After initial call, we will be able to provide you with the following;

- Premium Conversion Opportunities.

- Strong Conversion Candidates.

- Moderate Conversion Potential.

- Smaller scale/ Development play.

Key Conversion Considerations- Legal;

- Rent Control (RSO).

- Condo Conversion Ordinance.

- TIC Alternative.

Optimal Conversion criteria;

- Built after 1978 or vacant or under performing.

- R4 or higher zoning.

- Individually metered utilities.

- 5-40 units range foir manageable scale.

- Prime walkable location such as Korea Town, Santa Monica, Downtown, Hollywood.

- Value added opportunity (undermarket rents, deferred maintenance).

Market Context;

- LA has strong demand for ownership in supply constrained neighborhood.

- OC is very desirables for family as well.

- Condo conversions are accelerating due to high multifamily valuations and ownership demand.