The City of Gardena is another excellent example of a city within Los Angeles County that has not adopted Rent Control Laws, but is working very hard to protect Tenants and Renters Rights in the rapidly rising residential rental market. Although Gardena does NOT have RENT CONTROL, Gardena has adopted Rent Mediation in order to create a system which works with both the tenant and the multifamily property owner. According to the City of Gardena’s website here is some information regarding Rent Mediation we have cut and pasted below:
“The ordinance was designed to shield tenants from unreasonable rent increases while permitting the property owners to receive sufficient rent to maintain their rental units as well as receive a reasonable return on their investment.
In addition, the ordinance requires that a tenant receive a written notice of a rent increase at least thirty (30) days prior to the actual effective date of the increase if the increase is ten percent (10%) or less. If the rent increase is greater than ten percent (10%), the ordinance requires that a tenant receive a written notice of a rent increase at least sixty (60) days prior to the actual effective date of the increase. Mobile Home Park tenants must receive a ninety (90) day notice. All rent increases must also include a notice to the tenant of their right to mediation/hearing and that the tenant has ten (10) business days following receipt of the notice to file a mediation petition with the City in order to exercise their rights under Chapter 14 .04 of the Gardena Municipal Code.
If a tenant desires to file a request for mediation, he/she may do so by completing a “Request for Mediation” form and submitting it to the City Manager’s Office, Room 112 at 1700 W. 162nd Street. Within 30 days of filing, City staff and the Rent Mediation Board will review the request and schedule it for hearing typically within two weeks. For more information, contact the City Manager’s Office at (310) 217-9503 or visit City Hall, Room 112, 1700 W. 162nd Street, Gardena.”
Gardena California is a fantastic example of a well run city, working hard with an awesome community policing program, active Fair Housing Program and improving Public School System. To locate your next apartment, condo, townhouse or single family home for rent in Gardena California please click this live link. MultiFamilyOWL.com is updated hourly with available housing for Rent!
As of the writing of this blog post Long Beach California is still not subject to RENT CONTROL as the City of Los Angeles. Long Beach does have an incredible Section 8 Program assisting tenants and landlords and offers many rent mediation programs to help as well. Both the City of Los Angeles and Long Beach have very dedicated City employees and Program managers working diligently to assist tenants with rising rents in a manner which also benefits the multifamily property owners.
The City of Los Angeles takes great pride in keeping an efficient, fair and financially symbiotic relationship between tenants and multifamily income property owners. Rent Control helps landlords keep consistent rents with low vacancy rates and helps tenants offset the lack of housing and rapidly increasing rents in Southern California.
MultiFamilyOWL.com works very hard to help Spanish Speaking southern Californians locate available apartments, condos, townhomes and casas se renta. MultiFamilyOWL.com currently showcases thousands of available homes to rent in within Duplex, Triplex, 4-Plex and larger commercial apartment buildings throughout Los angeles and Orange County California.
We strongly advise our Spanish Speaking followers to visit the MultiFamilyOWL Facebook Page and request assistance from one of the many Realtors, Landlords and Rental Agents that are fluent in Spanish and ready to help Spanish Speaking clients find their new dream home to Rent.
Currently rents are rising and inventory is low for available casas Se Renta in Los Angeles California. However, MultiFamilyOWL.com is updated every hour with new inventory as Realtors input vacant casas y apartmentos se Renta.
MultiFamilyOWL.com has specialized search criteria to help locate apartment buildings within Rent Control jurisdiction throughout Los Angeles County. When searching for available apartment buildings, duplexes, triplexes, 4-plexes be sure to check or uncheck the Rent Control box to limit multifamily income properties available to those under the Rent Control jurisdiction you prefer. As we have written in previous blog posts, Rent Control and Fair Housing Regulations can be beneficial to both the landlord and the tenant. With the current shortage in affordable housing within Los Angeles County it is a great program when implemented efficiently and fairly.
Los Angeles community leaders and politicians have done an excellent job interacting with residential income property owners to find fair and equitable solutions to the housing shortage and the huge rise in current rents. Owners and tenants alike are being fairly represented and listened to. With many new large apartment buildings nearing completion throughout the City and Fair Housing Regulations and Rent Control and Rent Stabilization Mediation & Arbitration Los Angeles is working hard to help those who’s salaries have not increased enough to fill the gap for the sky-rocketing rents.
Although the City of Gardena California is not subject to rent control and has created a Rent Mediation Arbitration process to assist in protecting fair housing processes. By clicking this live link you will be forwarded to the City of Gardena Municipal Code Home Page. After arriving at the Home Page click “Chapter 14 Housing” here you will find everything you need to know as a tenant and landlord.
MultiFamilyOWL.com has many investors navigating the Mediation and Arbitration city code with great success. When followed fairly and ethically both the tenant and landlord can meet their goals. Gardena is a city with a thriving residential income property market with massive demand for apartments because of the central location and extremely active and diligent Gardena Police Department’s Community Policing Program. With an amazing Police, Fire and Public School system the City of Gardena is an amazing place to live and own investment property.
To find your next Duplex, Triplex, Fourplex or larger commercial apartment building for sale with No Rent Control please visit MultiFamilyOWL.com often as it is updated everyday with new inventory!
The apartment rental market is very tight in Los Angeles California. Making things even harder is trying to find an available apartment, condo or single family house that allows a dog, cat or even tougher multiple pets. MultiFamilyOWL.com has special search criteria to allow renters to filter through available properties that do allow our furry friends! As for most, their dog and cats are part of the family!
Please visit MultiFamilyOWL.com to search all of Los Angeles and Orange County California to find your next pet friendly rental property. From large apartment complexes, to duplex, triplex properties all the way to single family homes….MultiFamilyOWL.com has access to hundreds of pet friendly vacant properties waiting for your family!
Long Beach California has No Rent Control. With a massive influx of new businesses and commercial re-development occurring in Long Beach California over the past several years, the multifamily income property market is booming as investors pour in. Most think of Long Beach as a port city dominated by the Long Beach Harbor. However, Long Beach is no longer one dimensional, boasting dozens of new headquarters for financial, consulting and law firms. New restaurants, boutiques and convention areas are popping up every month.
The duplex, triplex and fourplex investment property market is robust, with plenty of available inventory and always constant demand. Vacancy rates are extremely low and rents continue to rise far above the national average. Landlords are supported by a very active and supportive City Council and there are no rent control restrictions.
If you are looking for an apartment, condo, townhouse or single family home to rent, please visit MultiFamilyOWL.com Additionally if you are looking to purchase a Duplex, Triplex, 4-Plex or larger commercial apartment building please visit MultiFamilyOWL.com
The South Bay cities of Redondo Beach, Hermosa Beach and Manhattan Beach do NOT have Rent Control. Additionally, with the land appreciating so fast over the last few years, more and more Duplex, Triplex and 4-Plex investment income producing multifamily properties have been torn down and new mega-mansion new construction single family residences have been built in their previous location. For this reason, the rental market is extremely tight with rental applications surging without sufficient supply of available rental inventory. We often see over 20-30 applications when a vacancy comes up, many applicants over-bidding the advertised rental rate. To find a full inventory of Duplex, Triplex and Fourplex multifamily income properties in Manhattan Beach, Hermosa Beach and Redondo Beach please click this live link!
Currently MultiFamilyOWL is displaying 638 available duplex properties for sale in Los Angeles County. This available inventory has slightly increased since January 2017. The average list price is $450,000-$500,000 and most of the available properties are in Rent Control Zones in The City of Los Angeles.
The duplex buyer absorption rate remains very strong in Los Angeles. Currently there are 412 Duplex investment properties in escrow with accepted offers. The average list price of the duplex properties in escrow is $515,000-$625,000. The Duplex income properties that are currently in escrow were on the market available on average for approximately 25-40 days on average.
Over the past 30 days, 173 Duplex Homes have closed escrow in Los Angeles County with the average closing price being over $700,000. A majority of these closings were not in The City of Los Angeles Rent Control Zones, thus the higher sales prices.
It certainly appears the Duplex Income Investment Property Market is hotter than ever in Los Angeles California. MultiFamilyOWL.com is receiving record numbers of inquiries from Duplex Owners and investors looking to add more Duplex homes to their real estate portfolios.
Hermosa Beach duplex income property for sale located at 458 Longfellow Avenue Hermosa Beach CA 90254 by John Corrales Coldwell Banker Manhattan Beach 310-346-3332.
Each unit has been remodeled and the land offers future development potential. Awesome location just 4 blocks from pristine white sand beaches and an easy walk to all the shopping and dining in downtown Manhattan Beach.
With so few income properties left, due to re-development into large luxury homes in Hermosa Beach and Manhattan Beach, the few remaining income properties very rarely become available. MultiFamilyOWL.com has all Manhattan Beach, Hermosa Beach and Redondo Beach Duplex, Triplex, 4-Plex and larger apartment buildings available updated every 15 minutes!