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About one-third of California cities and counties have inclusionary zoning ordinances. Such laws might require, beside affordable units for sale, units for rent. In this case, a Los Angeles housing ordinance in effect mandated that sixty rentals for low-income tenants be included in Geoff Palmer's 350-unit development west of downtown. [193]
Purchasing a condo can be a more affordable route to homeownership compared to buying a traditional single-family home. The median condo price is still under $300,000 in most major cities, Zoocasa ...
Under pressure to provide affordable housing, the city of Los Angeles rezoned most of the district for large multifamily dwellings. This resulted in most of Palms' historic housing stock being razed and replaced with two-story (or larger) apartment buildings. Very few original houses remain, and many of those are on lots where additional ...
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The homeowner vacancy rate was 0.8%; the rental vacancy rate was 7.2%. 33,167 people (67.7% of the population) lived in owner-occupied housing units and 15,664 people (32.0%) lived in rental housing units. The estimated median house or condo value in 2009 was $461,614.
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