SFR 3 ADUs

[glenn walker]

Its a Non-Conforming Property

So would you put in on a 1004 form despite what the cert page says?

Its DOA and no such thing as three ADUs--I live in California and never seen and City or County approve three ADU-as everyone in planning knows those are going to be used as three rental units .

I'm in California and I would not put it on any form until I knew what its legally permissible use is and I would Need copies of permits and Zoning variance granted by the City or County. Some of these new High Desnsity in fills in residential neighborhoods are approved for specific uses such as housing homeless Section-8 drug and alchohol recovery and the list goes on and on. There really Mixed Use Properties and also need copy of title report to see what variances have been recorded. Vey hard to find any comparables and there use restrictions often make them worth less than regular units.

 

[MrLA]

It's my understanding that the state of California imposed high density variances that supersede city/county zoning ordinances. GH might be a good resource for you if you're not familiar with this. If that is the case, however, and IF construction of the 3 additional living units is legal under the new CA high density regulations, then it's quite possible you have a 4-unit, and not an SF with 3 ADU's...

Absolutely. That is also what I do. I build adus for long term rentals. Technically it will be 2 lots with two duplexes.

 

[MrLA]

Don't you guys use your appraisal money to invest in real estate?

 

[glenn walker]

Don't you guys use your appraisal money to invest in real estate?

I used too now I just inherit them as people die- With median prices out here at $800,000 not much to purchase on the cheap anymore and thats why California investors are going to your State

 

[MrLA]

On my way now to sign my heloc with US Bank. Next adu project is 200k. I have 100k and using 100k from US Bank at .9% for 6 months.

 

[MrLA]

I'm building on existing homes owned. Buy cheap. Save money. Build out. Wait for cycle to drop. Rinse, wash, repeat. All San Fernando Valley Homes. Granads Hills and Tarzana. Next two homes will be like in Reseda on a busy street. My house in SCV is paid off. G Hills paid off. Tarzana is 380k left. Dave Ramsey Gang. Net worth 4 million and climbing. Investing the residential appraiser way. Leaving a legacy to my kids.

 

[MrLA]

You know I am from Los Angeles. Lol. I am the owner of the largest fee shop north of the 101.

 

[MrLA]

You have to be creative in Los Angeles. Adu, Jr adu, rec room, rumpus room, pool house. All legally permitted.

 

[glenn walker]

You know I am from Los Angeles. Lol. I am the owner of the largest fee shop north of the 101.

Why do you have Louisiana on your avatar ?? As far as Los Angeles I have been out here my entire life and we also purchased homes and units but in last year we are seeing very few projects we are interested in. never call Tops or Bottoms but we believe the rubber band in most of LA County has been stretched about as far as its going to go. We sold five this year and exchanged them into other more user friendly states.

 

[MrLA]

Why do you have Louisiana on your avatar ?? As far as Los Angeles I have been out here my entire life and we also purchased homes and units but in last year we are seeing very few projects we are interested in. never call Tops or Bottoms but we believe the rubber band in most of LA County has been stretched about as far as its going to go. We sold five this year and exchanged them into other more user friendly states.

Privacy issues. I see your from Claremont. That's why. I am staying in California. Look at my Avatar. I'm the Godfather. I create trainees and put then in new markets when they are licensed. Be careful. I might put one there. Lol 818/661/805 gang.