A socialist candidate touting himself as a defender of struggling renters in Los Angeles is, according to the California Post, living quite the upscale life. Faiza Malik, a 41-year-old candidate supported by the Democratic Socialist Party, is campaigning for rent reforms and affordable housing on the West Side, yet resides in a Venice Beach mansion worth $2.5 million, all while running against moderate Congresswoman Tracy Park, 50.
This lavish property boasts 5,780 square feet, complete with a private garden, sun-drenched interiors, and high-end finishes. The kitchen is bright white, outfitted with stainless steel appliances. There are multiple bedrooms that open up to balconies and even a deck for outdoor dining—a rarity in such a pricey neighborhood.
Malik’s mansion is located in Penmar, an area that generally features single-family homes with prices ranging from $1.7 million to $4 million. The estimated rent for the property is about $8,000 a month, contrasting sharply with the realities faced by the renters she claims to advocate for.
The average rent for Angelenos is nearing $3,000, as reported in March by Zumper, with only 9% paying over $6,000 monthly. When approached for comments, Malik’s spokesperson indicated she too faces difficulties. They expressed that Malik is dedicated to the campaign’s ideals, asserting that every person should live with dignity.
Her campaign maintains that having experience as a landlord enriches her credibility on tenant advocacy. They suggested that Malik, alongside her husband, represents younger generations who struggle with homeownership in the area.
A Venice resident and political activist, Barry Cassilly, criticized Malik, emphasizing that her wealthy background undermines her claims of being a humble advocate for renters.
Malik’s living situation raises questions, especially given DSA’s housing ideology, which promotes a shift from private to public housing. Her campaign highlights years of support for renters and promises to enhance street safety and expand public transport options. Malik, an attorney at Public Counsel focused on tenant rights, collaborates with various advocacy groups, including the Los Angeles Legal Aid Foundation that recently received a significant contract from the city to bolster tenant protections.
Her husband, Zahir Saeed, 44, is a managing director at CBRE Investment Bank, with a background in real estate investment in Manhattan. The couple also has two children, who attend an elite private school with annual tuition costs exceeding $41,500.
Malik continues to navigate complex housing issues, including the controversial Venice Del Project. She has been involved in legal actions against city officials over plans to develop housing units priced at an astonishing $1.2 million each. Critics are wary, suggesting that these legal battles could drain taxpayer resources while City Hall faces other financial challenges.
