TIC Properties For Sale - Los Angeles Rapidly Growing Market

TIC properties for sale

The most rapidly growing marketplace for 'for sale' listings in Los Angeles is TIC property. What is a Tic in Real estate? They are condo alternatives- having a similar condoesky type of feeling however with more freedom and less rules - owners take an active control of their nonexclusive investment rather than sit passively and miss out on accumulating wealth. 

Looking for more of the legal information surrounding TICs and their usage? Andy Sirkin has been labeled the godfather of Tics having literally created the market out of thin air, or at least an incredibly tight San Fransico real estate market! 

Better than Renting! Tic Los Angeles

 The best place to shop for a Tic is with Compass. Tic Compass is a specialized division of Compass that focuses on Tic sales. It can be tricky to find out about TICs because they are not always all listed on Zillow or Redfin. Many TIC deals are happening off-market, which is why it is important to work with an experienced tic realtor. It might sound counterintuitive to say experienced agents with handling tics when they are so new. While that is true, if you have been involved in tic sales since the very beginning in Los Angeles you would have already have 4 years of experience! So you need an LA TIC OG

#1 is Affordability: TIC Listings Los Angeles

My best advice for browsing TICs is to carefully consider the number of units in the community and the location. The three L's of real estate will never be forgotten. The same is true for tics. One reason millenial buyers love tics is because they can get you access to a better neighborhood. Tics number one benefit is they have affordable pricing. 

Well, that's a Drag- tic property taxes

It can be a drag to think about property taxes. Indeed, if you have been rented you have not had to pay property taxes. They are approximately 1.25% of the property value in California. Since a TIC is owned together with co-owners you need to pay taxes. Normally in a condo, each owner would pay their own taxes. With a TIC each owner is responsible for their percentage share of ownership in the building for the property tax bill. Every owner has to pay the property tax bill together. It is essentially the same cost for condos or houses, but if you have been renting you may not be used to paying property taxes. That is why I always say it is slightly more expensive to Own than to rent- for things like maintenance and property tax. 

Franklin Tennessee Homes For Sale

Franklin Tennessee has a population of approximately 80,000 residents and is a suburb of Nashville with an expanding economy. The region has Nissan's corporate headquarters, A Mitsubishi auto manufacturing plant, and it is the center for Health Care in the state of Tennessee. Some examples of major health care and Hospital employers in Franklin Tn are Community Health Systems, Williamson Medical Center, EviCore Healthcare, and Optum.

Franklin Tn has a highly rated public school system. The Average Home Value in Franklin is $500,000, but prices can go up to the sky for luxury homes in 20M range. Franklin is a rich suburb so it is a little bit more pricy than some of the surrounding cities.

The Harper River cuts right through the Middle of Franklin. The Harper River is a tributary of the Cumberland River. Many of the old Downtown area buildings were built in the late 1800s. This gives Downtown Franklin a very nostalgic feeling with all the brick row houses. Great place to get some IPA beers or BBQ!

Neighborhoods in Franklin Tn:

1. Forest Home
2. Crowne Brook Circle / Gillespie
3. Bingham / Parry
4. West Harpeth / Douglas
5. Bethlehem / Grassland
6. Epworth / Harpeth
7. Berrys Chapel
8. Champions Cir 
9. Old Natchez / Moran Rd
10. Mudsink

Celebrity residents of Franklin Hill PAST & PRESENT:

• Miley Cyrus
• Justin Timberlake
• Nicole Kidman and Keith Urban (Former Residents)
• Johnny Cash
• Tim McGraw & Faith Hill
• Dave Ramsey

**Need assistance in buying or selling? Elizabeth Leanza is an expert Tennessee Realtor who works at Realty One Group in Franklin Hills Tn. **


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The Century Condos for Sale

The Century Condos For Sale

The Century As viewed from the North Looking South (Fox Plaza made famous in the original Die Hard in the background)

The Century is one of the newest editions to the evergrowing Century City Skyline. Constructed in 2010, this is arguably the best Luxury Highrise in All of Los Angeles. The building was developed by world-renown and respected New York Related Co. which has several other LA projects including their recently completed Argyle House in Hollywood. 

In a city like Los Angeles, there are not a lot of tall Buildings. The Century stands out from the rest towering 42 stories. It is taller than any building on the nearby Wilshire Corridor. The building is remarkable because of its oval shape- which the architect Robert AM Stern another New Yorker. The views are spectacular as you go up the many floors. I love the highspeed elevators which will make your ears pop! 

Amenities to Die For...

The building has 4 acres of luscious grounds and a private driveway that leads up to a gatehouse. There is not just 1 front desk person and 1 valet but a bunch of full-time staff to take care of your every need. The Valet will take your car, while you walk into a 25-foot high ceiling lobby. That is one of two lobbies with marble tile inlays and wood paneling. The building has many more amenities than usual, with a 75 foot long heated pool with private cabanas, state of the art fitness center, a huge outdoor park-like area that many owners use to walk their dog (The Century is pet friendly with no weight limit, although the board has total discretion to approve or disapprove of a pet- for a maximum of 2 total).  Some of the less common amenities include an extra storage unit, an onsite restaurant called Hinoki & The Bird, a Dining Room, a Children's playroom, movie theater, and a temperature-controlled wine room for sommeliers 

The Epitome of Luxury

The top 6 floors are all Penthouses with massive SQFT. Normal Units are lettered A,B,C and D. They range in size from 2,400 sqft to 4,600 sqft. The Penhouses and Junior Penthouses take it up to another level with Square footage starting at 5,000 sqft and going over 10K. The price per sqft in this building ranges from $1,000/sqft to $2,000 sqft which makes it some of the priciest residential real estate in the city. The star studded cast of owners are the Century include Matthew Perry, Candy Spelling, Chief chef of Nobu Matsuhisa, Paula Abdul, Elizabeth Berkley, and Rhianna.

Book your showing today! Call James Campbell LA Real Estate Agent @ 310-388-7332