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Special thanks to Benjamin Pezzillo of https://pactriglo.com/ for providing this summary and original document. Recently passed Senate Bill 1069 is a move to help ease California’s housing crisis, making “granny units” easier and less expensive to build throughout the state. The new Accessory Dwelling Units (ADUs) can potentially save thousands of dollars in fees and […]

urban-apartment-development-construction-cranes-keyimage

by Jodi Summers Congratulations Los Angeles property entrepreneurs, you are meeting housing demands. It looks like LA real estate developers will add approximately 13,430 new multifamily units to the market by the end of the year. In an attempt to fill overwhelming demand, multiunit construction is at is fastest pace of development in 20 years. […]

title24-l

by Jodi Summers California’s green protocols will continue to influence green building. January 2017 will see the application of “Title 24,” building energy efficiency standards set forth by the California Energy Commission. The updated building energy efficiency should cut regulated energy use in new homes by 28% and save consumers $31 a month compared to […]

la-apartment for rent

by Jodi Summers Here’s what makes Los Angeles different from most every other big city except New York, the majority of people living in Los Angeles rent as oppose to own. Look at the statistics for the county; they overwhelmingly skew toward renting due to the high cost of single-family homes in the Los Angeles […]

Westwide

edited by Jodi Summers Those of you who are waiting for the Los Angeles apartment market to weaken may be waiting a long time. The world class desirability for the West Side of Los Angeles will continue unabated for the near future. According to Marcus and Millichap’s Multifamily Research Market Report, Second Quarter 2016, “Limited […]

construction workers in the sunset

by Jodi Summers Why are Los Angeles multifamily properties the top investment choice among U.S. investors Robust  job  creation  and  economic  growth in Los Angeles County have created a vigorous  demand  for  multifamily  housing.  Overwhelmingly, residents are  choosing  to  rent  over  homeownership because of  the  extreme cost  of  a  single-family  home.  As a result, vacancy […]