Contact Stephanie Kelsey today for information about completing a 1031 exchange in Los Angeles, San Bernadino, and Ventura counties. Learn what it takes to do a 1031 exchange in California and how you can cleverly leverage it to defer capital gains tax and build wealth.A 1031 exchange is a tax-deferred exchange that allows you to defer capital gains taxes as long as you are purchasing another "like-kind" property. 1031 Exchange Process. A 1031 exchange is a swap of one investment property for another that allows capital gains taxes to be deferred. To participate in a 1031 exchange, you must first sell your existing property, which is known as the "relinquished property. 1031 Exchange Guide outlines the basics of Section 1031 likekind exchanges so you can figure out if an exchange is right for you. We help Los Angeles investors find 1031 exchange replacement properties in the form of DST and TIC. 1031 DST Offerings in Los Angeles, CA. California's commercial real estate market is one of the most dynamic in the nation.