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…

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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…

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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…

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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…

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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. 

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This charming Craftsman residence and separate backhouse are nestled within beautifully landscaped grounds, just to the east of Hillhurst in Los Feliz. This unique property offers a rare mini-compound that serves as an idyllic retreat to call home.

The main property spans 1,730 square feet and features three bedrooms and two bathrooms, and alongside it, a 410 sqft permitted studio ADU measuring 410 square feet. Both structures underwent a comprehensive revitalization in 2023, resulting in a captivating blend of California-casual aesthetics. The interior design, masterfully curated by @OmeDezin, seamlessly combines clean lines, subtle elegance, and exquisite natural elements. From the timeless Craftsman exterior to the captivating…

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Open House in Echo Park This Weekend: 1622 Ewing St.

 

This weekend, take a tour of this one-of-a-kind, modern-minimal retreat designed by Swedish architecture firm Jordens Arkitekter. Perched on a tranquil hillside in Echo Park, this property was thoughtfully crafted to include eco-conscious details throughout the home.  For more information and pictures, check out the full listing here.

Key Information: 

✔️$2,425,000

✔️3 Beds | 3.5 Ba | 2,296 sqft

✔️Floor-to-ceiling windows in every room

✔️Stones and tiles from Sweden

✔️Fully owned solar panels

✔️Gated entry

✔️3-car garage

Open House: 

Sat. June 3 1PM - 4PM

Sun June 4 1PM - 4PM

If you're looking for someone who can add value to your next Los Angeles real estate…

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The 5 Most Expensive Duplexes Ever Sold in Silverlake, Los Feliz, Echo Park, and Atwater Village

A common hurdle standing in the way of homeownership for many Los Angelinos is affordability. One way you can potentially remove that obstacle is by purchasing a duplex instead of a single-family home, allowing you the ability to offset mortgage payments by renting out the other unit. 

When people think of duplex living, shared walls, laundry rooms, and backyards often comes to mind. In reality, there are many alternative layout options available that will give you enough space and privacy so you don't feel like you're living in an apartment. In fact, if you can find the holy grail of unit layouts--two homes on one lot--you'll forget that you're even…

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Is It Legal to Ride Your Bike on the Sidewalk in Los Angeles?

In a city full of traffic, sometimes it’s faster to get around Los Angeles on a bike than driving. Yet, with all that car congestion, it can make biking in the road feel a little dicey, so it’s pretty common to see a cyclist cruise down the sidewalk. As a pedestrian, if you’ve ever taken a leisurely stroll only to nearly be taken out by an off-roading bicycle, you’ve probably asked yourself, "is that even legal?"

Depends. 

LA is a big county with a variety of municipalities and local ordinances, and you can easily ride from one area to another where the laws differ, like going from Atwater Village into Glendale. If you’re a cyclist, look at the guide below so you know where it’s okay…

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If you're looking to buy real estate in Los Angeles without going broke, Bid4Assets.com's Tax Defaulted Property Auctions can allow you to buy a home for a fraction of the market price. The Los Angeles County auction will begin on April 22nd and run through April 25th, and in nearby Riverside County from April 27th-May 2nd. Read on to learn more about Bid4Assets tax defaulted property auctions and how you can take advantage of this opportunity to find an affordable hidden gem. 

What are Tax Defaulted Properties?

When property owners fail to pay their property taxes for a certain period of time, the property becomes tax defaulted. In order to recoup the delinquent taxes, the county holds auctions where these properties are sold to the highest…

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