Potential Land Purchase -- Questions about the basics

[Account Closed]

I've done a couple of flips, but I don't know much at all about buying land and building on it from scratch.

Just came across a potential opportunity to purchase about an 10,000 sq ft of land in LA County. The idea would be to build a home on it to sell. However, this seems like it could be terribly costly and not profitable. I am unsure of what goes into brand new construction, such as creating a brand new residential address, hooking up power lines, water, waste, ect -

In the area where the land is, a 1600-2000 Sq ft house will sell between $660-710K -- 2000-2500 sq ft between $700k-750k -- 2500-3500 sq ft and up will sell for 750K-950K. The freshly remodeled homes are on the higher end of those numbers of course.

And - As far as construction loans, what do these look like in the sense of structure?

Thanks for your advice!