NEW TIC COMMUNITY| 2928-2932 1/2 Elm St | $365,000-$550,000

NEW TIC COMMUNITY| 2928-2932 1/2 Elm St | $365,000-$550,000

Cypress Park Retreat


In the foothills bordering Mt. Washington and Cypress Park, under a canopy of mature Chinese elm trees, behind a wood fence and freshly planted privacy hedge you’ll discover a cluster of three duplexes, 6 units, each with private outdoor areas. One duplex is a 1924 vintage Craftsman replete with all the details, and two 1953 Mid-Century duplexes, all comfortable, bright and airy and lovingly restored. Each unit shares only one wall. Each unit comes with one parking space, mini-split AC + in-unit laundry. Centrally located in NELA surrounded by Mt. Washington, Frogtown, Eagle Rock and Highland Park.

2828-2930 1/2 ELM ST. HOA, SILVER LAKE 
A 6-UNIT TIC COMMUNITY | AVAILABLE SUMMER 2020


2928 Elm St.

  • 2928Elm.com
  • $385,000 list price
  • 1 bed 1 bath
  • 375 square feet
  • HOA DUES $238.44


2928 1/2 Elm St.

  • 2928HalfElm.com
  • $365,000 list price
  • 1 bed 1 bath
  • 375 square feet
  • HOA DUES $238.44


2930 Elm St.

  • 2930Elm.com
  • $395,000 list price
  • 1 bed 1 bath
  • 554 square feet
  • HOA DUES $287.47


2930 1/2 Elm St.

  • 2930HalfElm.com
  • $445,000 list price
  • 1 bed 1 bath
  • 554 square feet
  • HOA DUES $287.47


2932 Elm St.

  • 2932Elm.com
  • $550,000 list price
  • 2 bed 1 bath
  • 933 square feet
  • HOA DUES $390.95


2932 1/2 Elm St.

  • 2932HalfElm.com
  • $425,000 list price
  • 1 bed 1 bath
  • 590 square feet
  • HOA DUES $$297.17/month


2928-2932 1/2 Elm St. FAQ, a Tenants in Common (TIC) Community:

  • HOA covers insurance, water, gardening, finance management, maintenance and reserves
  • Owner pays for their unit gas, electric
  • Reserves cover maintenance for all common area exterior components (painting, roof, etc.), and decks
  • Insurance covers the entire property, including walls-in (buyer does not need to get additional HO-6 policy)
  • Pets are allowed
  • Rental restrictions apply, please inquire
  • No permission needed to sell your unit
  • With TIC you have similar usage and renovation rights as a condo owner 
  • All units are being offered for sale for the first time
  • We do not need to close multiple units concurrently 
  • We can close one unit at a time
  • Contact listing agent if you have further questions!

TIC sale with financing available – with as little as 10% down thru Sterling Bank, Henry Jeanes, hjeanes@sterlingbank.com.



ABOUT THE RENTAL GIRL & HOW WE GOT INVOLVED WITH TENANTS IN COMMON (TIC):

  • Read more about TIC ownership HERE
  • Download a copy of our TIC Field GuideHERE
  • View all our current TIC offerings HERE
  • The Rental Girl + TIC + Our Story HERE
  • Visit Andy Sirkin’s website for more research on TIC sales HERE
    (Andy is the TIC attorney who pioneered TIC sales in the early 80’s in San Francisco. His website has a wealth of info on TIC ownership).
  • View TRG + TIC in the News, for Press & Media go HERE
  • If you are a buyer or investor interested in purchasing or developing a TIC, contact an experienced TIC Realtor® on our team.

Liz McDonald Broker and Founder of The Rental Girl

Elizabeth McDonald, Broker & TIC Co-Lead
liz@therentalgirl.com
The Rental Girl
323-313-5780 / Cell
BRE Lic #: 01449897 


The Rental Girl (therentalgirl.com) is a full service Real Estate brokerage specializing in residential leasing and sales. We have been serving renters and landlords since 2004. We work with thousands of Los Angeles renters each year, and many of these renters are qualified to buy, but can’t afford or find a home in a neighborhood they want to live. In 2016, a client of ours introduced us to TIC ownership and we saw immediately how many renters and entry level buyers in LA could benefit from a TIC market here. We met with Sterling Bank, who was working actively to pioneer a TIC market in LA, and other San Francisco vendors. And so began our research on TICs. Since then, we have helped bring many TIC units to the market, and we have many new TIC communities coming soon. With every new TIC building that hits the market, more renters, landlords and realtors are discovering TIC sales and the TIC movement is growing rapidly. We love to share our accumulated knowledge, and support our real estate colleagues, landlords and renters and the TIC community.


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