Is it in Los Angeles County? Isn’t there a huge new mansion tax?
https://abc7.com/los-angeles-mansion-tax-measure-ula-affordable-housing-homelessness/13059677/
“Voters approved the citywide tax last November, implementing an additional 4% tax on properties that sell for $5 million or more. If the property sells for $10 million or more, the tax goes up to 5.5%.”
“But the tax applies to every real estate sale within Los Angeles that is not exempt - including not just mansions, but apartment complexes, retail and industrial buildings and other structures, causing some in the real-estate business to warn that developers will look elsewhere to build.”