Metro’s bike sharing program has arrived in the San Fernando Valley, and its first stop is North Hollywood.
Bicycles are now available to rent using a TAP card from 16 stations sprinkled near the Orange and Red Line stations in North Hollywood and surrounding areas, such as Valley Village and Studio City.
The 150 bikes rolled out this week in North Hollywood are part of a larger bike-sharing program that Metro has already launched in other parts of the city, including the Harbor area, Los Angeles’s Westside, downtown Los Angeles and near USC.
The “Smart Metro” bike model chosen for the North Hollywood program can be locked to any public bike rack for a convenience charge ($2 if it is within the bike share zone, $20 if outside). There are no extra costs if the bike is returned to a designated Metro bike share station, beyond the cost of the pass to ride. The cost to ride for 30 minutes is $1.75, with 30-day passes available for $17 and a year-long pass costing $150. A map of the stations can be found here. Metro also has a Bike Share smartphone app that provides information on the location of the closest bike stations.
Originally posted by dailynews.com. Written by Elizabeth Chou. Photos by Mike Meadows.
For those looking to move before the school year starts, here’s a look at what roughly $1.5 million buys right now in three of L.A. County’s top-rated school districts: San Marino Unified, Arcadia Unified and Palos Verdes Peninsula Unified.
SAN MARINO: Character and curb appeal are a few draws of this 1950s ranch, which opens to a park-like backyard with tiered gardens and an in-ground spa.
Address: 2225 S. Los Robles Ave., San Marino, 91108
Listed for: $1.568 million for three bedrooms, two bathrooms in 1,782 square feet (9,000-square-foot lot)
Features: Lattice windows; living room with corner brick fireplace; remodeled kitchen; sun room
About the area: In the 91108 ZIP Code, based on 16 sales, the median price for single-family homes in June was $2.329 million, up 10.9% year over year, according to CoreLogic.
ARCADIA: A few blocks from the L.A. Arboretum, this property holds a 1950s home, a newly built guesthouse and a swimming pool.
Address: 400 Cambridge Drive, Arcadia, 91007
Listed for: $1.49 million for five bedrooms, six bathrooms in 2,683 square feet (13,503-square-foot lot)
Features: Circular driveway; living room with floor-to-ceiling fireplace; tile kitchen; sliding glass doors
About the area: In the 91007 ZIP Code, based on 16 sales, the median price for single-family homes in June was $1.213 million, down 25.5% year over year, according to CoreLogic.
PALOS VERDES ESTATES: This price-reduced property near the beach expands to a spacious balcony overlooking the ocean.
Address: 1100 Via Zumaya, Palos Verdes Estates, 90274
Listed for: $1.449 million for three bedrooms, three bathrooms in 2,288 square feet (10,779-square-foot lot)
Features: Flagstone accents inside and out; stacked-stone finishes; bold living spaces; deck and trellis-topped patio
About the area: In the 90274 ZIP Code, based on 23 sales, the median price for single-family homes in June was $2.094 million, up 5.3% year over year, according to CoreLogic.
SAN MARINO: A colorful courtyard fronts this charming single-story home full of French windows and Spanish charm.
Address: 1722 Hilliard Drive, San Marino, 91108
Listed for: $1.55 million for three bedrooms, 1.75 bathrooms in 1,836 square feet (7,714-square-foot lot)
Los Angeles has the third largest pool of tech workers on the West Coast, after Seattle and San Francisco, according to a report released last week by commercial real estate firm CBRE.
By the report’s count, there are nearly 140,000 employees in the Los Angeles metropolitan area working in “technical jobs,” including software development, tech support, and programming.
That accounts for just over 3 percent of all jobs in the area—a relatively small portion compared to, say, the Bay Area’s 10 percent. The average tech worker in Los Angeles earns $104,000 per year, according to the report. The median household income in LA County, meanwhile, is $69,300.
The biggest names in the industry—including Google, Apple, and Netflix—are expanding in Los Angeles, often building new ground-up offices, but the report takes the entire industry into account, including, for example, software engineers for a healthcare company.
Competition for space has pushed up the cost of renting office space. Now only Manhattan, the Bay Area, and Washington D.C. have higher average office rents than LA, the report says.
Tech companies are looking beyond traditional office space when they’re considering where to put down roots. Many larger companies, like Google and Netflix, are looking to rent up entire office complexes, often before they are even finished.
CBRE’s director of research for LA County, Petra Durnin, tells the Los Angeles Times that of the roughly 3.8 million square feet of office space under construction in the region now, half of it is already leased.
As in the case of Netflix’s leases at new, ground-up projects in Hollywood, the companies are looking for buildings that aim to create an open, flowing environment, with airy, high-ceilinged interiors that bring in lots of natural light and connect to landscaped outdoor spaces, including balconies, rooftop lounge areas, and terraces.
At 14.5 percent, LA’s office vacancy rate is relatively high when compared to some of the other top markets, says Colin Yasukochi, CBRE’s director of research and analysis for the Western Region. (The Bay Area is 6.1 percent, the report says.) LA’s a large area, so the rate will vary considerably depending on where in the city the office is.
A report from commercial real estate firm JLL breaks the LA area into smaller local markets and finds that the most desirable offices in Santa Monica were asking more than $6.60 per square foot on average, while the most sought-after workspaces in Culver City were renting for an average of $4.40 in the second quarter.
Originally posted by la.curbed.com. Written by Bianca Barragan, imagery courtesy of Shutterstock.
The Federal Reserve Bank (The Fed) recently released their 2019 Survey of Consumer Expectations Housing Survey. The survey reported that 65% of Americans believe homeownership is a good financial investment. Since 2014, the percentage has increased by over nine percent.The Fed’s survey also showed that when the results are broken down by age, education, income, or region of the country, more than 55% of Americans in each category see homeownership as a good investment.
This coincides with a recent Gallup survey of Americans which revealed that real estate was their number one choice for the best long-term investment when compared to stocks, savings accounts or gold.
Americans’ belief in residential real estate as a good financial investment continues to grow as the housing market returns to normalcy.
All kidding aside, living in Southern California it is imperative to be prepared for earthquakes. In light of recent significant quakes, now is the time to ensure that your home (owned or rental) can withstand future tremors. Please take some time to review this checklist and make sure your family has an updated disaster kit readily available. I sincerely hope you’ll never need to use it but implore you to prepare, just in case.
Make sure your home’s foundation has been properly retrofitted for earthquake safety. I’m happy to offer referrals.
Ensure that your water heater tank is properly strapped.
Know the safe spots in each room away from swinging doors and glass windows.
Keep a pair of sturdy shoes next to your bed.
Have a secondary exit from upper floors, in case the staircase is blocked, damaged or burning.
Secure items in the garage that could fall and block or damage the vehicles.
Create a Disaster Plan with a designated meeting place outside the residence and run drills so it can be executed in the dark and under stress.
If you are a renter, ask your landlord to confirm that everything is up to date in compliance with earthquake regulations.
Water for 3 days (1 gallon per person per day)
3-day supply of non-perishable foods for people & PETS (freeze dried, canned w/ manual can-opener, and dried foods requiring no cooking)
Flashlight w/ new batteries
Battery-operated or hand-crank radio
Whistle to signal for help
Tools needed to turn off main utilities (wrench/pliers)
Moist towelettes, garbage bags and plastic ties for personal sanitation
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