ACTION Apartment Association

Refurbished 1950s Santa Monica Apartment Complex Sells for $70 Million

10/05/2021 8:30 AM | Margaret Fulton (Administrator)

A refurbished 38-unit apartment building that was the subject of a bitter battle to keep affordable housing in Santa Monica has sold for $70 million, the selling agent announced Monday.

Built in 1952, the former rent control building at 301 Ocean Avenue was sold by the Malibu-based Marquis Property Company, Ltd. to an Asian private investor, according to CBRE, which represented the seller.

L.A. County tenant protections explained

10/04/2021 9:44 AM | Margaret Fulton (Administrator)

Here are some pointers for how to navigate the complex landscape of COVID-19 eviction rules.

New attack on Prop 13 targets residential property

10/04/2021 9:39 AM | Margaret Fulton (Administrator)

A new attempt is afoot to undermine Proposition 13 at the ballot box, and this time, high-value residential properties, including rental housing, are being targeted.

Organized labor, specifically Service Employees International Union-United Healthcare Workers West, filed paperwork with the state Attorney General’s Office to place the measure before voters in the November 2022 general election.

Small-time landlords and renters struggle to get their share of rental relief

10/04/2021 9:35 AM | Margaret Fulton (Administrator)

Landlord Catherine Esposito said between lost rental income and the cost of renovating a ruined property, she’s fallen into debt. The extensive process of federal assistance shuts some out of funding.

See Video: https://news.yahoo.com/gma/small-time-landlords-renters-struggle-033638439.html

LA eviction ban in place

10/01/2021 9:58 AM | Margaret Fulton (Administrator)

Los Angeles officials gathered with tenant rights advocates on Thursday, Sept. 30, to spread the word that the city’s eviction moratorium is still in effect, despite the state moratorium’s expiration.

State’s eviction moratorium ends today, what you need to know

09/30/2021 9:17 AM | Margaret Fulton (Administrator)

While the eviction moratorium has been in place, landlords have had to provide a 15-day notification for missed rent and this will still be the case for any rent that was due before Sept. 30. However, for rent that comes due after Oct. 1 landlords will now once again be able to provide tenants who have missed rent with a traditional three-day pay or quit notice.

Santa Monica City Council Snubs Property Owners' Forum with Sheriff Villanueva

09/30/2021 9:10 AM | Margaret Fulton (Administrator)

Only Phil Brock and Oscar de la Torre attended the forum arranged by downtown property owner John Alle to address solutions to the problems caused by the homeless in Santa Monica.

Council Takes Initial Step to Challenge Housing Mandate

09/30/2021 9:09 AM | Margaret Fulton (Administrator)

Brock said he sees little risk in a move that reflects "the will of the residents," who oppose a "huge allotment" of new housing in Santa Monica that would "change the character of the city."

The Regional Housing Needs Assessment (RHNA) allocation, Brock said, "is tremendously higher than out past RHNA requirements, and it seems there has been controversy about this for the last year and a half."

Santa Monica Issues 40th Emergency Supplement

09/30/2021 9:07 AM | Margaret Fulton (Administrator)

They include the suspension of water shutoffs for nonpayment of water bills and the adoption for enforcement of Los Angeles County public health orders.

They also include planning-related orders that set time limits on loud construction activities and extend deadlines for planning and permit-related activities.

AND: https://www.santamonica.gov/press/2021/09/29/santa-monica-extends-local-emergency-to-october-31-2021

More on Promenade

09/30/2021 9:00 AM | Margaret Fulton (Administrator)

As part of a long-term plan to transform the Promenade into a more vibrant, unique and experiential destination, City Council altered zoning ordinances to help bring a host of new business types to the Promenade.

The new permissible land uses include childcare services, pet stores, hotels, medical and dental offices, tattoo parlors, cinemas and theaters, convention centers and general personal services. The zoning changes also gives businesses more flexibility to utilize rooftop, second floor and alleyway spaces.

AND: https://www.santamonica.gov/press/2021/09/29/council-approves-more-flexible-zoning-for-third-street-promenade-to-fast-track-economic-recovery