Ideal SoCal Homes

Ideal SoCal Homes Ewing Sotheby's Int'l Realty Calabasas
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Springtime in Calabasas
04/25/2019

Springtime in Calabasas

Calabasas Lake. The jewel of the city! A great place to call home
04/18/2019

Calabasas Lake. The jewel of the city! A great place to call home

My buddy is going viral trending on Apple Google and now on Fox News. Super proud of Justin Paperny
04/04/2019

My buddy is going viral trending on Apple Google and now on Fox News. Super proud of Justin Paperny

23301 Hartland St. West Hills.. Open Friday 10:30-1:30 and Sunday 1:30-4:30 Fabulous 3 beds 3 full baths over 2300 sq ft...
04/04/2019

23301 Hartland St. West Hills.. Open Friday 10:30-1:30 and Sunday 1:30-4:30 Fabulous 3 beds 3 full baths over 2300 sq ft offered at $819,000 worth every penny and then some!

Hey Real Estate Fans. Important changes to your Air BnB and ADU. Ya I know its complicated. ????s call me1.  ADUs - LA's...
03/11/2019

Hey Real Estate Fans. Important changes to your Air BnB and ADU. Ya I know its complicated. ????s call me

1. ADUs - LA's proposed ordinance is still in the PLUM (Planning and Land Use Management) Committee, so the State's legislation currently applies in LA City;

2. Short-Term Housing, i.e. Air BNB, - L.A. City Ordinance No. 185931, basically provides:
• Effective July 1, 2019.
• Called "home sharing".
• Limited to the host's primary residence and the host (owner) must reside in the residence at least 6 months per year to qualify.
• ADUs may not be used.
• Short term rental is 30 consecutive days, or less.
• Accessory use of a host's primary residence for a maximum of 120 days per calendar year.
• Host must apply for Home-Sharing registration at current cost of $89, valid for one year and only at host's primary residence. Registration may be renewed annually by the host with renewal fee and if in compliance.
• Host may pay fee to apply for Extended Home Sharing Registration to be allowed to home share their property more than 120 days per year and record will be checked for possible Citations and compliance.
• Fines for failure to apply and comply from $2,200 to $20,000

3. On June 4th Special Election Ballot: Quality Teacher, Class Size Reduction, and Local School Safety Measure (LA Board of Education's created Parcel Tax):

$0.16 per sq ft of building improvements per year on each parcel of taxable real property within the L.A. Unified School District for 12 years

Tax collected by LA County Treasurer-Tax Collector at same time, manner and subject to same penalties as property tax. Parcel Tax would be collected starting Fiscal Year 2019-2020.

Exemption from payment of the special tax may be granted on parcel:
a. Owned by one or more persons 65 years of age or older who occupies parcel as principal in residence (owner must apply for "Senior Citizen Exemption");
b. Owned by one or more persons receiving supplemental security income for a disability, regardless of age, or social security disability insurance benefits, regardless of age, whose yearly income does not exceed 250 percent of the 2012 federal poverty guidelines, who occupies the parcel as a principal in residence (owner must apply for "Disability Benefit Recipient Exemption").
c. It is anticipated this tax would provide approximately $500,000,000 annually for 12 years to LAUSD.
d. Funding to be used for all LAUSD public schools, including, but not limited to, K-12 schools, adult/vocational/career schools, early education centers, and local charter schools, with no funding going to the State.

Coming soon! West hills Gem @ West Hills, California
03/11/2019

Coming soon! West hills Gem @ West Hills, California

03/11/2019

West Hills Home You Gotta see! Coming soon.. Call me

03/08/2019

$$ continues to pour into NoHo Arts District Real Estate

Destined for a landfill, shame I liked it
03/08/2019

Destined for a landfill, shame I liked it

03/06/2019
City Fishin’

City Fishin’

Closin’ deals and catchin’ fish🦈

10/17/2018

VOTE NO on Prop 10! it matters! As a homeowner and Realtor for over 30 years my focus on Real Estate is keen.

PROP 10 WILL ELIMINATE HOMEOWNER PROTECTIONS.

Prop 10 eliminates protections for homeowners and allows regulators to tell single-family homeowners how much they can charge to rent out a single room in their homes. Homeowners will be subject to regulations and price controls enacted by unelected boards.

PROP 10 WILL STICK TAXPAYERS WITH LEGAL BILLS.

Prop 10 contains a hidden loophole requiring taxpayers to pay the initiative supporters’ legal bills for participating in certain lawsuits, even if they lose and even if their position is frivolous. This blank check benefits lawyers and puts taxpayers on the hook for limitless legal bills.

PROP 10 WILL REDUCE HOME VALUES.

The policies authorized by this initiative have been shown to reduce property values by more than 10%, according to MIT researchers, and significantly restricts what single-family homeowners can do with their homes. The average California homeowner could lose $60,000 in the value of his or her home if this initiative passes.

03/17/2018
Hope You All had a Great Valentine Day !
02/15/2018

Hope You All had a Great Valentine Day !

02/10/2018
Home’s Value Factors You Should Know
02/10/2018
Home’s Value Factors You Should Know

Home’s Value Factors You Should Know

Sellers are looking to get the maximum amount for their home, and some have an inflated idea of what to expect when finding the value of their home. Do home renovations truly give you a big return …

Well real estate fans. The new complex tax law passed. Here is a fairly condensed and very concise over view of the law....
01/31/2018

Well real estate fans. The new complex tax law passed. Here is a fairly condensed and very concise over view of the law. Provided courtesy of my friend Gabe Crecion at FATCOLA Title

Where do you align on this divisive topic? Landowner enthusiast or tenant rights activist?
01/16/2018
It’s a landlord victory: Costa-Hawkins Act repeal fails

Where do you align on this divisive topic? Landowner enthusiast or tenant rights activist?

Landlords in the Golden State were all smiles on Thursday. A bill that would have repealed the 1995 Costa-Hawkins Act failed to pass in the Assembly’s Housing and Community Development Committee. AB 1506's failure means local rent ordinances, which limits rent control to only buildings built prio

Ideas rooted in humanity and decency, he was a great man!
01/15/2018

Ideas rooted in humanity and decency, he was a great man!

10 Things you need to know about Real Estate in 2018
01/07/2018
Outlook: The 2018 Real Estate Market

10 Things you need to know about Real Estate in 2018

Watch for these trends in housing and mortgages The housing picture is likely to improve in 2018: Home prices are expected to climb, but not as fast More houses could be for sale toward the end of …

We all knew this day would come, well its here and this is not the top, and this is no bubble. If you have been thinking...
01/07/2018
So Cal home prices tie an all-time high

We all knew this day would come, well its here and this is not the top, and this is no bubble. If you have been thinking about buying its time to get off the fence and Do It. Call me

Southern California home prices surged 8.6% in November compared with a year earlier, tying an all-time high that underscores a drum-tight housing market with few properties for sale, according to …

12/17/2017
Another reason SoCal Housing is among the most expensive in the nation. Do they really believe the builders will absorb ...
12/14/2017
Council passes ordinance requiring developers to pay for affordable housing

Another reason SoCal Housing is among the most expensive in the nation. Do they really believe the builders will absorb the cost? Hell No, it will be the consumer who carries the burden. And you say?

The Los Angeles City Council unanimously passed an ordinance Wednesday to institute a per-square-foot fee on all new residential and commercial developments.

Warner Center is becoming the "Downtown of the Valley" !
11/16/2017
California Home Builders wants to build a third major project in Warner Center

Warner Center is becoming the "Downtown of the Valley" !

Developer California Home Builders filed plans today to build its third mixed-use project at 6109 N. De Soto Avenue in Warner Center, Urbanize reported. Plans call for the demolition of an existing office park to make room for a seven-story building with 358 apartments above ground floor retail

This tax reform proposal is not good for CA homeowners. Lets hope that our peeps at NAR can beat this back or at least t...
11/14/2017
What The New Tax Bill Means For The Value Of Your Home

This tax reform proposal is not good for CA homeowners. Lets hope that our peeps at NAR can beat this back or at least tame it down a bit.

House Republicans released their long-awaited tax bill Thursday. The proposal is a long way from becoming the law of the land, but the draft contains some red flags for the people who build, sell a…

John F. Kennedy: “As we express our gratitude, we must never forget that the highest appreciation is not to utter word...
11/09/2017

John F. Kennedy: “As we express our gratitude, we must never forget that the highest appreciation is not to utter words, but to live by them.”

11/04/2017
11/03/2017
I have a new listing coming... and in this low inventory market, if you can get an inside deal you are lucky. Here is yo...
10/12/2017

I have a new listing coming... and in this low inventory market, if you can get an inside deal you are lucky. Here is your chance to get lucky. Premium Chatsworth townhome built on the old "Iverson Movie Ranch" surrounded by Santa Monica Conservancy land.. 2 Huge Master bedrooms 2 1/2 baths 1427 sq ft. Priced modestly at $459,000

10/12/2017

Electric cars are forcing real estate to change gears
POSTED ON OCTOBER 11, 2017 BY WISHSIR
1Analysts predict that within a few years, electric cars will cost about the same or less than their gas-powered cousins, and electric vehicle (EV) sales are expected to surge. Though range could still be an issue for some drivers, EVs do have one major advantage: you can charge them at home. No more side trips to the gas station, no more waiting in line, no more pumping gas in the rain, sleet, snow or gloom of night.

In fact, surveys show that most EV owners prefer to charge in the comfort of their own homes, where they can go about their lives while their vehicle quietly juices up.

To sweeten the pot, some states and utility companies offer tax incentives and rebates that apply to charging at home.

EV charging stations for existing homes
All of this is could be good news for homeowners seeking ways to enhance their property prior to sale. Costs for retrofitting a home with a charging station vary widely depending on the home, type of charger and electricians’ bills, but they are reasonable. They can easily dip below the $600 range, especially in areas with tax incentives and utility promotions.

When it comes to new construction, the equation is even simpler. The infrastructure for EV charging stations typically adds no more than a few hundred dollars to total costs, and with the growing popularity of EV’s, they may soon become a standard feature just like any large home appliance or fixture.

How EVs are influencing the new home market
The City of Fremont, California — home of Tesla — recently took steps to require new homes, apartment buildings and commercial properties to be wired for charging stations. The new ordinance also requires solar panels.

The transition to EV mobility could also dovetail with Airbnb as hosts with existing homes look for ways to attract a growing number of guests with EVs.
Rental property owners are also beginning to view EV charging stations as key amenities that attract tenants without taking up too much space.

That trend is especially evident in the luxury market. The EV charging company SemaConnect offers this insight:

We are seeing that the Class A properties tend to be the early adopters. EV charging stations on these properties are considered an amenity, like access to a gym or concierge services. In many parts of the country, it is expected that EV charging stations will be on the premises, especially with any new construction projects.

EVs and sustainability
This trend is not just limited to EV-friendly California: developer Mast Capital launched an EV-ready residence in Florida last year, and apartment house leader LMC recently announced EV amenities at new residences in Washington State and Indiana.

In a press release last summer, LMC development associate Travis Nordgaard emphasized that prospective tenants who drive EVs expect to be accommodated. “We do everything we can to check every box on a prospective resident’s wish list,” he said.

Nordgaard also brought up a broader point about the emerging bond between EV ownership and residential properties. He said that the company’s partnership with leading EV charging station developer ChargePoint gives it the opportunity to “demonstrate green, sustainable values.” That kind of green branding will grow in importance as sustainability becomes a force in the mainstream real estate market.

EVs and the connected home
Toni George of Weichert Realtors has been selling properties in Summit, New Jersey and surrounding upscale communities for 25 years. In an exclusive interview with Inman, she described EV-readiness as part and parcel of a broader trend: “New construction accommodates today’s lifestyles and how we’ve changed, especially with two-income households. New construction checks off all the boxes, which includes being able to hook up an EV in a two- or three-car garage…”

George’s insights are partly informed by her husband Chris, whose company, Summit Custom Builders, wired its first home for EV charging as far back as 2006.

Gas-powered generators were once considered a luxury, and now they are a convenience. Similarly, EVs will eventually be like another appliance in that market. The demand for “smart home” and remote-control technology is already pushing EV-ready features into the market for new luxury homes. It’s only a matter of time before the EV trend emerges in the mass market, too.

Source: Electric cars are forcing real estate to change gears

Over the years many clients of mine have engaged in multi family acquisition. Being a landlord is great and I am a huge ...
10/10/2017
Homepage - Ideal Socal Homes

Over the years many clients of mine have engaged in multi family acquisition. Being a landlord is great and I am a huge proponent. Knowing your rights and those of your tenant is imperative. I answer questions like this and hundreds of others in my book "Go Ask Sam". Download your free copy today from my website. www.idealsocalhomes.com

Legal Q&A

Source: AOA Magazine
Author: Dennis P. Block, Attorney


Q: I want to move my son and his family into a duplex that I own. I live on the premises and another tenant lives in the unit that I wish to have my son occupy. The
premises are located in Los Angeles and I realize that I will have to pay relocation to force this tenant to move.
The tenant is claiming that I cannot force her out, even if relocation is paid, as she has lived in the unit in excess of 10 years and is over 62 years of age. Is this true?

A: The City of Los Angeles does allow for termination of a tenancy if the landlord wishes to have a close family member occupy the unit. The rules require that you choose a unit under the concept, "last in, first out". You would be required to choose the last tenant who moved into the building. There is an exception that if a tenant is over 62 years of age and has lived in the unit in excess of 10 years, then that unit is exempt. In your situation, you would be prevented from having your son move into the unit. You may always negotiate with the tenant to pay a higher relocation fee, to encourage her to vacate.

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WISH Sotheby's Int'l Realty 26050 Mureau Rd
Calabasas, CA
91302

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