Zoning Page

City Council Approves Removal of 887 E 42nd St from Rent Escrow Account Program

  • When: 2025/04/23
  • Address: 887 E 42nd St, Los Angeles, CA 90011
  • City: Los Angeles
  • State: CA
  • Category: Project Amendments
  • Subcategory: Development Plan Amendment
  • Asset Class: Multifamily
  • Property Type: Workforce Housing
  • Size: 5 units

On April 23, 2025, the Los Angeles City Council adopted a resolution to terminate the rent reductions and remove the escrow account for the multifamily property at 887 E 42nd St under REAP Case No. 789124. The property was originally placed into the Rent Escrow Account Program following 32 cited violations related to plumbing, gas, and illegal construction. LAHD confirmed all violations were corrected and the owner satisfied outstanding LADWP charges. The action authorizes the release of remaining escrow funds after administrative fees and restores rent to the original level 30 days after tenant notification. The resolution also mandates expedited SCEP inspections and prepayment for two annual inspections beyond standard re-inspections. Council further authorized recordation of a certificate terminating the REAP recording and directed fund expenditure from the Code Enforcement Trust Fund #41M to reduce REAP escrow liability.

Source

Ownership - PICO PLACE LLC