As of this past April our lovely local politicians doubled the relocation fees that must be paid to tenants in order for an owner to reclaim his/her property.
The Los Angeles relocation fees (including San Pedro) is now $6810 for a single person and $17,400 for tenants with minor children or anyone over age 60 or disabled.
The Los Angeles City council has hurt income property owners and buyers terribly by passing this increase and has decreased the value of income property withing city limits.
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