Iconic Sells Pico Union Land

Iconic Sells Pico Union Land

Iconic Investments represented the seller and the buyer in the sale of 2261-2269 W. 14th St. in Los Angeles. The property consists of two parcels of land totaling 13,500 square feet on a corner lot.(Orchard Ave and 14th Street) in LA’s Pico Union neighborhood. Each parcel has one single-family residence. All Cash - 30 Day Close of Escrow. 

RSO Ordinance No. 184529: There Goes Landlord's Privacy!

RSO Ordinance No. 184529: There Goes Landlord's Privacy!

You are probably wondering why HCIDLA (Rent Stabilization Ordinance (RS0) and Systematic Code Enforcement Program (SCEP), is asking you to provide additional information about your rental units along with your 2017 Annual RSO/SCEP Bill.  Read how Ordinance #184529 affects your privacy as a landlord.

Iconic Sells Villa Girasol in Koreatown

Iconic Sells Villa Girasol in Koreatown

Iconic Investments sold Villa Girasol, a 16-unit apartment property in L.A.’s hot Koreatown submarket, for $2,330,00 million. The sales price for 974 S. Catalina St. equates to $145,625 per unit and $327.24 per square foot. The gross rent multiplier (GRM) is 12.28 and the cap rate is 4.2 percent.