Bought for $86.8M. Sold for $70.5M
Six years later, this 169-unit Miracle Mile apartment building sold for 19% less.

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.
Six years later, this 169-unit Miracle Mile apartment building sold for 19% less.

Pacific Palisades is moving from disaster recovery to a massive rebuilding cycle.

Anduril’s $1 billion expansion and 5,500 jobs show how Southern California could become the factory floor of the AI economy.

77.6% vacant at $22.48M at auction.

Why I Like this Office Building and Location

This is what 145K/Door Looks Like.

This may be the clearest example yet of LA’s two completely different office markets. A Bahrain-based institutional buyer just paid $51.5M for an office building on Rodeo Drive.

The S&P 500 ended 2009 below where it began in 2000 after the dot-com crash and the 2008 financial crisisI. Investors still made very little over the full decade. Now it may be the same cycle pattern for Real Estate

The luxury grocer paid $1,528 per square foot. Nearly twice the Santa Monica retail average to own the building it was already renting.

Maintenance is too low. Turnover costs more. Leasing takes longer. The upside may not be real. Here’s what I look at before I believe the numbers.


From August 2019 to July 2026, Domain WeHo’s sale price declined $21.9 million, or 21.2%. CIM and Hulic bought the 166-unit property using $46.5 million in financing.

"$389K/door for a 2019 West LA building on Wilshire and close to Bundy. Who is the Buyer?

I wanted to understand what Warren Buffett and Sam Zell meant when they talked about “moats.” The more I studied it, the more I began to think Los Angeles may have one of the biggest real estate moats in America.

Save this guide. Give it to your AI with a building’s address, year, unit count and rent roll. Then test which rent law applies, how fast rents can reach market and what happens to the value if California changes the rules.

I wanted to understand how one of the Greatest Real Estate Investors of all time actually made Investing Decisions and apply his thinking models to decide if this is a time to buy, sell or hold.

SATCO sold four industrial buildings totaling nearly 79,400 square feet to the local developer already reshaping El Segundo’s Smoky Hollow district.

We hear “you can’t lose at this basis” all the time. This fully leased building was renovated, carried for eight years and still sold for $8 million less than its prior purchase price.

A 2015-built - 50-unit in Old Town Pasadena clears at $440K/door and $364/SF. - This was a great Acquisition for the Buyer.

Industrial $1.97B, Multifamily $734M, Retail at $579M and more.

The Regents acquired 16 Westwood Village properties for $49.8 million from Anderson Holdings. The family real estate company behind John E. Anderson, whose name is on UCLA’s business school. The portfolio traded at approximately $274 per building square foot, but the buyer’s plans have not been announced.

A Beverly Hills retail center sold for $20.1M, $34.1M just five months later, and then $25.75M less than three years after that. I can't figure out what happened.

Woodside Homes acquired the site for $8M and plans to develop a townhome project originally entitled by CIM Group.

After publishing, the buyer shared that the purchase price was allocated as follows: Retail: $25,000,000. Multifamily: $81,000,000 (approximately $700,000 per unit)

Pacific Urban bought a 2017 built, for an estimated $323,000 per apartment at an 11.4 GRM—with a Target, amenities and parking. Why would anyone pay $200,000–$300,000 per door for a restricted ED1 project?

30,000 units got entitled. Fewer than 5,000 broke ground. Now they're all looking for a buyer

52 units averaging 1,380 SF at $538K/door

A Planned 190-205 unit LIHTC Development with a targeted 2028 groundbreaking date

$140,278 per door. $161/SF. - This Is Why I Track Every Apartment Sale in Los Angeles.

From Land Purchase to CoO: More Than 6 Years

"Markets usually offer their best opportunities when pessimism is greatest." — Howard Marks Has Hollywood finally reached that point?

Been waiting for this trade to close. We finally have another real Palms comp: $291K/door, 5.61% cap, and 10.88 GRM.

The Palisades Ocean View land closes at $2.1M, and the buyer can build a 4,584 SF Home.

Dominick Faraone Confirms 9.57 GRM on Current Rents

Yes, it was a church. Yes, it was an owner-user. It's still $89/SF for the land.

I toured one building in Beverly Hills expecting to analyze a sale. I left thinking this might be where I want to own apartments next.

The nonprofit continues expanding its Hollywood real estate holdings with another apartment acquisition.

A better way to value ED1 land: price per planned unit, not price per unlimited doors built.

Every burned lot that sells tells us a little more about where the Palisades rebuild is headed.

Kitty Wallace and her team sell Another Hollywood apartment - 100 units, $167,500 per door, $177/SF, and an estimated 7.73 GRM.

Why I'm keeping this Comp - A 7,202/SF lot at just $138/SF. The speed of the buyer response tells me something interesting.

The Regents of the University of California acquired this 48-bedroom Co-Living after its value fell $6.75 million below the construction loan.

A Non RSO with large floor plans- but the AB 1482 clock is ticking.

With California returns shrinking, Gelt is buying newly built Utah housing after rents fell and vacancy climbed above 10%. Is Wasserman early or does he see what California investors are missing?

Tony Azzi closed one of Los Angeles’ most anticipated apartment sales that gave us a real comp for the value of a premier location.

From a $682 million assessment to a $150 million sale, Brookfield's 54-story Downtown LA tower shows just how far office values have fallen.

The City paid $16.7 million for one of the first completed ED1 projects in West Los Angeles. It may go down as the greatest ED1 trade of all time.

An 18-unit Hollywood property closed at an 8.8 GRM and broker stated 7.34% cap, giving me another data point for older multifamily product in Hollywood.

The buyer paid just $345 per square foot and $357,000 per unit with Comps trading closer to $450–$500 per square foot.

This 2007-built apartment in one of Los Angeles' best rental markets trades below replacement cost



America is rebuilding its manufacturing base, Los Angeles isn't making more industrial land, and owner-users continue to pay a premium for it. This North Hollywood warehouse sale shows why I believe industrial remains one of the best long-term investments in Southern California.

Everyone wants newer apartment buildings in Los Angeles. This sale explains why I like it.

Could thousands of owners be paying property taxes based on values that no longer exist?

Existing apartments at $196/SF. A 6.11% cap on Day One. A path to much stronger cash flow over time. Convince me why building ED1 is a good investment.

After reviewing more than 250 active listings, pending transactions, and recent land sales, clear pricing trends are beginning to emerge. Here's what every builder, investor, property owner, broker, and lender should know.

A renovated Marquez Knolls home sold for $6.5 million ($1,857/SF), giving owners, builders, and buyers another comp for what Pacific Palisades homes are worth today.

This 54-unit Lennox apartment community traded for $6.08 million, or $112,500 per unit, at an 8.99 GRM—another useful comp for investors tracking.

The lot just sold for $1.44 million. I estimate what it could cost to go from vacant land to a completed home and what every owner should know before rebuilding.

The 15,064-square-foot lot traded for $4.226M - $277/SF, reinforcing strong demand for ocean views.

Capital Group buys its own Downtown LA office tower out of a court-appointed sale for $210M, $147.71/SF

When Nobody Will Buy Office, Call the Government

Rick Raymundo sold this 33-unit Valley Village apartment building at a 10.82 GRM.

Terawatt Infrastructure paid $10.025M for Hollywood land.

Samuelian Group, a LIHTC developer, just paid $5.28M for this Silver Lake development site.

South Central closes at $112,500/door and a 6.79% current CAP.
