All Forum Posts by: Colton Hector

Hi,

I am in escrow on a duplex in LA City.  The RSO ordinance allows for an owner eviction of a unit given 60 days notice and payment of relocation assistance.  I am starting to see that the landlord cannot market the unit at market rents upon moving out? Apparently you have to re-rent at the same rents that were in place with the then previous tenant.  Am I reading this wrong? If anyone has knowledge on this I would greatly appreciate it. 

@KJ L. @Caroline Marilyn I am looking at doing an owner occupancy eviction and living in the property for two years.  Per LA City rent control, apparently if i were to move out after two years I then have to re-rent the unit at whatever the previous tenant was paying?  (plus applicable increases).   Do you still live in the building? 

I would live there for 2 years to comply with la city rent control laws 

Thanks man!  The area does seem on the come up 

Hello,

I am a first time investor buying a duplex (with land to add an adu) in Echo Park/Angelino Heights.  The property is a beautiful craftsman home with a single 1b1b unit in the back and excess land.  The one downside however, is that the parcel sits about 550ft away and up a hill from the 101 freeway.  I am now into the weeds on air pollution and the long term effects.  I guess good news is we are moving to an electric vehicle world... however, should I be concerned about the long term value of this property?  Anyone have opinions?  Maybe I am just overthinking things as I typically do...  The current tenants have lived there for 5 years each so someone seems to enjoy the area.