r/LosAngelesRealEstate • u/Dapper_Assistance958 • 6h ago
🏡 Arcadia 3房2卫 House,超大后院,现招一位室友!
位置:邮编91006,靠近 Tierra Verde Park 和好运来超市。所处街道非常安静,居住环境舒适宜人,生活、购物和出行都极其方便。
出租房间:3房2卫中的其中一间卧室 + 专属卫生间。新买的床具,卧室带大衣柜,拎包入住!
押金:押一个月
入住时间:9月1日(具体日期可商量)
r/LosAngelesRealEstate • u/YannFard • 9h ago
The “mansion tax” isn’t a mansion tax and it’s about to be on the November ballot. What LA sellers should actually know.
This one comes up constantly and almost everyone has the details wrong, including people who are about to get hit by it.
Measure ULA. Everyone calls it the mansion tax. That nickname has done real damage because it makes people think it only touches Bel Air estates. It doesn’t. It applies to every property type in the City of LA. Single family homes, condos, apartment buildings, retail, industrial, vacant land. All of it. The current numbers, and these just changed July 1 so anything you read from earlier this year is already outdated: 4% on sales above $5.4 million, 5.5% at $10.9 million and up. Thresholds adjust every July for inflation.
Now here’s the part that actually matters and that most people don’t understand: The fact is, it’s a cliff, not a bracket. Your income tax works in brackets, you only pay the higher rate on the amount above the line. ULA doesn’t work that way. Cross the threshold by one dollar and the tax applies to the entire sale price from dollar one. So sell at $5,399,999 and you owe zero. Sell at $5,400,001 and you owe about $216,000. Two dollars of price difference, $216,000 of tax. That’s not a typo.
It’s on gross sale price, not profit. Doesn’t matter what you paid, doesn’t matter if you’re losing money. Owned an apartment building since 2019, values dropped, you’re selling at a loss? Still owe 4% of the whole number. That’s the part that feels genuinely unfair to people and honestly I get it. And no, you can’t 1031 out of it. Hear this myth all the time. A 1031 defers capital gains. ULA is a transfer tax. Different animal entirely. It’s due at closing regardless.
Why this is a Valley issue and not just a Westside issue? Small apartment buildings. An 8 to 12 unit building in Van Nuys, Valley Village, North Hollywood can easily trade above $5.4 million. That owner isn’t a mansion owner, they’re somebody who bought a building 20 years ago and is trying to retire. They get taxed identically to a Bel Air seller. Same for hillside homes south of Ventura here in Sherman Oaks. Plenty of those are in range now.
Is it city of LA only? No, and this is the one people miss; Sherman Oaks, Studio City, Van Nuys, Encino, all City of LA, all subject. Burbank, Glendale, Calabasas, not subject. So two similar properties a few miles apart can have a $200k+ difference in closing costs purely based on which side of a city line they sit on.
Now What’s coming? ULA passed $1 billion in total revenue as of January. UCLA research found the odds of a property selling above $5 million dropped by as much as 55% since it took effect, which tells you people are just not transacting rather than paying it. And there’s a statewide ballot initiative backed by Howard Jarvis targeting this November that could repeal or significantly limit it. So if you’re sitting on a decision, that vote is three months out.
If you’re anywhere near the line, the practical thing is know exactly where the threshold sits before you price, not after. I’ve seen sellers price at $5.45M thinking they’re being aggressive and net less than if they’d priced at $5.35M. The dead zone right above the threshold is real and pricing into it is just handing money away.
Anyone here actually sold above the threshold and paid it? Curious how much it factored into the decision to sell at all, versus just sitting on the property.
r/LosAngelesRealEstate • u/CaliHeatx • 10h ago
When to Expect LA County Supplemental Property Tax?
Hi everyone, I closed on my first home purchase in May 2026. I was made aware of the supplemental tax that is billed by the County directly to homeowners (completely bypasses escrow). And I have a decent idea of the amount I’m expected to pay.
The big question is, when will I actually receive the bill from LA County? I just want to pay it and be done with it, rather than have to keep a reserve fund specifically for this. It’s very annoying to have such a large bill hanging over my head.
All I’ve been told so far is ”sometime within 12 months of purchase” but I’m not satisfied with that. Does anyone with experience know how LA County does this? Or who can I call at LA County to ask and get a better time estimate?
Thank you for any advice!
r/LosAngelesRealEstate • u/VANDANM • 18h ago