A running log of Los Angeles real estate — what trades, what's listed, what the numbers actually say. Written by David Safai, operator · developer · GC.
A 14-unit NoHo asset at $4.295M. The premium is priced for one thing — non-RSO. That's either the entire thesis or a trap, depending on who's underwriting.
36 doors in Hollywood at $5.3M, $147K/door, 5.8% CAP. The broker pitches 33% upside. The math works. The timeline is the conversation.
A 20-door Historic South Central trade at a 6.79 CAP. The number most LA buyers still haven't mentally priced in this part of the basin.
