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Park La Brea (Spanish: La Brea—"The tar", after the nearby La Brea Tar Pits) is an apartment community in the Miracle Mile District of Los Angeles, California.With 4,255 units located in eighteen 13-story towers and thirty-one two-story buildings, it is among the largest apartment complexes in the continental United States. [1]
The property owner in this case signs a property management agreement with the company, giving the latter the right to let it out to new tenants and collect rent. The owners don't usually even know who the tenants are. The property management company usually keeps 10-15% of the rent amount and shares the rest with the property owner.
In the table, UA refers to "urbanized area" (urban areas with population over 50,000) and UC refers to "urban cluster" (urban areas with population less than 50,000). The list includes urban areas with a population of at least 10,000. Rows in green indicate that part of the area lies outside of California.
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