All posts filed under: L.A. Housing Scene

Sawtelle Blvd Officially Embraces Its Japanese Heritage

You know that West Los Angeles segment of Sawtelle with its great Japanese nurseries, designer ramen shops, shabu shabu joints and sushi counters? It’s now officially being recognized as “Sawtelle Japantown”. The city of L.A. is posting official signage to that effect today. Maybe it’s not the catchiest name for a great neighborhood, but it’s nice to see the area hold onto its cultural heritage while evolving and staying relevant. And this strip of Sawtelle is well worth a visit for some of the best Japanese food you can find on the westside, as well as picking up some plants or seedlings from Hashimoto Nursery which has been in business in various forms since 1928. One of the best of the bunch is Tsujita LA’s ramen – but plan on being patient as you wait to get a table for their porky ramen goodness.

No More McMansions – New Ordinance In L.A. City

This week, L.A.’s city council passed a new ordinance restricting overbuilding on lots in 20 neighborhoods throughout the city. Called the Neighborhood Conservation Interim Control Ordinance, the new set of rules  put a two-year ban on the size of new, single-family dwellings throughout L.A. City. The ordinance has supporters in various neighborhood groups, while of course builders and developers are opposed to the new building limitations.

L.A.’s Seller Market: A Tough Time For Buyers

As spring warms up, the number of homes on the market here in L.A. is starting to increase…and while there are houses that nobody wants which sit on the market for a small eternity, for the most part if you have a well-designed house in a hot neighborhood such as Mar Vista, Venice or Highland Park, you are guaranteed multiple offers and a very, very quick sale.  For the listing agent, its all blue skies and clear sailing…And for the seller the only concern is to make sure that every possible dollar is wrung out of the deal… On the flip side, are the earnest serious buyers: if you need a loan to close the deal, you are going to be facing an uphill battle to get your offer accepted. You’re competing against very well-heeled buyers including investors (both domestic and international) with loads of cash and the ability to close in a fraction of the time you’ll need to get your bank to close the deal. Most banks are still so gun-shy about lending money to even …