Los Angeles' Newly Hip Downtown For Rent Only

Welcome to the 'new' downtown Los Angeles, where it's hip to rent a trendy converted loft in an historic building.

1 minute read

April 14, 2003, 12:00 PM PDT

"While developers and real estate experts predict the downtown residential market will eventually mature to become a mix of rental and for-sale properties, if you want to live in what is being called the "new" downtown, at least for now, you're going to have to rent... Why? Tax incentives for creating rental housing out of historic buildings, government subsidies for developing affordable rental housing and a skittishness by investors to bankroll a for-sale project in an unproven residential downtown, especially one that flat-lined during the recession of the 1990s."

Thanks to Laura Kranz

FULL STORY: Buying into L.A.

Sunday, April 13, 2003 in The Los Angeles Times

Housing California

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