HACLA buys one of ED1’s first completed properties in Sawtelle for $17M
The City of Los Angeles has acquired one of the first affordable housing projects completed under its Executive Directive 1. The Housing Authority of the City of Los Angeles purchased Sands Off Sawtelle, a 44-unit apartment building at 11418 Missouri Avenue in Sawtelle, for $16.7 million, L.A. Business First reported. Developers Generation Real Estate Partners and Eris Development sold the four-story property in a deal working out to $378,400 per unit. The Sands Off Sawtelle development was completed in 2025 and was one of the first projects to begin construction under ED1, implemented in late 2022. HACLA purchased the property […]This article originally appeared on The Real Deal. Click here to read the full story.
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