Tenants in Common — TIC — is one of the most powerful and underused tools in Los Angeles real estate. I've been working with both landlords who want to sell and tenants who want to buy through TIC structures for years, and I've seen firsthand how it creates ownership opportunities that wouldn't otherwise exist in one of the most expensive housing markets in the country.
What is a TIC?
A TIC — Tenants in Common — is a form of co-ownership where two or more people each own a percentage of a property. Unlike a condo, ownership isn't tied to a separately deeded unit recorded in public records. Instead, each owner holds a percentage interest in the whole property, with their rights to a specific unit spelled out in a TIC Agreement.
It's the most accessible path to homeownership for many buyers in LA — and a great strategy for landlords who want to sell vacant units and maximize return.
Why TIC makes sense in Los Angeles
LA has some of the most expensive real estate in the nation and some of the most restrictive condo conversion laws in California. Recent legislation has made condo conversion permits significantly harder to obtain — which makes TIC an increasingly attractive alternative.
A well-structured TIC allows landlords to sell individual units at prices that work for buyers, while buyers gain the benefits of homeownership — equity building, mortgage interest tax deductions, and long-term stability — at a price point that traditional condos and SFRs simply can't match.
How TIC financing works
TICs are financed through fractional TIC loans — individual loans tied only to each owner's share. If one owner defaults, the others are not affected.
Mortgage interest and property taxes are tax deductible, just as they would be with any other home purchase.
What I do
I work on both sides of TIC transactions — helping landlords structure and sell TIC units to their existing tenants or new buyers, and helping buyers navigate the purchase process including TIC agreements, fractional financing, and due diligence.
I've completed TIC transactions across Highland Park, Silver Lake, and Echo Park — neighborhoods where this structure is particularly well suited to the existing housing stock of duplexes, triplexes, and small multi-unit buildings.
Recent TIC transactions
Seller representation
-
TIC Sale5903 Echo StHighland Park, Los Angeles
-
TIC Sale117 S Ave 59Highland Park, Los Angeles
-
TIC Sale119 S Ave 59Highland Park, Los Angeles
-
TIC Sale654 Parkman AveSilver Lake, Los Angeles
-
TIC Sale623 Parkman AveSilver Lake, Los Angeles
-
TIC Sale650 Parkman AveSilver Lake, Los Angeles
-
TIC Sale2920 Pasadena AveLos Angeles
-
TIC Sale4024 Berenice AveLos Angeles
Buyer representation
-
TIC Purchase2922 Pasadena AveLos Angeles
-
TIC Purchase445 N Sierra Bonita AveLos Angeles
-
TIC Purchase259 Isabel StLos Angeles