Laguna Beach 6-Unit TIC Condo Conversion – Input on Structure & Execution
Currently working on a 6-unit multifamily deal in Laguna Beach and would appreciate input on structure and execution.
The plan is a ~12-month hold where we transition the property from traditional apartments to a tenancy-in-common (TIC) structure and execute a unit-by-unit sell-down.
Overview:
- 6 units (all 2 bed / 2 bath)
- Ocean views, short walk to the beach
- Month-to-month tenancy (flexibility on execution)
- High-quality property, low reno cost
Would appreciate input on:
- Key risks or friction points in TIC / condo-style conversions
- Best way to phase and time unit sales in a market like Laguna
- Structuring considerations for short-term, execution-heavy deals
Happy to connect with anyone who has experience in similar strategies or coastal markets.