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Lindon Shiao Of Terra Capital Acquires Development Site In Los Angeles From Lincoln Williamson For $1.75M

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SOLD
$1,750,000

California

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Development Site3,660 SF
Sold 11/21/2025
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Property Image
SOLD

Lindon Shiao Of Terra Capital Acquires Development Site In Los Angeles From Lincoln Williamson For $1.75M

1233 South Bedford Street

See Similar Deals
Development Site3,660 SF
Sold 11/21/2025
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$478
Total Square Footage:3,660 SF
Transaction Type:Sale

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.

Players

Neema Ahadian
Marcus & Millichap
Neema Ahadian
79 deals$733M volume(310) 691-9929
BROKER
Marcus & Millichap
Marcus & Millichap
BROKERAGE

Details

SOLD
IMAGE: Neema Ahadian DATE: 11/21/2025 ADDRESS: 1233 South Bedford Street MARKET: Los Angeles ASSET TYPE: Development Site BUYER: Lindon Shiao - Terra Capital SELLER: Lincoln Williamson - Hestia Housing BROKER: Neema Ahadian (@TheNeemaGroup) - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $1,750,000 LAND SF: 6,840 ~ PP LANDSF: $256 NOTE FROM BROKER: The Neema Group of Marcus & Millichap is pleased to announce the successful closing of 1233 S Bedford St, a rare vacant fourplex located in the highly coveted Pico-Robertson neighborhood. Our client originally acquired the asset in 2024 with plans to develop an affordable housing project, supported by the site’s [Q]R3-1-O zoning. They elected to sell the property in its current as-is condition and awarded our team the opportunity to represent them. To maximize buyer interest, our team strategically marketed the property to two distinct pools: • Developers, emphasizing the site’s zoning, density incentives, and the preliminary concepts for a 36-unit affordable housing project. • Value-add and owner-user investors, highlighting the ability to immediately renovate and lease the four vacant units, consisting of two one-bedrooms and two two-bedrooms.

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