General Topics affecting / related to the 1-4 unit Residential Real Estate Investment Market

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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Today's blog post marks the beginning of a new series we'll be doing where we'll tell you everything you need to know about duplexes in Los Angeles. We're choosing to shine a spotlight on this type of property because although they're sometimes overlooked as an option, they can be the ideal choice for prospective owners, investors, and renters. These properties are less expensive than a single-family home, so they're great for the renter or owner who wants the feeling of an SFR, but can't quite afford that yet.  If you're considering getting into real estate investing, starting off with a duplex is a great way to get your feet wet without taking on the responsibility of a multi-unit building.

Los Angeles has an abundance of duplexes throughout the…

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Built in 1911, this 5BR/2BA hasn't been updated or maintained in several years, making it a fantastic investor opportunity. Located on a nice street in Mid-Wilshire, the area is extremely walkable. Plus, with the backyard space and close proximity to LAUSD schools, this could be the perfect home for a young family once it's gotten a makeover.

If you're interested in this fixer-upper, check out our listing for more information and to schedule a showing.

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In 2019, California lawmakers passed legislation making it easier for people to build Additional Dwelling Units (ADU) on their property. While ADU's are an investment of your time and money, they’re more than worth the upfront cost and hassle. 

There are all kinds of benefits to building an ADU. For one, they allow you to keep your aging family members nearby while maintaining some privacy.  They also add instant resale value to your home and renting it out to tenants means thousands of dollars in extra income a month. 

Interested in building one on your property? Then check out this guide to building an ADU in Los Angeles to get a better idea of the process. 

The Basics

Before you jump into building an ADU on your property, you should…

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When looking for a new home in Los Angeles, it's always smart to consider buying in an up-and-coming neighborhood. The cost of a house will be lower, and it will only be a matter of time before the area is bustling with new restaurants, shopping, and entertainment, thus driving up your home's resale value. 

If you're in the market for a place to live or an investment rental property, East Hollywood is the perfect area to look at for these reasons. Not only is the neighborhood growing rapidly, it's also in a great location. You're only moments away from entrances to the 101, about 10 minutes to West Hollywood or Glendale, and you can get away with telling people you live in "Silver Lake adjacent." 

Need more proof that this is a great place to…

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Every Angelino knows that the city is experiencing a housing crisis with seemingly no end in sight. The opinions vary on who’s at fault and what can be done to fix it. But either way, home buyers and renters can agree that something has to change.

Luckily, in 2019, California lawmakers passed new legislation regarding additional dwelling units (ADU’s) that could help alleviate the affordable housing shortage. 

Keep reading to learn more about ADU’s, the new rules that took effect in 2020, and what it means for Los Angeles. 

What are Additional Dwelling Units or ADU’s?

If you’ve never heard the term ADU, you’re probably familiar with one of its colloquial names: in-law suite, granny flat, guest house, backyard bungalow… 

They all describe…

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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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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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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.

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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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Increasing numbers to tenants are becoming familiar with the Rent Stabilization Ordinance, and most rental property owners are already familiar with it. For more information on the Los Angeles RSO, have a look here.

 

RSO and most of its regulations have been in place for some years now. However, there are some changes taking effect in 2017 that tenants and owners should both be aware of.

 

Rent Registry Ordinance

 

Effective as of October 4th 2016, the LA City Council has enacted the Rent Registry Ordinance, which applies to all properties covered under RSO. 

 

What landlords need to know

 

  • All properties under RSO must be registered by the last day of February each year
  • A separate form must be submitted for each…

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