Developing a 4 unit t.i.c. in l.a., any tips?
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Hi all, ive done a bunch of development in the past but recently this t.i.c. approach has caught my attention. Was hoping to get some feedback from people who have successfully bought / sold t.i.c.'s in the past as far as general do's and donts.
- How much of a premium (if any) should I expect vs. Selling all together?
- How important is designating parking spots
- What about outdoor spaces (non common)
Its currently a legal 2 unit detached duplex. I purchased the property vacant. Rd.1.5 zoned, and is identified as historic in the hpoz
My plans are as follows,
New 4 gang 600 amp meter (enough to supply at least one car charger per unit), water and gas submetered
- maintain the footprint of the front house (approx 1700s.f. 3/3.5), all new foundation, mostly new subfloor framing, new roof, elec, plumbing and hvac
- split the existing rear unit (1400 s.f.) into Two 1/1 units, all new m.e.p. and roof
- build a new adu (1200 s.f. 3/3) with attached 2 car garage