With California mostly eliminating Single Family Home zoning across the state it looks like there might be more opportunity for small developers. I can imagine plenty of small bungalows that wouldn't normally be eligible for redevelopment because there is only so much you can squeeze out of rebuilding one home, but being able to put two on the lot changes the economics significantly.
Anyone have any thoughts on development potential for this?
Trending Content - Real Estate Forum
| +59 | Development Fees > Sponsor Equity Contribution | 18 | 20h |
| +57 | What's an Undergrad to Do? | 21 | 2d |
| +43 | Advice to Job Seekers: Don't Sleep on Asset Management | 13 | 1d |
| +24 | Mid Sized REPE firm for first job in RE | 10 | 17m |
| +10 | Full-Time RE Acquisitions Analyst Recruiting - Class of 2028 | 4 | 1d |
| +3 | Tishman Speyer Debt Fund | 0 | 4d |
| +3 | Debt fund jobs | 1 | 4d |
| +3 | Thoughts on CIM Group today? | 11 | 1d |
| +3 | LDG Development wins $36.3M Lawsuit | 1 | 17h |
| +1 | Equity Waterfall - Market Standard | 2 | 2d |
Career Resources
Hi jarstar1, just trying to help:
More suggestions...
Hope that helps.
There’s zero precedents for this so it will be interesting to see moving forward. It does provide a lot of opportunity for the smaller developer to come in and tear things down and rebuild, but in a city like LA, if you do a full tear down the approval and inspection process is much longer so it’s not going to be a giant free for all. If some how they can keep a wall up from the previous house and still make it look good, then there’s some advantages of this I think. I mean, splitting a good lot with two smaller houses in a good neighborhood? Seems kinda legit to me…
Enim soluta ut modi eveniet commodi ea aut. Cupiditate minus enim quo dolorum voluptatem earum qui. Aut dolor aut cum totam distinctio aliquid qui. Incidunt officiis id sint qui.
Assumenda illo veniam aliquam voluptates. Esse odio laboriosam hic qui. Optio et sit consequatur optio voluptatem consequatur.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...