Brief

The Los Angeles Housing Department initiated a file on September 8, 2026 concerning a property at 402 North Coronado Terrace (APN 5157-013-001), likely a real estate acquisition or disposition under the city's Real Estate Asset Program (REAP). The file is currently pending before the Housing Committee, which has scheduled the item for a committee meeting on September 16, 2026. Details of the specific transaction—whether acquisition, sale, or other disposition—are not yet public.

Full summary

The Los Angeles Housing Department is asking the City Council to remove 402 North Coronado Terrace, a 26-unit building owned by Park View Properties LLC, from the Rent Escrow Account Program (REAP) and end the rent reductions that came with that designation. The property was placed into REAP in January 2026 after the department's Code Enforcement Division cited two maintenance violations. One unit was affected. The department has since confirmed that all cited violations have been corrected, outstanding utility charges have been paid to LADWP, and tenant advocacy contractor Inquilinos Unidos has provided an advisory opinion confirming completion of the required work. If the Council approves the recommendation, rent for the affected unit would be restored to its original level 30 days after tenants are mailed a notice of restoration. Escrow funds held during the REAP period would be disbursed in a set order: first to cover LAHD administrative fees and penalties, then any outstanding fees under the municipal code, then any unpaid rent registration fees if the property falls under the Rent Stabilization Ordinance, with any remaining balance returned to the landlord. The City Controller would be authorized to draw from the Code Enforcement Trust Fund to close out the escrow account. As a condition of removal, the property owner must prepay LAHD for two annual inspections beyond the standard re-inspection included in the Systematic Code Enforcement Program fee, and LAHD will conduct an expedited systematic inspection of the property. The department also notified Council District 13 (represented by Hugo Soto-Martinez) of the pending removal recommendation. This file is one of 16 REAP removal cases LAHD bundled in a single September 4, 2026 report, all targeted for the September 30, 2026 City Council agenda. The matter has been referred to the Housing Committee, where it remains pending as of September 9, 2026.

Activity (3)

• 2026-09-11 Housing Committee scheduled item for committee meeting on September 16, 2026.
• 2026-09-09 Los Angeles Housing Department document(s) referred to Housing Committee.
• 2026-09-08 Document submitted by Los Angeles Housing Department, dated September 4, 2026.

Documents (1)

• 2026-09-04 Report from Los Angeles Housing Department · report