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 Type
LandCounty
Los AngelesStyle
LandAD ID
47043836
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Property Details
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Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.3099
- Lot Size Source: Estimated
- Lot Size Square Feet: 13500
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Listing Information
Listing Price Information
- Original List Price: 1,350,000
- Listing Contract Date: 2024-09-27
Lease Information
- Listing Agreement: Exclusive Right To Sell
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Taxes / Assessments
Tax Information
- Parcel Number: 5312005014
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
Homeowners Association
Rental Info
- Lease Term: Negotiable
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School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active Under Contract
- Source Neighborhood: 699 - Not Defined
- Postal Code Plus 4: 4353
- Directions: 110Fwy and Hermon Park
- Zoning: LARD1.5
- Source Property Type: Land
- Area: 699 - Not Defined
Building and Construction
- Year Built Source: Vendor Enhanced
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BuyOwner last updated this listing 12/04/2024 @ 13:46
- MLS: PW24200945
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Land, with 0 bedrooms which is recently sold, it has 0 sqft, 13,500 sized lot, and 0 parking. A comparable Land, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Los Angeles , in zip code 90042, this Los Angeles County Land are nearby neighborhoods.