Small Lot Development Services
Small lot developments are fee-simple units that units that increase homeownership opportunities while working within existing land use designations. Because these units are fee-simple, homeowners acquire ownership of the housing structure, as well as the land on which it’s built. (Fee Simple is the most common form of real estate ownership in the USA and it’s also the highest form of ownership).
The City of Los Angeles Small Lot Design Guidelines complement the adopted ordinance in promoting the design and creation of small lot housing with neighborhood compatibility in mind. All Small lot developments are subject to the California Subdivision Map Act, and developers are required to provide additional information over and above the customary requirements for new subdivision or parcel map applications.
Small lot development allows developers to construct a number of either attached or single-family homes on lots on a previously Single-family lot. Small lot developments increase homeownership at reduced costs. Small lot development increase housing production and developments are not subject to monthly homeowners’ association (HOA) fees.
It should be noted that small lot developments are easier to finance than condominium projects making obtaining bank financing easier. Small lot development, introduced in 2005 is aimed to encourage the construction of smaller, more affordable infill housing to target first-time home buyers, and allowed for the creation of detached townhouses on land zoned for commercial and multi-family use, reducing setback requirements and minimum lot sizes.
Constructing infill housing offers a unique set of design challenges not simply on the parcel level, but also on the neighborhood level and within the public realm. At 1st POSS you will find dedicated housing specialists and customer services agents that are 100% available and ready to provide you with the support that you need to navigate those issues that can and do arise in putting your “Small Lot Development” plan together.
The ability to provide fee-simple ownership in multifamily zoned areas.
The process has been improved to allow construction prior to full recordation of the subdivision.
The process allows the staff to provide administrative relief from the standards, based on the situation.
These projects go through a streamlined administrative process that is nearly a check-list type approach.
Small lot design and layout is fundamentally a site planning challenge, which developers and architects must therefore consider both the design elements and how these designs will enhance the overall neighborhood character while satisfying the needs of the property owner. It is generally understood that the value of real estate is primarily vested the “ownership of the property” as apposed to the soil, materials, improvements, building or site. So, a careful and complete ‘evaluation’ of the proposed site, the type building design to be constructed and its eventual ‘legal description’ must be undertaken. Local governments are grated the power to regulate the manner in which their communities grow, by the state, and these services are explained and available from City Planning.
We, at 1st POSS, seeks excellence in providing our services by balancing the needs of our clients, community with environmental and construction standards to ensure your ‘site’ is developed in concert with the approved site-plan. Our services also extend to all stakeholders, which includes community groups, residents, investors, municipalities and other agencies with interest throughout the site development process.
Site-Related Plans – Schedule a Pre-construction Meeting
Site Development Pre & Post meeting requests for documentation
Site – Plan status – Site inspections information
Site Plan Review Times
Land Development Services Fee Schedule
Consumer preferences for the amenities that infill locations offers are likely to grow as changing demographics affect the housing market. As more people choose to live in infill neighborhoods and urban areas, employers are following the trend, and vice versa, in part because they recognize the competitive advantages of being closer to the central city. Also, with smaller lots often comes smaller houses, new markets are opened up. Additionally, residents can put their purchasing dollars towards desirable home features rather than investing in a large yard space. People and businesses value places that bring together a variety of activities to create vibrant environments. The demand for such places exceeds the supply. Communities with access to transit also help reduce their transportation costs, enabling them to save money or spend more on their homes.
Evaluate & Improvement
Our Sustainable development and consultancy services, deliver, professional expertise, team building and effectiveness, and foster community relationships with all our projects.
In addition:
Facilitate and participate in development team meetings, strategic planning sessions, or other comparable undertakings.
Develop a project development list, manage and communicate with all stakeholders during the development process, ensuring that all information on feasibility, funding, project development, construction and final close-out is clearly communicated to all interested parties.
We advocate for ownerships interest and always keep focused on the “BIG” picture!
We actively seek out and identify other professional organizations to leverage relationships and look to increase the probabilities for our project’s development success.
Result
We, at 1st POSS, are committed to fully understanding a property’ strengths, weaknesses and positioning in the marketplace, while proactively engaging all available resources to achieve an owner’s goals and objectives. Our combine knowledge as a Real estate agent and knowledge of sustainability, plus our experiences, are brought together to establish efficiencies to help owners maximize their investments, reduce cost, and enhance the success of their project.
Our services are guided by our experiences and knowledge, and client-driven teamwork, with high standards for service delivery. We work to meet ownership and stakeholders’ objectives, enhancing the success of the project or development, positioning the property while making ‘strategic growth’ a top priority. Your success is our goal!