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The rebirth of rooming houses?

Today’s Wall Street Journal has an interesting article [subscription required] on the re-birth of boarding houses [h/t to Manoj]. Back around the turn of the 20th century, as immigrants flooded into major cities, developers built rooming houses where you could rent very small accommodations, often with share bathrooms. Eventually, zoning codes halted the construction of this

363 S Leslie Way is done

We just entered lease-up on a fourplex we renovated at 363 S Leslie Way in Highland Park. Embarrassingly, we had to put the breaks on leasing this weekend, because we leased two of the units in about two minutes and realized we were underpriced. (This is a high class problem!) Anyway, here are some amateur

Forget about high paying jobs

I’m a closet Redditor (guess I’m out of the closet now, huh?). And today I saw a popular piece on there titled something like “The 10 Highest Paying Jobs”. I get why people are interested in a piece like that, but they’re totally, utterly crazy. Why? With a few exceptions (almost all of which are in

A savvy deal I couldn’t do

Just got a flyer from a reasonably active local broker announcing a deal he closed with the following characteristics: In Westlake, a rapidly improving neighborhood situation between Koreantown and Downtown 10 units totaling 9,800 sq ft 15,000+ sq ft lot R4 zoning $1.8MM price The flyer didn’t specify the rents, but, as I recall, the

One way the Fire Department raises rents in LA

Today, I want to talk about one of the unacknowledged factors driving up the cost of housing in LA: The fire code. Now, it’s obvious why we need the Fire Department to weigh in on the design of new buildings. The department is going to have to rescue the inhabitants in the event of a fire and it obviously

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