How many units in a multifamily would be considered as a commercial?

Asked by Katie Fang, New York, NY Sun Aug 5, 2012

What is the difference between commercial and residential property from a tax standpoint in California?

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14
Rich, Other Pro, Las Vegas, NV
Thu Jun 4, 2015
5 or more units.

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0 votes
Mitch Lichte…, Mortgage Broker Or Lender, Santa Ana, CA
Tue May 26, 2015
anything over 4 units is considered commercial
0 votes
Dorene Slavi…, Agent, Torrance, CA
Thu May 21, 2015
More then 4 units is considered the arena of the Commercial Broker
0 votes
Rich, Other Pro, Las Vegas, NV
Thu May 7, 2015
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0 votes
Alex Khalili…, Agent, Woodland Hills, CA
Mon Mar 16, 2015
More than 4 unities home is consider multifamily home.

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0 votes
Sorry, sir, but you are wrong. Even a duplex is considered multifamily. Multifamily simply means more than one dwelling unit. Commercial is five or more dwelling units.
Flag Fri Apr 1, 2016
Susan Oliver, Agent, Los Angeles, CA
Wed May 14, 2014
4 or More Units are considered commercial. There is a big demand these days to get into duplexes and triplexes.
0 votes
Lacy Burke, Agent, Los Angeles, CA
Sat Dec 8, 2012
if there are more than 4 units it is considered commercial property and you will be required to put down a higher down payment. Great Question!

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REMAX
310-666-9752
0 votes
Sona Gallatin, Agent, Santa Clarita, CA
Sat Aug 18, 2012
Any multi family of more than 4 units is considered commercial. Ask your accountant for best tax advise.
Commercial income properties require at least 25% down, depending on the current income, could be required to put down 50% or more if the income is too low and rent controlled.
And know that commercial income properties cannot be owner occ purchases:)

Good luck.
0 votes
Darrell D. D…, Agent, Schertz, TX
Wed Aug 8, 2012
Everyone already answered so I won't repeat but just add. If you. Are looking at a multifamily property as an investment, that is an awesome idea. I dabble in investment properties in Texas and love the notion of multi-family properties from. A consolidation standpoint, maintenance standpoint (only 1 roof rather than 4 on individual single family homes), etc. Check out my Blog on multi-family. Homes:

http://www.trulia.com/blog/dddrealtor/2012/05/investors_corn…
0 votes
Sona Gallatin, Agent, Santa Clarita, CA
Wed Aug 8, 2012
More than 4 is considered commercial and a higher down payment is required. As for your second question it depends if the commercial property is income producing and you should ask an accountant about tax issues. Realtors are licensed to give property advise.
0 votes
Abu Musa, Agent, New York, NY
Wed Aug 8, 2012
More than 4 unities home is consider multifamily home. You may talk to a local tax accountant about the tax question.
0 votes
Richard Czar…, Agent, Los Angeles, CA
Tue Aug 7, 2012
I am not sure if I understand you properly, but up to 4 units is usually considered a residential property. Everything more than 4 units would be a commercial property. I hope that was your question, but a mixed use property such as a store/office on the first floor and an apartment on the second floor would be considered a commercial property.
0 votes
Pamela Bost-…, Agent, Brooklyn, NY
Tue Aug 7, 2012
five units or more is considered commerical.
0 votes
Michael Cheng, Agent, San Jose, CA
Sun Aug 5, 2012
Anything of 5+ units would considered commercial. Anything with 4 or fewer units is residential.
Web Reference:  http://www.archershomes.com
0 votes
What if it is triplex but has 6 rooms in total?
Flag Sun Aug 5, 2012
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