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Updated about 8 years ago on . Most recent reply
Short Term vs Long Term Rental in Los Angeles?
I am a newbie investor in the Los Angeles area who recently purchased a unique duplex, centrally located (Mid Wilshire/Mid City). The property is actually a large front house (7br) with a studio guest house in the back. I originally bought the pIace thinking that I would live in the back house and Airbnb the front, but I'm starting to reconsider as a result of everything I'm reading about the new short term rental laws as well as the amount of work it will take to turn 7 bedrooms. The property is centrally located and has a lot of unique features, but it's certainly not a luxury rental. Can anyone comment on the legal status of Airbnb in this part of the city, and/or whether it would make more sense to get a long term renter vs my original short term strategy?
Most Popular Reply
Ok folks, here is my report. Spoiler alert - it's not good news.
Short term rentals are 100% illegal in LA. There are some negotiations ongoing, but regardless it looks like it will remain illegal in rent controlled areas (like mine).