1 acre lot, El Cajon. Surrounded by new homes by national builder

[Rami W.]

A national builder has just put up new homes on our block. I have gotten offers from developers to purchase our lot which is owned free and clear. I have dreamed of developing the lot, but have no professional know-how in evaluating the financials/costs of new construction, permiting, environmental reports, etc. to come to a conclusion if it would be a profitable/worth my time. Otherwise the lot is an easy sell.

The preliminary research i've done, with proper re-zoning/approval, I could build around 6-8 SFRs. I know El Cajon is very pro-growth right now so that should help a lot.

Being a buy-hold investor, I lean more towards putting up multi-units apartment rentals. But there could be much more value in building detached homes.

Would any fellow BPers, with this experience, be willing to meet to discuss the future of this lot and help put together some numbers?

Thank you!
Rami

[Karen Margrave]

Thanks @Antonio Gonzales he messaged me and I gave him the information to get him started.