How Koreatown Evolved Into A Development Hot Spot
Iconic Lists - The Commonwealth in Koreatown
Trash Talk- Monopoly Coming to LA
Beginning in January of 2018, the City will be divided into 11 franchise zones controlled by seven companies. Private trash companies will have the exclusive right to service multi-family properties within their zone. Zero Waste LA extends this monopoly to service businesses, office, retail and industrial properties.
Iconic Lists - Sanctuary on Kingsley Development Opportunity
Iconic Investments has listed for sale, Sanctuary on Kingsley, a development opportunity in LA's Koreatown submarket. The parcel of land located at 328 N. Kingsley Drive is 28,370 square feet and zoned R3-1. While the current improvements on the property are 20 apartment units, a developer can build up to 48 units
UCLA Economic Forecast March 2017
Iconic Investments attended the UCLA Anderson Economic Forecast on March 8th, 2017. The theme was “Tweetonomics”. Iconic got a chance to speak with Stuart Gabriel after the forecast to get his opinion on class B and class C multi-family buildings in Los Angeles. While some forecasters predict rents will grow by 5% per year
Another Legislative Shot at Landlords Repeals Vacancy Decontrol
Iconic Lists Triplex in Hollywood Hills
Iconic Investments was selected to sell 3160 Barbara Court, a triplex in the Hollywood Hills neighborhood of Los Angeles.Located minutes from Studio City, Hollywood and Toluca Lake, 3160 Barbara Court consists of a 2- bedroom + Den/1.25 bath single-family residence of roughly 1,400 square feet and two 1-bedroom/1-bath units of roughly 600 sq. ft.
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!
How To Pay Your On-Site Manager
Iconic Sells Villa Girasol in Koreatown
Creative/Industrial Office Space for Lease
True Costs of Selling an Apartment Building
As you consider selling your investment property, it is essential that you have a clear understanding of what your net proceeds will be at the close of escrow. We will outline typical costs sellers are responsible for, and other costs that are open for negotiation with the buyer. This guide allows you to estimate your net proceeds.
Q & A with Economist William Yu on What LA Faces in the Year Ahead
The way ahead in Los Angeles requires denser development that would ease the supply issues that make housing unaffordable for so many LA residents, according to UCLA Anderson Forecast economist William Yu. Peter Strauss of Iconic Investments chatted with William about his expectations for the coming year. Peter gave Bisnow an exclusive look.
Choosing a Structural Engineer for Earthquake Retrofits
Some owners have already started the process of consulting with a structural engineer or an all-In-one construction company that will design the structural plans, formulate the tenant habitability plan and perform the construction. Although an all-In-one company may seem easier, it could end up costing you more money.
AppFolio- Management Software Review
UCLA Economic Forecast December 2016
Iconic Investments attended the UCLA Anderson Forecast presentation on December 6, 2016. The main theme of the 2017 forecast was “Trumponomics” - how Donald Trump's fiscal policy will affect the US economy, and the elements of his plan. Post-Election, the financial markets have seen an immediate and sharp rise in the stock indices,
Tips on Refinancing your Apartment Units
In today's capital markets banks are lending money, however, since the election we have seen interest rates increase over .75 bps. Below are some tips to help you navigate through the loan process. Fixed Rate Mortgages are a good choice right now as interest rates are expected to continue to rise over the next few years.
Press Release- Iconic Investments Sells Casa Cabrillo Apartments
Iconic Investment’s Peter Strauss sold Casa Cabrillo Apartments, a 16-unit apartment building at 2731 W. 15th in Los Angeles for $2.2 Million. Our marketing efforts generated eight competitive offers ranging from $1.85 to $2.2 million. The property closed escrow $120,000 above the listing price, which set a new record