Investor · Los Angeles, CA · Member since 2014 · 57 posts · 46 votes
I have a couple underutilized properties in Hollywood and surrounding. I am increasingly interested in redeveloping the lots to maximize the number of units per the zoning. I am ready to have initial discussions/consultations with an architect about what can and cannot be built on my particular lots taking into account elevation changes, zoning, etc.
Does anyone have recommendations for an Architect that does multi-family development and knows how to help the developer maximize square footage/unit count on an investors budget?
Investor · Los Angeles, CA · Member since 2014 · 57 posts · 46 votes
8y
Thanks @Sean. I'm looking to engage with someone to advise approximately what can be built in terms of square footage, unit count, and approx cost per sq ft to develop based on the the land and property characteristics/grading/zoning and if there are any LA density bonuses I would qualify for.
I have my own assumptions, but it's time to engage with a professional that can give me a more solid advisory report.
I'd imagine that will have to be someone local that can come see the property and knows LA zoning well, but let me know if that is something you think you can help with.
Real Estate Agent · Los Angeles, CA · Member since 2017 · 10 posts · 8 votes
8y
@Eyal B. Do you know what the zoning is of your properties? I have an architect/GC contact that has specialized in small-lot subdivisions in the la area.
Both lots are R3. One is over 10K sq ft, one is 7k sq ft. Should be good for 12 and 8 units by right respectively, but I want to know about what I'm missing, what bonuses I could potentially take advantage of, and better idea of cost to build on each lot specifically taking into account the sloping, height above street, required parking type (do we need to go subterranean or can we get creative) etc.
I want accurate information and numbers, or confirmation of my own so I can start building proformas and make decisions.