Covered land play investments (income-generating properties slated for development) are not a new concept; however, this strategy offers particular value in the multi-family sector. Current assets, such as parking lots, can generate income while developers seek entitlements for additional uses on the parcel. Learn how to maximize revenue on existing multi-family lots by utilizing a combination of new laws and local zoning rules geared at increasing housing and alleviating the housing crisis. Specific case studies such as mixed-use projects in Los Angeles, California and Monrovia, CA will discuss which specific laws can be applied to increase revenue by adding additional units on the same lot while leaving the original units intact.