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Updated over 8 years ago on . Most recent reply

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24
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14
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Ryan Rodriguez
  • El Monte, CA
14
Votes |
24
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In Escrow! Legal 4 Unit?

Ryan Rodriguez
  • El Monte, CA
Posted

Hi Everyone,

I am a new REI and am currently in the process of purchasing my first investment property in the city of Los Angeles. The property specs is a 4-unit and was built in 1930. On site of the property, I can visibly see 4 separate gas and electric meters and 4 individual units. However, looking at title record (i use title365.com), the property is listed as 3 units. I am worried the owner has made some illegal additions to the property and therefore have made a subject to clause in my offer saying the owner must show me proof that it is a legal 4 unit. I would like to know what the BP community thoughts might be about my situation. Thanks! Write your post

Most Popular Reply

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654
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615
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Tim Ryan
  • Investor / Mentor / Contractor
  • Arcadia, CA Buying Out of State
615
Votes |
654
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Tim Ryan
  • Investor / Mentor / Contractor
  • Arcadia, CA Buying Out of State
Replied

I would go to the City of LA Zoning Department (at Building and Safety) and ask them in person. Don't take anyone's word for it.
So do the units have tenants? Are you buying property with tenants under rent control?
Just wondering because I would never buy in LA with rent control.

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