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Updated about 8 years ago,
In Escrow! Legal 4 Unit?
Hi Everyone,
I am a new REI and am currently in the process of purchasing my first investment property in the city of Los Angeles. The property specs is a 4-unit and was built in 1930. On site of the property, I can visibly see 4 separate gas and electric meters and 4 individual units. However, looking at title record (i use title365.com), the property is listed as 3 units. I am worried the owner has made some illegal additions to the property and therefore have made a subject to clause in my offer saying the owner must show me proof that it is a legal 4 unit. I would like to know what the BP community thoughts might be about my situation. Thanks! Write your post