Paul (@LA_Multi

Paul

15.7K posts

Paul

@LA_Multi_Fam

Los Angeles Apartment Buildings. We buy run down buildings, renovate & add ADU's. We also manage & sell apartment buildings for clients. DM's open!

Los Angeles, CA

Joined March 2020

Pinned
Paul
@LA_Multi_Fam
May 25
Foundation on our West LA Fourplex is done. Bids came in between $65K and $145K with a majority falling in the $90K to $100K range. These will be 2 story units. Two ~1,300 sq ft units & Two ~ 800 sq ft units We went with the $65K bid and definitely had to deal with some
11K
Paul
@LA_Multi_Fam
Jul 2, 2024
Do I kill my Electrician or do I kill the LA Fire Dept? Code says we need 36 inches from face of panel to the opposing wall. We have 35 inches. DWP & LADBS have so far okayed the meter spot. Fire Dept just happened to have a random residential inspection on the street & caught
644K
Paul
@LA_Multi_Fam
Aug 4, 2025
Convo I have a lot these days. Me: Sorry your credit/income won’t allow us to sign a lease. Applicant: I’ll pay a much bigger deposit. Sorry CA state rules only allow owners to take security deposit equal to 1 month’s rent. Some well meaning suit in Sacramento really thought
93K
Paul
@LA_Multi_Fam
May 26, 2025
She found the 1 house under construction. I'd be curious to find out when this one submitted for permits.
Mayor Karen Bass
@MayorOfLA
May 26, 2025
Homes are under construction throughout the Palisades — ahead of expectations. We've taken action to cut red tape and expedite the permitting process to get families home.
00:00
66K
Paul
@LA_Multi_Fam
Nov 3, 2025
Burbank just approved a 4% “soft cap” rent control plan after a 3 AM vote last week. One of the landlord's on the council was forced to recuse themselves. 3 of the 4 remaining members are renters. Owners now face: • 4% cap on annual increases unless offering relocation (3× new
333K
Paul
@LA_Multi_Fam
Oct 20, 2025
We have several 50-70 year old single people that occupy the same rent controlled apartment for the past 30+ years. They never did much with their lives. At a certain point in the occupancy when the rent falls enough below the market, there is a financial disincentive to
Paul
@LA_Multi_Fam
Oct 20, 2025
Replying to @rick_paulas
Now make sure you never move, guard that unit till you die. Sacrifice having kids, moving anywhere or taking any risks in life to stay in that unit for ever.
155K
Paul
@LA_Multi_Fam
Apr 5, 2024
I submitted an offer last week on a property that has been on the market for almost 9 months. Today we get a seller multiple counter offer! (They're essentially saying that all of a sudden there are multiple buyers gunning for the property at the same time) Brokers, I love
306K
Paul
@LA_Multi_Fam
Jul 2, 2024
Replying to @ScottChoppin
This makes sense! Wahhh and thank you!
72K
Paul
@LA_Multi_Fam
Jun 9, 2025
This 52-unit property in Silver Lake just sold for $8.5M. The seller originally purchased it in 2022 for $15.6M 😳 That's some of the steepest equity loss I've seen on a multifamily deal in a decent LA location.
94K
Paul
@LA_Multi_Fam
Aug 8, 2025
Just rented this 1,300 sq ft 2BR townhouse in Santa Monica (near 20th & Broadway) for nearly $7K/month for a client. Meanwhile, we have 3BR units five blocks from the beach locked into rent control at around $1,000/month, occupied by single men in their 50s to 70s who aren’t
55K
Paul
@LA_Multi_Fam
Aug 9, 2025
If Los Angeles got rid of rent control it would spur development, increase property values and likely get the city out it’s deficit. Cambridge, MA repealed rent control in 1994. In the next 4 years: - Housing construction increased 50% - Permit tax revenue tripled - Property
55K
Paul
@LA_Multi_Fam
Dec 16, 2024
LADBS requiring us to install outdoor electrical outlets on all our ADU buildouts is dumb! My new tenant came home a couple of nights ago to a homeless guy setting up his sleeping arrangement on his front door. Iphone plugged in to the outlet. When asked to leave his kind words
109K
Paul
@LA_Multi_Fam
Apr 17, 2024
Went to sleep at 10:30pm last night. 11:45pm - 5 year old wakes up w fever & earache. 1:30am - 3 year old wakes up, wants just one more snuggle. 3am - 1 year old wakes up screaming cuz she peed through diaper. 5:30am - fffing toy ice cream truck starts going off from the
208K
Paul
@LA_Multi_Fam
May 20, 2024
Replying to @KenjiCapital
Takes mad skill to get 3 evictions on your record!
23K