In less than 70 days, a California law takes effect that allows nine-story apartment buildings near rail stations and five-story buildings within a half-mile of rapid bus stops across Los Angeles. For land owners and multifamily investors in Greater Los Angeles, the window to act on this information before the broader market absorbs it is closing fast.
In this video, Oron Maher, Broker-Director at Maher Commercial Realty, explains why SB 79 is not primarily a housing story — it is a land value story — and breaks down the three-part recalculation every property owner near qualifying transit stops needs to understand right now.
What land owners and investors need to know before July 1st:
1️⃣ Highest and best use for low-density sites near qualifying stops gets recalculated the moment this law takes effect. That changes what your land is worth — immediately.
2️⃣ That recalculation flows into land pricing before the broader market fully absorbs it. The owners who move first capture the most value.
3️⃣ The law prohibits demolition of occupied rent-controlled housing — creating a hard valuation split between encumbered and unencumbered sites in the same corridor. Not all transit-adjacent land benefits equally.
For property owners sitting within a half-mile of a Metro stop or rapid bus corridor in Greater Los Angeles, the question is not whether SB 79 affects your asset. It is whether you understand the impact before your buyer does.
📍 Maher Commercial Realty — Beverly Hills. Multifamily, land, and commercial assets across Greater Los Angeles.
📩 Own property within a half-mile of a Metro stop and want to know what your land is worth before July 1st? Send us a DM.
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