So last year, I was interested in an amazing 2000 square foot apartment on Stanley and Wilshire. It had all the charm, the much needed space and location I needed. We meet with the landlord and she tells us she put the building under the Ellis Act. This basically allows landlords to take rental property off the market for a specified amount of time and convert to condos. In the meantime, as a renter, you don’t fall under any rent control laws and can literally be evicted at anytime. Same thing happened in Hancock Park recently.
Tenants of a small rental property on the western edge of Hancock Park scored a victory this week when they successfully appealed the conversion of their building into condos.
In a unanimous decision, the Central Area Planning Commission voted to uphold the appeal, filed by residents of the building and members of the Los Angeles Tenants Union. READ MORE
The Collective Realty