6101 Toltec Way
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6101 Toltec Way
0.31 Acres of Residential Land Offered at $1,095,000 in Los Angeles, CA 90042
INVESTMENT HIGHLIGHTS
- All plans approved, all permits paid and issued
- No tenants, no relocation fees
- Construction can start immediately
EXECUTIVE SUMMARY
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.
Please review the Project Overview for more details.
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.
Please review the Project Overview for more details.
PROPERTY FACTS Under Contract
| Price | $1,095,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| Sale Condition | Redevelopment Project | Total Lot Size | 0.31 AC |
| No. Lots | 1 |
| Price | $1,095,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.31 AC |
1 LOT AVAILABLE
Lot
| Price | $1,095,000 | Lot Size | 0.31 AC |
| Price Per AC | $3,549,501.77 |
| Price | $1,095,000 |
| Price Per AC | $3,549,501.77 |
| Lot Size | 0.31 AC |
-LA City Approved 9-Home Small Lot Subdivision -All plans approved, all permits paid and issued -Construction can start immediately -No tenants, no relocation fees
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PROPERTY TAXES
| Parcel Number | 5312-005-014 | Improvements Assessment | $0 |
| Land Assessment | $1,705,871 | Total Assessment | $1,705,871 |
PROPERTY TAXES
Parcel Number
5312-005-014
Land Assessment
$1,705,871
Improvements Assessment
$0
Total Assessment
$1,705,871
ZONING
| Zoning Code | RD1.5 (Low density MF) |
| RD1.5 (Low density MF) |
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6101 Toltec Way
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