LA-based California Landmark Group (CLG) has broken ground on 3838, a seven-story, 86-unit apartment project just steps from downtown Culver City. We caught up with founder Ken Kahan earlier this week to get more details on this project.
The rooftop community garden encourages residents to diminish their carbon footprint by planting veggies and drought-resistant succulents.
Even though apartment rents in Los Angeles have risen 20% over the past five years, some real-estate investors are betting that rents still have more room to grow.
Villa Montana, a 20-unit property in Brentwood, has been picked up by a private investor in an exchange after selling a property in NYC. Marcus & Millichap EVP of investments Ron Harris, who repped seller California Landmark, tells us the seller had a low basis in the property, after buying an existing building and completing a teardown and redevelopment.
California Landmark Group purchased the Westside Family YMCA property on Sawtelle Boulevard in West LA with plans for a mixed-use project.