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Updated over 1 year ago on . Most recent reply
Real estate Developers
I’ve got a question for the real estate developers in Los Angeles! Urgent 🚨
Most Popular Reply
What is your role in this transaction?
The short answer is 'no' there's no average. There are a hundred variables that impact pricing and terms on land sales:
What is the zoning? What are the allowed uses in the zone (this is different than zoning)? Are these 'by right' or discretionary? Do you need any sort of site plan or development permit review? Are there existing entitlements with conditions you need to meet? Environmentally sensitive lands? Archeo/Paleo sensitivity? Offsite improvement requirements? Topography? Water/Sewer availability? Easements (either onsite or offsite appurtenant)?
You can start by identifying the answers to the above questions, which should pointing out other questions that need answering as well.