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On Tuesday, June 4th, the Los Angeles County Board of Supervisors voted 3-2 (Supervisors Barger and Hahn in opposition) to destroy the rental housing in the unincorporated areas of the County by instructing staff to return with an amendment for final approval that will drastically lower the allowable rent increase formula to a mere 60% of the Consumer Price Index (CPI) with a 3% maximum ca...
The Los Angeles multifamily market outlook remains strong in 2024, thanks to the city’s broad-based, resilient economy. “From entertainment to healthcare to the tech sector, LA’s status as an economic powerhouse continues to support its multifamily market,” said Matthew Krasinski, Senior Regional Sales Manager at Chase. Los Angeles real estate trends show vac...
We want to make it abundantly clear. JohnHart Real Estate is a hard “no” on California rent control measure Proposition 33. If you missed our CEO and principal broker’s powerful message on this decision, allow this blog to elaborate on why we so passionately oppose this deceptive measure. Photo credit: Envato Currently, several cities a...
