Big lot in a meh neighborhood (Mira Mesa)

[JM Wendler]

What strategy would you use here? Has anyone been successful building new construction in a 70s tract home neighborhood?

Owners split this .6 acre lot in a neighborhood where most are 5,000 sq/ft.

Front lot has a house on it. Fixer. Back lot is vacant with plans for a 2400sq/ft house.

With values declining, and construction costs increasing, seems like the only play is here adding a jr. ADU (500 sq/ft) and a full ADU (1200sq/ft), and keeping the back lot empty. No way you can recoup costs to build.

https://www.redfin.com/CA/San-...