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New Laws Coming To California in 2024

Governor Newsom signed several new bills affecting multifamily housing into law, many of which will go into effect in 2024. See below for a summary of new laws taking effect. AB-1418: Effective January 1st, 2024, tenants will no longer be able to be evicted based on calls to law enforcement, suspected criminal activity or other alleged nuisance activity. SB-712: Effective January 1st, 2024, Tenants will be allowed to charge electric scooters and electric bikes in their apartments as long as the battery meets certain safety standards. SB-4: Effective January 1st, 2024, restrictions on churches, religious organizations and, non-profit colleges will be removed allowing them to build affordable housing on their land. AB-12: Effective July 1st, 2024, tenants will no longer have to pay several month’s rent as a security deposit. This bill caps the amount a landlord can charge to one month’s rent.

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Real Estate
02
L.A.'s surging real estate prices have cooled, so why is nobody buying condos?

The number of condominiums sold in Los Angeles County in January and February was the lowest it's been since 2005....

L.A.'s surging real estate prices have cooled, so why is nobody buying condos?
L.A.'s golden streetlights have turned harsh white. Homeowners aren't happy

A lighting crisis is brewing in L.A.: Residents say the new LED streetlights are harsh and bright, while copper wire thefts have left others with no light at all....

L.A.'s golden streetlights have turned harsh white. Homeowners aren't happy
In Bel-Air, a $400-million mega-mansion aims for the national price record

In Bel-Air, a colossal compound owned by a family of Qatari royals is asking $400 million, which would be the priciest home sale in U.S. history....

In Bel-Air, a $400-million mega-mansion aims for the national price record
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