Airbnb conversion: Hollywood Hills property owner seeks apartment-hotel hybrid

The filing comes as LA’s new short-term rental laws go into effect

Los Angeles /
Jul.July 03, 2019 02:15 PM
2000 North Highland Avenue (Credit: Google Maps)
2000 North Highland Avenue (Credit: Google Maps)

A Hollywood Hills apartment building owner wants to convert the property to short-term rentals, a move that comes as Los Angeles’ new law restricting Airbnb-type companies take effect.

Villa Valentino Hollywood LP — an entity controlled by an individual named Carl Lindros — owns the 18-unit building at 2000 N. Highland Avenue. Plans were filed plans last week to create an apartment-hotel hybrid there, records show. The property would be up to 61 feet high — meaning additional work would be done on the structure — and would be used primarily for guests staying for 30 days or less.

The property would be classified as a designated as a transient occupancy residential structure, meaning it will be a building designed or used as both a permanent residence for some occupants and a short-term stay for those who rent.

The move comes as the city’s new short-term rental laws go into effect for companies like Airbnb and HomeAway. At the same time, landlords in L.A. are partnering with extended-stay home-sharing companies to fill vacant units. Housing advocates say these platforms are adding to the problems that have contributed to the city’s lack of affordable units.

The transit occupancy residential designation was part of what helped developer Onni Group successfully fight an appeal over units used as short-term stays at its Downtown condo tower. Onni won the battle despite claims it was also operating and an “unpermitted hotel” at its 35-story building at 888 Olive Street. The city allowed Onni to continue providing short-term rentals, which the company dubbed Level Furnished Living residences.


Related Articles

arrow_forward_ios
Rihanna asks $7.8M for Hollywood Hills property after buying in Beverly Hills
Rihanna asks $7.8M for Hollywood Hills property after buying in Beverly Hills
Rihanna asks $7.8M for Hollywood Hills property after buying in Beverly Hills
G6 Hospitality CEO Rob Palleschi and Motel 6 San Jose South, one of the largest assets in the portfolio (G6)
Blackstone’s Motel 6 portfolio gets $685M CMBS loan
Blackstone’s Motel 6 portfolio gets $685M CMBS loan
Renderings for the initial proposal (Los Angeles City Planning)
Domyan Group downsizes plans for DTLA hotel
Domyan Group downsizes plans for DTLA hotel
1369 Londonderry Place and Niami (Compass via The Agency, Getty)
Nile Niami unloads yet another massive spec mansion
Nile Niami unloads yet another massive spec mansion
1407 Tanager Way (Zillow)
Home repair hell: Contractor sues LLC tied to Travelzoo CEO
Home repair hell: Contractor sues LLC tied to Travelzoo CEO
Hotel sales in California “completely rebound” from 2020 levels
Hotel sales in California “completely rebound” from 2020 levels
Hotel sales in California “completely rebound” from 2020 levels
Plans for the Woodland Hills project with Urban Stearns co-founder Shy Cohen (Togawa Smith Martin, Urban Stearns)
Urban Stearns plans apartment, hotel project in Woodland Hills
Urban Stearns plans apartment, hotel project in Woodland Hills
Relevant Group co-founders Grant King and Richard Heyman (Facebook via Related)
Relevant Group co-founder Richard Heyman exits firm
Relevant Group co-founder Richard Heyman exits firm
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...