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City Of Industry, CA · Real Estate

Westside Current

partner publisher · 2.2K followers

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 · 3d

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 · 23h

Westside Current

partner publisher · 2.2K followers

A Venice Property With Space to Share

VENICE - A wide front lawn and mature greenery welcome visitors to this Venice property, where two separate homes share generous grounds. Patios and garden spaces make outdoor living part of the appeal, with room for dinner with friends or a quiet morning coffee. Sunlit interiors and a familiar charm provide a welcoming foundation, with room for a new owner to introduce a personal style. The front residence has three bedrooms and two bathrooms in a single-story layout. Behind it, a two-story home offers two bedrooms and one-and-a-half bathrooms. Each has its own living spaces, while the grounds connect the residences. Outside, the patios offer places to gather, making the grounds as much a part of daily life as the rooms within. Abbot Kinney and the beach are nearby, with Marina del Rey also close. At home, the combination of separate residences and shared grounds gives family members space for their own routines and places to come together. Click here for more details.

Los Angeles, CA · 1d

Westside Current

partner publisher · 2.2K followers

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

Fox Business

partner publisher · 239.7K 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 · 3d

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 · 2d

hoodline.com

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North Hills Motel 6 Becomes 111-Unit Homeless Housing After Years-Long Conversion

A Motel 6 near the 405 freeway on Roscoe Boulevard in North Hills has been converted into 111 units of interim housing, according to the New York Post, with the project tied to a state-funded effort to turn old motels into shelter for homeless Californians. The building will be run by a San Fernando Valley nonprofit that says residents will get three meals a day along with case management and housing navigation.

Los Angeles, CA · 10h

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

Westside Current

partner publisher · 2.2K followers

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

Los Angeles Times

partner publisher · 778.8K followers

Inside the $40-million renovation of an Art Deco gem in bustling Leimert Park

After five phases of renovations over 20 years, totaling $40 million, the Vision Theatre in Leimert Park will reopen with 'A Proud Family Wizmas.'

Los Angeles, CA · 15h

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 · 3d

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 · 1d

Westside Current

partner publisher · 2.2K followers

Wilshire Theater Owner Agrees to Exit Fight Over Affordable Apartments

SANTA MONICA - The owner of Santa Monica's Wilshire Theater has agreed to drop its court appeals and pay $250,000 in attorney fees to settle a dispute over plans to turn neighboring public parking land into affordable housing, according to the Santa Monica Daily Press . Owners have agreed to pay $125,000 each to Santa Monica and nonprofit developer Hollywood Community Housing Corp., the newspaper reported. The agreement concerns housing planned on Euclid St., where the nonprofit proposes 48 apartments on city-owned land near Wilshire Boulevard. Most would have two or three bedrooms, giving the development a focus on families. The City Council approved the settlement 6-0, the Daily Press reported. Mayor Pro Tem Jesse Zwick recused himself, citing his work for the Housing Action Coalition. The agreement follows court defeats for the property owner and a judge's finding that the litigation was brought to delay the project, according to the Daily Press. The financial stakes extended beyond legal bills. Hollywood Community Housing told the court further delays could jeopardize $33.6 million in project funding. The owners lawsuits challenged the city's December 2024 approval of a development agreement and ground lease for the housing project. The company argued the city

Santa Monica, CA · 15h

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 · 1d

ABC7

partner publisher · 242.1K followers

La Crescenta residents cite fire evacuation concerns in battle against affordable housing project

Concerned residents and La Crescenta city leaders are urging Los Angeles County to take another look at a proposed five-story affordable housing site. They say Briggs Avenue and Foothill Boulevard offer only one way out, and with the proposed development, there would be a dangerous evacuation bottleneck and no safe way to escape danger. The neighborhood is in an area designated as a Very High Fire Hazard Severity Zone by the state fire marshal. The proposed five-story apartment complex would replace an 80-year-old motel at the corner of Briggs Avenue and Foothill Boulevard. The development would include 66 units and potentially house hundreds of residents. Tatyana Esmaelian, a La Crescenta resident, said the location could create serious problems during a wildfire evacuation. “I see this as a disaster happening, where it’s a repeat of Palisades Fire meets Eaton Fire, where people will get gridlocked to come out,” Esmaelian said. Residents say the intersection is already a potential evacuation choke point. Above the proposed development are already hundreds of homes, with Briggs Avenue serving as a primary evacuation route. Chris Kilpatrick of the Crescenta Valley Town Council called the proposed location particularly problematic. “This is probably the worst place in the

Los Angeles County, CA · 19h

Santa Monica Next

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Council Preview: City Eyes Deal to Build 301 Affordable Homes on City-Owned Land Near Downtown

At next Tuesday’s City Council meeting, the council will consider a deal to sell seven city-owned parcels near the Expo station to a developer proposing 301 affordable apartments, along with a large self-storage facility (Agenda, Item 4J.) The item is currently on the consent calendar, meaning staff expects it to be uncontroversial and pass unanimously.

Santa Monica, CA · 1d

multihousingnews.com

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Exclusive: Rainbow Housing Pays $42M for LA Senior Community

The affordable property previously traded for $18 million. Rainbow Housing has purchased Norwalk Tower Apartments, an 185-unit affordable and age-restricted community in Norwalk, Calif., according to Yardi Matrix information. Preservation Partners sold the asset for $41.9 million or $226.678 per unit. Rainbow financed the acquisition with an undisclosed amount drawn...

Norwalk, CA · 12h

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 · 2d

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 · 4d