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July 2021 | VOLUME 6 | ISSUE 7
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LO C A L L I F E ST Y L E P U B L I C AT I O N
VOLUME 5
Kensington-Talmadge Neighbors Continue Fight Ken-Tal Neighbors AgainstDestructive "Granny Continue Fight
It was a fun 4th in Talmadge!! Here are some highlights from the parade…
The grassroots, volunteer group "Neighbors for a Better San What the heck is happening intheSan Diego Diego" (NFABSD) is now spreading its message across city, urging Sanreal estate?! Diegans to Þght back against irresponsible city regulations that allow Are homes even selling? Can rental I even a loan right now? speculators and absentee landlords to build multiple units get on singlefamily lots, with no parking, no landscaping, and little or no setbacks from neighboring Theseproperties. are some of the questions I get on a daily basis in NFABSD started its campaign for sensible the midst of development our COVID19 shelter place period. in April, when a groupin of Talmadge residents learned of plans by the new, absentee owner to convert a single family residence on 49th and thanks to their service!), and if I am here to tell you that homes Street intoindeed, a six-unit complex. A review of benefit city permitare applications that the developer you are borrowing $701,500 or less, which are selling and people getting conÞrmed loans. will convert the garage to an "accessory dwelling putsinyou It’s still a bit early unit" to see any pricebuild four more ADUs (ADU/JADU), the in the conventional financing modest backyard, and also rent out the category, many lenders will still allow you adjustment trendsproperty's as we tend to measure existing home, for a total of six rental units. to put as little as 5% down. All loans and that trend over a 3–6 month time frame City regulations allowed the developer to lenders are not created equal, nor are and we just don’t proceed have that hindsight without notifying neighbors,all and the community had no their financing programs. Contact me for as of yet. But I can tell you that I am still opportunity to review the plans or comment a referral to a trustworthy lender that can consistently seeing multiple offers on the proposed construction. The city's ADUon regulations, approved in October, 2020, also provide you the information you need to properties in San Diego,byparticularly go far beyond what is required state law. in the No off-street parking is required, adding up both get started in your research. $1.2 million range and below with to a my dozen or more cars and trucks to the buyer and seller clients. Of course, already crowded streets in our established neighborhoods. There side or rear If you would like to explore buying and/ this depends onare thenolocation and overall setbacks required for the backyard ADUs, so or selling in this ever changing market, presentation, but with already those additional buildings can an sit right on very theirlimited neighbors' lines.inventory Developersfor buyers give me a call at 619.944.2798 or email setproperty of housing can "clear-cut" backyard trees, shrubs and greenery to make room for the me at Megan@MeganB.com. I’d be happy out there to choose that from, it’sreplace even tighter ADUs, with no requirement they any of that desperately needed "urban forest". Thethat backyard ADUs can befor 30 afeet tall, dwarÞng the to discuss with you what sets my service now. Those can still qualify surrounding single-story homes. Even worse, the absentee landlords don't apart from are able to which take advantage ofdesperately the pay loan development fees, robs the city of needed funds to the rest! improve andachieve inadequate infrastructure still the lowoutdated rates and their dream of in our established neighborhoods. homeownership, moving up, or downsizing. Despite our best efforts, the absentee owner of the 49th Street property started that work on that project on July 5. And just as we feared, the developer clear-cut the backyard to make room for the ADUs Loanshas can be a little tricky these days Neighbors for a Better San Diego appealed to our newly-elected District for a Member, primarySean residence andfortrickier 9 Council Elo-Rivera help in still repealing the most damaging aspects of the city's ADU regulations, which apply to neighborhoods for an investment property. For a primary throughout the city. But to date, Elo-Rivera has refused to take a leadership loan, with many (butTodd not Gloria all) has also defended the role residence in rewriting the regulations. Mayor regulations, which go far beyond existing state lenders, you should count on having law, at which allows a property owner to build an ADU and junior ADU on a single family residential lot. least 20% down if you are needing to Proponents of the city's destructive, irreversible regulations also continue borrow $701,501 orby higher asthat thisthe puts you to misrepresent the facts insisting new rules simply bring the city into in compliance withloan” state regulations, patently false. the “jumbo category. which Most is lenders In response, Neighbors for a Better San Diego has stepped up its are still processing uptotoother $1 million organizing effort, spreadingVA its loans message communities in District 9, and $0 throughout the city. an Community groups and homeowners from Valencia down (always incredible opportunity Park to Clairemont and South Park to University City are joining our effort to roll-back the most damaging aspects of the new regulations. Neighbors across the city are planting "No on GrannyTowers" yard signs in their front lawns, and contributing to NFABSD's effort to expand affordable housing options for San Diegans, while retaining common-sense regulations. With your help and support, Neighbors for a Better San Diego will continue its effort to restore common sense and basic environmental standards to new construction in San Diego's older neighborhoods, and throughout the city.
Have questions about real estate? Contact Megan!
Meet your neighbor Wendy Reynolds Our spotlight this month is on Wendy Reynolds of Talmadge. A San Diego native, Reynolds grew up in Clairemont, went to Mission Bay High School and attended San Diego State for college, “GO AZTECS!” Along the way Reynolds moved to San Francisco and after 20 years in the Bay Area, she decided she needed a change and made the move back to her hometown of San Diego. After going to area open houses, she came across Talmadge. According to Reynolds, “I loved the friendly neighborhood vibe and all the planned activities. I haven’t seen a neighborhood quite like Talmadge.” In May of 2019, Reynolds made Talmadge her home. A graphic designer for 25 years, she has owned her own design business, Olive Design for 20 years and is currently freelancing. Ultimately, she is looking for a permanent employee position (hint, hint). You can find her online portfolio at wendyreynolds.myportfolio. com. In her free time, Reynolds loves hiking, mountain biking, print making, art shows and happy hour. Her passions include travel, photography and she loves her adorable dog, Diego. If you see them out in the neighborhood, be sure to say hello! Happy to have you here, Wendy!
Have Questions About Real Estate? Megan Beauvais Contact Megan! REALTOR¨, GRI
Megan Beauvais REALTOR® 619.944.2798
ISSUE 5
America the Beautiful!
Against Destructive “Granny Towers” and Backyard Dwelling Units by guest contributor, Paul Krueger
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megan@meganb.com DRE 01426805
DRE 01426805 megan@meganb.com 619.944.2798 www.meganb.com Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01527365. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate.
Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01527365. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been veriÞed. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. This information is provided for informational purposes only and is not a solicitation, recommendation, offer or promise to provide services. Compass is not offering legal, Þnancial or other professional advice. Compass reserves the right to refuse, reject, or cancel the program for any reason at any time without liability. Compass offers no guarantee or warranty of results. Subject to additional terms and conditions. Home must qualify under Compass Concierge guidelines. Subject to additional terms and conditions.