All Forum Posts by: Jordan F.

Rick, thank you for your reply. We do have a management company that takes care of all that.  The only pending issue right now shared by both buildings would be resurfacing the parking area.

Hi there.  We are trying to sell two identical buildings separated by an enclosed courtyard.  It looks like a single complex but it is actually two different parcels.  We listed both buildings in a single listing to sell together,  but after a few months and no dice, we decided to list them separately at a lower price.  We lowered the price a second time and now have an offer on one building but several agents have told us we should really try to sell them together.  If each building belonged to a different owner, the only thing that they would have to collaborate on is, obviously, the courtyard (gardening, each side has it's own sprinkler system) , the intercom (about $120/month for the phone line), and the parking area (needs resurfacing).  Our current agent is the only agent who has suggested that we try to sell them separately since selling them together didn't appear to work.

On the other hand, maybe prospective buyers are waiting to see how much lending rates decline in the next few months and what happens with the Costa-Hawkins proposition on CA ballots this November.  What would you do?

Thanks for your post.  It was replaced with a Siemens circuit breaker a few weeks ago.

Hello,

We have an original fused disconnect from 1950, when the building was built but all of the apartments have circuit breakers.  I understand that even modern multi-families may have main disconnects that are fused.  An electrician suggests that we replace it or that our insurance company will make us do so if they see it.  Do you think that this is necessary? Thanks.

This article says 5.5-6%.  What do you all think of this???

https://www.northmarq.com/insights/research/los-angeles-4q23...

Thank you both.  Fortunately, the electric bill has not been affected.  Today I went to look at the meter and I didn't see a constant usage that I thought would be a sign of a leak in the pipe between the meter and the shutoff valve.  The little triangle would start to turn for a while and then it would stop.  However, even when the triangle was turning, the numbers wouldn't move.  I'm going to go back in a week or two to take another look.

Thank you for responding, Jeff.  We closed the bibs that were being used by the homeless but one or two are still open for the gardener.  That's a good idea to close the shutoff valve to test the pipe under the sidewalk.  Thanks again.

Hello,

Our water bill is normally $600-800 for a 10 unit building every two months.  The last biill came in at around $4,000 and we can't figure out why.  We checked all of the units, the crawlspace, the basement/water heater, and the sprinkler heads.  One running toilet was found, but that wouldn't have caused such an increase on its own.  We also had LADWP come out and inspect the meters and they said that they were working normally.  Now I'm wondering what to do next.  The only thing that occurs to me is to check the pipe under the sidewalk that goes from the meter to our shutoff valve.  Thanks.

Thanks.  We were able to get it done for $1,900.

Hi Everyone,

I have a unit whose gas wall heater just got tagged by the gas company for leaking CO.  I was quoted $5,700 by licensed contractor and $3,200 by one not licensed who wouldn't pull a permit but has done several of these before.   Both said that the whole flue would have to be replaced.  The current heater is the original from 1950 with 1950 flue.  Manager said when they replace unit they replace flue because shape on new ones is different and/or Dept of Bldg and Safety require it.  Does this sound right? Do we really need to pull the permit? The contractor with the lower price said he could do it but it would add $900 to the price.  What do you think of this and the prices?  Thank you.