Land Development, Help....

Hello TC investors,
I am looking to develop vacant lots in the los angeles area. The market is tight here, so I think I will have a better chance of owning something this way.

My question: Let say I found a piece of land, approximately 11,000 sq ft. I am not sure of the zoning hopefully R3. What about water rights, power and sewage hook ups? Is this expensive. I am thinking of putting up 4 to 6units for resale.

What advice can you give?
Thanks, GetRafa wink

Comments(2)

  • NancyChadwick17th February, 2004

    First, nail down what the current zoning of the property allows. Look at the current Z ordinance and map and then confirm with the city's zoning officer. What can be done with the property is key to determining development feasibility.

    As for utilities, I would find out from the city what, if any, utilities are available to this property and what, if any, connection/tap-in fees there are. Find out from the city (zoning officer or building code enforcement officer) what is required in order to get a building permit. Depending on what the current zoning is, subdivision may be involved. You may need a civil engineer.

    Depending on several issues, including zoning and site improvement costs, you might want to consider just flipping the lot to a builder instead of hiring a builder to construct the housing.

  • GetRafa17th February, 2004

    Thanks Nancy,

    I have connections with a lot of builders. I am an interior designer. So, the foot work to making sure I can do what I want to do is next.

    GetRafa

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