Attention Builders, Developers! 12 Single Family Lot Subdivision Just approved on January 18, 2019. Tract Map No. 82021, Physical Location is 15523- 15533 Cobalt Street Sylmar, Ca. 91342. Approved plan is for 12 two story homes on a private cul-de-sac street. Recent home sales in the neighborhood point to a conservative sales price of $675,000 to $688,000 per 2,400 sq.ft. home. Lot sizes vary from 5,000 to 7,000 sq. ft. The land is being sold as is. Now that tract map # 82021 is approved buyer builder will need to finalize the subdivision per the attached conditions of approval before the final tract subdivision can be recorded. The following is available for viewing in the attachments: Grading preliminary plan, color sketch of possible elevations of new homes, soils report, soils approval letter from City of L.A., Tract Map Letter of Determination with conditions of approval, solar report, tract map diagram, Proforma based on expenses and income of homes selling for an average of $685,395.
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