The ballot initiative to repeal the Costa-Hawkins Rental Act is moving forward. Over the last few months, advocacy groups, like the AIDS Healthcare Foundation, have been actively collecting signatures
One certainty is that interest rates will rise this year. So, what does this mean for values of apartment buildings? Some economists will debunk the idea that there is a correlation between rising interest rates and CAP rates,
Iconic is pleased to present for sale The Vales, a small lot subdivision opportunity in LA’s thriving Hollywood submarket. Located at 4331 Burns Ave., between Vermont Blvd. and Virgil Ave., the parcel of land is roughly 9,569 square
This article will discuss how owners can recoup a percentage of the retrofit costs by taking advantage of the Seismic Retrofit Work Program offered by the Los Angeles Housing & Community Investment Department (HCIDLA).
I’ve always been curious why a billion-dollar nonprofit like the AIDS Health Care Foundation (AHF) is involved in these issues at a local level. What is it about these issues that strikes a cord with Michael Weinstein of AHF?
Back in March, we discussed how the City of Los Angeles passed “Zero Waste LA” on Jan. 9th, 2017. This private/public partnership between the City of Los Angeles and private trash companies created 11 franchise zones
On December 13th, the Los Angeles City Council approved Mayor Eric Garcetti’s proposal to charge developers a linkage fee that is expected to generate $104 million annually. The money is earmarked to fund
Iconic Investments attended the fourth quarter UCLA Anderson Forecast on December 6th. The theme of this forecast was "Sunny 2018, Cloudy 2019." This article will summarize what was discussed at the forecast and provide
Peter Strauss of Iconic Investments sold 855 Irolo Street in Koreatown on behalf of a longtime client Berta Sosa. The multi-family property changed hands for $1.5 million in an all-cash transaction.
Last week, Bob Champion of Champion Real Estate voluntarily offered to make all the units on his new 20-story, 210-unit project -- at 6220 Yucca Ave in Hollywood
I've been asked to sit on the board of the Guardians of the Los Angeles Jewish Home. On December 13th, we are having our 2017 Real Estate Dinner at the Beverly Wilshire Hotel. I hope you will consider attending.
Iconic Investments represented the seller in the sale of Sanctuary on Kingsley (328 N. Kingsley Drive) in LA's Koreatown neighborhood for $3.4 million. The charming 1920s-era property features 20 bungalow
This is the fuel that Assembly Member Richard Bloom needs to move AB1506 forward and get it on the November 2018 ballot. In February, we told you about a bill (AB1506) that would repeal the Costa-Hawkins Rental Housing Act
Iconic Investments announces the sale of The Commonwealth (441 S. Commonwealth Ave.), a renovation/development opportunity in LA's Koreatown submarket, for $2.6 million. The property sold at a 16.21 GRM and a 3.36% Cap.
On September 27, Iconic Investments attended the quarterly UCLA Economic Forecast. The topic of this forecast was “The Death and Life of Retail in America.”
Rent control laws are becoming stricter, and evictions are harder to win. That’s why multifamily landlords must protect themselves by prudently selecting tenants.
Iconic Investments announces the sale of Habitat Apartments (514 S. Mariposa Ave), a renovation and repositioning opportunity in LA's Koreatown submarket, for $4,030,000. Property sold at a 16.94 GRM and a 3.15% Cap Rate.
Third-party companies have partnerships with local governments. These governments issue municipal bonds to fund your earthquake retrofit work. The financing of the earthquake retrofit work is then levied as a special assessment on your property taxes.
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 Investments’ Peter Strauss presented the buyer on the purchase of a 6-unit apt building at 1277 W. 23rd Street, adjacent to the University of Southern California. The buyer has the ability to renovate and remodel the entire building to attract USC college students
