At least 10 rent-stabilized apartments are again available for housing following legal settlements with property owners who allegedly violated city regulations by using them as short-term rental units, Los Angeles City Attorney Hydee Feldstein Soto announced Tuesday.<\/p>\n
On Tuesday, Feldstein Soto gave an update on her ongoing crackdown on illegal short-term rentals and party houses in the city.<\/p>\n
According to the City Attorney\u2019s Office, city lawyers reached a pre-litigation settlement with MC Pico Properties LLC and Monem Corp. \u2014 the owner and manager, respectively, of the Franklin Apartments.<\/p>\n
Since late 2020, MC Pico and Monem allegedly used the rent-stabilized building for illegal short-term rentals for more than 3,000 nights, city prosecutors said. At least 10 of the building\u2019s 30 units had been removed from the long-term rental market and turned into an underground hotel, resulting in increased nuisance activity and complaints from neighbors, according to the City Attorney\u2019s Office.<\/p>\n
The short-term rentals were in violation of the city\u2019s regulations under the Rent Stabilization Ordinance, which prohibits RSO units from being used as short-term rentals, prosecutors said. The rentals also failed to use registrations mandated by city officials, and the units were taken off the market for extended periods of time.<\/p>\n
\u201cWe will not tolerate party houses that disrupt our neighborhoods and threaten public safety, or sit back while our laws are violated and rent-stabilized housing is ripped off the market,\u201d Feldstein Soto said in a statement. \u201cThese actions send a clear message that we will hold those who violate our laws accountable for their violations.\u201d<\/p>\n
As part of the settlement, MC Pico and Monem will be prohibited from violating the city\u2019s Home-Sharing Ordinance at the Franklin Apartments and any other properties they manage and own in Los Angeles. They are also expected to pay $150,000 in civil penalties.<\/p>\n
Last month, the city attorney announced settlements against Ultimate Host LLC stemming from a 2023 lawsuit. The company conducted business under The Nightfall Group, billed as a \u201chigh-end home hosting platform.\u201d<\/p>\n
The group leased properties advertised as \u201cvillas\u201d from their homeowners as long-term rentals and subleased them as short-term rentals, which were often used as party houses, according to the city attorney.<\/p>\n
The Nightfall Group has been alleged to be a large contributor to the city\u2019s party house problem.<\/p>\n
Feldstein Soto\u2019s office said settlements were reached with Kirill \u201cKirk\u201d Ayzenberg, individually and as Trustee of the Gabriel Mark Trust; 5554 Green Oak LLC, a California limited liability company; and Jungle Kerry Inc., a California corporation.<\/p>\n
They are prohibited from short-term rental business at any residential property in the city in a manner that does not comply with the city\u2019s regulations. Each is subject to civil penalties in the amount of $215,000, $45,000 and $20,000, respectively, according to Feldstein Soto\u2019s office.<\/p>\n","protected":false},"excerpt":{"rendered":"At least 10 rent-stabilized apartments are again available for housing following legal settlements with property owners who allegedly…\n","protected":false},"author":3,"featured_media":195272,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5123],"tags":[12854,1582,276,2451,6029,7065,2961,49991,224,5337,10669,4158,9580,108746],"class_list":{"0":"post-195271","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-los-angeles","8":"tag-attorney","9":"tag-ca","10":"tag-california","11":"tag-city","12":"tag-houses","13":"tag-housing","14":"tag-la","15":"tag-least","16":"tag-los-angeles","17":"tag-losangeles","18":"tag-party","19":"tag-return","20":"tag-stock","21":"tag-touts"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115137180503144402","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/195271","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=195271"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/195271\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/195272"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=195271"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=195271"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=195271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}