I actually stayed at my first Airbnb last weekend in L.A. I have to say it was pretty nice.
I was right off LaBrea in Hollywood, and between 3 of us we spent less than $150 each for 3 days. Now, if your a luxury traveler looking for the best basically than Airbnb has you taken care of. This is beyond what I can afford BUT worth checking out. It's called Airbnb Plus and details are below.