- This topic has 40 replies, 4 voices, and was last updated 16 years, 11 months ago by
OceanBeachLooking.
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March 13, 2008 at 6:31 PM #169469March 13, 2008 at 7:36 PM #169061
OceanBeachLooking
ParticipantIs there any way to un-condominiumize?
March 13, 2008 at 7:36 PM #169498OceanBeachLooking
ParticipantIs there any way to un-condominiumize?
March 13, 2008 at 7:36 PM #169393OceanBeachLooking
ParticipantIs there any way to un-condominiumize?
March 13, 2008 at 7:36 PM #169396OceanBeachLooking
ParticipantIs there any way to un-condominiumize?
March 13, 2008 at 7:36 PM #169420OceanBeachLooking
ParticipantIs there any way to un-condominiumize?
March 13, 2008 at 9:55 PM #169119jpinpb
ParticipantGood question. I don’t know if there’s a way. Buying both places is a way to go around it, I guess. One way.
March 13, 2008 at 9:55 PM #169475jpinpb
ParticipantGood question. I don’t know if there’s a way. Buying both places is a way to go around it, I guess. One way.
March 13, 2008 at 9:55 PM #169552jpinpb
ParticipantGood question. I don’t know if there’s a way. Buying both places is a way to go around it, I guess. One way.
March 13, 2008 at 9:55 PM #169449jpinpb
ParticipantGood question. I don’t know if there’s a way. Buying both places is a way to go around it, I guess. One way.
March 13, 2008 at 9:55 PM #169452jpinpb
ParticipantGood question. I don’t know if there’s a way. Buying both places is a way to go around it, I guess. One way.
March 13, 2008 at 10:44 PM #169587NotCranky
ParticipantIs there any way to un-condominiumize?
Good question indeed. This is going to be tough. In many cases these properties used to be fee simple ownership of two or more houses on one parcel(apn) that were “condominiumized” so that the units could be sold separately in the height of the bubble. So returning to that status might be possible but the city would probably want the units to meet current standards for density, setbacks etc or go through a variance process, all likely a real hard deal or impossible. I don’t really see anything but economic loss and emotional suffering in doing such a thing.I believe 2 Condominiums is a”higher and better use” than a 2 on 1.
Getting the property from a condo to separate sell-able fee simple properties is going to be even harder, although it might create more equity. The city always gets money for this stuff and these projects drive the economy a little through employment for third parties such as surveyors and engineers,so with building/development down hard maybe there are less roadblocks than there normally are to getting things done. I doubt it though.March 13, 2008 at 10:44 PM #169151NotCranky
ParticipantIs there any way to un-condominiumize?
Good question indeed. This is going to be tough. In many cases these properties used to be fee simple ownership of two or more houses on one parcel(apn) that were “condominiumized” so that the units could be sold separately in the height of the bubble. So returning to that status might be possible but the city would probably want the units to meet current standards for density, setbacks etc or go through a variance process, all likely a real hard deal or impossible. I don’t really see anything but economic loss and emotional suffering in doing such a thing.I believe 2 Condominiums is a”higher and better use” than a 2 on 1.
Getting the property from a condo to separate sell-able fee simple properties is going to be even harder, although it might create more equity. The city always gets money for this stuff and these projects drive the economy a little through employment for third parties such as surveyors and engineers,so with building/development down hard maybe there are less roadblocks than there normally are to getting things done. I doubt it though.March 13, 2008 at 10:44 PM #169510NotCranky
ParticipantIs there any way to un-condominiumize?
Good question indeed. This is going to be tough. In many cases these properties used to be fee simple ownership of two or more houses on one parcel(apn) that were “condominiumized” so that the units could be sold separately in the height of the bubble. So returning to that status might be possible but the city would probably want the units to meet current standards for density, setbacks etc or go through a variance process, all likely a real hard deal or impossible. I don’t really see anything but economic loss and emotional suffering in doing such a thing.I believe 2 Condominiums is a”higher and better use” than a 2 on 1.
Getting the property from a condo to separate sell-able fee simple properties is going to be even harder, although it might create more equity. The city always gets money for this stuff and these projects drive the economy a little through employment for third parties such as surveyors and engineers,so with building/development down hard maybe there are less roadblocks than there normally are to getting things done. I doubt it though.March 13, 2008 at 10:44 PM #169487NotCranky
ParticipantIs there any way to un-condominiumize?
Good question indeed. This is going to be tough. In many cases these properties used to be fee simple ownership of two or more houses on one parcel(apn) that were “condominiumized” so that the units could be sold separately in the height of the bubble. So returning to that status might be possible but the city would probably want the units to meet current standards for density, setbacks etc or go through a variance process, all likely a real hard deal or impossible. I don’t really see anything but economic loss and emotional suffering in doing such a thing.I believe 2 Condominiums is a”higher and better use” than a 2 on 1.
Getting the property from a condo to separate sell-able fee simple properties is going to be even harder, although it might create more equity. The city always gets money for this stuff and these projects drive the economy a little through employment for third parties such as surveyors and engineers,so with building/development down hard maybe there are less roadblocks than there normally are to getting things done. I doubt it though. -
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