Hi-- Newbie in Los Angeles.

Hi everyone! I started to dig into the real estate investment since about 6 month ago. I have been looking into areas including great LA area (multifamily), Omaha (single family) and a little bit in short-term rental ...

I drafted the following new development pro forma google spreadsheet for a planned new multifamily complex in central Los Angeles :- 8x 2bd units (underground parking, and 2 levels above ground)- lot of 7000 sq ft - construction cost assumption- $3M (via GC rates: $150/sqft for underground, $250/sqft above ground; numbers provided by LA-based architect)With a monthly rent of $2800 per unit my projections show net cash flow of only 35K for the whole property after first year of occupancy.

I own a 4-plex in Los Angeles and have built up ~$1 million of equity in the property (bought in 2011, at the lows).

I'm a new investor looking for a investor friendly title company in the Los Angeles/SGV area.

I found him while moving from Los Angeles to Carmel.Daniel Katz(Inspector)TrustPoint InspectionsZionsville IN

Check out page 3 of the attached link...its the latest interpretation of the state laws by the city of Los Angeles:https://planning.lacity.org/odocument/ec892d01-7873-455a-8e15-78a771b2c7ac/ADU_Memo_2020_Final_2.26.20_(1).pdf

Hi Biggerpockets Team,
I hate writing, hearing or reading about anything like this subject but my Licensed contractor abandoned my project.
This guy was a referral from a co worker (her husband) and my due diligence...

Hi Biggerpockets Team,
I hate writing, hearing or reading about anything like this subject but my Licensed contractor abandoned my project.
This guy was a referral from a co worker (her husband) and my due diligence...

And the house was in Los Gatos as well!