Selling a 2–4 unit income property in Echo Park

Your purchaser pool can include investors and owner-users.

I prepare the records for both groups. An investor evaluates income and risk. An owner-user may also consider living in one unit and renting the others, often called house-hacking. Occupancy availability and financing eligibility must be verified; I do not market an occupied unit as vacant.

FHA financing may be an option for eligible owner-occupied 2–4 unit purchases, subject to lender and property requirements. I ask the purchaser’s lender to verify eligibility rather than assume a loan will be available.

Actual rents and RSO status shape the sale strategy.

I review leases, collections, operating costs, and the documented status of each unit. A sale is not a reason to assume unrestricted rent increases or a vacant building.

ADU potential needs permit and housing review.

I separate existing legal units from proposed additional units. I ask for permit records and a parcel-specific review of feasibility, costs, and rent-control implications before assigning value to a proposed ADU.

The local ledger does not establish a 2–4 unit track record.

My 24 closings in 90026 span multiple property types. The existing local ledger has no separately verified 2–4 unit closing. I do not describe its 5+ unit buildings as duplex or fourplex sales.