Much ink has been spilled about housing affordability in Los Angeles. According to a recent study by the UCLA Ziman Center for Real Estate, Los Angeles is the most unaffordable rental market in the United States. The report said 54% of renters in Los Angeles, which boasts the largest share of renters versus owners in the country, spend at least half of their income on rent, a category UCLA refers to as “severe rent burden.” Not good news for renters.
Profiled in this piece is River Ranch Apartments, a 397-unit multifamily project undergoing a multimillion dollar renovation. In the last two years, we renovated interior units with new cabinetry, stone countertops, new light fixtures and the well-received addition of washers and dryers. And we just finished the barbecues, a children’s play area, outdoor lounge furniture, fire pits and a dog run. It all looks amazing!
Are you a renter being priced out of quality housing in Southern California? Check out our many rental properties in great locations all across the greater LA area.