6101 Toltec Way
Los Angeles, CA 90042
0.31 acres | #PW24200945
Description
This 13,500 SF vacant lot comes with plans and permits for a 9-unit small lot subdivision home development, 3 bed, 3.5 bath each, with total of 15,995 living square feet space. Homes are thoughtfully designed by award winning architect and include roof decks with expensive views. Similar new homes in the area sell north of $700/sqft, affording an exceptional double digit returns to prospective investors. The property is located among beautiful rolling hills and the Arroyo Seco Park between South Pasadena and Highland Park. Herman Park, dog park, Arroyo Seco Bike path and trendy Fesco Community Market are all steps away from the property.
All permit fees paid and permits issued, including building, grading, retaining walls, plumbing, off-site sewer, street/sidewalk. Buyer may start building immediately after closing. Last remaining city fee to pay is the Quimby fee for LA City parks, which is approximately $90k, which can be paid anytime before certificate of occupancy for new homes. Otherwise, all city fees are paid. No LA City Linkage Fee because project is vested prior to this fee becoming active.
Property Details
- ViewMountains
Measurements
- Acres0.3099
Construction Details
- Property TypePurchase
Utilities / Energy Details
- Utility SourceOther
Community and Neighborhood Details
- CountyLos Angeles
Financial Details
- Original List Price$1,350,000
Other
- MLS #PW24200945
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Saeed Ghaffari (#PGHAFSAE)
Listing Office: Real Estate Legends USA (#PB3403)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
