Cool New Small Lot Subdivisions Are Hot, Hot, Hot
Pockets of L.A. are zoned for small-lot subdivisions like Heyday's Peak Place, and first-time buyers are going gaga over them.
Not everyone in L.A. is looking for the typical home with a white picket fence, or, to be more locally specific, Mediterranean arches and a tile roof. Younger urban hipsters out to purchase their first homes are especially flocking to new, low-maintenance, small-lot subdivisions that are selling almost as fast as they’re being built.
No one knows this better than the Wronske brothers, who founded Heyday Homes about 10 years ago, when they were fresh out of school. They’ve designed and built modern, small-lot subdivisions in areas like Eagle Rock, Silver Lake and Echo Park – even Venice. Half the houses in their latest project – a development they call Peak Place in Glassell Park – were under contract within a week of arriving on the market.
We’re not talking condos or townhouses; these are single-family units on their own lots, although those lots are not large. The approximately 1,900-square-foot homes take up most of the space, but there are driveways, small courtyards and two-car garages.
“We’re finding that a lot of people are looking for relatively low-maintenance homes closer to downtown,” says Kevin Wronske, who says his buyers work, play and travel, and don’t want to spend a lot of time or money maintaining a yard or paying someone to do it for them. Also, there is no HOA fee in Peak Place – just a $40 monthly fee to cover the expense of the private gate, driveways and garbage collection.
The houses themselves are modern, high quality, and LEED Gold Certified. They all have three bedrooms, two bathrooms and open main-floor great rooms, with slightly different configurations in each model.
All have upscale features like master suites with walk-in closets, 20-foot vaulted ceilings, and 32-square-foot skylights. They also contain hardwood and concrete flooring, custom tiles, frameless shower doors, mezzanines and frameless windows that wrap around corners.
Then there are the green aspects of the homes: tankless water heaters, high-efficiency furnaces, central air with Nest Learning thermostats, dual-flush toilets and low-flow fixtures.
Take a Peak Inside Peak PlaceView All 8 Photos
You might think that buyers would pay a premium for these swank features, but not so. They’re mostly located in developing neighborhoods, and the prices are consistent with the surrounding areas. At $625,000 to $640,000, they’re reasonably priced for brand new homes. This is Los Angeles, after all.
You won’t find small lot subdivisions like these popping up in every neighborhood, however. There are tiny pockets of the county that are zoned for this type of development, and Heyday Homes has a knack for finding them. The company is currently in various stages of development on 39 homes in five different projects ranging from 3-13 residences. You can find out more about them on their website: HeydayPartnerships.com.