Priced out: Inglewood struggles to protect longtime residents amid wave of development

A sports complex and other new investments have attracted wealthier renters and buyers, and some landlords have doubled the rent

Apr.April 10, 2019 02:03 PM
Inglewood Mayor James Butts 

With a $5 billion sports complex under construction and hundreds of millions more spent on residential and commercial real estate investments, Inglewood has been transforming fast. But it’s not to the benefit of everyone.

Many of Inglewood’s predominantly black and Hispanic residents who lived through the city’s struggles now find themselves getting priced out and pushed, according to the Los Angeles Times. The city is struggling to find ways to protect those longtime residents.

About two-thirds of the city’s residents are renters, making them extremely vulnerable to rent hikes associated with gentrification, according to the report. Some landlords have more than doubled rents at their properties and the city has had to step in on a case-by-case basis to negotiate better deals for residents.

Tomisha Pinson rents a two-bedroom apartment near the under-construction L.A. Stadium at Hollywood Park, the future 70,000-seat home of the L.A. Rams and L.A. Chargers. She received a notice from her landlord, Santa Monica-based Malin Asset Management, that rent would spike to $2,725 from $1,145. There were similar increases at another Malin-owned property in the city, the Times reported.

Inglewood Mayor James Butts got wind of the increase and negotiated a deal that allowed residents to choose gradual rent hikes or $10,000 in cash to move out by April.

In March, Butts and the City Council also instituted a 45-day moratorium on rent increases above 5 percent. The moratorium didn’t address evictions and in some cases, landlords have evicted tenants without cause or without a notice of a rent increase, the report said. [LAT]Dennis Lynch 

Related Articles

Art Caption: Clockwise from top left: Assemblyman David Chiu and Gov. Gavin Newsom pushed for a statewide rent control law, L.A. mansions that sold for combined $400+ million, developer Mohamed Hadid battled to save his Bel Air project, Frederik Eklund of Douglas Elliman moved to L.A. and (inset) streaming services gobbled up more space.

LA’s biggest real estate stories of 2019

Tenancy in common arrangementsare growing in gentrifying Eastside neighborhoods like Silver Lake, Echo Park and Glassell Park (Credit: iStock)

LA landlords pitch controversial ownership arrangement as rent law kicks in

From left: Howard Schwimmer and Michael S. Frankel, with 1601 W. Mission Boulevard and 2757 E. Del Amo Boulevard (Credit: Google Maps)

Rexford Industrial adds to LA portfolio with $100M in acquisitions

Andrew McDonald and At Mateo in the Arts District

Cushman’s West Coast chief talks expansion, DTLA market, the death of the starving baby broker & more

3339 Exposition Blvd. and Asher Luzzatto

Luzzatto Co. assembling creative office hub in West Adams

Jason Illoulian and the Cemex plant

Faring makes $30M assemblage play on WeHo/LA border

Assemblyman David Chiu

Landlords are evicting tenants ahead of rent control law: tenant group

From left: Nuveen CEO Vijay Advani, Graymark founder/CEO Brian Hecktman

Graymark, Nuveen pay $97M for El Segundo creative office