I assumed it was along those lines. Its just that and correct me if you think I am wrong, real estate is seriously over valued, especially in SoCal. making the numbers work, especially on a large scale would seem pretty tough at this point. In a year or two your post would make a huge amount of sense. I don’t have any leads for you, except to say that Maisal Presley a developer of condo conversions seems to have alot of units for sale in my area. They seem to concentrate on conversions of older apt buildings. They have two alone on my street (florida) in the 92104 area code.
