Operator Take
I like this deal.
Josh and Matt Altman have built one of the biggest luxury residential brokerage businesses in Los Angeles. The Altman Brothers have more than $9 billion in career sales, and their team did $1.3 billion in 2025 alone. When brokers operating at that level bring a property to market, I pay attention to where it ultimately trades.
436 Loring is a good example.
The buyer paid $7.35 million, about $1,229/SF for nearly 6,000 SF of house on a 16,804 SF lot in Little Holmby.
I look at the land first. At roughly $300–$400 per land SF, my back-of-the-envelope value on the dirt is already $5 million to $6.7 million. Then you have nearly 6,000 SF of house, a pool, landscaping and substantial improvements already sitting there. Recreating those improvements today could easily represent another $3 million+ of cost.
That's why I think the buyer got a DEAL!
The property started at nearly $9 million and ultimately found the market at $7.35 million. To me, the important number isn't where it started. It's what it would cost to buy this dirt and recreate this property today.
And this is exactly where experienced brokers earn their money. After a long marketing period and significant price discovery, the Altman Brothers got the transaction closed.
Good dirt. Expensive improvements already in place. A difficult-to-reproduce basis. And a top Los Angeles brokerage team getting the deal across the finish line. That's a transaction worth paying attention to.
Property and listing data: Redfin / TheMLS. Confirm CoStar fields if locked before publish.