Los Angeles, CA Real Estate

Is California Finally Ready to Help Renters?

Rents are rising again in Southern California and, to no one’s surprise, the effects of inflation dominate many of the conversations around the topic. A spike in borrowing rates, people are quick to note, not only prevents some renters from becoming homeowners, but drives up the cost of new construction altogether. That keeps vacancy rates low and prices high.
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Fred Armisen Buys Historic Los Angeles Lodge for $4.3 Million

Fred Armisen is swapping one historic Los Feliz charmer for another. The actor and comedian paid slightly under $4.3 million for a French Normandy-style house that was completed in 1930 after listing his longtime 1926-built English Tudor home for $3.5 million two months ago, according to Dirt. The SNL alum’s...

Short-term rentals dropping | Small-lot homes in Eagle Rock and Los Feliz

Here's your rundown of Eastside real estate news. We can provide you with more community news -- but we need your help. For more than a decade, The Eastsider has brought you community news you can’t find anywhere else. Nearly every day since it launched, The Eastsider has told you about the people, the issues and the events going on in your neighborhood. But you may not realize all this happens with only one full-time employee — me. I am fortunate to have a handful of talented, part-time workers and freelance writers. Readers have been generous with story ideas and photos. However, for The Eastsider to keep growing, I will need more help.

This Modern $3.5 Million Manse in LA Has Separate Wings for Work and Living

The late award-winning architect and artist David Ming-Li Lowe was known for his industrial innovations in the homes he built. In 1994, he was credited for designing the first earthquake-resistant home in Los Angeles—his own home—by placing 17 truck-sized coils underneath the edifice. This idea caught the attention of structural engineers, the city’s building inspectors and the US Geological Survey. While not every home he ever constructed included these earthquake-resistant coils, Lowe’s projects are identifiable by the industrial style and materials—and this home at 1949 Federal Avenue is no different. Located in the trendy Sawtelle neighborhood of Los Angeles, the residence,...

VMG Properties Sells 24-Unit Apartment Building in Long Beach for $9.3MM

Long Beach, Calif. December 8, 2022 – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $9.325 million sale of a 24-unit apartment property located at 1867 Temple Avenue in Signal Hill, a city completely surrounded by Long Beach. Principal Robert Stepp and...

Thatcher Yard affordable housing project breaks ground in Marina del Rey

MARINA DEL REY, Calif. — It’s taken six years, but a new 98-unit permanent affordable and supportive housing community in Marina Del Rey broke ground Thursday. After protracted negotiations with neighborhood members about the development’s overall design, the building’s height and the number of units, Thatcher Yard is on track to open in about two years.

Frances Anderton Explores LA’s Rich Multifamily Housing Identity

"My book is, for the most part, a celebration of the multifamily housing that is great…if you lead with the caveat that it definitely has to be equitable and stable, there is multifamily housing in LA that offers up a lifestyle that is every bit as pleasant and desirable as the much-exalted single-family home."—Frances Anderton.

Despite Higher Mortgage Rates, Lower Sales, US Home Prices Rise

An overwhelming majority of metro markets saw home price gains in the third quarter of 2022 despite mortgage rates that approached 7% and amidst declining sales, according to the National Association of Realtors’ (NAR) latest quarterly report. Forty-six percent of 185 tracked metro areas in the US registered double-digit...

11-Story Historic Trust Building Remains on Market in Downtown Los Angeles

While the Los Angeles office market still hangs in uncertainty as many companies shift to hybrid and remote work methods, several prominent Los Angeles buildings remain up for sale. One of these buildings is the historic Trust Building, a 334,366 square foot building in downtown Los Angeles. The property, which...

2535 East Chevy Chase Drive, Glendale

Sited against the Glendale hills and framed by oak and eucalyptus trees, the Mayan-inspired Derby House is celebrated as one of Lloyd Wright’s strongest achievements. Built in 1926 for businessman James Derby and his family, this well-preserved, five-bedroom home earned a spot on the National Register of Historic Places. The post 2535 East Chevy Chase Drive, Glendale appeared first on Pasadena Magazine.

10 Housing Markets Where Home Sellers Are Giving Up

As 2022 has marched forward, it’s become increasingly clear that the slowdown in the U.S. housing market is going to stick around for at least a little while. That reality is causing some home sellers to throw in the towel. In many cities, large numbers of sellers are removing...

Cityview Unveils Name and Vision for New 123-Unit Mid-City Los Angeles Transit-Oriented Workforce Housing Development

LOS ANGELES, CA - Cityview, a premier multifamily investment management and development firm, today unveiled the name of its 123-unit workforce housing project in Mid-City Los Angeles as Liv on Pico. The firm shared the transit-oriented development’s name and vision at an event celebrating the project, which will provide much-needed housing adjacent to Culver City and Miracle Mile and includes 13 affordable units. Designed with sustainability in mind, the project is built to LEED Silver standards.

William Randolph Hearst’s Roaring ’20s Townhome in LA Can Be Yours for $25,000 a Month

Media mogul William Randolph Hearst had his fair share of extravagant properties on the West Coast. However, a lesser-known part of the publisher’s real estate portfolio is a glitzy Los Angeles townhome known as “The Hearst Suite.”   Dating back almost a century, the prized apartment has hit the market as a lavish rental in the Los Altos complex on Wilshire Boulevard. Asking a cool $25,000 a month, the swanky two-floor suite includes four bedrooms, four bathrooms and an impressive 3,005 square feet of living space. Hearst’s former abode is actually two units that have been combined, per the request of the newspaper tycoon and his...

5 Inglewood single-family homes priced under $700,000

INGLEWOOD, Calif. – Inglewood home prices are steadily decreasing as interest rates continue to rise. Inglewood is perfectly situated amongst three freeways and in close proximity to the LAX Airport and local beaches. The City continues to enhance the sports and entertainment district by embarking on an ambitious partnership...

110-Unit Project Moves Forward in Los Angeles’ Koreatown Neighborhood

A 110-unit apartment project is moving ahead in Los Angeles, after recently receiving approval from City officials. The project, by Six Peak Capital, was approved last month and will soon take shape along Francis Street in the city’s Koreatown neighborhood. According to project plans, the development – located at...

Christopher Rizzotti Voted Best Realtor in myBurbank’s Best Contest 2022

Burbank native Christopher Rizzotti has been the standard in real estate throughout the San Fernando Valley and Greater Los Angeles Area for nearly two decades. Named by Real Trends Americans Best Top 1.5% Producers in the Nation, Chris is a Licensed Real Estate Broker, holds a Senior Real Estate Specialist (SRES) Certificate, and is a Licensed Insurance Broker and Notary Public for the State of California. Chris was entered into the Real Estate Hall of fame in 2018. His dedication to clients is unmatched in residential real estate and his full-service approach to each transaction is what sets Chris apart from the rest. “Chris is an excellent communicator who will guide you throughout the entire buying and selling process. His experience ensures that you are protected foremost, and his knowledge allows you to make an informed decision.”