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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
Landmark Los Angeles federal courthouse slated for quick sale by agency

The landmark U.S. Courthouse built in the 1930s on Spring Street near City Hall has been slated for "accelerated disposition" by the General Services Administration as part of a plan to sell off obsolete and underutilized federal properties. ...

Landmark Los Angeles federal courthouse slated for quick sale by agency
Olympics broadcast center and movie studio coming to Hollywood Park

Rams owner Stan Kroenke will build a movie studio next to SoFi Stadium in Inglewood that will serve as the international broadcast center for the 2028 Olympic Games. ...

Olympics broadcast center and movie studio coming to Hollywood Park
Contributor: Burned lots in L.A. will sit empty for decades unless Congress tweaks the tax code

Current law encourages many fire victims to hold their now-empty lots until death to avoid a huge tax bill. That's a disaster for the community and the tax base....

Contributor: Burned lots in L.A. will sit empty for decades unless Congress tweaks the tax code
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