Subdivision in Southern California

[David Carbajal]

Hi BP fam! I am an active development manager that focuses on the construction and design management for 150+ room hotels on the West coast.

I have been in this field for nearly a decade and feel that it is time to pull together some small residential development projects of my own.

My first gig is a 5 acre parcel that will be subdivided into 15 or 16 lots. I purchased the land for a great price. The lot had a previously approved tentative tract map that expired a few years ago. I have Re engaged the engineer who did the original TTM and am expecting his proposal by the end of the week.

I am reaching out the BP fam to see if there are any “lessons learned” that you all would be willing to share....

This is how I understand the next steps:

1. Submit TTM. (We are trying to get the City to utilize the original Env. Reports that were used)

2. Submit final TM.

Approx. 8 months to get through these 1st 2 steps.

- while I am working through the tract map approvals, I’ll be tightening up my construction budget:

Shrub clearance

Grading

CMU wall(s)

Curb/Gutter

Sidewalks

Paving

Landscape

All utilities

Fees

I know that there are plenty of additional details/steps along the way, but these are the ones that I have top of mind at the moment.

Thank you all in advance for those “lessons learned.”

-David

[Greg Dickerson]

Originally posted by @David Carbajal:

Hi BP fam! I am an active development manager that focuses on the construction and design management for 150+ room hotels on the West coast.

I have been in this field for nearly a decade and feel that it is time to pull together some small residential development projects of my own.

My first gig is a 5 acre parcel that will be subdivided into 15 or 16 lots. I purchased the land for a great price. The lot had a previously approved tentative tract map that expired a few years ago. I have Re engaged the engineer who did the original TTM and am expecting his proposal by the end of the week.

I am reaching out the BP fam to see if there are any “lessons learned” that you all would be willing to share....

This is how I understand the next steps:

1. Submit TTM. (We are trying to get the City to utilize the original Env. Reports that were used)

2. Submit final TM.

Approx. 8 months to get through these 1st 2 steps.

- while I am working through the tract map approvals, I’ll be tightening up my construction budget:

Shrub clearance

Grading

CMU wall(s)

Curb/Gutter

Sidewalks

Paving

Landscape

All utilities

Fees

I know that there are plenty of additional details/steps along the way, but these are the ones that I have top of mind at the moment.

Thank you all in advance for those “lessons learned.”

David - I never purchase the land until I get all of the entitlements and permits and hi Ty the purchase price of the land to the density granted so if you get less than you’re looking for you can reduce the purchase price.

Also I begin with the end game in mind and make sure that I have Builders lined up ready to take down the lights when I’m finished so I know what my profit is in advance.

If I’m building the houses and developing the land I make sure the market can absorb the inventory at the price point I am projecting and I work everything backwards from there.