Land Brokers: Here's a Buyer That Just Paid $5.28M for a Silver Lake Development Site
Samuelian Group, a LIHTC developer, just paid $5.28M for this Silver Lake development site.
At a glance
closed June 25, 2026
initial ask
4.0% below ask
22,651 SF lot
0.52 acres · 3 APNs
Very Low density overlay
not confirmed in record
2025 tax year
vs. $623K improvements
Measure ULA not triggered
Walk 80 · Transit 60
buyer not yet recorded
What matters
- $5.28M closed June 25, 2026. $233/SF for land.
- Who Bought It? Silver Lake Flats LP, an affiliate of the Samuelian Group, purchased the property. Samuelian Group is an affordable housing developer with 500+ units and more than $300 million in active development across California, focused on 100% affordable and mixed-income housing.
- LIHTC housing developers can overpay for market rate Land. Tax credits and government financing allows them to pencil projects that market rate developers can't do.
- Land Brokers – Here's a BuyerHere's a Freebie. If you sell apartment land or affordable housing sites, add Samuelian Group to your buyer database. They currently have 500+ units and $300M+ in active development across California. Website: https://www.samueliangroup.com LinkedIn: https://www.linkedin.com/company/samuelian-group/
What an Operator Found
This is why I track comps. Sometimes the most valuable information isn't the cap rate or GRM, it's discovering who's actually buying. Every comp is another opportunity to gain more info.
Add Samuelian Group to your buyer database. They currently have 500+ units and $300M+ in active development across California.
Website: https://www.samueliangroup.com
LinkedIn: https://www.linkedin.com/company/samuelian-group/
Send OMs to David@AtlasBrief.La
Write to David Safai at David@AtlasBrief.La
Appeared in the June 27, 2026 edition of The Tape.