Multigenerational Living in Los Angeles County: Is It the Right Move for Your Family?

by Betty Ortiz

More and more families in Los Angeles County are choosing to live together under one roof. Known as multigenerational living, this lifestyle brings parents, children, and grandparents into the same household.

This isn’t just a passing trend—it’s becoming a thoughtful solution to rising housing costs, caregiving needs, and the desire to strengthen family bonds.

📊 The Growth of Multigenerational Living

Across the U.S., 17% of homes purchased in 2024 were for multigenerational households, the highest share ever recorded.
In Los Angeles County, affordability pressures are pushing families to pool resources. Today, 35% of Millennialsand over 80% of Gen Zers live with family.
California’s senior population is growing fast. By 2040, 1 in 4 Californians will be 65 or older. Families are increasingly choosing to bring parents home rather than rely on costly assisted living.

❤️ Why Families Choose Multigenerational Homes

Stay Connected
Living close allows families to share meals, traditions, and everyday moments. Grandparents often play a big role in childcare, while younger generations provide support in return.

Save Money
Sharing expenses, like utilities, groceries, and even childcare creates breathing room in a market where affordability is a challenge.

Care with Dignity
Parents and grandparents can age gracefully at home with the love and support of family members, while still having their own private space.

Future-Proof Living
Homes with in-law suites, ADUs (Accessory Dwelling Units), or separate entrances are in high demand. These features add both comfort for your family today and resale value for the future.

🏡 What Buyers in Los Angeles County Look For

When families search for multigenerational homes, they often prioritize:

In-law suites with private bathrooms or kitchenettes
Dual kitchens for flexible cooking options
Separate entrances for independence and privacy
Adaptable layouts that change as family needs evolve

With California’s ADU-friendly policies, many homeowners are also adding backyard cottages or converted garages to meet these needs.

💡 Financing Made Easier: The Family Opportunity Mortgage

Buying a multigenerational home can feel overwhelming, especially when you’re trying to qualify on your own. This is where the Family Opportunity Mortgage (FOM) can make a big difference.

Here’s what makes it special:

✅ Buy for Parents or Disabled Adult Children
You can purchase a home for your elderly parents or for adult children with disabilities—even if you won’t live there yourself.

✅ Owner-Occupied Rates
Unlike an investment property loan, this program allows you to finance the home with the same benefits as if it were your own primary residence.

✅ Lower Down Payments
As little as 5% down compared to the higher requirements for second homes or investments.

✅ No Distance Limits
Whether your parents live nearby in Los Angeles County or in another state, the program doesn’t require a certain number of miles between homes.

✅ No Occupancy Requirement for Borrower
The family member you’re buying for doesn’t need to qualify for the loan, as long as you—the borrower—meet the standard credit and income requirements.

This program is available in all 50 states, including right here in Los Angeles County, as long as you work with a lender who offers it and you meet Fannie Mae’s guidelines.

🌟 Is a Multigenerational Home Right for You?

Here are some questions to consider:

Would sharing expenses help your family breathe easier financially?
Could moving in together make caregiving simpler and more loving?
Do you want a home that supports both connection and privacy?

If you answered yes, a multigenerational home and possibly the Family Opportunity Mortgage, may be a great fit for you.

READY TO TAKE THE NEXT STEP?

Book a consultation today to get more details on qualifications, eligibilty and other info!

Schedule a call today!

WHY WORK WITH ME

EXPERTISE
Receive professional guidance in finding and purchasing the perfect home, whether it’s multigenerational living, a first home, or a forever home.

TAILORED SOLUTIONS
Every family’s story is unique, we provide personalized strategies designed to meet your specific needs and goals.

LOCAL KNOWLEDGE
We provide in-depth information specific to Califonia, ensuring you make well-informed decisions.

COMPREHENSIVE SUPPORT
From planning to moving in, we offer continuos support to make your transition smooth and stress-free.

Betty Ortiz, REALTOR® | SRES® & Relocation Specialist

I serve clients in Los Angeles and Ventura County when buying or selling homes, including new construction, first homes, and forever homes, and assist seniors and longtime homeowners with smooth relocations and retirement transitions.

As a certified Senior Real Estate Specialist (SRES®) and Relocation Specialist, I provide personalized guidance and expert insight to ensure every transaction is confident, seamless, and stress-free.