A development site with approved plans for 30 units, located in the Faircrest Heights region of Los Angeles.
This project was a Joint Venture with Ketter Group, a real estate development, design, and construction company based in Los Angeles.
During the COVID outbreak, we decided the best course of action was to on-sell the development site to another developer and achieve a profit that way, rather than seeing the project through to completion ourselves. Investors in this project received a 37 percent net return.
This project was managed by Lion Property Group on behalf of 1551 S. Orange Grove, LLC.