They spent $354,000 to build a modern ADU. Now they rent it out for $4,500 a month

Catie Marques Teles and Scott Savarie had been looking for an apartment in Los Angeles for six months when they spotted a listing on Zillow that caught their eye. “We thought, ‘This can’t be real,’” Teles said of the modern accessory…

Ready to build or rent out an ADU? Here’s how to win over nervous neighbors

A refuge for aging parents. Rental income for your golden years. There are plenty of good reasons to build an accessory dwelling unit, also known as an ADU. But don’t assume everyone will be cool with it. Like Wilson behind the…

A new federal policy allows you to finance for an ADU. What you need to know

In an effort to address the nation’s affordable housing crisis, the Federal Housing Administration announced a new policy Monday that will make it easier to buy or refinance a house with an accessory dwelling unit, or build a new ADU. Previous…

How to reduce capital gains taxes on a home sale

Dear KAD: We’re retired and living in California. We are planning on selling our home, which is paid for, and moving to Tennessee in a couple of years. I think we qualify for a “one time” capital gains exemption. Our home is worth over…

Los Angeles Has a Housing Crisis. Can Design Help?

Featured in the NY Times Can California’s biggest city — and possibly America’s least affordable one — redesign its way out of the housing crisis? That’s the question a city-sponsored architecture competition called “Low-Rise:…

L.A. must add more than 250,000 homes to zoning plan by October, state rules

Los Angeles must rezone to accommodate an additional quarter-million new homes by mid-October after state housing regulators rejected the city’s long-term plan for growth. The likelihood that L.A. will be able to accomplish in months a…
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Los Angeles Spec House with Nightclub, Vodka Tasting Room Asks $139 Million

The hills above Los Angeles are filled with glass box-style houses with hot tubs, gyms and home theaters, products of an amenities arms race spawned by an oversupply of speculative development over the past few years. But a newly built Bel-Air…
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SoCal’s housing inventory is at a ‘catastrophically’ low level to start the year

L:os Angeles, Orange, San Bernardino and Riverside counties have started the year with a "catastrophic" low number of for-sale homes, sparking bidding frenzies despite rising interest rates and high housing prices.   What…

‘Gimme Shelter’: What to expect in California housing in 2022

Californians started this year with a major change in housing development. On Jan. 1, a new state law began allowing property owners to build at least duplexes on nearly all residential parcels, ending the dominance of single-family home-only…

In Southern California, a slight slowdown in the housing market still means record prices

Southern California home prices jumped nearly 16% in November from a year earlier, showing how the market is still ultra-competitive despite a slight slowdown that began to set in several months ago. Some buyers sat out the bidding wars after…