sdr I agree with your take and am glad to hear it from a real industry expert since of course, I am biased. Bay Laurel prices have gone up a bit though no sales here since the two in fall and the cheaper of the two was all original and has since been redone.
I would say the lot on Fulvia and then the 2 BIG lots on the corner of Hygeia and Glaucus are maybe the last opportunities to subdivide and build 6+ homes as far as west of 5 funky town is concerned.
I know something is supposed to happen with that old greenhouse just west of the La Costa Ave chevron but I can’t find plans anywhere and have only seen the rendering for the apartments they want to put on Matteson’s Florist.