Construction is set to begin on Franklin Avenue Elementary School’s “Classroom Replacement Project” by the end of the year after first gaining approval from the Board of Education in November of 2017. The Los Angeles United School District promises that significant improvements to the school will be made, though parents are worried that it will also cause major disruptions for students. 

Last week, school officials held a Zoom meeting to discuss project logistics and take questions, the details of which are summarized below. 

PROJECT SCOPE

The Classroom Replacement Project is a substantial endeavor that includes:

  • New Classroom Building: A modern classroom building with 13 classrooms, support spaces, and underground parking,…

149 Views, 0 Comments

Read Full Post

California Moves Toward Streamlined Real Estate Closings with Remote Online Notarization (RON)

California lawmakers have recently given their stamp of approval to remote online notarization (RON). This development puts us on a path toward joining 44 other states that have already embraced this process which can allow for speedier real estate closings. Pending the expected signature from Governor Gavin Newsom, the bill, known as SB 696, is poised to reshape the real estate landscape in the nation's most populous state.

A Unanimous Decision

SB 696 received unanimous support, passing with a 39-0 Senate vote and a resounding 78-0 approval by the Assembly on September 7. This overwhelming consensus underscores the critical need for modernizing…

162 Views, 0 Comments

Read Full Post

On August 31st, Los Angeles Mayor Karen Bass announced that a state program awarded the city a $99 million grant for four new affordable housing projects. This monumental funding was made possible through the Strategic Growth Council, a government entity that collaborates with various public agencies to tackle economic, health, transportation, and other vital issues.

The grant is part of the Affordable Housing and Sustainable Communities Program, a flagship initiative that consistently provides funds to the Los Angeles Housing Department. This year the program is contributing a total of $157 million to the city of Los Angeles, with $99 million dedicated to creating 466 affordable units in Downtown L.A., Koreatown, Crenshaw, and Historic South…

188 Views, 0 Comments

Read Full Post

 


Back in 2018, a community-driven proposal was introduced to transform the Silver Lake Reservoir into a massive public park. Five years later, on August 23rd, the plan is one step closer to becoming a reality after the LA City Council voted to adopt the findings of a final environmental impact report.

The Silver Lake Reservoir master plan would transform 116 acres of the 127-acre land into a park comprised of 7 different areas:

  • The Meadow: expanded park space and an education center, play area, gardens, picnic area, seating and wetland terraces, and floating dock 

  • The Knoll:  shade structures, a nature trail, and seating terraces at the northeast side of the reservoir

  • Ivanhoe Overlook: expanded walking path, habitat…

283 Views, 0 Comments

Read Full Post

Open Houses This Weekend in Larchmont Village, Los Feliz, and Silver Lake

The weather is hot and so is the Los Angeles real estate market! Spend the weekend checking out these beautiful homes before they get snatched up. 

2552 Armstrong Ave, 90039

This beautiful ranch-style property actually faces the Silver Lake Reservoir, making it a rare gem to happen upon. Newly renovated and within the Ivanhoe School Boundary, 2552 Armstrong is a must-see! 

KEY DETAILS:

  • 4 Bed/5.5 Ba 
  • 2,082 SqFt
  • $2,795,000
  • Refinished oak flooring, Viking appliances, and wine fridge
  • 3 Bedrooms in the main house, plus a jr. ADU complete with a bedroom, bathroom, and kitchenette 
  • Lush greenery surrounds private yard and patio, plus an upper terrace…

194 Views, 0 Comments

Read Full Post

Rent control is once again in the spotlight as California's Justice for Renters Act has successfully qualified for the November 2024 ballot. This initiative aims to replace the long-standing Costa-Hawkins Rental Housing Act, which currently prohibits rent control on single-family homes, condominiums, and rentals built after 1995.

The Justice for Renters Act has gained momentum, with the California Secretary of State verifying 617,000 signatures in support. If passed, it would grant local authorities greater control over rent laws, enabling municipalities to legislate local rent control measures, including regulations for buildings constructed before 1980.

This proposed change has sparked intense debate and activism. Supporters argue that it is…

321 Views, 0 Comments

Read Full Post

At IET Real Estate, we are dedicated to helping you navigate the competitive housing market and discover the keys to homeownership. Today, we'll talk about a powerful strategy that can give you the edge you need to secure your dream home: the Seller Buydown.

Unlocking the Power of the Seller Buydown

In the fast-paced world of real estate, buyers often face the challenge of standing out in a sea of offers, especially in a city like Los Angeles where demand is high. That's where the Seller Buydown comes in as your secret weapon. This brilliant solution benefits both you, the buyer, and the seller, creating a win-win scenario.

What is a Seller Buydown?

In simple terms, a Seller Buydown is an offer where the seller provides a monetary…

140 Views, 0 Comments

Read Full Post


Applications are now open for the LA County Mortgage Relief Program serving “mom-and-pop” landlords financially impacted by Covid-19. Qualifying individuals could be granted up to $30,000 in relief to cover outstanding mortgage and utility payments.

Eligibility requirements:

  • Experienced financial distress due to COVID-19 between March 1, 2020 through March 31, 2023
  • Have not received assistance from the State’s COVID-19 Rent Relief or Mortgage Relief programs
  • Own rental properties consisting of 1-4 units 
  • Property must be located in high or highest needs census tracts
  • Property is NOT located in the City of Los Angeles
  • Have owned the property for 12 months prior to the declared state of emergency in March 2020
  • Have…

299 Views, 0 Comments

Read Full Post

Open Houses in Silver Lake This Weekend

If you've got a long weekend before the 4th of July holiday, it's a perfect time to take a look at some of these stunning properties in Silver Lake. And if you're looking for someone who can add value to your next Los Angeles real estate purchase or sale, email us or give us a call at (323) 412-9060!

1341 N Benton Way Los Angeles

Built in the 1920s, this light and airy Spanish-style home has been thoughtfully renovated to preserve and enhance its timeless charm throughout the property. Open house July 1st from 1 PM -3 PM, and July 2nd, from 2 PM - 5 PM.

  • $2,300,000
  • 3 Bed/3.5 Bath 
  • 2,050 sq ft
  • 10 foot ceilings with skylights
  • Oversized chef's kitchen, custom fridge & stove
  • Primary…

149 Views, 0 Comments

Read Full Post

Juneteenth is a day to celebrate freedom, progress, and community. At IET Real Estate, we're proud of the racial and gender diversity amongst our founding members. The principles of equity and inclusion we started our business with play a key role in our empowering individuals and families to find their dream homes and build a generational wealth. 

160 Views, 0 Comments

Read Full Post