The Tape — a running log of Los Angeles multifamily deal commentary. Written by David Safai, operator · developer · GC.
A 1989 14-unit NoHo asset just hit the market at $4.295M, $306,786 a door on a 12.23 GRM current. Not RSO. Non-rent-controlled is the whole story here.
A 1968 Hollywood multifamily is on the market at pricing that implies roughly $187K a unit, 9.3 GRM, $174/SF, below the ULA line — the kind of deal where disciplined leverage could produce a 17% IRR over a decade.
A 20-door Historic South Central trade printing at a 6.79 cap — an operator read on a cap rate most LA buyers still have not mentally priced in this part of the basin.