Property Tax Avoidance in California

[Nicole Holcomb]

Hi BP! 

I have a client in San Diego that just inherited a 4 Plex worth $1,300,000. The property is in a trust and has been passed down to share between 3 siblings. My client wants to buy out his other two siblings but is also looking to avoid a property tax reassessment. I have done some research but am struggling to find information on how to skirt the property tax reassessment on a multifamily property. Help please!