These will be condos. I mean apartments. Actually, condos.

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Condo conversions are “inching up” in Los Angeles — the city issued 38 permits last year, down from 208 in 2007 — but one expert tells the L.A. Times that the only condo conversions he expects to see around California are of properties that developers had originally built as condos but turned into apartments when the housing market imploded. With inventories scarce, some of those projects will become condos after all. Source: latimes.com.