Los Angeles Transit Projects That Will Impact Your Multifamily Property Value

Los Angeles’ traffic has become one of the most congested in the world, causing the city to work on projects to enhance the public transit system in order to alleviate the congestion. With the passing of measure M, the city of Los Angeles has embarked on a massive 50 year expansion plan. Below is a list of seven projects to look out for in the coming years that may impact the value of your apartment building. 1. Crenshaw/LAX Line LAX airport has proven to be a huge nightmare during holidays and various events throughout the year. The Crenshaw/LAX line was created to connect Downtown Los Angeles and LAX with eight other sub-station stops in between, bringing new businesses and opportunities

LIST OF NON-RENT CONTROLLED CITIES TO BUY AN APARTMENT BUILDING!

The recent tightening rules surrounding rent controlled properties has made it extremely difficult to be profitable in Los Angeles. The 3% allowable rent increase keeps rents relatively low and puts pressure on owners to actively seek ways to reduce expenses in order to keep afloat. If you’re interested in getting around rent control regulations, you should look into purchasing properties in non-rent controlled areas. Below are several hot non-rent controlled markets in Los Angeles County. Burbank – Known as a popular area for the entertainment industry, Burbank has become a hot rental market. Since it is not rent controlled, investors are flocking to this area to secure a good investment pr

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Anie Mayelian  (818) 915-9118 
DRE #0077825

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