Record-Breaking LA Land Sale: What Makes a Development Site So Valuable?

What makes a land sale a record breaker?

Maher Commercial Realty has closed the sale of a Westlake development site at the highest price per square foot achieved for multifamily land east of Beverly Hills since 2023.

According to Oron Maher, the strongest results come from understanding what a property is worth to the right buyer — not simply putting it on the market.

For development land, the buyer’s vision, entitlement strategy, and ability to execute can dramatically influence value.

Own development land in Los Angeles? Tell us your submarket in the comments and we’ll share what’s driving values there.

#mahercommercialrealty

Oron Maher

About the Author

Oron Maher

Founder & Broker-Director, Maher Commercial Realty

Oron Maher is the Founder and Broker-Director of Maher Commercial Realty, a Beverly Hills commercial real estate brokerage serving Greater Los Angeles and Southern California. A licensed California broker and attorney, he has completed more than $500 million in commercial transactions across multifamily, retail, office, industrial, and net lease, advising owners, investors, and institutions on acquisitions, dispositions, leasing, and investment strategy.

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