What could be wrong with this cheap studio in Studio City? (apartments, renters)

[jackie100]

I've been reading this forum a lot in doing research (moving to L.A) and lots of people have said that if you want to spend under $1k that there will be something wrong with the place and will most likely be in a bad neighborhood.

I know that Studio City is an expensive and upscale area. However, I found a studio that is really cheap, it's under $1k. I already went there in person to check it out and in my opinion, it is nice and I couldn't find anything wrong with it. It comes with a fridge and you can leave it furnished or have the furniture taken out and yes, I saw the exact model that I would be renting. Some people may think that it's small (it's around 370 square feet) but that's really all I need. There is just one washer and dryer for the complex but it isn't a huge complex and I can do mine doing the weekdays so it's no big deal to me. I don't wash my clothes a whole lot.

I drove around the area and didn't see anything wrong. It's located around the 101 and Coldwater and .5 miles away from Ventura.

Does that sound about right, under 1k for a small studio in Studio City? What could be wrong with it? I went there and it looked good to me. However, everyone on the board says that you can't find a good deal for under $1k and that you better get a roommate for that price... ? There are no reviews on apartmentratings and such because it is a smaller place. However, to me it looked clean and nice. Very nice actually. What could be the catch? Is that a normal price for a studio there?

[meowkellycat]

Rental prices have gone down in the valley. I just rented a 1-bedroom in Tarzana for just $890, and I know some of the neighbors who have been living in the complex for a while are paying more for the same size apartment. Plenty of buildings are offering major incentives to new renters who move in (i.e., a month of free rent, etc)

I'm sure the low price on your studio is just because of the small size--370 square feet is pretty tiny! There ARE apartments for under $1000, but you'll need to compromise somewhere, whether it's on size, or getting an older/less modern building, or fewer amenities, or location.

Good luck!

[jackie100]

Originally Posted by meowkellycat

Rental prices have gone down in the valley. I just rented a 1-bedroom in Tarzana for just $890, and I know some of the neighbors who have been living in the complex for a while are paying more for the same size apartment. Plenty of buildings are offering major incentives to new renters who move in (i.e., a month of free rent, etc)

I'm sure the low price on your studio is just because of the small size--370 square feet is pretty tiny! There ARE apartments for under $1000, but you'll need to compromise somewhere, whether it's on size, or getting an older/less modern building, or fewer amenities, or location.

Good luck!

I guess the only thing wrong with this is size but it's a good size for me. I don't need a lot of room, it's big enough for me. As far as I can tell there is nothing wrong with the location.

[30STM]

i rented a studio for 850 a year an a half ago . just consider yourself lucky to find this.

[VLWH]

Originally Posted by jackie100

I guess the only thing wrong with this is size but it's a good size for me. I don't need a lot of room, it's big enough for me. As far as I can tell there is nothing wrong with the location.

The area described is very nice and the price reflects the size of the unit. also, people usually pay more for other amenities that a larger complex provides, such as a pool, gym, etc.. I actually prefer a smaller complex because of the quieter atmosphere.