Local Things to do in Los Angeles: July 4th 2017 Weekend

Planning your schedule for this coming July 4th weekend? Here are a couple of local Los Angeles events that will keep you busy! Kickstart your long July 4th weekend with a Friday night timeless and romantic Hollywood movie such as L’Atalante or Beat the Devil. Wake up early Saturday morning and join the Eastside Mural Ride, which aims to highlight the wonderful cultures of the Latino community through mural appreciation throughout Los Angeles. Riders will also learn about tips about bike safety, bike infrastructure, and bike mechanics. Not feeling active this July 4th weekend? Head on over to the Grammy Museum to enjoy the Monterey International Pop Festival, which allows you to relive the g

Lack Of Multifamily Investment Opportunities Have Investors Getting Aggressive

The demand is out there, the money is waiting. But where are the sellers? Across the U.S., multifamily investors are facing increasingly difficult competition for a dwindling number of properties on the market. Allied Orion Group Chief Investment Officer Ricardo Rivas knows why. The lack of deals is driving competition for the few that remain. The bid process is getting aggressive. Buyers are coming with hard money, looking to close quickly. “If you don’t have your cash in the bank and are ready to close before your offer, it’ll be hard to close a deal,” Rivas said. Sellers are sitting on properties when they are not getting the price they want, he said. “Especially the newly developed asset

How to Transfer Capital Gains to New Property

Real estate investments that appreciate over time can create a hefty tax bill at the time you sell the property. The tax -- capital gains tax -- is the difference between the adjusted cost basis of a property -- its purchase price minus the cost of improvements and costs you incur during its sale -- and the selling price. Although the IRS does not provide a capital gains exemption for a real estate investment sale like it does for the sale of a private residence, the IRS does provide a way for you to avoid the tax by transferring capital gains to new property. Facts Capital gains on tax real estate investments are due in full in the year in which you sell the property. If you are selling wit

Here Are the 5 Most Expensive Rental Neighborhoods in L.A.

In this environment of peak housing crisis in Los Angeles, most would-be renters probably want to know where the deals are. But, clearly, there's also demand for soul-crushing rents on the high end of the chart. Apartment List crunched its mid-May listings data for two-bedroom units to help us come up with a list of the five most expensive rental neighborhoods in the city of Los Angeles (below). Nearly all are on the Westside. All have rents pegged at $3,500 or greater. "One factor that is driving up prices is proximity to the ocean," Andrew Woo, director of data science at Apartment List, said via email. "Property is expensive in these areas because of their prime location, driving up renta

LA rents have surged 4.5 percent since last year

The cost of rent in Los Angeles is up 4.5 percent since last year, according to a new report from Apartment List. The analysis indicates that the median price for a one-bedroom is $1,330, while a two-bedroom rents for $1,710. If you’re wondering if those numbers are typos, we don’t blame you. When we reported on a similar report just last month, the rental website listed the median price for a one-bedroom at $1,930; two-bedrooms, according to that analysis, fetched a whopping $2,750. No, rental prices didn’t fall by hundreds of dollars per month over the course of a single month. So what happened? Well, Apartment List changed its methodology. As explained in this blog post, the website’s pre

The Fed says it'll be appropriate to raise interest rates again 'soon'

"The Federal Reserve is set to continue raising interest rates, with most officials seeing further tightening as appropriate "soon," minutes of its May meeting published Wednesday showed. As expected, the Federal Open Market Committee left its benchmark interest rate unchanged in May, and markets anticipate that it would hike again at the June meeting. CME's FedWatch Tool reflects an 83.1% probability that the FOMC will increase the target rate to a range of 1% to 1.25%. The Fed's statement after its May meeting indicated that the FOMC thought economic weakness in the first quarter was transitory. In the minutes, Fed staff members pointed to soft consumer spending and inventory investment as

Co-Living Grows Up: Scrappy Startups Preparing To Disrupt Housing On Massive Scale

The co-living industry — or housing built with smaller private spaces in exchange for lower rents, more convenience, larger shared spaces and a sense of community — is at a crucial moment in its infancy. As the country’s growing need for affordable housing coincides with its oversupplied rental market, co-living has emerged as a possible bridge for that fundamental divide, and it could shake the multitrillion-dollar housing industry to its core. Early stage startups are fundraising, hungry to become to co-living what WeWork is to co-working — that is, a company valued at $17B with more than 100 locations in more than a dozen countries. But complicating matters is their inspiration itself: We

No Bubble in Real Estate – Not Even in Los Angeles

“Everyone here says Los Angeles is in a housing bubble,” my friend in L.A. said to me this week. Is it true? Is American real estate in a housing bubble again, just like it was in 2006? The short answer is no – not at all. The smartest thing my friend could do is be bold, ignore “everyone in L.A.,” make the contrarian choice, and buy a house (or two!). We can most easily see the story in L.A. with a couple charts. The first chart is the median price of a house in LA, adjusted for inflation. You can see house prices soared in the mid-2000s… and then crashed: At this moment, house prices are on their way back up… But importantly, they’re still nowhere near their old peak prices. I get why “

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Anie Mayelian  (818) 915-9118 
DRE #0077825

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