Residents living in SB Buildings located in Downtown Los Angeles have taken to social media to document the horrors of living in a building being neglected by its owner/management company, Greystar. SB Main, located across the street from the Cecil Hotel, was deemed uninhabitable by the City Sept. 1.
Residents have posted photos inside of elevators with no working lights, mold infested units due to lack of repairs and leaks, busted bags of concrete left in the stairwell, and a host of other issues. The property management company is giving the impression they are intentionally driving residents out with their continued apathy and neglect to the issues.
The front door to the building doesn’t properly close so anyone can access the building considering there is no security either.
Greystar’s website indicates they have over 780,000 multifamily units and student beds under their management, making them the largest owner, manager, and operator of apartments in the U.S. according to a lawsuit filed against them last year.
Greystar advertises rent in the multiple “SB” properties between $1758 – $4115 per month with the average rent in Los Angeles being $2734 per month.
It is not clear what the plans are for the SB properties, there are five of them, as the SB Main building is a National Historic Landmark according to Esotouric Tours, who has amplified the residents concerns on their social media.
A sickening Instagram page @sbbuildingsdtla is documenting the horrors the tenants of “SB Main” aka Board of Trade (Curlett & Beelman, 1929) are suffering since Greystar bought the neglected National Register landmark from Barry Shy. This is a crime scene.@Esotouric
The SBBuildingsDTLA account has posted a notice from the city of LA dated Sept. 1 that deems the building uninhabitable and giving the management company until Oct. 12 to make all repairs, but based on the disturbing photos and videos, that seems impossible.
If the City deems the property as uninhabitable, where are the residents supposed to go? How are they expected to “work around’ mold and sewage issues? Where’s the LA County Health department on this?
Has anyone reached out to Councilman Kevin de León’s office?
Greystar could not be reached for comment.