Westone Management Consultants
We make condominium conversion a reality
Meet the Team
Joseph Scarlatti
Joseph Scarlatti has been a leader in the condo conversion industry in California since 1999. His experience along with his team have been proven with a 97% success rate of all projects he and his team undertake. His experience includes project planning, the selection and hiring of all subconsultants required to complete the process, processing the application through the City, satisfaction of all conditions of approval and obtaining a Final Public Subdivision report from the Bureau of Real State (BRE) for project with 4 or more units in the State of California.
Westone Team
Westone’s expert team includes but is not limited to civil engineers and land surveyors, building inspectors, building and landscape architects, legal experts and any additional experts/subcontractors, all as needed.
Commitment To Results
We are the team that will help maximize the return on your investment through the condo conversion process, on time and on budget, with a minimum of conditions of approval. Some property owners will convert their property to condominiums and follow through by rehabbing the units and taking the units to market, while other property owners will convert their property to condominiums and choose to whole sale the property to a rehabber and others may choose to have their property approved for condo conversion but hold the property for the future, having all options available to them.
The Condo Conversion Process
Condo conversion is not a simple process and can take 10-16 months to secure all necessary approvals, satisfy the conditions of approval and have the subdivision map and condo plan recorded thereby completing the entitlement process. Westone
Management Consultants continues to successfully convert their client’s properties to condominiums on time and on budget. In California the conversion process to condominiums is approved by the City in which the property is located, and the mapping process is regulated by the California Subdivision Map Act. Tenant communication is important during the conversion process. The State of California requires that a number of notices be given to the tenants at the beginning and during the conversion process. Westone takes great pride in communicating with tenant and thereby maintaining maximum occupancy rates during the conversion process.
Best Suited For Conversion
Condo conversion can be the best option on most buildings of any age. In particular, newer buildings that don’t require extensive rehab to those buildings that were built in the 60’s and 70’s which are showing their age or where there may have been a substantial amount of unintended deferred maintenance. Those properties that require a significant amount of updating, condo conversion and the sale of the units may be the best way to recover the cost of the upgrades and earn a significant profit. Commercial condominiums are rapidly becoming ever popular in California including office buildings, industrial buildings, strip malls and hotels.
Market Trends
From 2000 to 2007 a number of apartment buildings were approved for a tentative subdivision maps (TSM) for condo conversion however, between 2007 thru 2012 many of the properties changed ownership. Most of the new purchaser were not aware that there was an approved TSM map for condominium purposes approved for the property, therefore those approved TSM have now expired, subsequently, there is a limited number apartment properties available to developers who wish to purchase a property for condo conversion that have an approved and recorded final subdivision map. Since 2015 the trend of apartment complexes being converting into condos is gaining momentum and the high single-family housing prices are driving the condominium conversion boom whose target markets are primarily first and last time buyers. In markets across the country, condo developers are paying a premium to acquire and transform rental properties into condos.
Our Services
Condo Conversion Done Right
When you are ready to move forward, don't be nervous. We're here to help. Whether you're getting ready to buy or sell, in the middle of it, or just looking for some answers, our top-notch skills ensure you get the best experience possible. It’s what we love to do.
Conversion Analysis
Westone will analyze your property to determine whether the property is eligible for condo conversion under the prevailing City jurisdiction and applicable State law. Condo conversion can be applicable to most types of property including 2 or more apartment rental dwelling units, office buildings, industrial building and hotels. The process and controlling jurisdictions, in most states are usually limited to the city and state.
Condo conversion can be the best option on most buildings of any age. In particular, newer buildings that don’t require extensive rehab to those buildings that were built in the 60’s and 70’s which are showing their age or where there may have been a substantial amount of unintended deferred maintenance. Those properties that require a significant amount of updating, condo conversion and the sale of the units may be the best way to recover the cost of the upgrades and earn a significant profit.
Commercial condominiums are rapidly becoming ever popular in California including office buildings, industrial buildings, strip malls and hotels.
Westone Scope of Service
Westone will prepare the application along with the attachments from the subconsultants, file and process the application through the Planning Department, attend and represent the project to the Community Planning Groups, Planning Commission and City Council. Once approved Westone will address the conditions of approval, process the subdivision map through the Engineering Department and cause the final subdivision map, condo plan and C,C&R’s to be recorded.