If you own a multifamily building in Los Angeles and are thinking about selling, you’ve probably wondered what the tax hit will look like. After years of appreciation, it’s not unusual for multifamily owners here to face six-figure capital gains taxes when they sell. One of the few ways to avoid writing a massive check to the IRS is through a 1031 exchange. At its core, a 1031 lets you swap one investment property for another investment property and push your tax bill down t