IET Real Estate Los Angeles Blog

2017-08-18_14.00.02_400 

 

 

Was fortunate enough to participate in very first group tour of the new Kaiser Permanente Baldwin Hills-Crenshaw Medical Offices (behind mall on Martin Luther King Jr. Blvd) led by Assistant Physician in Charge, Latanya Hines, M.D.

 

 

 

 

 

 

The new facilities are beautiful on the outside and state of the art on the inside.  In addition to the modern aesthetic and all the impressive tech there were some nice touches like the featured art pieces sourced by locally based artists.  Hopefully community members will receive many years of top notch medical services as a result of increased access via this new facility.

 

 

 

 

The tour and a tasty catered lunch was facilitated by Crenshaw Chamber of Commerce.

 

 

Kaiser Permanente

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City of Los Angeles Parkway Enforcement to begin August 14th

 To those property owners who have been frusturated by the city lack of enforcement in this area this is good news, to those without parking not so much...

 

http://la.streetsblog.org/2017/07/26/parking-round-up-parkway-enforcement-smart-boot-expo/ 

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I for one am generally pro gentrification but I can definitely see how it can offend and change a neighborhood for the worse.  This type of development is needed more in our area (East of Larchmont & South/West of the 101 freeway - Koreatown to the South, Larchmont Village-Hancock Park to the West, East Hollywood to the North, Silverlake-Los Feliz-Echo park to the East)

 

Conscientious, retains character and spirit of the neighborhood, independent company versus large chain or franchise.

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Open House 6/11/17 12-2pm - $515,000


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Cape Cod style home in quiet Harbor Pines neighborhood Intimate 7 unit Gated Community Built in 2005 No shared walls=SFR feeling Upgrades include: oak hardwood floors, gourmet kitchen w/ Brazilian granite counter tops & walk-in pantry, real wood plantation shutters, stainless steel appliance package 2x car garage Reverse layout = lots of natural light & peek-a-boo views of city Dual sided fireplace in living room/dining room Central heat (no air) Great opportunity to own high quality home at entry level price Conventional Loans only complex not FHA/VA approved Less than 2 miles to whole foods, 24 Hour Fitness, Costco &
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Price Reduced $30k! - Motivated Seller!! - $419,000 All offers Welcome - Including FHA/VA and all Down Payment Assistance Programs

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4x bedrooms 2x full bathrooms Well maintained home in good condition. Property has laminate flooring and Washer dryer hookups. Property had central heat and air w/ ducting installed in last 2 years. 2x remodeled bathrooms Garage has been recently re-built Gated front yard with long driveway and large 2x car garage alley access for RV or boat in back yard (alley locked by city so no through traffic) Big house ideal for large family. Extremely motivated seller bring any and all offers FHA/VA offers welcome. Showings with Appointments only - DO NOT DISTURB
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close_keys_400.


The Rent Stabilization Ordinance (RSO) has brought about a lot of changes for 2017. Among the most important of these are the Tenant Buyout Notification Program, or "Cash for Keys". Many of us have probably heard of, if not experienced firsthand, a landlord looking to strike a deal with a tenant to get them to move out of their unit. This tends to happen a lot in developing neighborhoods, where someone is looking to renovate an entire building and reopen at a higher pricing tier.

As this trend has grown, the city has taken notice. Through the Cash for Keys program, tenants in RSO covered housing will be better protected as tenant buyouts become more regulated and streamlined.

 

Knowledge is Power

 

One of the main ideas behind RSO changes for 2017

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hcidla_logo_300 

The Los Angeles Housing and Community Investment Department (HCIDLA) held a public hearing on Wednesday, February 1st down on Vermont and 85th street. The purpose was to discuss how federal funds are being used by the city to help communities in Los Angeles. Here's what they shared...

 

Five Years Later 

The speaker pointed out that HCIDLA was now in its 5th year of its 5-year program. This program has had four main objectives to help improve conditions. These are: 

  • The Community Development Block Grant
  • Home Investment Partnerships Program
  • Emergency Solutions Grant
  • Housing Opportunities for Persons with AIDS
The U.S. Department of Housing and Urban Development required that the city submit plans for these grants, and it has been a…
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Los Angeles is a very big, mixed up, beautiful mess of a city. Itís got bits that are clean and pretty, others that have more grit with hidden drinking and dining gems hiding behind nondescript storefronts and in back alleys. There are two things nearly all of LA has in common: low vacancy and high rents.


Rental site, Zumper, shows most of West LA from Playa Del Rey to Brentwood sitting at average 1-bedroom rents of over $1,800, with a number of hotspots over $2,400, and with Santa Monica alone able to claim an average of over $3,000 as if trying to compete with San Francisco prices.


While most Angelenos feel the increases on their finances, eyes turn to the battalion of construction cranes that dot the skyline. Before long, those cranes get replaced by

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 construct_848

 

If you’ve driven through downtown LA on the 110 in the last few months, you’ve probably noticed the new construction that’s been taking shape on the iconic landscape.

 

What you’ve been driving past is soon to be Metropolis, an ambitiously large-scale complex of retail shops, a restaurant, a boutique hotel, a garden and three towers of luxury condos that start reaching into the skyline from six stories above the street.

 

Here’s a rundown of the three residential towers.

 

 

Tower I 

This tower has already sold most of its availability, and there’s every indication that they will all be sold by the time the tower is available for move-in. Offering 308 units in its 38 stories, this will be the first of the towers to open. It's luxury

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