Andrew Weiss
@BayWestInvest
Real Estate Investments / Los Angeles / Multi-family / Value-add / GP
There have been sooo many townhome apartments built in Mid City + West Adams over the last 10-15 years. And yet: I'm not sure I've seen a single one provide enclosed yards. It's so easy. Just requires a few strategically placed fences / entry doors. But nobody does it. We have…
Compounding
Two Denver office towers recently sold for $3.2 million, or ~$3 per square feet Yes, that is not a typo They were valued at ~$200M in 2019, per BisNow
*receive a deal that looks interesting with a good going-in GRM + cap rate* *scroll thru OM to the rent roll* *see multiple vacant units at aggressive rents* *open Zillow, find property, owner’s asking rent is 100s of dollars below OM rents* *sigh* *repeat*
Just a reminder: Your house is worth whatever a buyer will pay for it.
Just a reminder: Your house that was worth $462,107.54 at 2.7% rates. Is worth $280,898.82 at 7% rates.
Convincing young socialists to change their ideology is a good first step. But convincing Boomers to upzone THEIR neighborhood is much harder. They don’t actually care about working people. They care about [insert the traffic/noise/crime/change/etc stuff here].
Obama weighs in on Abundance:
I’m well aware of all the reasons I shouldn’t buy every cheap hotel that pops up in my inbox. But I really want to.

Teens these days are very concerned with Measure LC compliance.

Housing doomerism gets serious clicks on this website. The recipe is simple: mix one part bad data with one part made-up anecdotal storytelling, and finish with some version of “this won’t end well” to taste.

Well, there goes that. I’m just not gonna build apartment buildings with affordability requirements. Here’s why: I don’t want to.
Obama weighs in on Abundance:
Insurance co: we're not renewing due to an open Public Health violation Me: oh that passed inspection years ago, LAPH just needs to close it out in their system *I call LAPH, they close it out* Insurance co: sorry our decision was final Me: cool, I like my job, no complaints
Ant hadn’t taken more than 15 3s all season until this game on April 13th 🧐
Ant you gotta get 7 3s to beat me tonight 👀👀👀👀👀👀👀
She added “I’m very punctual, and team oriented. My biggest weakness? Hmm, probably that I care too much about bringing down interest rates.”
Fed governor Miki Bowman signals she could support a July rate cut. “Should inflation pressures remain contained, I would support lowering the policy rate as soon as our next meeting in order to bring it closer to its neutral setting and to sustain a healthy labor market.”…
Drove the Palisades at sunset. Hadn’t seen it yet. Oof. Heartbreaking. Two thoughts: Why haven’t the commercial buildings been demo’d yet? It’s been 5 months! Huntington Park is a shockingly beautiful place to sit & reflect & get bored & scroll thru your phone.


Every week we get a new “in Los Angeles, this is what you get for X dollars” video. I shrug, and then go back to renting superior apartments for less than X.
Pretty wild to show THAT picture while stating that LA is in danger of becoming the next St Louis.
Los Angeles is such an odd city. One of the most important cities in the largest national economy on earth. But it has an awful car addiction, super unaffordable and impossible to build anything here. If it doesn’t course correct, it will be the St. Louis of the next century