Small Lot Houses/Los Angeles

[Michael W.]

Hello! Looking at a piece of land zoned RD2, 7,900sqft. Can do 3 houses (2,000sqft). By my calculations, this project works, but would like some feedback on pricing and other peoples experience doing these. Heard it's not worth the time due to the entitlement process and backlash from the community. What's your experience? Thanks!

Acquisition Costs: 111 sqft

Hard costs: 270 sqft

Soft Costs: 72 sqft

Financing : 20 sqft

COS: 32 sqft

All in: 506 sqft