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
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
Thought you’d appreciate seeing some progress photos from a project we have going at 1129-1135 N Virgil, right by Sunset Junction. It’s a complex of three duplexes and a single family home, all with parking and private outdoor space. When we started in our business, Hoover was definitely the western boundary of Silver Lake. These
Am looking at a deal now that has an interesting problem: While ZIMAS and the county both show 12 units, the certificate of occupancy shows 11 units. The building only has 11 parking spaces, so it was pretty clearly built as 11, with the final unit added at some point along the way, most likely illegally.
We’ve managed a bunch of buildings in gentrifying areas of LA for a long time, and I can tell you with a high degree of certainty that property crime (theft, tagging, etc.) has gone up markedly over the past few years. Most recently, we have a building where cars have been broken into in the