Would you pay $4250 a month for an apartment on the 101 in Universal City?
My first post on Metblogs was back on October 3rd, 2007 regarding the exciting new development known as Universal Lofts.
You want to live so close to the 101 that you can deliver Otter Pops to idle commuters on a warm California afternoon. So functional. So convenient. So affordable, starting in the $900s.
My, how times have changed. Curbed is reporting that Universal Lofts has gone rental. In the real estate world, this is what happens when no one buys into a shitty project because it’s too expensive. And too shitty. And too cinder-blocky and expensive and theme park adjacent.
I’ve never quiet grasped the concept of building new industrial “live/work” lofts that resemble old industrial buildings that have been renovated into new lofts. But, it’s there, and it’s now available for your entire extended family of 9 to share.
Let’s do the math: For a family of 9, each individual would be responsible for $467 a month. Not bad, Holmes.