Updated Oct 20, 2026
SOLDDevelopment Site
Lindon Shiao Of Terra Capital Acquires Development Site In Los Angeles From Lincoln Williamson For $1.75M
1233 South Bedford Street
$1,750,000
$478/SF
Building Size
3,660 SF
Asset Type
Development Site
Closing
Nov 21, 2025
About this deal
AI
A development site located at 1233 South Bedford Street in the Los Angeles market was sold for $1,750,000. The asset encompasses a total land area of 6,840 square feet, translating to a price per land square foot of $256.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,750,000
- Buyer: Lindon Shiao - Terra Capital
- Seller: Lincoln Williamson - Hestia Housing
- BROKER: Neema Ahadian - Marcus & Millichap
- Land Square Footage: 6,840
- Price per Land Square Foot: $256
The Neema Group of Marcus & Millichap facilitated the transaction, representing the seller who initially acquired the property in 2024 with plans for an affordable housing project. The group marketed the site to developers and value-add investors, highlighting its zoning and potential for renovation.
On the Map
$1,750,000
$478/SF
Development Site
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Los Angeles Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93