Last year, there were fewer than a dozen rental properties with six-figure leases in the L.A. area, mostly clustered in the predictable seasonal hotspots: Malibu, Beverly Hills and Newport Coast. That was then. Today, more than 250 homes have flooded the market with monthly price tags north of $100,000 in L.A. and Orange counties. Vanessa Alexander and her husband, former ICM talent manager turned developer Steve Alexander, have listed their rustic-minimalist 7,000-square-foot home located in Malibu Canyon less than two miles from Point Dume for $125,000 a month. Financiers and Sugarfina board directors Paul Kessler and Diana Derycz-Kessler are leasing their salmon-pink, hill-hugging Bel-Air estate: Complete with four courtyards, nine fireplaces, one library and endless Bel-Air Country Clu
Why LA's Luxury Home Rentals Are Breaking Records

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