 beds, 2 full, 1 part baths
    Home size: 1,418 sq ft
    Lot size: 31,460 sqft
    Year built: 1963
    Parking spots: 2
    Days on market: 51
     

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

 

 

 


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Rainmaker
225,303
Pamela Smith
Long Realty West Valley - Sun City West, AZ
Sun City West, Corte Bella, Sun City Grand

Jane,

This is wonderful information for individuals with interest in the Wilshire Corridor.

Sep 05, 2012 02:58 PM #1
Rainmaker
920,239
Jane Peters
Power Brokers Int'l - Los Angeles, CA
Connecting you to the L.A. real estate scene

Pamela,  thank you.

Sep 05, 2012 03:02 PM #2
Ambassador
749,203
ASHEVILLE 1031 PROPERTIES RESOURCES & REFERRALS
Asheville 1031 REFERRING BROKERAGE - Asheville, NC
Tell Us What Is Most Important to 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.

Sep 05, 2012 04:44 PM #3
Rainmaker
920,239
Jane Peters
Power Brokers Int'l - Los Angeles, CA
Connecting you to the L.A. real estate scene

janeAnne,  I am impressed, top to bottom and back :)

Sep 05, 2012 04:47 PM #4
Rainmaker
692,353
Laura Allen, Lake Tahoe - Truckee Real Estate for Sale www.TahoeLauraLuxuryHomes.com
Coldwell Banker, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

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!

Sep 05, 2012 05:27 PM #5
Rainmaker
920,239
Jane Peters
Power Brokers Int'l - Los Angeles, CA
Connecting you to the L.A. real estate scene

Laura, it sure is.  They take your packages up for you too.

Sep 05, 2012 05:31 PM #6
Rainmaker
1,334,996
Carla Muss-Jacobs, Principal Broker/Owner
BuyersAgentPortland.com | (503) 810-7192 Portland Metro Exclusive Buyers Agent | 100% Buyer Representation ~ 100% o... - Portland, OR
Buyer Focused ~ Buyer Results

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

Sep 05, 2012 05:43 PM #7
Rainmaker
920,239
Jane Peters
Power Brokers Int'l - Los Angeles, CA
Connecting you to the L.A. real estate scene

Carla,  I am blushing :)

Sep 05, 2012 06:07 PM #8
Rainmaker
1,121,859
Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

Jane ~  I am sure that these questions come up quite often.  Now they can find the best way to get the answers they want.

Sep 05, 2012 07:37 PM #9
Rainmaker
753,979
Larry Brewer
Benchmark Realty LLc - Nashville, TN
Nashville Real Estate

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.

Sep 06, 2012 05:06 AM #10
Rainmaker
414,912
Shannon Milligan, Richmond VA Real Estate Agent
RVA Home Team - Richmond, VA
RVA Home Team - Winning with Integrity.

Great questions and answers on the Wilshire Corridor Condos. The amenities sound AMAZING!

Hope you have a great day!

Sep 06, 2012 05:08 AM #11
Rainmaker
488,116
Patty Da Silva, Davie, Southwest Ranches Cooper City, Plantation, Weston, REALTOR
BROKER of Green Realty Properties® - 954-667-7253 - Davie, FL
Top Listing Broker

Great Q&A! So interesting to see how it differs from us!

Sep 06, 2012 07:58 AM #12
Rainmaker
920,239
Jane Peters
Power Brokers Int'l - Los Angeles, CA
Connecting you to the L.A. real estate scene

Joan,  they do indeed.

Larry,  no, tell me :)

Shannon,  thank you.  You too.

Patty, as we know, real estate is local :)

Sep 06, 2012 09:33 AM #13
Rainmaker
1,232,426
Al & Peggy Cunningham Brokers, Brampton Ontario Homes For Sale 905-450-5500
RE/MAX Realty Services Inc. - Brampton, ON

Great idea Jane to answer frequently asked questions all in one blog. This is very useful information for tenants!

Sep 06, 2012 05:37 PM #14
Rainmaker
920,239
Jane Peters
Power Brokers Int'l - Los Angeles, CA
Connecting you to the L.A. real estate scene

Al & Peggy,  thank you.

Sep 06, 2012 07:05 PM #15
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Rainmaker
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Jane Peters

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