TO OUR RESIDENTS: Please follow all local authorities and recommendations regarding the evacuation orders. And, although not all buildings are in the evacuation zones, please keep in mind some utility providers have turned off services such as electric and gas.
Our office is OPEN during normal business hours, for assistance please call 310.260.6363
Please note, our office will be closed on Monday, January 20th in observance of Martin Luther King Jr. Day. For property emergencies only, please call 424.330.5117
SHOWING AGENT
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Benefits include 401K, Insurance.
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JACQUELINE(at)SCOTT-PROPERTIES(dotted)COMACCOUNTS PAYABLE ASSISTANT
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JACQUELINE(at)SCOTT-PROPERTIES(dotted)COMOFFICE ASSISTANT
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Our two organizations are dedicated to promoting leadership development, education, and professional excellence in commercial real estate. We hope you will join us this year as a sponsor, vendor, and/or golfer for the CCIM Greater Los Angeles 2nd Annual Golf Tournament held in conjunction with CREW Los Angeles. Our tournament will grow over the years and promises to be an uplifting experience and a marvelous way to make a positive impact.
In a tie vote of 2-2—with one abstention—the Los Angeles County Board of Supervisors has rejected an extension of rent protections for another year and an expansion of the protections into unincorporated areas of the 4,083-square-mile county, an area more than twice as large as Rhode Island.
The City of Los Angeles Declaration of Local Emergency effective on March 4, 2020, terminated on February 1, 2023. The provisions apply to all residential rental units in the City of Los Angeles.
Los Angeles office cubicles struggle to find occupants, while the market’s warehouses are crammed with e-commerce goods. The vacancy rate for L.A. County offices rose to 16.5 percent in the third quarter, while warehouse vacancies fell to 0.9 percent since early 2020, the Los Angeles Daily News reported, citing a study by Beacon Economics.
With a Jan. 31 deadline looming, the Los Angeles City Council on Friday approved significant renter protections including one instituting universal just-cause eviction protections, making the city's apartment stock the second-largest collection of regulated housing in the country.
With Los Angeles County’s pandemic eviction moratorium set to lapse in days, the Board of Supervisors has voted to extend the countywide renters protections once more. The moratorium will now expire at the end of March. This, county leaders say, will be the last time they push the end date. The moratorium, first put in place at the coronavirus pandemic’s outset, was initially set to end Jan 31. With some on the board still worried about the lingering financial impacts of the pandemic, county leaders voted Tuesday to extend the countywide moratorium through March 31.
With just one week left until pandemic-era eviction rules were set to expire, the L.A. County Board of Supervisors voted Tuesday to extend COVID-19 renter protections for another two months. Low-income tenants across L.A. County who can’t pay rent due to hardships brought on by the pandemic were scheduled to lose eviction protections after Jan. 31. The expiration could have left an estimated 226,000 households in the region with past-due rent vulnerable to eviction if they couldn’t pay February rent on time.
The cost to rent a Los Angeles apartment dipped 1 percent in December, but that does not mean it’s becoming a cheaper city to live in, according to a research report from Apartment List, a San Francisco-headquartered rental listing site.
The median rent in Los Angeles, for apartments of all bedroom sizes, was $1,873 in December. In the previous month, Los Angeles’ median rent was $1,891.
A measure imposing a one-time transfer tax on pricy real estate passed late last year, but some groups are still looking to shoot it down.
Koreatown-based Apartment Association of Greater Los Angeles has joined the Howard Jarvis Taxpayers Association’s lawsuit against the city of Los Angeles to overturn Measure ULA, which imposes a tax on real estate that sells for more than $5 million. The legal action seeks to repeal the ordinance.
Los Angeles voters passed Measure ULA, also known as United to House L.A. and the Homelessness and Housing Solutions Tax, which is set to go into effect on April 1.
An L.A. County judge has set a late March court date for an ongoing legal challenge to Measure H, the signature Pasadena rent control law that was passed by the city’s voters in November. Measure H, which Pasadena voters approved by nearly 4,000 votes — about 8 points — is the city’s first-ever rent control law, and took the form of a new charter amendment. The measure created an independent rental board, restricts annual rent increases and implements just cause eviction and relocation assistance requirements, among other programs. It applies to tens of thousands of units in the city.