Priced out of Los Angeles’ red-hot housing market, some prospective homebuyers are opting instead to rent larger apartments that can accommodate their changing lifestyle needs.

A 2,681-square-foot condominium at Pendry Residences West Hollywood sold for $13 million, reaping $4,849 per square foot — $900 more than the previously-held record.

The Los Angeles housing market posted strong sales gains across all price tiers during the second quarter of 2021, but the number of multi-million dollar transactions in the high-end and luxury segments soared exponentially.

Sales will be launching soon, and the interest list is now forming.

“Geographical proximity, the presence of family and friends, and the tech sector jobs in California are the factors that are likely driving Chinese buyers to purchase property in California,” wrote NAR Research Economist Scholastica “Gay” Cororaton.

Designed by SHoP Architects, the mixed-use development would be surrounded by more than 30,000 square feet of public open space, including a pedestrian plaza.

Construction has wrapped up at The Linden, the first for-sale condominium building in the heart of downtown South San Francisco.

Creating a sense of seclusion in a city of nearly four million people is no easy feat.

Landis improves on the traditional rent-to-own model by incorporating financial literacy coaching.

A gated community of three-story townhomes and resort-style amenities is planned for the 5.5-acre site of the now-shuttered Moneta Nursery in Gardena.