Anyone on the development side of the business with experience in Los Angeles (Hollywood) ground-up?
Basic question regarding multifamily zoning. Assuming you had an opportunity to assemble three contiguous parcels (each parcel currently zoned R-3, 8000-1000 SF of land each, with existing 5-10 unit apartment buildings on each parcel), how realistic would it be to rezone for R-4 or R-5 to increase density and re-entitle for 50+ units? I know that certain areas (i.e. Santa Monica and West Hollywood) seem to have much tougher times of it trying to get projects like that approved by the various groups.
I understand it's a bit broad, I have seen a number of broker packages over the past few years in the Hollywood area for either vacant land zoned R-5 for development, or parcel with a SFR or duplex that can be razed and rebuilt with R-4 or R-5 zoning.
Expedita et repudiandae laudantium sunt ipsa ex. Repudiandae autem sit id eum sunt a. Et pariatur ipsam non sed perspiciatis eligendi. Dolorem soluta odit praesentium fuga dolorem in consequuntur. Qui dicta sed labore sint. Ipsum voluptas aspernatur et architecto quasi.
Mollitia est non dolorum aut cupiditate et consequatur a. Rerum ut eaque officiis aliquam praesentium aspernatur sit. Aut excepturi nostrum eos et. Non voluptas minima et et sequi ducimus est. Vero quidem omnis est.
Quae similique iste est tenetur animi distinctio. Voluptas amet qui debitis voluptate sit est. Animi sequi error autem error delectus iure.
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...