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I have fantasies about living behind those broken windows.
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I think this building would be beautiful with some care and attention, but it doesn't look like that's happening any time soon.
Brewery Art Walk Spring 2008
2100 N. Main Street @ Avenue 20
Los Angeles, CA 90031
One reason housing prices are so high is a requirement that newly built multiunit dwellings (and condo conversions) provide at least one -- usually two or three -- parking space per unit. This inflates the cost of each apartment and discourages construction of smaller, more affordable units because developers would be required to provide even more parking.
"The fixation on parking in Los Angeles has driven up the price of housing and increased congestion on our streets," said Donald Shoup, a professor of urban planning at UCLA. He said including two spaces with a unit can add about $45,000 to construction costs.
One solution would be to waive the parking requirement for smaller apartments, thus creating an incentive for developers to place more such units on the market. And because there'd be no parking cost built into the rent, such units would (in theory) be cheaper than apartments that come with extra room for vehicles.
This could have the added benefit of increasing demand for public transportation -- presuming, that is, people would trade car ownership for reduced rent. Increased demand would hopefully spur development of commuter-friendly projects like a long-delayed Westside subway line.