Results for ‘Development’ category

A novel explanation for the slowdown in single family home starts

Buried in Paul Krugman’s column today was an interesting fact, of which I was not previously aware: As a result of action/inaction by President Obama, the income tax rate paid by the top 1% of earners is back up to where it was in 1979, before President Reagan took office. Weirdly, upon reading the above,

4424 Burns is done

Yet another renovation project. This one is walking distance to Virgil Village / Sunset Junction. The building is a mix of 3 bed / 2 bath and 1 bed / 1 bath units. The 3/2s, pictured below, are really impressive. I think they’re the best 3 beds we’ve ever done… great ceiling height, great windows, all the

Pro tip: Don’t move the mailbox

When you renovate an apartment building, you may be tempted to move and/or replace the mailbox. Don’t. Why? When you install a new mailbox for an apartment building, it comes unlocked. The USPS needs to install a master lock so that the mail-carrier can access the slots. But, due to budget cuts, the USPS is down to

229 S Avenue 60 is done

Thought you’d appreciate seeing pics of our latest project, a seven unit building on Avenue 60 in Highland Park. The units are pretty awesome and come with lots of parking. Best of all, they’re walking distance to all the interesting galleries, bars, restaurants on Figueroa. There’s a one bed at and six three beds at

What we talk about when we talk about appreciation

Have been doing some thinking about appreciation and how it affects our business. First, what is appreciation? It is the tendency, over time, of the price of real estate (in Los Angeles, anyway) to increase. A bit of clarification: Obviously, there is no guarantee that real estate will increase in price over any particular time

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