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Santa Monica Daily Press

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Apartment complex with its own Trader Joe's goes up for auction

Do you have a Scrooge McDuck sized bag of money and an equally large addiction to the chocolate covered peanut butter pretzel bites from Trader Joe’s? If so, you might want to head over to a December 3 auction where you can purchase your very own store alongside a distressed luxury apartment complex.

Los Angeles, CA · 18h
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hoodline.com

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Hundreds Swarm Westlake's Mayfair Hotel After Housing Rumor Spreads Online

Hundreds of people seeking housing descended on the Mayfair Hotel in Westlake on Thursday after false information about the property spread on social media, drawing a crowd so large that police had to step in for crowd control. According to FOX 11 Los Angeles, the Los Angeles Police Department responded...

Los Angeles, CA · 9h
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The Cool Down

partner publisher · 249.3K followers
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Two-bedroom apartments listed at $1,062 a month in Los Angeles come with income limits

Floor plans will range from about 400 to 550 square feet.

Los Angeles, CA · 2d

Westside Current

partner publisher · 2.2K followers
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Amid Eviction Measure Passage, Opponents Continue Push For Protections

SANTA MONICA - A new Santa Monica eviction measure has officially passed . Now, members of a renter advocacy group say they feel disappointed by the results, but are more motivated than ever to continue their fight. Measure GG grants landlords two new pathways to evict tenants from deed-restricted affordable housing units - If a tenant refuses to provide documentation proving that their income qualifies for the deed restriction, or if their documentation shows they no longer qualify. The measure also changes the maximum fee for registering as a renter for these units. Beginning in 2028, the fee will no longer be capped at $288 - instead, it will be adjusted by up to 5% annually to address inflation. With Measure GG now passed, some advocates are still warning of the risks to Santa Monica's large population of renters. "We're not just talking about evictions. We're talking about communities completely changing," said Loya. "The diversity of our city is at risk." Loya founded Renters United as an advocacy group following a PNA town hall meeting about the measure where she described seeing confusion and worry from her neighbors. She previously told the Westside Current that the group was formed to

Santa Monica, CA · 1d

Yahoo!

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LA Tenants Say They're Losing Parking to New ADUs—Now There's a Lawsuit

Accessory dwelling units (ADUs) have recently been celebrated as the perfect solution to the housing crisis. Homeowners across the country have been considering these types of "small houses" for their properties, allowing them to get more space for anything from in-law suites to she-sheds. The support behind ADUs is so...

Los Angeles, CA · 1d

Vox

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Los Angeles is about to test a new kind of housing politics

It’s notoriously hard to govern Los Angeles, a city that gives its mayor less direct authority over the government than in a city like New York or Chicago. But even so, it’d be hard to do much worse than Karen Bass. Elected mayor of LA in 2022, Bass...

Los Angeles, CA · 17h

Daily Mail

partner publisher · 2.2M followers

Long Beach oceanfront home destroyed by storms has developers lining up to buy after a $2m price cut

The four-story property was declared unsafe after October's storms smashed through its lower levels, leaving extensive damage. Despite fears of further destruction developers are lining up to buy it.

Long Beach, CA · 11h

liveinsurancenews.com

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California Landlords Are Losing 6 Figures to Squatters — and Their Insurance Won’t Pay for It

Rob Casares bought a four-unit complex in South Los Angeles about 15 years ago. It was an investment and a way to provide housing in his community. Over the past three years, squatters broke into three of his units at different times. By the time the last one was removed — a process that took nearly a year — Casares told Spectrum News that the combined damage and lost rent had cost him six figures.

California · 1d

Robb Report

partner publisher · 83.1K followers

Inside Richard Saghian’s $300 Million-Plus Property Portfolio

Richard Saghian knows how to move merchandise. Since founding Fashion Nova in 2006, he’s turned a single Los Angeles retail business into a fast-fashion empire. His latest obsession, however, has nothing to do with what’s trending on Instagram. The son of an Iranian immigrant who owned a women’s clothing store in Los Angeles’s Fashion District, Saghian grew up around the apparel industry before opening his first Fashion Nova outpost in a San Fernando Valley mall. The real turning point came in 2013, when he took the brand online. Fashion Nova already had a sizable Instagram following, thanks to customers and influencers tagging its clothes in their posts, and Saghian turned that online buzz into a marketing machine, churning out hundreds of new styles each week and enlisting celebrities including Cardi B, Kylie Jenner , and Khloé Kardashian to help spread the word. The strategy worked. Fashion Nova grew into a multibillion-dollar business, making Saghian, whose fortune Forbes estimates at $2.1 billion, one of retail’s biggest success stories. Away from the fast-fashion frenzy, the billionaire has developed an appetite for trophy real estate, spending more than $300 million on homes in some of the country’s most coveted markets. His portfolio runs

Los Angeles, CA · 21h

wehoonline.com

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One Unfixed Apartment Could Freeze Rent Hikes Across a West Hollywood Building

In a city where about four in five households rent, protecting renters has always been a priority at City Hall. Still, tenants will say the City falls short when they’re facing displacement, waiting months for repairs or losing services they counted on when they moved in, like parking or a working elevator. On Monday, the Council approved new guidelines for how much tenants can get off their rent when those services are lost. It also moved ahead with a proposal that could take effect next July and stop a landlord from raising rents across an entire building when a serious health or safety problem goes unresolved. Getting a rent reduction and getting the work done are two different things. Take North Harper Avenue.

West Hollywood, CA · 19h

hoodline.com

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Santa Monica Parking Lot Set to Become 110-Unit Tower Near Santa Monica Blvd

A surface parking lot on 5th Street in Santa Monica is on track to become an eight-story apartment building with 110 market-rate units, according to fresh renderings and a staff report tied to the project. The proposal includes a three-level subterranean parking garage and a mix of studio, one-bedroom, and two-bedroom apartments on the west side of 5th Street, just north of Santa Monica Boulevard.

Santa Monica, CA · 12h

hoodline.com

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L.A. Landlords Convert Tenant Parking Into ADUs, Renters Fight Back in Court

Tracey Ellis has lived in her rent-stabilized apartment near the Sunset Strip since 2001, and her lease has always included a parking space. Now, at 70 years old and relying on a cane or walker because of mobility problems, she fears that could disappear — along with her ability to stay in her home.

Los Angeles, CA · 2d

multihousingnews.com

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Orange County Multifamily Report – October 2026

This market is showing coastal chops. Orange County’s multifamily fundamentals remained comparatively firm in August despite softer occupancy. Advertised asking rents rose 0.3 percent, on a trailing three-month basis to $2,897, ahead of the 0.2 percent U.S. gain to $1,773, while annual growth held at 1.4 percent, 100 basis points above the national rate. The occupancy rate in stabilized properties was tied with San Francisco for the third tightest in the U.S. at 96.4 percent in July, despite dropping 30 basis points year-over-year.

Orange County, CA · 1d

Yahoo!

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New Culver City development will add hundreds of apartments, two parks and restaurants

Construction has begun on a $200-million apartment complex in Culver City at a time when housing development in much of Los Angeles County has slowed in spite of strong demand. The earth is being graded at the busy intersection of Jefferson and Sepulveda boulevards to make way for the development...

Culver City, CA · 2d

Realty Today

partner publisher · 1.3K followers

Brookfield Walks Away From DTLA’s Beaudry Apartment Tower, Handing Back Keys on Its Last Downtown L.A. Bet

Brookfield Properties has surrendered The Beaudry, its 64-story apartment tower in Downtown Los Angeles, telling its lender this summer that it would hand back the building rather than refinance a roughly $360 million loan at current interest rates, Bisnow reported Tuesday based on a Wall Street Journal investigation. The lender,...

Los Angeles, CA · 19h

The Financial Wire

partner publisher · 64.8K followers

Austin’s median list price fell 10.2% from a year earlier to $439,650 in October and Los Angeles’ fell 9% to $1 million, Realtor.com says

Austin’s median list price fell 10.2% from a year earlier to $439,650 in October, and Los Angeles’ fell 9% to $1 million, Realtor.com said in its October housing report. The national median list price fell 2.2% over the same stretch, so both cities dropped four to five times as far as the country. How much... The post Austin’s median list price fell 10.2% from a year earlier to $439,650 in October and Los Angeles’ fell 9% to $1 million, Realtor.com says appeared first on The Financial Wire .

Los Angeles, CA · 20h

The Financial Wire

partner publisher · 64.8K followers

One-bedroom rents in October hit $2,475 in New York, $1,864 in Los Angeles, $1,723 in Chicago and $1,116 in Houston, Apartment List says

A one-bedroom apartment in New York cost a median $2,475 in October, against $1,864 in Los Angeles, $1,723 in Chicago and $1,116 in Houston, Apartment List says. The figures come from the company’s city rent table, published Oct. 28, which covers the 100 largest cities. A move from Houston to New York adds $1,359 a... The post One-bedroom rents in October hit $2,475 in New York, $1,864 in Los Angeles, $1,723 in Chicago and $1,116 in Houston, Apartment List says appeared first on The Financial Wire .

Houston, TX · 3d

Washington Examiner

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West Hollywood finds time to give legal benefits to throuples

Californians are facing a litany of issues, from high taxes to unaffordable housing to gas prices. In West Hollywood, leaders have finally decided to deal with a major issue facing their residents: giving legal benefits to throuples. The West Hollywood City Council unanimously approved an ordinance recognizing the legality of...

West Hollywood, CA · 22h

Santa Monica Daily Press

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Developer drops appeals, will pay $250,000 to the city after judge finds Euclid Street housing suit was filed to delay

The city of Santa Monica and its nonprofit housing partner have closed out a nearly two-year legal fight over a planned affordable housing project at 1217 Euclid St., after a property owner that lost in court agreed to drop its appeals and pay $250,000 in attorney fees. The settlement, announced...

Santa Monica, CA · 18h

DMR News

partner publisher · 4.2K followers

Brad Bankenbush Closes Four Recent Luxury Home Sales Across Newport Beach, Corona del Mar and Newport Coast

Brad Bankenbush has closed four recent luxury home sales across Newport Beach, Corona del Mar and Newport Coast, led by the $17,999,000 sale of 53 Montecito. The transactions add to more than $250 million in career real estate sales for a business rooted in coastal Orange County, with a network extending to Los Angeles and […]

Newport Beach, CA · 1d