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NO ON PROP. 10 INFORMATIONAL SEMINAR

 

Makes a bad problem WORSE

Will drive up rental prices

Reduces affordable housing

Join us for this informational seminar:

Date: October 25, 2018

Time: 5:00pm-6:30pm

Location: Beverly Hills Library,  444 N Rexford Dr, Beverly Hills, CA 90210

FEATURED SPEAKER: Susan Shelly with the Howard Jarvis Tax Payers Assocation

SOFT STORY INFORMATION

Two (2) years from the date you received your letter to (a) submit proof of a previous retrofit, or (b) submit plans to the Department of Building & Safety to retrofit or demolish the property.

 

  • To obtain retrofit plans or demolition plans, you must hire a contractor, architect, and/or engineer to draft plans on your behalf.

Three (3) to five (5) years from the date that you received your letter to start construction or demolition.

Seven (7) years to complete construction.

 

STEP:1 KNOW YOUR DATES

The date that you received your compliance letter will start the clock on when you must take action.

 

  • The easiest way to determine this date is to look at the top of the letter from the City of Los Angeles regarding your property.​

  • If you are not able to locate the letter from the City of Los Angeles, please refer to the guide below:

STEP 2: ACTION TIMELINE
STEP 3: OBTAIN YOUR PROPERTY VALUE

To make an informed decision regarding whether to proceed with the retrofit process or to exchange your property, you should obtain a property analysis.

 

STEP 4: EVALUATE YOUR OPTIONS

Based on the property analysis, if you decide to proceed with the retrofit process, I can irect you to someone who can help you obtain plans, permits, and bids for construction.

 

If, however, you decide to exchange your property for another property that meets your current needs, I would be happy to assist you.

 

Taking no action is not a choice. If you do not comply with the City of Los Angeles' retrofit ordinance you will risk having your property 1) placed on the substandard ("red-tagged") property list 2) Your insurance company may drop your coverage 3) Your mortgage company may threathen to call in your loan for failing to properly maintain their asset. Most urgently you could place your tenants lives at risk in the event of and earthquake.

 

Call us today so that we can help you navigate this process.