Think we still have one unit left at the small building we just built on Ave 50, right near all the cool stuff in Highland Park. It’s a 3/2 with two parking spaces, laundry, AC, etc. for around $3000. Figueroa there is probably the most interesting retail corridor in the city right now… loads of
At this point in the cycle, when we consider a new deal, we spend a lot of time thinking about leverage. Mainly, we’re looking at how our pro forma unlevered yield (eg the cap rate we’re trying to hit post renovation) compares to the projected interest rate on the refinance we’ll do at that point.
Just started interior demo on a new, large project in an area we absolutely love. Despite the market being hot, because we bought well, this project is going to end up being a really good one. But, before we get to the fun part where we release beautiful new homes for people to enjoy for
Have been thinking about how amazing it is that a person can own land in LA. I know that’s a weird thing to think about, but stay with me. Land is permanent and, increasing density aside, they’re not making more of it. It’s pretty amazing to me that, through actions taken in the course of
Was listening to a podcaster bemoan the failure of the Small Lot Subdivision Ordinance to deliver affordable housing in LA. There’s a lot of noise around this issue, because the homes that have been built under the ordinance have ended up being pretty expensive. Have two, distinct points to make about this issue: It is