SoldBroker Activity · Entry № 49

CIM Sells to a National Townhome Builder

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

PublishedJune 27, 2026
StatusSold · Just Closed
DatelineThe Tape · Park Mile, Los Angeles
728 S Hudson Ave hero photo
FIG. 01, 728 S Hudson Ave, Los Angeles, CA 90005. Listing photo via CoStar.
Four takeawaysFour things an operator should know about 728 S Hudson Ave.
  1. The trade.$8.0M for 41,585 SF land at $192/SF of land. CIM Group sold. Woodside Homes (transacting as Richmond American Homes of Maryland Inc) bought. Closed February 9, 2026.
  2. The buyer thesis.Woodside Homes is a national builder planning townhomes. 
  3. Another Buyer to Track Woodside Homes, a national homebuilder, just entered the Los Angeles market. Add them to your land buyer database. 
  4. Woodside Is Backed by One of the World's Largest Homebuilders  Woodside Homes has been owned by Japan's Sekisui House since 2017. Sekisui is one of the largest residential developers in the world, giving Woodside significant financial backing and long-term access to capital.
Deal Stats · 728 S Hudson Ave
Sale Price
$8.0M
closed Feb 9, 2026
Price / SF (Land)
$192/SF
41,585 SF lot
Price / Acre
$8.38M
0.95 acres
Zoning
LARD3
residential density 3
Lot Size
41,585 SF
0.95 acres · 2 APNs
ULA Tax (Est.)
$320,000
seller-side at close
Sale Type
Owner User
builder intent
Assessed Total
$22.75M
prior assessed value
Seller
CIM Group
via Hudson Wilshire Blvd La Owner LLC
Buyer
Woodside Homes
via Richmond American Homes of Maryland Inc

What an Operator Sees

After delivering 45,000+ homes across the West, Woodside Homes is now investing in urban Los Angeles. This deal shows national homebuilders are looking beyond the suburbs for well-located infill opportunities.

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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