Southern California Real Estate Report

Today on the Southern California Real Estate Report we talk about the new renter protection package (https://www.sandiego.gov/sites/default/files/o-2023-143_residential_tenant_protections_ordinance.pdf) San Diego is proposing. The proposed law builds on the state’s Tenant Protection Act of 2019.It will make it harder for landlords to remove tenants so they can make renovations.Article referenced:https://www.sandiegouniontribune.com/business/story/2023-04-18/san-diego-city-council-will-vote-on-new-renter-protections-here-are-the-proposed-changes

Today on the Southern California Real Estate Report we take about stricter rent control laws that are likely coming to the California's ballot."Justice for Renters Act" would end Costa Hawkins and allow for counties to place rent control laws on all residential properties and stop landlords from being able to set their rents to market when a new renter moves in.Article referenced:https://www.costar.com/article/1257379244/organizers-collect-signatures-for-california-ballot-initiative-to-expand-rent-control

Today on the Sothern California Real Estate Report we talk about the new housing and student center being developed by UC San Diego called the Triton Center.The growing school will spend $1.1 Billion on the project.It will include a 2,400 bed housing project.Article referenced:https://www.sandiegouniontribune.com/news/education/story/2023-03-21/ucsd-approval-student-center-housing-complex

Today on the Southern California Real Estate Report we give you the most important information on the new law in Chula Vista that is designed to shield renters from evections.The new laws tighten on existing no-fault eviction laws already in place by the State of California.Article Referencedhttps://www.sandiegouniontribune.com/communities/south-county/story/2023-02-28/chula-vistas-new-tenant-protections-law-takes-effect

Today on the Southern California Real Estate Report we talk about a vacation rental development in the Coronado Cays.The project is getting a lot of scrutiny from locals who do not want such a project and think the land should be used as a park.The San Diego Port commissioners wants to build affordable vacation rentals that will bring life back to the land.Article Referenced:https://www.sandiegouniontribune.com/business/story/2023-02-15/proposed-rv-park-in-coronado-cays-draws-strong-opposition

Today on the Southern California Real Estate Report we talk about a development that has been halted because of wild fire concerns.The Rancho Penasquitos development known as Junipers was a 536 unit project.A judge by the name of Ronald Frazier ruled that the project did not take into consideration the affects of traffic, noise and wildfire threats.Article referenced for this podcast:https://www.sandiegouniontribune.com/news/politics/story/2023-02-07/junipers-rancho-penasquitos-impact-review-ruling

Today on the Southern California Real Estate Report we give you a rundown on the potential new office spaces SANDAG is considering for new office space.The space will be for between 350-375 people.They have been in their current space for 34 years.The options include the new Horton Plaza campus.Referenced article:https://www.sandiegouniontribune.com/business/list/sandag-is-shopping-for-substantial-office-space-in-downtown-san-diego

Today on the Southern California Real Estate Report we talk about how the properties Income Property Advisors, Inc. manages got through the last winter storms with only mirror issues.We talk about preventative maintenance and what to look for at your property to prevent major issues.

Today on the Southern California Real Estate Report we take a look at the Del Mar Fair Grounds.The iconic property is home most famously to the San Diego County Fair and the Del Mar Race Track.But is the property being used to its greatest value? The firm London Moeder plans to find out.The state approved contract will cost $282,000 and will take a year, with the goal to find out what the best use of that land will be in the future.Article referenced:https://www.sandiegouniontribune.com/business/story/2023-01-10/del-mar-fairgrounds

Today on the Southern California Real Estate Report we talk about some updates to the rules regarding accessory dwelling units and transit areas.The City of San Diego has proposing updating its transit proximity rules to allow for transit oriented housing to be up to a mile away from transit.The new rules also allows for more ADUs to be built in residential neighborhoods.To learn more listen in!Article referenced:https://www.lajollalight.com/news/story/2023-01-05/san-diego-could-ok-many-more-high-rise-homes-and-backyard-apartments-under-new-city-housing-proposal