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Rental Housing Orange County

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NEWS
March 30, 1991 | DAVAN MAHARAJ, TIMES STAFF WRITER
A Garden Grove property management company on Friday agreed to pay $600,000--the largest settlement ever in an Orange County consumer protection case--to avoid civil prosecution for withholding security deposits from hundreds of renters. Dist. Atty. Michael R.
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CALIFORNIA | LOCAL
January 5, 2001 | JESSICA GARRISON, TIMES STAFF WRITER
An apartment building owner and his Anaheim tenants said Thursday they have reached an agreement that will allow the landlord to proceed with evictions but give tenants rent rebates and letters of reference so they can find new places to live. "They were very tough negotiations," said Joe Caux, landlord-tenant manager for the Fair Housing Council of Orange County, which helped negotiate the settlement with landlord Sam Menlo. "The only reason it came about was because the tenants organized."
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CALIFORNIA | LOCAL
October 13, 1990
Rent control may be the answer to a longstanding, bitter dispute between a mobile home park owner and his tenants, a reluctant City Council decided this week. After two months of unsuccessfully mediating a dispute between Beachwood Mobilehome Park residents and their landlord over rent hikes, the council Tuesday instructed city staff members to explore rent control as a possible solution.
BUSINESS
September 28, 2000 | Daryl Strickland
The California Housing Finance Agency said Wednesday that it has purchased Fannie Mae's mortgage portfolio for $274 million in an effort to preserve low-income rentals statewide. The portfolio contains 23,300 units at risk of being converted into market-rate housing. The sale covers loans on 279 properties statewide, including 87 buildings in Los Angeles County. It also covers four Orange County buildings containing a total of 363 units.
CALIFORNIA | LOCAL
April 15, 1992 | --LISA MASCARO
Officials' hopes for quick passage of strict rules to control notorious Newport Beach "party houses" by the summer rental season were dashed this week by landlords' harsh criticism. During heated debate in a post-midnight council session early Tuesday, just a few property owners and managers remained to challenge the council's plan, which has been strongly supported by Councilwoman Ruthelyn Plummer. Her West Newport Beach district is a known destination for summer party-goers.
BUSINESS
April 15, 1999
Apartment rents in Orange County rose nearly 7% in the first quarter compared to last year. The average rent countywide jumped to $983 with 16 markets charging more than $1,000 a month. Here are the first-quarter rates, based on complexes with more than 80 apartments: *--* Average rent 1-yr increase Studio $697 5.5% 1bd/1bath 859 6.4 2bd/2bath 1,130 7.4 3bd/2bath 1,243 7.5 All 983 6.9 *--* *--* Units Occupancy Avrg. rent Aliso Viejo 3,677 89.5% $1,227 Anaheim 14,391 97.
CALIFORNIA | LOCAL
May 8, 1997 | RUSS LOAR
About 150 residents of the Continental Gardens Apartments came to City Hall on Tuesday night to voice concerns about the planned renovation of their building, to be funded by city-issued bonds. Some residents fear they will be evicted from their homes or be unable to afford new rents. "Some of us pay 40% to 50% and more of our salary for the rent," resident Roberto Sanchez told council members. The city will lend proceeds from a $14.
BUSINESS
November 13, 1996 | John O'Dell
Orange County's long moribund apartment market is heating up. Industry watchers say that the lack of new apartment construction in recent years has combined with an employment spurt that is creating a demand for rental housing. The Irvine Co., seldom one to miss a trend, created its publicly traded Irvine Apartment Communities real estate investment trust almost three years ago in order to take advantage of the apartment boom.
BUSINESS
June 1, 1994 | Debora Vrana, Times staff writer
Renting in Seal Beach: Seal Beach has the highest average apartment rents in Orange County, with rates up 18.8% from last year, according to the Research Network Ltd., a real estate consulting firm in Laguna Hills. Rent averages $1,319 per month for a Laguna Hills apartment compared to $1,110 for apartments in the previous year. Laguna Hills is followed by Newport Beach, Irvine, Yorba Linda, and Dana Point as the costliest places to rent apartments.
BUSINESS
March 24, 1993
Management Firms Grow: Even so, owners of apartment buildings are walking away from management headaches. Management companies are getting bigger, including those in Orange County. According to the National Multi Housing Council, two Orange County companies made the list of the top 50 multifamily housing managers. Professional Community Management in Lake Forest, with 30,819 units, ranked 20th, and Western National Group in Orange, with 22,500 units, placed 39th.
CALIFORNIA | LOCAL
December 19, 1999 | JENNIFER MENA, TIMES STAFF WRITER
As state armories opened their doors this month, a new county homeless census suggests that skyrocketing apartment rents are leaving more poor people without places to live. The study, which is the most ambitious count the Orange County Executive Office has ever attempted, found that there are 14,086 homeless people in the county. The total represents an 18% jump over a 1998 survey.
BUSINESS
September 10, 1999 | DARYL STRICKLAND, TIMES STAFF WRITER
Low-income residents of Orange County are working more hours than ever to afford a decent apartment, a trend that is forcing tens of thousands to settle for overcrowded units and slum housing, according to a report released Thursday. Among other things, the study's findings pose a serious threat to the region's economy, which is enjoying its longest peacetime expansion since World War II.
NEWS
July 23, 1999 | DARYL STRICKLAND, TIMES STAFF WRITER
The average apartment rent in Orange County smashed through the $1,000-a-month mark for the first time as the region's economy produced far more jobs than it did housing, according to a new rental survey. Mirroring the sharp increase in home prices over the last year, the average rent hit an all-time high of $1,003 a month, up 7.8% from a year ago, according to RealFacts, a Novato-based real estate research firm. The county's apartment complexes were 97.4% occupied at the end of June.
BUSINESS
April 15, 1999
Apartment rents in Orange County rose nearly 7% in the first quarter compared to last year. The average rent countywide jumped to $983 with 16 markets charging more than $1,000 a month. Here are the first-quarter rates, based on complexes with more than 80 apartments: *--* Average rent 1-yr increase Studio $697 5.5% 1bd/1bath 859 6.4 2bd/2bath 1,130 7.4 3bd/2bath 1,243 7.5 All 983 6.9 *--* *--* Units Occupancy Avrg. rent Aliso Viejo 3,677 89.5% $1,227 Anaheim 14,391 97.
CALIFORNIA | LOCAL
November 22, 1998 | PHIL WILLON, TIMES STAFF WRITER
Rocky and Diane Bales shipped off the dogs to relatives and make their kids take turns sleeping on the fold-out couch, all part of the hassles they face as apartment nomads. Though they pull in a combined $60,000 a year, the young couple can't find a suitable apartment in Orange County that they can afford--at least, not one as nice as the house they rented in Anaheim until it was sold in July.
BUSINESS
November 6, 1998 | DARYL STRICKLAND, TIMES STAFF WRITER
Rents in Orange County rose 7% over the past year, to an average $956 a month, a real estate research firm reported Thursday. The region's booming economy, which has produced a greater percentage of jobs and lower unemployment than almost any other place in California, is outpacing builders' ability to construct more apartments.
CALIFORNIA | LOCAL
July 15, 1991 | JEFFREY A. PERLMAN, TIMES STAFF WRITER
Suspicious that a single-family home was being used as an unlicensed board-and-care facility, fire officials disconnected its utilities after dousing a small garage fire there Sunday and barred its seven residents from returning. No injuries were reported. Two residents were relocated with relatives, and five others were moved to a motel by the American Red Cross, according to Doug Gavilanes, a Red Cross spokesman.
CALIFORNIA | LOCAL
May 10, 1998 | SCOTT MARTELLE, TIMES STAFF WRITER
Don't be surprised if this is the apartment ad of the future: "For rent--2br, 2ba, w/prking, crptg, new appls and tutoring." Under a rapidly growing nonprofit program based in Newport Beach, renters in several low- to moderate-priced apartment complexes across Southern California are finding the usual perks of tennis courts and swimming pools expanded to include free learning centers for their children.
CALIFORNIA | LOCAL
August 19, 1997 | LEE ROMNEY, TIMES STAFF WRITER
After investigations in six Southern California counties, Orange County district attorney's officials have filed criminal charges against operators of a so-called property management firm that moves in on homes in foreclosure, re-keys the locks, rents the properties and pockets the cash. Windsor Pacific Inc.
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