The Covid-19 Emergency Rental Assistance Program has been in place since the beginning of the pandemic, and it’s put a freeze on evictions and rent hikes for people in rent-controlled housing. Now that things are (kind of) back to normal, LA City Council has been trying to figure out when to lift some or all of these protections. Last week on September 28th, the LAHD Adhoc committee made recommendations to the Council, that they hoped would be a compromise between the landlords who wanted protections lifted and tenants who wanted them to remain in place. 

On October 4th, the City Council considered the committee's suggestions and made their final decisions on when and how to roll back the Emergency Rental Assistance Program. On October 13th, Mayor…

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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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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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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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In Los Angeles, we hear a lot of concern about outdoor air quality. There's the smog in the air from all the LA traffic, and when a wildfire hits, you can actually see the smoke clouding up the skies. One thing you rarely hear about, though, is the quality of the air inside our homes, despite the fact that it's what we breathe in the most. 

In fact, there are no federal guidelines controlling indoor air pollution, despite mounting data indicating just how dangerous it is. According to the Environmental Protection Agency (EPA) “studies of human exposure to air pollutants indicate that indoor levels of pollutants may be two to five times — and occasionally more than 100 times — higher than outdoor levels.”

One major culprit contributing to the…

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The affordable housing crisis in Los Angeles continues to worsen with each passing year and city officials have been struggling to come up with any meaningful solution. This month, however, the LA City Council has voted to pursue a new plan to help bring some relief to homebuyers. On November 12th, the city council agreed to a motion proposing that they look into ways they can stop tech and equity companies from buying and flipping properties––a practice known as “iBuying.” Nury Martinez and Nithya Raman co-authored the motion, arguing that iBuying is driving up prices, making homeownership impossible for many Los Angelinos. 

This practice began in 2013, with the tech company Opendoor, and since then, others have followed suit, including Redfin,…

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I wanted to take a second before the holiday season officially kicks off to wish you and yours a Happy Thanksgiving. This year has been full of ups and downs for everyone, but it's a great time of year to focus and appreciate the little wins we've had along the way. Keep that in mind on Thursday morning as you scramble to get the stuffing and cranberry sauce done before your in-laws arrive!

I hope your Thanksgiving is fun, relaxing (as much as it can be), and filled with great food and company. And if you don't celebrate–enjoy the long weekend and stay away from The Grove!

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Obviously the mortgage and real estate industries go hand-in-hand, so you should keep up to date by checking out the IET Capital blog. Here's a couple recent articles you might find interesting. 

Blue-lining is the line of risk lenders are drawing around certain neighborhoods that are more susceptible to flooding or any other natural disasters. As Californians experiencing more and more wildfires, this practice could directly affect us and the mortgage rates we get in the future. Check out the article here to learn more! 

Desktop appraisals and other relaxed protocols expired earlier this year, but on October 18th, the acting director of the FHFA, Sandra Thompson, announced at the Mortgage Bankers Association annual convention that desktop…

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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, the property is currently grossing a whopping $14,988/month

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

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

There is a 2x car garage on-site +7x uncovered parking spots. 248 1/2 has a private back patio with a planting area. The large lot has room for expansion via ground-up construction or leveraging current ADU laws. Rentals went through significant capital improvements at the end of 2019.

Check out the full listing here! You can also email or call (323) 412-9060 for…

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