Construction of a Multi-family in Los Angeles

[Kent Newmark]

Due to rent control laws and the difficulty of buying a vacant multi-family I am considering buying a house zoned for a multi-family. The only way any multi-family in LA could fit the 50% rule is by building a multi-family unit which would be owner occupied. (forget about the 2% rule all together, I think that is nearly impossible to fit in this kind of market).

My question mainly centers around if anyone has ever converted a home into a multi-family and how much it cost them per unit / sq foot. I know the price varies depending on location but I still think it's worth a shot asking. Also what unexpected issues did you face?

I am glad to help anyone in return. I am constantly looking at various properties in LA, multi-family units and homes. I also know the expected rent for various places as well. My day job is in digital marketing so I am happy to help you on that end as well.

Thanks everyone, hope you have a happy holiday!