Interesting assets seen on the LA market. An operator's running dealbook — not a pitch deck, not a listicle.
1923 Craftsman on a 6,400 sf lot with a detached garage that tolerates a JADU conversation. Priced for the kitchen, which is recent. Deferred roofing and galvanized supply lines are the real story.
Two-on-one lot, each unit individually metered. Front unit is 1940s bones with a 2022 bath remodel; rear unit is tenant-occupied month-to-month. Sewer lateral needs inspection before any number makes sense.
Existing 8-unit cleared for ED-1 processing. Developer has done the pre-app legwork; lot is flat and corner-adjacent. The gap between asking and realistic construction costs is real but not irrational at current land pricing.
Six-unit 1960s walk-up, three units RSO-protected. Cap rate math doesn't close at ask with current carry costs. Passed pending a price correction that hasn't materialized.
1948 fourplex, two of four units on month-to-month. Roof was replaced 2019. The electrical panels are split 60A/100A across units — a panel upgrade pass-through is baked into our pro forma. Location is the argument; pricing is not unreasonable.
Hillside lot with a 1955 SFR in rough shape. Priced at land value minus demolition. The slope warrants a soils report before you touch anything. If the retaining wall condition is what it looks like, the real basis is closer to $950K all-in before a shovel.
Well-located but aggressively priced for a property with long-term tenants in both units and a non-conforming rear structure. Passed — the tenant situation alone adds 18–24 months to any repositioning plan.
Large corner site, ED-1 feasibility confirmed by city pre-app. Seller's pricing assumes a pro forma that requires sub-$280/sf hard cost — that number doesn't hold in this market. Watching for a reset.