We buy Dingbats in LA, where we add ADU's in the front & back carports. Here is a before & after of one of our projects, where we added a 1BR in the front & 2BR in the back. Construction cost $270,000. New income $50,000. $6,000 rent reductions to existing rent controlled tenants for loss of parking. $44,000 net income gain. We went from parking for 8 units to parking for 6 units. In the front of the building 3 units lost their 2nd tandem parking space, not the end of the world. In the back 2 units lost their only parking space, which was more difficult, but adding 2 ADU’s is worth the trade off in my opinion. This was a C+ neighborhood (East Hollywood). In B & A locations the numbers can work better.

@JulieChangRE Amazing remodel!

@Dino_AZ_2022 Used to be able to choose your trash co in LA pre 2017. In most of the cities in the South Bay you still can.

@JasonDWeinstein You think they get paid more to tag the bins as overweight?

@BarryRoland19 I can bench press just the bar 20 X. How am I doing?

@dsvid1515 Congrats! Nice looking piece of land there!

@offthecuff09 Pretty much!

@a_strider_again Hello my fellow warrior. One day we will overcome their punitive ways!

@TripleNetTyler Touche!

@svmscal Distance fee, unlock fee, overweight fee, you put the wrong trash in the trash fee :(

@GDCAndrew @_Kesh_Money That's above the listing price.

@GDCAndrew @_Kesh_Money What's the bottom line ;)

@credealjunkie Is he wearing fire fighter pants?

@GDCAndrew @_Kesh_Money What are you selling Andrew?

@k_thos @shawngorham 😬

@wackawacka23 Double or more on some buildings

@RealCoachMRios Athens I think

@_Kesh_Money Haha! I used to bring smiles to a lot of brokers faces doing this. Have learned over the years to at least wait a few weeks.

@DavidEvans9 I shave my own head every month! The savings have allowed me to invest in LA Multifam.

@LAhex @MayorOfLA @EunissesH @PresKrekorian @MRodCD7 @CD13LosAngeles @LACity What a crazy city where we are resorting to surveillance of our trash companies to make sure they aren't cheating us!