Can LAR1 Zone be subdivided?

[Joyce Kim]

Hi all, 

I recently got a property under contract and currently doing due diligence for the property. 

The lot is about 27k sqft. and there is an old house (about 70 year-old). 

Initially, I was thinking about flipping the property but searching for better development options now since I found a potential partner who could bring in some funds. 

The property is zoned R1 so technically, there would be only one house and two ADU (garage conversion and detached) allowed.

However, since the minimum requirement for a single dwelling residents changed to be 5000 sqft, I can put in at least 5 houses if I can subdivide the lot. 

I haven't met with the planner yet so not sure if anything is possible for sure yet. 

Is there any land-use consultant or developers on this forum who has an answer (or any ideas other than subdivision) to develop the property? 

Should I just demolish the little house and build a big one with ADU? (Is this the best option I got?)

Thanks in advance. 

Best, 

J.K