6101 Toltec Way 5312005014
Los Angeles, CA, 90042
$1,350,000
Beds
0 Baths
SqFt
0.31 Acres
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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.
LISTING AGENT: Saeed Ghaffari
LISTING BROKERAGE: Real Estate Legends USA
6101 Toltec Way 5312005014
Los Angeles, CA

Property Details

Price:
$1,350,000
MLS #:
PW24200945
Status:
Active Under Contract
Baths:
0
Address:
6101 Toltec Way 5312005014
Type:
Land
Neighborhood:
699notdefined
City:
Los Angeles
Listed Date:
Sep 27, 2024
State:
CA
ZIP:
90042
Lot Size:
13,500 sqft / 0.31 acres (approx)
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Lot 10000-19999 Sqft
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The Agency fully supports the Equal Housing Opportunity laws. The Agency IP Holdco, LLC and its parents, affiliates, subsidiaries, franchisees of its affiliates, and network partners make no representations, warranties, or guaranties as to the accuracy of the information contained herein, including square footage, lot size or other information concerning the condition, suitability or features of the property. All material is intended for informational purposes only and has been obtained from public records, MLS, or other sources believed to be reliable, but not verified. All prospective buyers should conduct a careful, independent investigation of the information and property, and consult with appropriate professionals, such as appraisers, architects, civil engineers, etc. CalDRE #01904054

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