Moving to LA

Moving to LA for work. Planning on living in a cheaper area drivable (20-30 minutes) to the office (800-1200 a month, crazy that is considered cheap in LA). I heard that while public transport in LA is improving, it ultimately is best to have a car in the area. I was thinking about leasing a Jeep Wrangler Sport as I love going off roading/exploring public parks with my friend in his Jeep and would need a car to commute. I know there are definitely far better options out there such as a rav4, cx5, crv that would allow me to commute to the office a lot smoother, but I am interested in the other capabilities of a wrangler. Would it be sensible to lease this car or would I be better off getting a cheaper, more reliable daily driver .

Note: I have a job that I expect to earn 2-3k from before tax during the spring semester on top of my current savings to help subsidize the cost prior to starting work so finances are not really an issue. I also do not intend to live in LA for more than 2-3 years so I am not considering buying a car

 

Hello everyone, OP here, thank you for your comments

I mistyped my expected budget as 800-1200, actually meant 1200-1600 with roommates, minor brain fart there. 

I also underestimated driving time as I am from NYC so it definitely was something I did not consider fully. 

In regards to my budget itself, I am pretty flexible due to some disciplined saving/investing throughout college so I am interested in getting a car that is both fun/great to drive but also efficient. My office is in Century City so what would be the best areas to live in that could fall in 1200-1600 with 1-2 roommates. 

 

LA is so spread out without knowing where your work is located there isn't much anyone can say. Is it Downtown? Santa Monica? Mid-Wilshire? The Valley (lol)?

As for the car, you are definitely going to want one. Public transit might be able to take you to and from work if you line it up correctly, but otherwise if you want to do anything else you'll need a car. Downtown, Santa Monica, Silver Lake and a few other neighborhoods are a bit walkable, closer to the east coast cities, but still won't encompass everything you'll want to do. 

And $800-1,200 will be exceedingly difficult if you want to live within 20 minutes of a business district where your work is. Definitely need to roommate up if that's your budget. 

 
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Ok... let me tell you something. I'm sorry to say this but your idea of how life in LA will be is way way off.

Don't let me get you down, the city is really cool (before covid at least it was awesome), but I'll let you know where you expectations will not be met.

  • Don't know where you're working but if it's downtown, century city, beverly hills, or west LA - there is no cheap apartment with a 20-30 minute commute. It used to take me an hour to get to santa monica from west hollywood. 
  • $800 -$1,200 / month is unrealistic if you don't want to share a bedroom. It's also unrealistic for your commute time. If you find an apartment in that range, it will be in an unsafe area. Your best bet is a 3 br, which is where you'll get the cheapest rent
  • public transportation sucks. The metro is mostly homeless people and it's really nasty. It'll get you to where you need to go though and it's cheap, so if you can't afford a car, it will work. But it's definitely not getting better
  • There is no off-roading or exploring in LA, lease a pre-owned 3 series like everyone else. Also, I looked into leasing jeeps. Jeeps are terrible to lease because they assume the residual value to be much lower than other brands due to how many jeep users do go offroading and cause significant wear and tear on the car during their ownership. 
 

As others have pointed out- I have a few questions in mind for you (I’ve grown up in SoCal and live in Century City currently). 
 

1. Where exactly do you work? I would guess somewhere around Century City/ Westwood. In which case, you’re much better off living near UCLA campus where there’s relatively cheap housing designed for roommates. That still blows your budget up unfortunately. You could look into Culver City, or near Ladera Heights if you get gated parking. You’ll most certainly need a roommate, if not 2-3 roommates to help bring expenses down. 
 

2. I’m always against balling out on cars unless you really are fine financially. I think the extra money being spent on living comfortably in a nicer apartment or better experiences moves the happiness needle a lot more than a car. Also don’t off road in a lease, you’re just going to incur more costs than what it’s worth (which kind of defeats the purpose of leasing a Jeep anyway). Lease a Camry or Accord, it’s the best bang for your buck on a budget. 
 

3. Off roading is possible out here, just a pain to get to (not impossible though). But personally, I’d be much happier in a nicer apartment- more dinners- less commute time and going hiking (there’s tons of hiking out here) rather than the occasional off roading trip. 

“The three most harmful addictions are heroin, carbohydrates, and a monthly salary.” - Nassim Taleb
 

Hi, OP here, meant to write 1200-1600 for rent with roommates ( minor brainfrat there), I am originally from nyc so I def underestimated the drive time as you said. Office is in century city. I have a little bit of flexibility with a car due to some disciplined saving/budgeting in college. 

 

I'd lean towards one of your alternatives that are more reliable, you'll be spending more time in your car getting places so ideally something that won't cost so much to maintain regularly, plus good on gas and low insurance. I'd also even suggest maybe even buying something used a couple years old. It's cheap to borrow right now, and you could always sell the car when you move out of the area. The cost of leasing over two to three years, plus what ever overages they charge in mileage, could end up being more than what it costs to buy. You could also ship your car if you move back east too.

 

Since you've said you're coming from nyc, as a guy who grew up in CA and moved to NY, I'd say you're probably looking to be on the beachier side of LA as opposed to some rathole in the the valley. With that being said, I'd fully expect to pay 1600+ as you suggested in your previous comments if you want to live in a safe and desirable area. Assuming you're not working in banking as your profile suggests, you'll probably have a decent amount of time spent outside the office and by default in your home/neighborhood so I'd think real carefully about where you stay. Also, and I'm not sure about now during covid, as a car guy LA is great to see sick cars but I'd probably not expect to do any kind of lifestyle driving there given the traffic and general lack of off-road trails which would appeal to you given your penchant for jeeps. Would divert funds dedicated to the jeep to getting a higher rent budget and getting a low maintenance car so that you can really enjoy your time outside of work in LA and not worry about having something inefficient which doesn't quite fit that lifestyle

 

Unrelated to OP, but as someone interested in making the move to LA from NYC, just how much is rent in LA? Curious how much a smallish 1-bedroom would cost in a decent area / not too far from an office in century city area? Would $1,800 - $2,000 a month in rent be unrealistic for something like that for a 1-bed with no roommates?

Would appreciate any insight.

Array
 

Appreciate the insight, that's good to hear. Separately, how has the adjustment to LA from NYC been? Curious on your thoughts as I'm looking to make the move as well as I'm a bit tired of the NYC lifestyle. Thanks.

Array
 

I spent $2,250 a month for a spacious 1 bedroom in Beverly Hills. The neighborhood was great, so that’s what I paid for. I moved to Century City to upgrade to a 2 bedroom that’s a lot nicer as well (my wife and I both WFH right now), I pay $2,900 a month for it. Here’s a photo I took from my rooftop  

Rooftop

“The three most harmful addictions are heroin, carbohydrates, and a monthly salary.” - Nassim Taleb
 

Malta

I spent $2,250 a month for a spacious 1 bedroom in Beverly Hills. The neighborhood was great, so that's what I paid for. I moved to Century City to upgrade to a 2 bedroom that's a lot nicer as well (my wife and I both WFH right now), I pay $2,900 a month for it. Here's a photo I took from my rooftop  

Rooftop

I thought LA was supposed to be super expensive

heister: Look at all these wannabe richies hating on an expensive salad. https://arthuxtable.com/
 

It looks like you work in asset management, will you be working market hours? I lived in Venice and worked in Century City, but my schedule was 5:30AM - 2PM and the commute was a breeze. If you are working a 9-5 Pacific Time, I would not recommend living west of the 405. Culver City, Palms, Westwood, or Beverly Hills would be your best bets.

Personally, I would pick Culver City if I was going to do LA again-- it's already a fine place to live but it is moving up in the world quickly. There is a bunch of new development and Apple has built new offices there and HBO is moving their HQ to a new site in  Culver. Also 100 Thieves has their Cash App compound nearby and NFL Network is there although they are supposedly leaving for Inglewood at some point. Also, Beverly Hills isn't bad. Perhaps to folks outside LA that sounds ridiculous, but the zip codes 90211 & 90212 are not really any more expensive than any other nice part of LA.

One thing to note: Most of LA is really suburban and some parts can be really sleepy (more than you expect). If you are interested in more of a "city-living" vibe, I would recommend WeHo, Fairfax, Miracle Mile. It's not going to be nearly as convenient, but it will feel more, not really, but relatively more like living in NYC/Chi/SF/Boston. KTown or DTLA would be the closest thing to true city urban in LA, but those would be diabolical commutes. Again, if you are working market hours, you may see way more flexibility in your options because you don't have to worry about traffic.

 

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