Laguna Beach 6-Unit TIC Condo Conversion – Input on Structure & Execution

[Timothy Chiapel]

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.