News & Press

California Landmark Group Looks East

Ken Kahan founded West Los Angeles-based multifamily development firm California Landmark Group in 1988. Since then, the company has developed more than 3 million square feet of residential and commercial real estate, primarily on the Westside. But now California Landmark Group has found itself venturing into new markets, categorized by a generalized push east with an appetite for further expansion. The company’s latest development is M1, […]

California Landmark Group Wraps Up Work on Res Project in L.A.’s Silver Lake Neighborhood

California Landmark Group (CLG) has finished work on the 100-unit M1byCLG (M1), the largest multifamily development in Los Angeles’ Silver Lake submarket since 2015. M1 represents California Landmark’s entry into one of Los Angeles’s most trendy neighborhoods, known for its eclectic mix of boutique shops and artisan restaurants. Despite its popularity, Silver Lake suffers from […]

City Buys 120-Unit Multifamily Asset

A 120-unit apartment complex in the historic neighborhood of Lafayette Park sold for $43.3 million.  The three-story, 91,000-square-foot building, dubbed LP by CLG and located on a 43,000-square-foot lot at 349 S. La Fayette Place, was purchased by Housing Authority of the City of Los Angeles with the intent of promoting and advancing workforce and affordable housing […]

Housing Authority of the City of Los Angeles Spends $43 Mil for 120-Unit Res Property in the City’s La Fayette Park Neighborhood

In a notable multifamily trade in Los Angeles, a three-story, 120-unit apartment community in the city’s historic La Fayette Park neighborhood sold for $43.44 mil, or $362k/unit. The property, consisting of a 91k sf building on a 43k sf lot, was acquired by the Housing Authority of the City of Los Angeles (HACLA). The seller […]

California Landmark Group Sells L.A. Apartment Building for $43M

California Landmark Group has unloaded a three-story, 120-unit apartment property in South Los Angeles for $43.4 million, or $362,000 per unit. The Housing Authority of the City of Los Angeles (HACLA) acquired the 90,983-square-foot building on a 43,000-square-foot lot at 349 South La Fayette Place. HACLA said it will restrict 90 of the units to families earning at or below […]

LA housing agency pays $43M to buy 120 apartments in South LA

California Landmark Group sells complex for $362K per unit A Los Angeles housing agency has paid $43.4 million to buy a 120-unit apartment complex in South L.A. The Housing Authority of the City of Los Angeles purchased the three-story building at 349 South La Fayette Place, in Rampart Village, the Commercial Observer reported. The seller was California Landmark […]

California is building fewer homes. The state could get even more expensive

Ken Kahan makes a living building homes. A specialty? Luxury apartment complexes in Los Angeles neighborhoods such as Palms and Silver Lake filled with mostly market rate units, but with a handful of income-restricted affordable ones as well. It can be a good business, but lately less so. Read More

M1 by CLG - Building Rendering
Rendering vs. Reailty: 100 apartments at 1201 N. Myra Avenue in Silver Lake

The six-story building was developed by California Landmark Group Just east of the intersection of Sunset Boulevard and Fountain Avenue in Silver Lake, construction is all but complete for a new multifamily residential development from a new development from California Landmark Group (CLG). The M1 Aapartments, located at 1201 N. Myra Avenue, replaced an automobile repair shop […]

LA Multifamily Developers Coming Up Against Big Hurdles, Watching Pipelines Dry Up

Leadership from City View, California Landmark Group and affordable housing developer Wakeland Housing say that after their current roster of under-construction projects is completed, their pipelines, especially in Los Angeles, will “fall off a cliff.” CityView and California Landmark Group, which develop market-rate projects, cited issues such as the new real estate transfer tax, Measure ULA, which went into effect […]

California Landmark Group Sells Hollywood Apartment Building for $47M

California Landmark Group (CLG) is letting go of an 84-unit multifamily community in Hollywood. The West Los Angeles-based company sold the apartment building named LC by CLG for $46.5 million, or about $553,571 per unit, CBRE announced. A private partnership formed by Harrison Yale Hurst and Richard Rosin of Santa Barbara-based H&R Investments acquired the property. Located at 710 North El Centro Avenue, LC by CLG is adjacent […]

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