Olympics Games in Los Angeles for 2024?
With the recent buzz through out the world over the 2016 Olympic games in Rio, local Angelinos will recall that our city successfully hosted the summer games in 1984. Many will even note that the 1984 games were arguably the most successful, resulting in a surplus of nearly $230 million dollars, of which LA kept nearly half.
As the Olympic competition kicked off in Brazil, Mayor Garcetti and his team for LA’s Olympic bid were in Rio de Janeiro to make the case for Los Angeles to host the 2024 games. Just last year, we didn’t have a real shot at the bid, but when Boston’s bid abruptly collapsed, LA stepped into the role of standard bearer for the United States in front of the International Olympic Committee.
What makes LA such a great venue of a city to host the summer games is her venues and geological variety to accommodate the different competitions. The 2024 Olympics in LA would be a very responsible and responsive way to host the games without huge expenditures. As a city, we are ready for this endeavor that would bring international exposure for the 21st century, without changing her too much.
Whereas other cities have used the Olympics as a means of improving infrastructure and mass transit projects, much of that work is already being undertaken in LA. Public transit is and will continue to be the main mode of transportation for spectators at the games. With the massive overhaul of LAX and the many transit projects planned, it has never been easier for someone to fly into and travel in LA County.
READ MOREIndependence Day Fireworks at Marina del Rey
Marina del Rey is one of the best locations in LA County for fireworks. Unless you are one of the lucky few that own a home that Debbie or one of our other lovely Lotus Estate agents represented in the Marina; for the rest of us, we depend on the public parking lots seen here:
The fireworks are from 9:00 to 9:20 pm, with the best viewing locations at:
Fisherman’s Village – 13755 Fiji Way
Burton Chace Park – 13650 Mindanao Way
Marina (Mother’s) Beach – 4101 Admiralty Way
More details can be found at the Marina del Rey Visitor’s center!
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Come Vote! #vote2016 California
This election year we were glad to welcome California voters into one of our offices for the 2016 primary.
Though voting is part of being an American citizen, we believe the process is more importantly about cultivating a community. It was a delightful experience to host and work with the wonderful volunteers from the Los Angeles Registrar of Voters.
Crowds were largest in the mid morning and later afternoon. I would say that the crowd was minimal at noon, so remember that tip for Tuesday November 8, 2016! #vote2016!
Seismic Retrofit Ordinance – It’s The (new) Law
Many of you may recall the Northridge Earthquake of 1994 as the last time our homes in Southern California were severely damaged in one of the most costliest natural disasters.
Aftermath of 1994 earthquake
Last year the city adopted an ambitious law that requires nearly 15,000 buildings across Los Angeles to be retrofitted. The law caps decades of efforts to strengthen two types of older buildings that proved deadly in past earthquakes: brittle concrete buildings that dot L.A.’s major boulevards and wood-frame apartment complexes with weak first floors. About 65 people died when these types of buildings collapsed during earthquakes in 1971 and 1994.
Cost sharing of this high cost retrofit was a heated debate last year, and thus the City Council paid close attention to the many voices and reached a middle ground solution, allowing owners to pass up to half the costs of capital improvements (i.e. the retrofit) to tenants through rent increases over a ten year period. The pass through is capped at around $38 per month. This was a prerequisite for the City Council to approve the retrofit ordinance (ordinance 183893), which they did unanimously in the fall of 2015.
Two categories of buildings fall under the ordinance, wood-framed soft story and non-ductile concrete buildings. If given a notice from the City that your building falls under the ordinance, you have dictated time frames to submit plans and then complete the retrofit.
For specific details on the ordinance’s application, refer to the ordinance 183893 and the amending ordinance 184081 or the City of LA’s Department of Building and Safety’s Mandatory Retrofit Program website.
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Introducing Lotus Estate Properties
Dear clients, family and friends.
I am sitting in my warm and inviting, newly remodeled office feeling deep gratitude for where I’ve been and enormous enthusiasm for where we are going.
Some know the basics of my new endeavors but many of you don’t, so I am asking for a moment of your time to bring you up to date. After the real estate crash, like many, I experienced profound personal changes and growth. As I matured personally, it felt only natural to evolve professionally as well. I felt compelled to develop a new way of doing business that reflected this evolution.
LIGHTHOUSE PROPERTIES
is proud to announce the launch of
LOTUS ESTATE PROPERTIES
Real Estate With a Conscience
Lotus is designed to represent and support a community that is more mature, environmentally aware, culturally forward thinking and spiritually and artistically inclined. As you have evolved, so have we. Watch us as we launch a series of programs in support of environmental awareness, creative services for our clients, and deeper engagement in our community. To that end, we are delighted to introduce you to our friends at Zero Energy.
Free Energy Audit
ZERO has offered to provide a free energy footprint audit at no costs to our friends, family and clients. Their audit is an interesting and valuable tool that will help you understand your home’s environmental footprint. It will include a detailed inspection of your home, provide a complete analysis of it’s energy footprint and specific recommendations to improve your homes efficiency and save money.
For more information, visit us at www.LotusEstateProperties.com/services or send us an email to info@lotusestateproperties.com. We would be happy to personally answer your questions and arrange an inspection if you’d like. Simply put, we believe it is our responsibility to introduce our community to unique services that reflect our ethos.
We love this business, our planet and helping our clients create value in revolutionary, outside of the box ways. We look forward to hearing from you and providing you with an expanded range of services for years to come.
We are here to be of service.
– Debbie
Lotus Estate properties Has A New Website!
