Rehabbing & House Flipping
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 10 years ago,
Evicting from multi-unit rent controled propety to do rehab
I'm looking to purchase a 4 unit property in Los Angeles (rent control). Tenants are paying $300-$400 for 2-3 bedroom apartments. Crazy. I would obviously start with cash for keys strategy first but in the worse case scenario can I evict them based on Ord. No. 177,901 Eff. 9/29/06. where the landlord seeks to recover possession in order to remove the rental unit permanently from rental housing use?
What happens when I sell the property? Can new owner bring these units back on rental market?