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§ 7.33.4 — Minimum Sales Price

Los Angeles Municipal Code (2026 Rev. 9, current through legislation effective June 30, 2026) · Los Angeles Administrative Code § 7.33.4

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Sec. 7.33.4. Minimum Sales Price.

Unless otherwise approved by the City Council, the minimum sales price of an REO property shall be the full appraised value or no less than the minimum percentage of value as determined by appraisal under the requirements of the local, state or federal funds invested in the REO property. SECTION HISTORY Added by Ord. No. 183,131, Eff. 8-10-14.