Photo by Phoenix House is licensed under CC BY 2.0
City of Los Angeles Municipal Code 12.95.2 requires a condominium conversion fee payment of $1,492 for each unit in a residential or residential to commercial/industrial conversion project. This condominium conversion fee is paid to HCIDLA and is deposited in the Rental Housing Production Account.
The City Planning’s letter for the Vesting Tentative Tract will require the condominium conversion fees under the heading “Department of City Planning-Standard Condominium Conversion Conditions.” Prior to recordation of the final map, the owner is required to make the fee payments to HCIDLA under this section. For information, please contact Marites Cunanan at 213-808-8843 or Marites.Cunanan@LACity.org.