triplex + garage - renting out garage for additional rent
Hi Everyone,
Background:
I own a tri-plex in los angeles... rent controlled.. one of the tenants lived there when i acquired the property.. his rent is 750.00 - current rate is approx 3k
He has full access to the only Garage on the building, an additional parking spot, and a great size yard... I want to take some things away from him.. After reviewing a pdf on Reduction in Housing Services on the HCIDLA website... its RAC 410.. in case anyone wants to look it up.. It shows there is a range for taking away parking from 67$ - $222 (Suggested reduction) and if the tenant is not happy with the deduction they can appeal it with the housing board for an amount decided upon by the housing board. I would hope they would take into consideration that the rent they're paying is already so low..?
so......
- what do you think the value of a parking spot is worth? HOLLYWOOD . Difficult area to find street parking, but no limitation on how long you can park once you do.
- what if i were to convert the garage into a non-conforming unit? extra income of $1500 or so
- has anyone done anything like this before?
need some advice! Thanks