Yes we have Prop 10 2.0 looming in November. Yes Santa Monica has some of the worst rent control in the Nation at 1-2% increases per year. Yes Santa Monica is majority renters meaning pro renter vs pro landlord will most likely always prevail in regards to local rules and regulations. Ultimately, despite these three issues, Santa Monica offers too...
Multifamily Sales Charts - 10 Year Venice Sub-Market of 90291 & 90292 Sales Reported from January 2008 to December 2017 of buildings 5 to 100 Units [caption id="attachment_16309" align="alignnone" width="1024"] Venice Sales Volume[/caption] [caption id="attachment_16310" align="alignnone" width="1024"] Venice Price Per Unit[/caption] [caption id="attachment_16311" align="alignnone" width="1024"] Venice Cap Rate[/caption] ...
Multifamily Sales Charts - 10 Year Santa Monica Sub-Market of 90401, 90402, 90403, 90404, 90405 Sales Reported from January 2008 to 2017 of buildings 5 to 100 Units [caption id="attachment_16303" align="alignnone" width="1024"] Santa Monica Sales Volume[/caption] [caption id="attachment_16304" align="alignnone" width="1024"] Santa Monica Average Sale Price Per Unit[/caption] [caption id="attachment_16305" align="alignnone" width="1024"] Santa Monica Average Sale Cap Rate[/caption] Contact Eric M-F 9-6 for a complimentary evaluation of...
On December 15, 2016 Mayor Eric Garcetti signed the Tenant Buyout Ordinance, combined with Rent Stabilization Ordinance, in effort to curb the housing affordability issues the city of Los Angeles is experiencing. Source: https://www.lamayor.org/mayor-garcetti-signs-tenant-buyout-ordinance. According to LAMayor.org, half of the families here in Los Angeles live in rent controlled apartments. This ordinance was built to strengthen renters' rights by mandating...