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Two-bedroom apartments listed at $1,062 a month in Los Angeles come with income limits

Monthly rents at a forthcoming Boyle Heights development will start at $1,062, giving Los Angeles renters another potential affordable housing option. The developer expects HVN on Mathews to open in December, Secret Los Angeles reported. Here's what to know. A third-party property listing shows an open affordable housing lottery for...

Los Angeles, CA · 3d
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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 · 23h
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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

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 · 1d
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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 · 20h

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 · 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 · 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 · 2d

hoodline.com

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Santa Monica Developer Pays $250K to End Fight Over Euclid Street Housing

1217 Euclid St. — Approximate Site of Disputed Housing Development. The legal fight over affordable housing at 1217 Euclid Street in Santa Monica has ended with La Brea Washington Co. LLC agreeing to drop its appeals and pay $250,000 in attorney fees. The company had challenged the city’s approval of a development agreement and ground lease with a nonprofit housing developer; a judge found the lawsuits were brought to delay the project.

Santa Monica, CA · 20h

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 · 1d

The Financial Wire

partner publisher · 65.0K 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 · 1d

Westside Current

partner publisher · 2.2K followers

Council Seeks Housing Plan for Encampments Near Olympic Venues

LOS ANGELES - With the 2028 Olympics approaching, the Los Angeles City Council wants a plan for addressing encampments near venues and transit routes and identifying resources to move more unhoused residents into housing. A motion approved Friday, Nov. 6, gives senior city officials and relevant departments 90 days to outline the effort. The report must identify potential funding for interim and permanent housing and establish a proposed schedule for putting the plan into action.Council President Marqueece Harris-Dawson introduced the motion, which covers preparations for both the Olympic and Paralympic Games.The assignment puts housing capacity alongside the logistics of outreach and encampment resolution. Council members also asked staff to seek Los Angeles County's help expanding capacity in homelessness programs.Councilwoman Ysabel Jurado, chair of the Health and Homelessness Committee, said the preparations should help unhoused residents."Instead of pushing unhoused neighbors to the wayside outside of public view, we can start taking meaningful, proactive measures to confront the crisis with newfound urgency, accountability and coordination," Jurado said.Officials must explain how outreach and encampment resolution would proceed around Olympic venues, transit hubs and transportation corridors, including the timeline and process. The report will also address anticipated response levels during the Games, current response

Los Angeles, CA · 12h

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 · 1d

layimby.com

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45-Unit Affordable Housing Development Underway at 1248 North Cherokee Avenue, Hollywood

Construction has started on a new affordable housing development at 1248 North Cherokee Avenue in Hollywood, where excavation is underway for a five-story apartment building. Seachange Partners is developing the project, with Aaron Brumer & Associates serving as architect. The building will contain 45 one- and two-bedroom apartments, with 44 homes reserved for low- and moderate-income households and one apartment set aside for an on-site manager.

Los Angeles, CA · 1d

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 · 1d

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 · 21h

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

hoodline.com

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Benedict Canyon Equities Pays $29.85M for Two West Hollywood Apartment Towers

Two apartment buildings sitting across the street from each other on Palm Avenue in West Hollywood have new ownership, after Benedict Canyon Equities closed a $29.85 million deal for the pair this week. The combined 72 units sold for $414,583 per unit, a price that landed well above the broader Los Angeles market average even as citywide multifamily values were down year over year.

Los Angeles, CA · 20h