LAFHBUILDS Acquires Land In Los Angeles From Judith Weinbeck For $6.5 Million

The asset involved in this transaction is a high-density multifamily development site located at 726-740 Hartford Avenue in Los Angeles. The sale price was $6,500,000, and the property encompasses approximately 18,731 square feet, resulting in a price per square foot of $347.

Summary of transation details:

• Property Type: Land
• Transaction Amount: $6,500,000
• Buyer: LAFHBUILDS
• Seller: Judith Weinbeck
• Buyer's Representative: Malcolm Rickards - Brown Stevens
• Seller's Representatives: Jeremy Shore & Oron Maher - Maher Commercial Realty
• Sale Date: 07/15/2026
• Market: Los Angeles
• Asset Specifics: 18,731 SF, $347 PPSF

The deal was facilitated over a period beginning in 2019, during which Maher Commercial Realty worked with the seller to assemble the development site by acquiring a third parcel off-market. The buyer plans to develop the site into 100 units of affordable housing for low- and moderate-income residents, with funding from Measure ULA.