We closed on the first ever Heyday property today. For $55,000 we bought a hillside piece of land in Echo Park, about a mile from downtown Los Angeles. The lot is 40' wide x 140' deep.

Upon visiting our beautiful new investment we found a few people camping on the site. They were gangsters that had been evicted from the house across the street after a shootout. Not feeling so hot about the purchase at the moment.

tags: acquisitions

Today we acquired the land, including preliminary entitlements and building plans. We hope to break ground in mid February while Rock Row is finishing up.

tags: acquisitions

Today we broke ground. We are exporting around 200 yards of dirt. Running two trucks and 1 backhoe. The backhoe is $110 an hour. The trucks rotate every 45 minutes or so and hold about 10 yards of dirt. We get about 10 trips a day in. Excavation will probably take about a week. This part of Echo Park used to be underwater as part of the reservoir back in the 1902s so the topsoil is pretty dark and fertile.

tags: construction, acquisitions