12461 Louise Ave
12461 Louise is a development site that is set to benefit the city significantly. Acquired at a substantial discount from a well-known Southern California development company, the site had originally been purchased for $2.5 million, with considerable additional investment in entitlements and architecture. The property remained on the market following an internal reorganization and abandonment of plans by the previous owner. After extended negotiations, it was secured for nearly $2 million.
All existing structures had been demolished prior to acquisition, facilitating a smoother development process. Currently, the property is in the entitlement phase, poised to alleviate Los Angeles' housing shortage in the immediate area. A deep understanding of local regulations and adept navigation through city procedures resulted in a recognization and capitalization of value that others overlooked.
