Looking at luxury Marina del Rey apartments? Better open up that wallet! A new report from Apartments.com shows that Marina del Rey is the third most expensive place to rent in L.A. No. 1 on the list is right next door in Venice, further cementing the idea that buying a new condo in Marina del Rey is a smart move.
“It seems like Marina Del Rey residents are paying top dollars for the sunshine tax,” said Patch. “According to the report, Marina Del Rey residents pay an average of $3,640 a month for a two-bedroom apartment. The highest rent in the Southland is nearby Venice with $5,200.”
Zillow’s list of the most expensive apartments in Marina del Rey show Esprit at $11,991 per month and Marina City Drive, a private condo for rent, at $8,900. Scroll through the apartments in Marina del Rey and you’ll see unit after unit whose monthly cost tops $3,000—even for the smallest living space. Marina del Rey apartments at Stella start at $3,766 for just over 1,000 square feet and go up to $7,350. You’re looking at $4,700 for a two-bedroom apartment at Waves MDR and up to $5,065 for a two-bedroom at Forty55 Lofts. Esprit’s two-bedroom units start at $4,273, while its most expensive apartment is $13,096.
Some of these luxury apartments in Marina del Rey offer high-end features and finishes. What they don’t offer is any opportunity for equity growth, or any tax advantages, which is why Westside residents (or those who want to be), are looking for better alternatives to renting on the Westside.
X67 Lofts, now under construction walking distance to the beach and Abbot Kinney and selling in its first phase, is the obvious answer for Silicon Beach real estate buyers, families, and those who are buying a second home on the Westside. If you thought you were stuck being a renter, you might be surprised at what you can buy at X67 lofts, with monthly payments comparable to luxury rentals in The Marina, Venice, and Playa del Rey areas.
X67 Lofts allows you to stop paying rent in Marina del Rey apartments and start investing in your own future through new home ownership. Interest rates that are near record lows make buying a new condo in Marina del Rey even more attainable.
Not sure how the numbers line up for you? SmartAsset has a very cool tool that will allow you to do a line-for-line comparison between renting and buying. The one thing it doesn’t take into account is the tax advantages of buying real estate, including write-offs for mortgage interest, property taxes, private mortgage insurance, and points you paid on your loan, which can amount to thousands of dollars in savings.
Buying a new condo on the Westside
X67 Lofts offers 67 contemporary new loft-style new homes for sale on the Westside with 15 uniquely designed floorplans ranging from 759–1,906 square feet and high-end features and finishes including gourmet kitchens with center islands with eating bar (per plan), KitchenAid® stainless steel appliances, frameless European-style cabinetry, and Caesarstone® countertops.
The community’s ideal location is within walking distance to the beach, Abbot Kinney, and many of the hot tech shops. But if you choose not to leave, you can spend your time using the resort-style amenities including a dipping pool with cabana-style seating, fitness room, and community room.
For more information about moving to Marina del Rey or owning a new condo near the beach, visit X67 Lofts. You can also add your name to the interest list here to make sure you are kept up to date on sales and phase releases.