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In My Neighborhood in 90275 : Real Estate Advice

  • All16
  • Local Info6
  • Home Buying2
  • Home Selling3
  • Market Conditions1

Activity 4
Mon Nov 12, 2012
Yeprem P. Davoodian, M.A. answered:
Sorry, don't know. But the one in Chatsworth/Granada Hills is still open.

Yeprem P. Davoodian
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Thu Aug 23, 2012
Jim Mitchell answered:
Dear T. Duvernet,

Buying rental property is a rent controlled area depends on the rules for the area. L.A. for instance I believe exempts single family homes and propertyt built since 1978. If it is vacant when you buy you can charge what the market will bear. After that you are limited by their rules. If you charge market rent and raise rents as much and as often as you can you may not be at any disadvantage versus non- rent controll.

Some cities (Santa Monica?) force landlords to comply with their limits EVEN IF THE UNIT IS VACANT WHEN YOU BUY! In other words you inherit the previous owner's last rent as a starting point as if there had been no vacancy. There are usually exceptions for evicting a tenant because you or a family member want to move in but you probably would need to pay your tenant and their cost to move.

If you have more questions contact me at 310 265 1816 or I have owned and managed rental properties in the South Bay since 1976.
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Tue Oct 18, 2011
Walter 'Skip' Kersten answered:
Good morning,
We need a little more information regarding your comment/question.
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Mon Oct 17, 2011
Michelle Moebius answered:
Hi, in Manhattan Beach try Mama D's Italian (downtown) and Islands in the Manhattan Village. Also great is Red Robin in the South Bay Galleria outside on Nordstrom end.
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