Signs of a reviving real estate market find some property owners looking to find buyers for land and development ideas that were abandoned during the real estate bust. For example, on the far north end of Elysian Heights, where a previous developer had wanted 2,500-square-foot homes, approximately one-acre of hillside property on Landa Street near Stadium Way has gone up for sale at $1.1 million. The property could accommodate seven homes in a development dubbed Elysian Heights Estates. The listing by Hoffman Land describes the site this way:
The property sits just above both the northbound and southbound on-ramps and off ramps for the Interstate 5, allowing extremely easy access. The subject lots lie on an upward slope thus providing fantastic views of Elysian Valley.
Of course, any buyer and developer interested in building Elysian Heights Estates would have to deal with the high costs of building on hillside land and the prospect of finding buyers willing to deal with freeway noise.