The Los Angeles City Council has unanimously passed the Neighborhood Conservation Interim Ordinance (ICO) which restricts development in 20 areas.
This ordinance enacts a 45 day ban on the size of new, single family dwellings in 15 Los Angeles neighborhoods: Valley Village, South Hollywood, La Brea Hancock Neighborhood, The Oaks of Los Feliz, Miracle Mile, Larchmont Heights, Lower Council District Five, Beverlywood, Inner Council District Five, Fairfax Area, Bel Air, Faircrest Heights Neighborhood, Kentwood, Mar Vista/East Venice and Old Granada Hills. The City Council has the option to extend the ban through 2017.
This law also puts a temporary moratorium on building and demolition permits in five proposed Historic Preservation Overlay Zones: Sunset Square, Cathay Square, Holmby-Westwood, Oxford Square and El Sereno-Berkshire Craftsman District.
Los Angeles city planners are in the process of creating new zoning codes for development in the city with a plan to have updated regulations released in 2017. You can follow the process at http://recode.la.
For more details please click on the link from the City Website that explains the ICO (Council File No 14-0656): http://clkrep.lacity.org/onlinedocs/2014/14-0656_rpt_plan_2-20-15.pdf.
If you have concerns about how this ordinance will impact your property, contact your realtor or you can email your City Council member directly.
I have been a realtor and real estate land specialist in Los Angeles for more than 15 years creating opportunities for land-owners and Buyers brokering vacant land throughout the Great Los Angeles area. I can be contacted at sales(at)westsideland(dot) com and information from www.westsideland.com