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Cam, what happened about a year and a half ago is that the West LA rental market sagged, since everyone who could buy a house did buy a house. The market is back, now.
I don't know about you Kisis, but us Angelenos pay 1.3% property tax per year, so there's another $500 a month 'load' on the cost of providing that space as a rental.
LA's rental market is way out of sync because so many people have paid off their rentals 20-30 years ago.
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