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Unread 07-29-2010, 04:30 AM
 
2 posts, read 5,029 times
Reputation: 10
Default Is $2500/month rent to much to pay?

We (me, wife and 2.5 year old daughter) are moving to the LA area end of next month. I have a new job that pays $110k/year. We are looking for a place to live in the following areas: El Segundo, Redondo Beach, and Torrance. For the type of housing that meets our needs, it will cost us $2500/month in rent. Are we paying too much for rent?
Thanks.
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Unread 07-29-2010, 05:12 AM
Status: "NO time for this ...too much work to do!" (set 3 days ago)
 
1,622 posts, read 995,689 times
Reputation: 645
I feel like I just read this about a month or so ago. Go back a little and search b/c I think that one got a lot of responses. There's some info on El Segundo, too. That should give you a good start.
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Unread 07-29-2010, 09:07 AM
 
Location: SLC, UT, Ketchum, ID, Southern Cal.
3,151 posts, read 3,699,498 times
Reputation: 1506
Sounds about right ... hard to answer when we don't know what type of living arrangement you're getting for $2.5k.

It could either be a not-so-great deal on a 1 bedroom or a bitchin' deal on a house. Or anything in between.
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Unread 07-29-2010, 02:49 PM
 
Location: East Hollywood
3 posts, read 4,280 times
Reputation: 10
Depends on which neighborbhood. El Segundo is more industrial and cheaper. Redondo Beach will be more expensive. And like 1200RT mentioned, depends on the type of place it is: condo/apt/house? new building with central air, etc? parking?
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Unread 07-29-2010, 03:29 PM
 
Location: Living on the Coast in Oxnard CA
9,500 posts, read 11,419,144 times
Reputation: 10885
If the housing meets your needs, you like the place you are moving too, and can afford it (with your income you can anyway.) then what would be the problem? You could find less expensive places, but would they meet your needs? You could live in another area and have a long commute, but would that meet your needs? If the place you live is near the place you work and you like it then it seems that would be perfect for you. An example that I can give you from Oxnard, about 60 miles up the coast, is that for $2,500 a month you can rent a nice 4 bedroom home. You could also rent a 2 bedroom 1 bath apartment for $1,300 a month. Which one of those would meet your needs?
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Unread 07-30-2010, 05:40 AM
 
2 posts, read 5,029 times
Reputation: 10
Thanks for all the response guys. We are looking for a single family home or townhome with 2 or 3 bedrooms. I will be working right next to the Hawthorne Municipal Airport.
A different question. We just found 2 homes that that meet our needs and close to work but they are technically in Hawthorne but on the west side of I-405 (Del Aire area?).

5355 West 126th Street, Hawthorne CA - Trulia

13413 Glasgow Place, Hawthorne CA - Trulia

Is the above area a safe neighbourhood? From Google Street View, it looks like a nice clean area except that its so close to I-405.

PS. I have been told to avoid Hawthorne.
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Unread 07-30-2010, 07:55 AM
 
Location: SLC, UT, Ketchum, ID, Southern Cal.
3,151 posts, read 3,699,498 times
Reputation: 1506
Personally I would avoid Hawthorne - but there are decent spots. I cannot comment on those though.
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Unread 07-30-2010, 10:14 AM
 
1,465 posts, read 2,367,238 times
Reputation: 776
Go to Rentometer-Get House and Apartment Rental Comps by Entering an Address and plug in the address and see what some rents around there are going for.
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Unread 07-30-2010, 09:37 PM
 
Location: Mt Washington: NELA
1,153 posts, read 1,814,286 times
Reputation: 608
If there are decent spots, why would you avoid Hawthorne without knowing what areas are being considered?

Quote:
Originally Posted by 1200RT View Post
Personally I would avoid Hawthorne - but there are decent spots. I cannot comment on those though.
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Unread 07-30-2010, 09:44 PM
 
Location: SW MO
17,543 posts, read 13,174,445 times
Reputation: 14862
Quote:
Originally Posted by MovingToLAfromMI View Post
We (me, wife and 2.5 year old daughter) are moving to the LA area end of next month. I have a new job that pays $110k/year. We are looking for a place to live in the following areas: El Segundo, Redondo Beach, and Torrance. For the type of housing that meets our needs, it will cost us $2500/month in rent. Are we paying too much for rent?
Thanks.
Shaking my head! That's three times what we pay in mortgage and impounds for a house we own on the shore of a large, beautiful lake. Amazing, and sad!
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