SoldBroker Activity · Entry № 42

ED1 Trades at $53k Per Planned Door

Filip Nuculete found a buyer for an ED1 site (Weho Adjacent)

PublishedJune 25, 2026
StatusSold, Closed
DatelineHollywood (WeHo Adjacent), Los Angeles
1431 N Vista Street hero photo
FIG. 01, 1431 N Vista Street, Hollywood (WeHo Adjacent). Listing photo via Marcus & Millichap.
Four takeawaysFour things an operator takes away from this land trade.
  1. The deal.$1.6M sale price on a 6,528 SF R3-1 lot in Hollywood, directly bordering West Hollywood. $245/SF of land. 
  2. Buyer: affordable housing developer.  The buyer who closed is planning roughly 30 units, fully affordable, under ED1.
  3. Broker Feedback. We are still seeing some demand in market where you can get 4 bucks a foot.
  4. Development Cost  I estimate the all in development cost at $7.6M–$8.0M, or roughly $250K–$275K per door. If the project includes ground-floor parking, I think it gets around 12 parking spaces, leaving approximately 18 units without parking.
Deal Stats · 1431 N Vista Street
Sale Price
$1,600,000
closed
Lot Size
6,528 SF
0.15 acres, R3-1
Price / Land SF
$245/SF
land square foot
Price / Buildable Unit
$53k on 30 units
Marketed Density
ED1
Buyer's Program
~30 units
fully affordable, Exec. Directive 1
Parking Required
None
waived under AB 2097
Escrow Length
7+ months
3 financing sources cycled
ULA Status
Below Threshold
no ULA transfer tax
Buyer Type
Affordable Dev.
Executive Directive 1 program

Broker Feedback 

"We are still seeing some demand in market where you can get 4 bucks a foot. ED1 demand is very low, since you can’t underwrite to a sale and leasing takes 60-90 to get a tenant in there after approved app" - Filip Niculete 

Send OMs to David@AtlasBrief.La

Written from the field

David Safai, operator, developer, GC.

Atlas Home Builders, Inc. is a Los Angeles owner-operator and general contractor. If you are a broker with a listing you want an honest read on, send the OM and the T-12 to David@AtlasBrief.La.

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