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The point of that article was that a tsunami of the size that would be caused by the whole chunk falling in the ocean at once was probably last seen 200000 years ago. There are smaller tsunamis now and then, but the size that would actually take out LA does not happen often at all.
Also, like they said, the likeliness that the whole chunk falls into the ocean in one go and not slowly dropping down further and further is very slim. It is more likely to either break in peices and these fall down by themselves or that it continues to slip down slowly and only at the end dropping down faster creating a way smaller tsunami.
Its not going to happen soon ;)
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