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 […]

West Hollywood Sunset blvd

by Jodi Summers The green, green land of West Hollywood is the place in LA to invest right now. In the first quarter of 2016, WeHo is seeing lower per-square-foot sale prices and asking rents than 1Q 2015. Sunset Blvd….Santa Monica Blvd. > West Hollywood benefits from a very dense, compact urban form with small […]

los angeles renter

by Jodi Summers If you own income properties in L.A., you’re enjoying escalating rents; compared to your tenants, you’re really lucky. In 2015, around the Los Angles metro, according to the MLS, rents rose 21.7%. Nationally, renters spent $535 billion on housing in 2015 — nearly as much as the total budget of the Department […]

Canoga Park apartment complex, which collapsed in the 1994

edited by Jodi Summers Does your building have tuck under parking? Many Los Angeles apartments with garages and carports on the ground story that were built before the 1980s are soft story buildings. A soft story building is vulnerable collapse in a large earthquake due to inadequate shear strength at ground level. A soft story […]

northridge earthquake

by Jodi Summers The Los Angeles City Council has agreed that renters and apartment owners must share the financial burden of earthquake retrofitting equally. According to the L.A. Times, “After many housing studies and heated meetings with landlord and tenant groups, city staff proposed a compromise that the City Council unanimously voted to move forward: […]

dingbat wanting retrofit

by Jodi Summers As if the apartment rental situation in Los Angeles is not tenuous enough for you…just wait…the first phase of the city’s massive earthquake retrofitting project is about to begin. The Department of Building and Safety has compiled the official list of apartment buildings most at risk of collapse, landlords get notice in […]