Are there any exemptions available to owner occupied duplexes in City of Los Angeles? My property is currently listed as covered under RSO. I live in one unit and rent the other. I'm seeing language in AB 1482 which seems to suggest if the duplex is owner occupied and the owner is NOT a real estate investment trust, a corporation or limited liability corp then there's an RSO exemption?? I'm hoping for some clarification.
Are there any exemptions available to owner occupied duplexes in City of Los Angeles? My property is currently listed as covered under RSO. I live in one unit and rent the other. I'm seeing language in AB 1482 which seems to suggest if the duplex is owner occupied and the owner is NOT a real estate investment trust, a corporation or limited liability corp then there's an RSO exemption?? I'm hoping for some clarification.
Hi Alexandra,
Congrats on the house hack! I had the same question as you a couple years ago, and to my knowledge, there is not an owner-occupied exemption for RSO, so I believe your property is subject to LA's RSO. If you want to 100% confirm, you can reach out to the LA Housing Department and tell them about your situation. The wait times are long, but they're generally helpful (I tried calling just now to see if I could quickly ask but they are closed for Veterans Day).
If you have any questions about managing RSO property, I'm happy to help in any way I can, just let me know!