4541-45 Santa Monica Blvd

The Tuvia Group closed 4537–4545 Santa Monica Boulevard, a 9,986-square-foot East Hollywood redevelopment site, representing both sides of the transaction and sourcing affordable housing developer Visionary Development as the buyer. The property was delivered with nearly RTI plans for a 27-unit mixed-use project, but the buyer elected to pursue a substantially denser 75-unit, 100% affordable ED1 development. The site ultimately closed all cash at $190.27 per square foot of land, completing the sale of an unentitled redevelopment opportunity with significantly greater density potential.