Jake Profile
Jake

@Jakeladeveloper

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Building 500+ apartment units as developer + GC | Buying apartment communities | Entitling 3,500+ units in LA

Joined August 2022
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@Jakeladeveloper
Jake
7 months
We hired a full time runner whose sole responsibility is to drive to each of our projects and take videos/pictures. We ended up buying them a drone, which they have become increasingly good at using. Below is a quick snapshot of our project in Boyle Heights.
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@Jakeladeveloper
Jake
2 months
Projects with little to no parking are starting to really gain traction in LA. A developer of a project adjacent to downtown had approvals for a 122 unit mixed use site with two floors of subterranean parking approved back in 2018. In July of 2023, the Department of Building and…
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@Jakeladeveloper
Jake
7 months
Here is what we're dealing with in the City of LA: Own a triplex we are now redeveloping. While we are waiting on the city to get us our demo permits, We vacate the structures, fence the property and board up all of the windows with plywood. vagrants break fence and rip the wood…
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@Jakeladeveloper
Jake
4 months
Someone sent me a development deal in LA for $1M. Here is how I looked at it for a market rate development: It's a 7,250 SF lot zoned R3. No TOC but we can utilize the state density bonus program. After setbacks, 1st floor buildable area = ~4,350. R3 allows for a base FAR of…
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We're doing the entitlements for a 39 unit ED1 project in LA, and here is where we are at: 1) Case was submitted about 2 months ago 2) We received a hold letter from the city 3) We addressed every change/correction with the architect 4) We resubmitted to the city 5) They deemed…
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Development is hard right now. Let's analyze a deal that was just approved by city planning last week. Some project background: The site is a sloped parcel made up of approx 22,557 SQFT. It's zoned commercial and located within the Silverlake - Echo Park - Elysian Valley…
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@Jakeladeveloper
Jake
2 months
Here is a new development that was just submitted in LA (in the Venice Beach area) that I am a big fan of. Great location and nice design right off Abbot Kinney. Mixed use with 36 units and 3,416 SQFT of retail in a 36,716 SQFT building and 3 floors of subterranean (60 parking…
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@Jakeladeveloper
Jake
5 months
We took a 42 unit apartment building and made it a 52 unit apartment building. Here is how: 1) removed 16 parking spaces from the garage 2) added 10 ADUs (accessory dwelling units). All 1 bedroom units.
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@Jakeladeveloper
Jake
3 months
Currently, we’re building ~500 units as a GC, 51 units as developer, and entitling 3,000+ units as a consultant in Los Angeles. Here is what we’re seeing in LA: 1) Majority affordable housing. I still see a few market rate projects here and there (commonly a…
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Big fan of the two story ADUs with a rooftop deck. The City of LA just approved one in Venice. A very functional one bedroom unit with the living room/kitchen/powder room/storage room on the ground floor, and the bedroom/2nd bathroom/office on the second floor. Nicely done.
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A 41 unit apartment building was just approved in the Hollywood/Los Feliz area off Franklin. The developer utilized TOC (transit oriented communities) to get: 1) a height increase of 22 feet 2) 30% reduction in sideyard setbacks 3) 25% reduction in open space in exchange…
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Newport Beach is a prime example of what happens when cities prioritize humans and not cars. Everybody is more active, they ride bikes, walk, socialize and interact with those around them. Local businesses are packed with people and neighborhoods feel safe
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@Jakeladeveloper
Jake
2 months
A high profile mixed use project in the Beverly Grove area of LA has just been approved by LA City Planning. Total of 126 units and 11,615 SF of ground floor commercial area over a 3 floor subterranean garage and 153 vehicle parking spaces (replacing a strip mall). The…
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@Jakeladeveloper
Jake
3 months
Somebody sent me a development site over by USC, and here is how I looked at it (using ED1): Lot area = 6,800 SQFT (approximately 137 feet by 50 feet) Purchase price = $1.2M Zoned commercial and located in the South LA specific plan and CPIO. After your setback…
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@Jakeladeveloper
Jake
4 months
Our construction company is building 10+ projects throughout Los Angeles. Here are a few of them: 1) Soto: 41 units 100% affordable housing. 4 stories and no parking 2) Cleveland: 9 units with 6 bedrooms each (coliving) over one floor of subterranean parking 3) Robinson: 25…
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@Jakeladeveloper
Jake
7 months
Started demo today on our 25 unit project in Silverlake. We’re the developer here. Really excited about this one. Will be posting updates frequently.
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@Jakeladeveloper
Jake
5 months
My advice to anybody doing construction or development, buy a drone! Here's a look at our 26 unit site in Silverlake. All 1 bedroom units. Nearly at the top. Trying to get a roof on before the rains!
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@Jakeladeveloper
Jake
3 months
Rents are seriously softening. We felt it with a lot of our new units that recently came online in LA. We had less showing requests, more people bail on appts, more negotiation, more concessions, and more $$ spent on marketing. In LA, current supply makes up a relaitvely small…
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@Jakeladeveloper
Jake
6 months
Underwriting a development deal in LA? Here is what you need to account for in Soft costs: 1) Architect (no explanation necessary) 2) Land use consultant (relevant when getting entitlements, or trying to understand zoning laws, land use policies, and obtaining approvals) 3)…
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Wow. Kevin Tsai (architect) doing great work as usual. Alongside @garyraybenjamin , they just submitted a new project to the City of LA. 70 units mixed use with 2,000 SQFT of restaurant space. The developer is requesting a mix of on and off menu incentives utilizing the…
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Here is a 5 unit condo project we're working on in Pasadena. It's a tight lot as you can see, so logistically more challenging. Each unit will have a subterranean garage.
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@Jakeladeveloper
Jake
4 months
I received an ED1 deal that was nearly RTI (ready to issue permits) in LA last week. Here is how we looked at it: Lot size was 7,041 SQFt. After setbacks was 4,482 SQFt of buildable area. This site will get approved with a ton of incentives & waivers allowed under ED1,…
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@Jakeladeveloper
Jake
5 months
41 units affordable housing in Boyle Heights. Continuing to work on the parapet wall for the roof Finishing up electrical for the 3rd floor. Inspection today Plumbers working on the 4th floor
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@Jakeladeveloper
Jake
4 months
Underwriting a TOC tier 3 property in LA? Here's how to do a feasibility on your own: Take a 12,000 square foot lot as an example. It's zoned R3 and eligible for a tier 3 bonus. You could build 1 unit for every 800 square feet of land. That gives us 15 units by right. Tier 3…
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@Jakeladeveloper
Jake
2 months
I have a friend who owns a site in South LA & they are thinking about developing it. He asked me for some help underwriting the deal as an ED1 project, and here is what we came up with: The site is ~5,200 SQFT (very small) and zoned commercial (C2) with existing commercial…
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A new 3 story mixed use building on Ocean Front Walk in Venice was just submitted to the city. On the ground level will be 469 SF of retail and on top will be a 3 bedroom unit with 4,592 SF of residential. The site will have 6 parking spaces all at ground level. Really great…
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@Jakeladeveloper
Jake
5 months
We invest a substantial amount of money into our estimating team and process. It takes us weeks & costs us a lot of money, but we don't charge for our estimates and clients appreciate the level of detail that goes into them. Hit me with a like and shoot me a DM if you want to see…
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Another new valley project just got its approvals from the City Planning Department. 59 units with 5 extremely low income units and 84 parking spaces in a subterranen and ground floor garage. One parking space per bedroom for this project. The developer is utilizing TOC to…
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Here is a new project that was just filed with LA City planning for 80 units in an 8 story building over a 3 level subterranean garage. It's across the street from the LA Cienega/Jefferson metro station and the recently built Vox residences. Developer is going the density…
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@Jakeladeveloper
Jake
4 months
Check out the latest drone footage from our 26 unit site in Silverlake:
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@Jakeladeveloper
Jake
4 months
New Project Alert 🚨 43 units entitled using TOC. We'll be the GC. The site is located in a fantastic Palms location in Los Angeles. Approximately 58,150 of GBA getting built on a 19,716 SQFT lot. Good mix of 1s, 2s, and 3 bedroom units. 49 parking spaces Really excited…
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@Jakeladeveloper
Jake
4 months
Great News to share: We've leased 35 of the 40 units & got word yesterday that our construction loan converted into permanent financing. 10 years fixed @ 3.55%.
@Jakeladeveloper
Jake
6 months
"Wetherly Hills" Our latest project across from the four seasons in Beverly Hills. 40 units.
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Unfortunately, we had a bit of a setback yesterday. The city showed up and didn't let us pour because the street use permit for materials wasn't processed correctly. Total bummer. We've never seen the city so hawkish for something like this. Our project is off the main road at…
The day has finally come. We're pouring concrete for the podium deck. Lots of creativity, hard work, and team work to pour according to schedule. More videos to come throughout the day
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Here is a fun little project we've been working on in the Marina. It's an addition of a 479 SF ADU on top of a one story garage and with a 443 SF roof deck.
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@Jakeladeveloper
Jake
7 months
Below is a drone video of our project in Koreatown where we are currently excavating while simultaneously dealing with groundwater. In urban projects like ours, dewatering is vital due to high groundwater levels. It prevents hazards and ensures structural integrity. This…
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@Jakeladeveloper
Jake
7 months
Like myself, my father is a Developer. Leading up to 2008, he was building thousands of houses throughout Vegas and the high desert (hesperia, palmdale, victorville, landcaster...etc). He was a very large tract housing developer at the time. Things changed very quickly. He was…
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@Jakeladeveloper
Jake
4 months
Pretty wild views of Silverlake and downtown LA from our 26 unit project on Bellevue.
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@Jakeladeveloper
Jake
3 months
New Project Alert 🚨 - 11 units over 1 floor of subterranean parking in the 90024 zip code - Prime Westside location -30,000+ sqft and mix of 2 and 3 bedroom units - started demolition this week (video below!)
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@Jakeladeveloper
Jake
3 months
Looking to grow our RE Development team! We want to hire highly motivated & hard working people. DM if you or anybody you know is interested!
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A developer in LA just filed an application to the Department of City Planning for a 7-story, 70 unit TOC project at 11338 Burbank Blvd in North Hollywood. The project archiect is Maly Architects. In exchange for providing 7 extremely low income units, the developer is…
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Not much talk about SB1211, but I'm a fan! Introduced this year, it aims to increase the number of detached ADUs allowed on multi-family properties from 2 to up to 8, provided that the number of ADUs does not exceed the number of existing units on the lot. This bill allows…
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@Jakeladeveloper
Jake
2 months
@cpettit815 Offsite somewhere
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A developer just received approval from LA City planning for a 5 story, 56' tall11 unit multifamily building in the Westwood neighborhood off Wilkens and Ohio. Labryinth Design Studio did a great job with the design IMO. In exchange for providing 2 very low income units, the…
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We got our permit approved, and we're onsite with a crew of 24 pouring the concrete for the podium deck. We lost nearly two full weeks because of this ridiculous permit issue.
Unfortunately, we had a bit of a setback yesterday. The city showed up and didn't let us pour because the street use permit for materials wasn't processed correctly. Total bummer. We've never seen the city so hawkish for something like this. Our project is off the main road at…
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The City of LA just approved a new project in South LA: 50 units utilizing TOC and designed by GA Engineering The site will have 28 parking spaces and a total of 5 extremely low income units. The Developer is requesting: 1) Reduced parking 2) Increased density 3) Increased…
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@Jakeladeveloper
Jake
2 months
My pops has a building in Pacoima (Los Angeles) that’s 50 units. His insurance increased 5X to $100,000 with a $75K deductible. He does have zinsco electrical panels, which are really bad. It’s going to cost him $250K to replace them. Madness!!!
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This project in Westwood (Los Angeles) was just approved. The developer utilized TOC to get 18 units (2 affordable) approved. In exchange for providing affordable units, the developer was able to get added density, floor area ratio, reduced parking, additional height, reduced…
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@Jakeladeveloper
Jake
9 months
Why is nobody talking about the prevailing wage provision for AB423 and how developers of projects above 10 units will need to pay prevailing wage? That’s disastrous. Construction costs are already so high…. Stop with the nonsense and let us build!
@Scott_Wiener
Senator Scott Wiener
9 months
BREAKING HOUSING NEWS: Our major housing streamlining bill, SB 423, is heading to the Governor’s desk. The Senate just gave final sign off. SB 423, which build on & improves major state housing law SB 35, has huge potential to speed up housing permitting up & down the state.
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@Jakeladeveloper
Jake
8 months
Quick progress video of our project in Koreatown. 7 stories, 80 units (coliving). Really excited about this one.
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@Jakeladeveloper
Jake
2 months
The market has really shifted since interest rates have increased. Many large scale projects (even after spending millions in design, fees, and preconstruction) have paused or stalled, as developers rethink the decision to build. One in particular is a 243 unit mixed use…
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@Jakeladeveloper
Jake
4 months
Looking to develop an apartment building in Los Angeles? Here is the roadmap for your entitlements: ** This is at a basic level & is missing some critical steps. These projects especially in LA are very nuanced. You should engage with a land use consultant ** 1) Submit SB8…
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@Jakeladeveloper
Jake
4 months
Trying to navigate this rain at our new project in South LA. 57 units of 100% affordable housing. Check out the footage of site activities from yesterday: We're doing a 5 foot R&R (removal and recompaction). This ensures the ground is solid & ready for construction. We dig 5…
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Pouring lightweight concrete on AC platforms on the roof and in bathroom areas at our 26 unit project in Silverlake Roof railings also went up
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@Jakeladeveloper
Jake
3 months
Here's the power of section 8 on ED1 projects in Los Angeles (long read but worth your time): Let's analyze a site somebody sent me to give construction numbers for. It's an incredible A+ location. Approximately 120,000 gross buildable area in an 8 story building. One floor…
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@Jakeladeveloper
Jake
3 months
Something to think about: Don't cheap out on soundproofing your building. Get your units insulated properly, consider a thicker sound mat and concrete underlayment. A finished apartment building where tenants are constantly complaining about footsteps above or loud neighbors is…
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Here is a new valley project that was recently submitted to the City of LA. 5 Story mixed use apartments with 168 units and 99 parking spaces. The developer utilized the state density bonus to get: 1) added density (168 from 116 allowed by right) 2) increase to Floor area…
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Recently had a neighbor appeal one of our market rate projects we’re consulting on. Her basis is that she recently installed solar panels and our building will block the sun. We reached out in good faith to see if we can come to an agreement. Her response? $100K and I will…
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@Jakeladeveloper
Jake
9 months
Rents for class A apartments in LA have SLUMPED. Our latest project on Beverly Hills/LA border has had challenges leasing up units. Less showings, more concessions, prospects negotiating rent big time, and very slow lease up. We’ve had to lower rents and probably will again soon
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@Jakeladeveloper
Jake
4 months
Top floor of our 26 unit project in Silverlake. Rooftop views of the hills will be INSANE! Across the street from one of CIMs latest projects, “the Dillon.” An express target just opened up across the street. That’s always a good indicator the area is improving
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@Jakeladeveloper
Jake
5 months
🚨SHOTCRETE 🚨 We're blasting the walls today with concrete at our 25 unit site.
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@Jakeladeveloper
Jake
2 months
LA continues to make being a property owner VERY difficult
@trdsocal
The Real Deal California
2 months
LA judge strikes down SB9, the California law that allows homeowners to split lots and build duplexes
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@Jakeladeveloper
Jake
2 months
So often, "Developers" or those coming from the value add/flipping world & seeking to develop will not account for soft costs. Big mistake. Your architects & engineers will be involved during construction, I promise. RFIs need to get addressed, and your engineer's time is not…
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@Jakeladeveloper
Jake
3 months
We're doing some estimating for an owner of a site in a prime westside location. He acquired the site 6 or so years ago and things have changed dramatically since then. He asked me what I would do if I were him, and I told him let's look at the numbers first: They paid ~$4M for…
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Progress video of our project in the Palms/Culver City area.
@Jakeladeveloper
Jake
2 months
Crew of 7 onsite at our Palms project. 43 units. Excavating and lagging on the NE perimeter of the site. Lagging involves placing support structures and preventing the soils from collapsing. Concrete sub will begin shortly.
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This is interesting. The City of LA just approved a new project where the owner will be adding a new 3 story building with 6 units to the rear of a property that already has existing (historic) buildings with 12 units. The 19,000 SQFT lot is zoned RD1.5, which allows for 13…
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@Jakeladeveloper
Jake
3 months
Our land use team has 42 active entitlement projects (all ground up apartments). That’s over 2,500 units in the City of Los Angeles alone. 80% of them are 100% affordable housing projects using ED1. We figure our construction company will bid 90% of these projects, and get a…
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@Jakeladeveloper
Jake
4 months
New Project Alert 🚨 We just started another ground up apartment building in Los Angeles. 4 Story, 57 units, 100% affordable in South LA. Just the GC on this one. Drone video below of the progress so far. Working on ABC slot cuts.
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@Jakeladeveloper
Jake
9 months
One of our East Hollywood projects. 30 units with ground floor retail.
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My dad is so difficult when it comes to gifts. He’s very picky & HATES getting them, so yesterday he sent the family the below text: “FYI. For Father’s Day I would like to go to Wallys in SM. For sake of simplicity I would like 2 polos and 2 short sleeve button down shirts from…
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@Jakeladeveloper
Jake
2 months
LA Mayor Bass has introduced the LA4LA initiative, which urges wealthy residents to contribute to a fund to help the city acquire more properties for housing the homeless. Looks like the City of LA is starting to syndicate some deals!
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@Jakeladeveloper
Jake
5 months
Because of ED1 in Los Angeles, market rate projects are taking SIGNIFICANTLY longer to get RTI. What used to take 14-16 months is now taking 16-20 months, if not even longer. A client even paid expedited fees ($20k+) which supposedly would get you a letter of determination within…
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@Jakeladeveloper
Jake
6 months
@JWurzak just use the same variances the other developer used to add more floors to your hotel, enough where your rooftop has unobstructed views again :)
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@Jakeladeveloper
Jake
9 months
Finishing 1st floor framing at our East LA site. 41 units, no parking, affordable, 4 stories. Just the GC here.
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@Jakeladeveloper
Jake
7 months
Sneak Peek Alert. Here's a glimpse of our construction schedule for a groundup apartment building in LA. Want the full schedule? Join my newsletter () and shoot me a DM. I regularly share insights on construction, development, and land use.
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@Jakeladeveloper
Jake
2 months
Our Westwood site has been demolished. Sewer line capped. Soldier piles have been delivered and are getting unloaded from the truck. We will start drilling today.
@Jakeladeveloper
Jake
3 months
New Project Alert 🚨 - 11 units over 1 floor of subterranean parking in the 90024 zip code - Prime Westside location -30,000+ sqft and mix of 2 and 3 bedroom units - started demolition this week (video below!)
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@Jakeladeveloper
Jake
2 months
A crew of 25 today tying rebar today for the upper layer.
@Jakeladeveloper
Jake
2 months
Electrician continuing to run conduits today and tomorrow Inspection scheduled for Thursday Will start top layer of rebar & installation of anchor bolts and depressions on Friday (19th) and finish by the 26th. Deputy & engineer will stop by the 26th and we will call for city…
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@Jakeladeveloper
Jake
7 months
@GeorgeAshdown0 We ended up getting our demo permit and demolishing a couple weeks ago, but this is a good idea
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More multifamily coming to koreatown in LA. A developer just submitted plans to the City Planning department for a 33 unit TOC project at 806 S Manhattan Place. Archeon Group is doing the design. The site will be 7 stories with 29 market rate units and 4 extremely low…
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@Jakeladeveloper
Jake
4 months
Here's what we're dealing with at one of our projects in LA right now: We received our commitment letter from LADWP to service the site. The plans and design were approved. As we start construction, we get an email from LADWP saying the off-site design will be constructed…
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@Jakeladeveloper
Jake
7 months
Starting a new construction project? It's critical you pick the right general contractor. Let's dive into what makes a great contractor: 1) Experience matters: Look for contractors with a proven track record in your specific type of project. Whether it's residential, commercial,…
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A 7 story 246 unit mixed use project was just submitted to the City of LA in Pacoima (11623 N Glenoaks Blvd) The developer is utilizing the state density bonus program to achieve: 1) increased height to 70' in lieu of 28' (there is a Q condition on the site that restricts…
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@Jakeladeveloper
Jake
4 months
We're involved directly and indirectly with thousands of new apartment units throughout Los Angeles. Here are some of the common themes we're seeing: 1) Cheap: So much is working against the developer right now (high interest rates, elevated construction costs, stagnant and…
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@Jakeladeveloper
Jake
4 months
Our entitlements team is taking on another 3 ED1 projects totaling 400+ units in LA. Feels good helping to bring much needed housing to the city.
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@Jakeladeveloper
Jake
5 months
Progress video of our Silverlake project - 26 units. The views of the hills will be insane.
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A new 8 story mixed use building on crenshaw and adjacent to koreatown was just submitted to the City of LA. The project includes 194 units (including 6 live-work units and 23 very low income units), and roughly 3,000 SF of ground floor commercial. The developer is using KFA…
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@Jakeladeveloper
Jake
3 months
Reminder that just because the 1 bedroom section 8 voucher is $2,407, it doesn’t mean you will get the full amount.
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Here is a new project that just got approvals in LA City by utilizing the density bonus program. 15 units with a small commercial space in a 4 story building over 1 level of subterranean parking. The project is pretty straightforward, having only requested an increase to the…
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@Jakeladeveloper
Jake
3 months
Starting a new development? Have a contractor put together a ROM (Rough Order of Magnitude). It's an initial estimate of the cost. It provides a ballpark figure that reflects the likely range of costs for a project before any detailed plans or specs. ROMs are typically used…
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@Jakeladeveloper
Jake
3 months
When talking about costs to build affordable housing today in LA, cheap is possible but not often realistic for the majority. Here is what the reality of building for $250/foot often looks like: 1) quality takes the back seat. Cutting costs means materials and workmanship may…
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@Jakeladeveloper
Jake
5 months
Back in action today on our 26 unit site in Silverlake. Framers continuing with the 3rd floor. Steel sub also onsite installing posts and beams.
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Don’t ever let your architect hire the engineering team. It’s a recipe for disaster. Ask your architect who they would recommend working with, but always hire the engineering team based on experience and qualifications. Architect having too much control = big problems
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@Jakeladeveloper
Jake
5 months
We’re building 10 ground up sites in the 5-80 unit range all throughout Los Angeles currently. To everybody underwriting a development deal (can only speak for LA county), please put AT LEAST $300/foot for your hard costs. Private Affordable housing ( no prevailing wages) or no…
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@Jakeladeveloper
Jake
3 months
One bad subcontractor could derail your entire project. Here is how to pick the right subs: 1) put together a pre - qualification form that goes out to every sub. It should include business details, licensing and certification, insurance info, experience and expertise, current…
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@Jakeladeveloper
Jake
6 months
3rd floor going up on our 26 unit development in Silverlake.
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Quick drone update on our 26 unit building in Silverlake
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@Jakeladeveloper
Jake
7 months
Progress report on our 5 unit condo project (just the GC). We're drilling piles and applying slurry. It's a very narrow lot with a subterranean garage. Process begins with drilling deep holes in the ground (oftentimes 20-30 feet). This is typically done using heavy duty…
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@Jakeladeveloper
Jake
2 months
Excavating, lagging, drilling at our new project in Palms/Culver City. 43 total units with 49 parking spaces
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Demo crew has mobilized and here we go! 26 units in Silverlake
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@Jakeladeveloper
Jake
4 months
BIG milestone on Twitter for me. I just passed 1K followers 🙌
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@Jakeladeveloper
Jake
5 months
🚧I mentioned before that we have a full time runner who drives to as many of our jobsites daily as he can to take drone videos. 🚧 Check out this drone footage showing 25 units rapidly taking shape. In just 60 days: - 3 existing structures demolished - 23 caissons drilled,…
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