If you've been wanting to buy a new home in Los Angeles but have been too afraid to get involved in a red-hot bidding war, it's time to come out of hiding.

Over the last couple of years, buying real estate has become a competitive sport thanks partly to historically low mortgage interest rates triggered by the pandemic. According to a Doug Elliman report, bidding wars in Los Angeles peaked last quarter, but luckily for potential buyers, this trend will be cooling down a bit now that interest rates have gone back up. 

For those looking to sell their home, this likely means forgoing the practice of setting the listing price under market value in the hopes of triggering a bidding war. This strategy, also known as "testing the market" might have…

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The LA County Board of Supervisors is set to vote on Item 7 today, which calls to put an end to the Covid-19 state of emergency eviction moratorium and rent freeze. At 9 am, they will be taking public comments. We need all hands on deck, so if you have the time to urge the board to support Item 7 please do! 

Call (877) 226-8163 then enter code 1336503. Press 1 then 0 to address the Board. Be sure to call in right at 9 am and prepare for a long wait. Request to speak on Item 7 for general public comment. 

Earlier this year, the board voted to extend the emergency rent freeze and moratorium through 2022, with no end date specified. Los Angeles County is one of the last areas in the country to continue the pandemic emergency measures, and it's time to band…

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Listings in Los Angeles: Incredible Investment Properties in Highland Park

252 Branch Street - $1,495,000

Built in 1912, 252 Branch Street is a 2019 renovated duplex, currently generating $7,198/mo income (4% cap rate). 

STATS:
  • 3,138 SqFt on a 6,402 SqFt Lot
  • Bottom Unit: 3 Bedrooms/2.5 Bathrooms
  • Top Unit: 3 Bedrooms/1 Bathroom
  • 2-Car Garage
  • Fenced-in backyard large enough to comfortably build a third unit
  • 89 Walkscore, north of York Blvd. close to Highland Park neighborhood favorites like Joy, Dulce de Leche, The York, and many more

For more pictures and details, check out the listing here  or call (323) 412-9060 for more information!

248 BRANCH STREET - $1,595,000

Currently generating $8,398/mo income…

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Los Angeles Votes to Ban Most Gas Appliances

On May 27th, the Los Angeles City Council voted to ban gas appliances in new construction, a measure meant to address the ongoing climate crisis. Councilmember Nithya Raman says this zero-emission policy, "puts us in line with climate leaders across the country," and over 50 other California cities that have enacted similar bans.

This new policy will gradually go into effect over the course of the next few years and will mean housing and businesses will come equipped with electric stoves, water heaters, dryers, and furnaces. Eliminating these appliances will cut down on carbon dioxide pollution that is contributing to the acceleration of the world's climate crisis. This is a (very) small, positive…

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On May 23, the Affordable Housing and High Road Jobs Act (AB 2011) passed the Assembly and will advance to the State Senate for a vote in June. Passing by 48-9, AB 2011 would allow affordable and mixed-income housing construction in areas originally zoned for commercial use. 

Unveiled in April by Assemblymember Buffy Wicks, D-Oakland, AB 2011 also stipulates that developers of these multi-family homes adhere to responsible wage and training standards for laborers. Some of those requirements include that every project must provide prevailing wages and that health benefits be offered on projects that consist of 50 or more units. 

“Today’s vote brings us one step closer to streamlining production of a huge amount of much-needed affordable housing,…

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NEW LISTING: 2 Bedroom Fixer-Upper in Pasadena!









If you're looking to invest in a fixer-upper in a great neighborhood, then take a look at this 840 sqft, 2Br/1Ba home in Pasadena. Sitting on a corner lot in the Lamanda Park neighborhood, this property includes a detached garage, copper plumbing, a tankless hot water heater, and a new electrical panel recently added in 2021. Property is financeable and FHA offers are welcome.

For more information and to request a tour, check out the listing here. 

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Obviously, the mortgage and real estate industries go hand-in-hand, so you should keep up with the latest news by checking our IET Capital Blog. Today, we posted about California's new Forgivable Equity Builder Loan program that was launched in April. If you're a first-time homebuyer, you might qualify for this 0% interest loan, so check out our blog post here to learn everything you need to know. 

Or, to find out more, you can email us or call (323) 412-9060 and we'll help you find out if you qualify!

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5 Dog-Friendly Restaurants on the East Side of Los Angeles 

 

Your dog has gotten used to you spending tons of time with them at home over the last couple of years. Now that you're out and about more, why don't you take them with you for a meal out on the town? Living in Los Angeles, we're privileged to have outdoor dining weather pretty much all year long, which means there's no excuse not to take your pup to a restaurant with a dog-friendly patio.

Here are some of our favorite dog-friendly dining options on the east side of Los Angeles.

1.  Lady Byrd CAFE

Located in Echo Park, this whimsical outdoor cafe is the perfect place to take a dog-mom for a Mother's Day meal. If your dog isn't very friendly but you don't want to leave them at…

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JUST LISTED IN LA! Side-By-Side Duplexes on 2x Lot Assemblage in Highland Park

248-252 Branch Street

$3,200,000

248 and 252 Branch street are two side-by-side duplexes on separate 6,402 sq ft LARD2 lots (12,804 sq ft total) in Highland Park just North of the popular York Blvd commercial corridor. Thoroughly rehabbed in late 2019, all 3x buildings have brand new electrical, kitchens, bathrooms, flooring, and windows.

248 Branch unit mix = Front 4br/3ba & Back 3br/1ba

252 Branch unit mix = Bottom 3br/2.5ba & Top 3br/1ba

Investment Highlights

  • >12,000 sq ft lot
  • LARD2
  • Remodeled 2019
  • 9x off-street parking spaces
  • Private patio & Garden
  • 89 Walkscore
  • Dual LARD2 lot - Earn income while planning future development

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