East View Apartments, Downtown Los Angeles
This new luxury apartment development required tying up 4 lots for Lion Real Estate Group. Piquing their interest in an 11 unit building with a vacant lot, RLG had the insight to realize this property’s potential, going far beyond a small apartment building, with Lion RE ultimately realizing 127 units.
With unobstructed views and arguably the best downtown LA skyline view, RLG secured 3 additional lots for Lion Real Estate, capitalizing on these views.
Not an easy task, taking over 6 months to come to terms with the additional property owners. Utilizing creative techniques to locate and start the conversation, our dealmaking skills locked up nearly an acre of prime land.
Perched upon a plateau overlooking downtown, this luxury apartment building has proven to be a valuable asset to their portfolio, and RLG proudly consulted them on their first development.
The Mews In Atwater Village
Being the first to build under the Los Angeles small lot ordinance, RLG set out to develop a community of modern homes that could integrate into one of LA’s oldest neighborhoods.
Local architects Corsini+Stark were brought on board to design homes that would capitalize on the Southern California indoor/outdoor lifestyle while maximizing the hillside views looking into Griffith Park.
Starting out, this was unknown territory for both RLG and the City of Los Angeles, but ultimately the city planning department used this development as their case study for small lot homes.
These 23 unique freestanding row houses have withstood the test of time, and 10 years later The Mews in Atwater Village is still one of the most desirable communities in East LA.
Poster Neutra, North Hollywood
Winner of the LA’s Conservancy Preservation Award in 2007, this 8 unit apartment building designed by famed architect Richard Neutra was a run-down 8 unit building that required a lot of love.
Luckily, preservationist Mike Resnick purchased the building along with 3 adjacent lots and immaculately restored the apartment to its glory days, using as much original material as possible.
RLG was hired to sell this apartment building along with 3 adjacent lots as part of a development deal. Needless to say, we had to find two very different types of buyers to partner on this deal. The apartment was a known trophy property while the lots each had a home on them that were tear-downs in order to maximize the investment.
Working closely with the brokerage community, we were able to create a partnership between two buyers who could close on the deal then later break apart, each owning the parcels they originally wanted.
