Adorable Spanish-style TIC in Echo Park
Mallory, a TV/film producer, and her wife, Lauren, lived in a tiny apartment. Needing more space, they set out to buy a home. But after getting outbid on multiple properties, they decided to put their home search on pause. They considered renting but quickly discovered it made no sense as rents were high for a comparable space. “Then, serendipitously, we saw the listing. Saw the price. And thought this might be just what we need.” As their home hits the market, Mallory and Lauren share the perks of being Tenancy in Common (TIC) homeowners and living in a neighborhood they love. When Mallory and Lauren purchased their home in 2019, Tenancy in Common, or TIC, homeownership was still relatively new to the Los Angeles real market. However, it proved to be a first-time homebuyer’s solution to finding an affordable home in Los Angeles. Lauren: “We had a lot of questions about the TIC factor. That felt like a bigger risk at the time because we didn’t have friends who had done it