UCLA Economic Forecast- June 2017

UCLA Economic Forecast- June 2017

Peter Strauss of Iconic Investments attended the UCLA Anderson Forecast on June 13, 2017. This forecast was focused on "The New Los Angeles Urban Landscape and the High Price of Housing."  Here are Peter's takeaways from the conference:

Iconic Lists - Habitat Apartments

Iconic Lists - Habitat Apartments

Iconic Investments is pleased to be marketing for sale Habitat Apartments, a 19-unit property located at 514 S. Mariposa Ave. in LA’s thriving Koreatown. This is an excellent opportunity for investors who want to capitalize on this submarket’s soaring popularity.

How Koreatown Evolved Into A Development Hot Spot

How Koreatown Evolved Into A Development Hot Spot

Karaoke, Korean barbecue and spas. Among LA residents, those are often the first things that pop to mind when they think of Koreatown. But the demographics and the dynamics of the community are changing as it increasingly becomes a hotbed for hotels, office and multifamily with Millennials

Iconic Lists - The Commonwealth in Koreatown

Iconic Investments is pleased to be marketing for sale The Commonwealth Apartments, a 12-unit property located at 441 S. Commonwealth Ave. in LA’s thriving Koreatown. This is an excellent opportunity for investors who want to capitalize on this submarket’s soaring popularity.

Trash Talk- Monopoly Coming to LA

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 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

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

Another Legislative Shot at Landlords Repeals Vacancy Decontrol

If Costa-Hawkins is repealed, owners of apartments would not be able to increase rents when a unit vacates. This would make apartments an unattractive investment. Meanwhile, there would be no incentive for owners to make capital improvements on their properties.

Iconic Lists Triplex in Hollywood Hills

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 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.

How To Pay Your On-Site Manager

How To Pay Your On-Site Manager

The topic of the on-site manager and landlord relationship has long been discussed in varies articles and in newsletters published by the AOA and the AAGLA. Many owners, however, still put themselves at risk by not properly following the law.

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.

Creative/Industrial Office Space for Lease

Creative/Industrial Office Space for Lease

Iconic Investments has listed for lease 1333 W. Temple St. in Echo Park, just minutes from Downtown Los Angeles and Silver Lake. The property can be used for creative office or industrial use. The ground floor features 4,959 sq ft of open, lobby, reception and office space. 

True Costs of Selling an Apartment Building

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

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.