This could also be finished out for more rooms or left as storage.Based on comps, I can see getting at least $23 sq ft/yr as a NNN lease.What’s your assessment for a cash offer?

Unfortunately, as long as Los Angeles County is classified “purple” on the state’s color-coded virus risk assessment, coffeehouses (along with restaurants) will remain closed for indoor seating.

My business partner and I are ever closer to putting our first few offers down on potential properties, and figured the input from the GC could help with any bids that our lender may require and give us a much more accurate assessment of rehab costs.

I will also have a registered architect with me as well to assess the as-is condition. 

When doing so, be careful of any potential tax assessment increase. - Matt 

If I acquire this for 1.5 MM, would the tax assessment jump?

It helps me assess the viability of a property as an investment.

When looking at the county assessors site, this property's tax assessment is around $100,000, and the average of all the comparable sales I pulled from the assessor's website is around $150,000.

This week we received via the mail for our updated tax assessment and bill for 2020.

Condos are great to live in but for investors to pay association fees and assessments that can really take a chunk out of your income.