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citywatchla.com

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LA Has Many Vacant Apartments, But The Homeless And Overcrowded Cannot Afford Them

PLANNING WATCH - LA has a new Mayor. But if you now expect major changes from her, let me set you straight. The new mayor, Nithya Raman, may have a different personality, age, and separate supporters from the defeated mayor, Karen Bass, but they have much more in common than their differences. And if you think that things in Los Angeles will be substantially different under the new mayor, it is time for you to reconsider.

Los Angeles, CA · 7h
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Westside Current

partner publisher · 2.2K followers
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Landmark Status Granted for Santa Monica's ‘Airplane Bungalow' Against Owners Wishes

SANTA MONICA - Santa Monica's City Council granted landmark status to a rare 1913 bungalow in the Pico neighborhood over its owner's objections. The 5-0 vote protected the vacant house on 20th St., according to the Santa Monica Daily Press . Councilmember Barry Snell recused himself because he lives nearby, and Mayor Pro Tem Jesse Zwick was absent.Owner Lydia King bought the property this year hoping to redevelop it. She told councilmembers she had hoped to build affordable housing or a senior center, describing holes in the roof and floor, a strong mold smell, and break-ins, SMDP reported."We cannot live like 100 years ago," King said.The Santa Monica Conservancy's case for preservation emphasized the home's surviving architecture and neighborhood history.Known as an airplane bungalow, the house has a small, window-filled upper story resembling an airplane cockpit. The Conservancy's property history identifies its sleeping porch and exposed beams extending over the driveway among the distinctive features still in place.The group says the house is the last surviving structure built by Simon and Anna Unfried, early residents of Fairview Heights, now the Pico neighborhood.The designation followed conflicting assessments of the home's significance.Historic Resources Group, the city's consultant, found the house eligible under

Santa Monica, CA · 1d

Westside Current

partner publisher · 2.2K followers
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Apartment Complex Above Trader Joe's Heads to Auction

SANTA MONICA - A downtown Santa Monica apartment complex with 249 luxury rentals is headed for the auction block, with its lender claiming more than half a billion dollars is owed. The Park faces a Dec. 3 foreclosure auction, according to the Santa Monica Daily Press , which reported on a notice of trustee's sale posted at the building. The notice estimates $513.7 million was owed as of Oct. 30, roughly $74 million above the balance reported in November 2025.The property, owned by a venture of Pimco and the Witkoff Group, opened in 2022, the Daily Press reported.The development pairs apartments with 55,000 square feet of retail and a one-acre rooftop park, according to Witkoff's project description . Witkoff also lists a rooftop pool and communal lounges among the residential amenities. The building's leasing website advertises homes ranging from studios to three-bedroom apartments.For shoppers, the address is also home to the Trader Joe's at Fifth Street and Broadway , which occupies retail space in the complex.First American Title Insurance Co. is scheduled to conduct the auction at 11 a.m. Dec. 3 in the Civic Center Plaza courtyard in Pomona, the Daily Press reported.The planned sale includes the building and land

Santa Monica, CA · 1d

Westside Current

partner publisher · 2.2K followers
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Rents Are Already High - USC Expects Them to Soon Be Even Higher

LOS ANGELES - Renters in the county are expected to soon pay even more for average monthly rent, according to a USC forecast released Tuesday. The USC Lusk Center for Real Estate's Casden Real Estate Economics Forecast projects the county's average rent will increase from $2,362 to $2,469 by June 2029.Available apartments are also expected to become harder to find. The county's vacancy rate is projected to fall from 5.6% in June to 4.87% as renters fill vacant units.The forecast covers the broader county market, including the Westside. Its averages do not predict rent changes in individual neighborhoods.The report found Los Angeles and Orange counties remain chronically short of apartments, along with Ventura County. It pointed to San Diego County and the Inland Empire as examples of how building more housing can ease pressure on rents."Housing cannot be affordable unless we have plenty of it," said forecast author Moussa Diop, an associate professor of real estate at the USC Sol Price School of Public Policy.Los Angeles County has seen an increase in apartment permits following post-wildfire permitting reforms. During the first half of 2026, permits ran 60% above the previous year's monthly average.But the report said it remains unclear how

Los Angeles County, CA · 2d

The Santa Clarita Valley Signal

partner publisher · 29 followers

Santa Clarita City Council OKs more condos for former speedway site

The Santa Clarita City Council on Tuesday approved 107 more condominiums for a Saugus property weeks before the area was scheduled to get its first district representative. The City Council […] The post Santa Clarita City Council OKs more condos for former speedway site appeared first on Santa Clarita Valley Signal .

Santa Clarita, CA · 1d

ncw.news

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What Should Landlords Ask Before Hiring A Property Manager? Advice From A Los Angeles Broker

Hiring a property manager is one of the biggest decisions a landlord makes, whether the rental is in a small town or a major city. Jesse Sasomsup helps owners make that decision in Los Angeles, California, a market where local rental rules change often and a misstep can be costly.

Los Angeles, CA · 2d

hoodline.com

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Florence-Firestone County Lot Eyed for Affordable Housing as County Considers Development Talks

A vacant county-owned lot on Central Avenue in Florence-Firestone could be transformed into affordable housing, public open space, commercial space and parking under a recommendation that went before the Los Angeles County Board of Supervisors this week. The proposal centers on a 13,000-square-foot parcel at 7700 South Central Avenue, which county officials are considering pairing with a plan to hand over a nearby vacant building to a local community group.

Los Angeles County, CA · 12h

The Hollywood Reporter

partner publisher · 152.9K followers

Netflix Poised to Buy Radford Studio Lot at Auction for Steep Discount

Nine months after lenders repossessed the historic Radford Studio Center lot from Hackman Capital Partners, the property is headed to auction. Janelle James Does Not Go to Trader Joe's Anymore -- She's Famous Netflix had been in talks to buy the 55-acre Studio City lot from Goldman Sachs-led lenders for as much as $400 million, a fraction of the $1.85 billion Hackman paid for it in 2021. The deal was expected to close earlier this year, though the deadline passed without a sale. Now, Radford is going on the block. A foreclosure auction is scheduled for Nov. 24 in Pomona, according to a notice recorded in Los Angeles County. The lenders are looking for an estimated $1.3 billion — roughly the amount of debt tied to the property — though the final purchase price will likely come in far below that figure as production levels in Los Angeles hover around historic lows. The expectation is for Netflix to come out of the auction as the top bidder, giving the entertainment giant ownership of a major Los Angeles production campus. “The deal is progressing on the agreed upon timetable and with the agreed upon sets of milestone dates,” says a Netflix

Los Angeles, CA · 1d

DMR News

partner publisher · 4.2K followers

The Taylor Weiner Team Gives Self-Employed Southern California Borrowers a Path Forward After a Bank Says No

Seal Beach mortgage team powered by Lower, LLC focuses on non-QM home loans for business owners, 1099 contractors and real estate investors across California The Taylor Weiner Team, a Seal Beach mortgage team led by Sr. Mortgage Advisor Taylor Weiner (NMLS 263090) and powered by Lower, LLC (NMLS 1124061), is putting its focus on non-QM […]

Seal Beach, CA · 1d

Fox Business

partner publisher · 239.6K followers

Housing expert blasts 'absurd' California red tape keeping affordable homes out of reach

Mitch Roschelle says California bureaucracy is hindering affordable housing development in Los Angeles despite laws allowing additional housing units, calling the ‘blue tape’ ‘absurd.’

California · 2d

ghnnc.org

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LA City Council Moves to Ease ADU Construction Rules

Los Angeles homeowners with pending accessory dwelling unit (ADU) projects could soon see relief from costly stormwater requirements that have delayed residential construction. The Los Angeles City Council voted unanimously, 14-0, to move forward with a proposal that would simplify approval requirements for certain small residential projects submitted before the...

Los Angeles, CA · 1d

Eater

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Nancy Silverton Opens LA’s Most Hopeful Restaurant in Pacific Palisades

Altadena and its vibrant restaurant community have been well documented in the aftermath of the Eaton Fire that devastated the neighborhood; the Pacific Palisades has, so far, had less of a comeback, with fewer rebuilding permits issued to businesses. In the Palisades, though many residential buildings are in full rebuild, with construction crews scattered throughout the seaside borough, many families have opted not to return.

Los Angeles, CA · 15h

latination.com

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California beachfront home becomes the most wanted after a wave destroys it

The unique luxury property is a beachfront home in Long Beach that captured the attention of the community and investors. The destructive waves of Tropical Storm Rachel triggered a drastic price drop to attract real estate developers. Speculators see this coastal disaster as a golden opportunity amid high construction interest...

Long Beach, CA · 3d

CBS LA

partner publisher · 287.1K followers

Southern California rent to rise through 2029, USC forecast says

In their economic report for the next three years, USC researchers forecast that rents in Southern California will grow 1.4% to 2.4% between 2026 and 2029.

Los Angeles County, CA · 2d

KPBS

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San Diego apartment boom helps ease rent pressures, USC forecast says

San Diego County rents are expected to rise through 2029, but a recent boom in apartment construction helped make the county more affordable than neighboring Orange County, according to a University of Southern California forecast released Tuesday. The USC Lusk Center for Real Estate's Casden Real Estate Economics Forecast projects...

San Diego County, CA · 2d

citywatchla.com

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Foreclosure Is Not the Only Exit: Financial Options for Homeowners Falling Behind

HOUSING - What if you were to miss one payment on your mortgage? Would you lose your home?. There are still options available to you, such as payment assistance, selling your home or getting approved by your lender to walk away from your property. This also comes into play if...

Los Angeles, CA · 2d

ladailymirror.com

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November 10, 1907: Story of L.A. Real Estate Is Dislocation, Dislocation, Dislocation

Note: This is an encore post from 2006. What sort of monument do we leave for real estate developers? For John B. Althouse, who built hundreds of homes in the Wilshire district, as well as the West Adams district and the San Gabriel Valley, the answer might be nondescript offices and vacant lots.

Los Angeles, CA · 2d

Hey SoCal / Civic News

partner publisher · 36.3K followers

Horvath announces bid to become county’s 1st elected CEO

Los Angeles County Supervisor Lindsey P. Horvath announced Monday that she is running to become the county’s first elected chief executive officer, a powerful new position created under a government overhaul approved by voters in 2024. Horvath, 44, was a leading supporter of Measure G, which called for sweeping...

Los Angeles County, CA · 2d

hoodline.com

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Hollywood's Godfrey Hotel Faces Foreclosure Over $59.1 Million Loan Default

The Godfrey Hotel Hollywood, a 220-room property on Cahuenga Boulevard that opened just five years ago, is now in trouble with its lenders. A group led by an AllianceBernstein fund has taken the first step toward foreclosing on $59.1 million of debt tied to the hotel, after its owners failed to pay off a loan that matured this year.

Los Angeles, CA · 3d