With house prices continuing to soar TICs, or Tenants in Common, are growing in popularity among first-time homebuyers looking to own in pricey LA neighborhoods.
Cat and Alex join the growing community of TIC homeowners by opting for a top-floor unit in a recently renovated 1940s building in Los Feliz. It’s a well-lit space measuring a tad over 900 square feet with tons of light streaming in through double-hung windows.[/fusion_text]
Era details — including hardwood floors, crown moldings, and high ceilings — seamlessly blend with modern light fixtures, updated kitchen featuring quartzite countertops, farmhouse sink, and stainless steel appliances, along with built in cabinets. There’s also a bonus office space with closets and in-unit laundry. The grounds offer a communal outdoor space, and the unit comes with two parking spots.
Located in the Ivanhoe School District and blocks from the Rowena Reservoir, Gelson’s, Trader Joes, Say Cheese, and Little Pine, the couple purchased their home for $630,000 — an unbelievable price for a renovated space in the neighborhood.
Interested in being a TIC homeowner? Let’s talk.