8 Unit Development Site & Chatsworth Street Granada Hills, CA 91344

Transcription

1 Plans in plan check for an 8 unit townhome apartment project Previously approved subdivision for an 8 unit small lot subdivision [VTT SL] Single family home on each property Townhome style units with anticipated rental rates $3,000+ per unit Price: $1,150,000

2 This brochure has been prepared to provide summary, unverified information to interested parties, and to establish only a preliminary level of interest in the subject development opportunity. The information contained in this brochure has been obtained from sources we believe to be reliable. However, Evanisko Realty & Investment, Inc. has not verified, and will not verify, any of the information contained herein, nor has Evanisko Realty & Investment, Inc. conducted any investigation regarding theses matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. Any architectural renderings or entitlement information to be verified by potential buyer and Evanisko Realty & Investment, Inc. makes no warranties to the accuracy of any city approvals associated with plans. All interested parties must take appropriate measures to verify all of the information set forth herein. Please contact Evanisko Realty & Investment, Inc. for additional information and/or guidance pertaining to this opportunity. All offers and correspondence regarding this opportunity are to be directed to Evanisko Realty & Investment, Inc. (818) Evanisko Realty & Investment, Inc. BRE:

3 Page 4: Property Summary Page 5: Rental Comparable #1 Page 6: Rental Comparable #2 Page 7: North Elevation Page 8: South Elevation Page 9: East Elevation Page 10: West Elevation Page 11: 1 st Floor Plan Unit 103 Page 12: 2 nd Floor Plan Unit 103 Page 13: 1 st Floor Plan Unit 101 Page 14: 2 nd Floor Plan Unit 101 Page 15: Location Page 16: Street Viewpoint #1 Page 17: Street Viewpoint #2 Page 18: Aerial Viewpoint #1 Page 19: Aerial Viewpoint #2 Page 20: Transactional Guidance 8 Unit Development Site

4 General Description: The subject property consists of two neighboring single family homes that will be delivered vacant at close of escrow. Plans are in plan check for an 8 unit rental project. Units average over 1,600 Sqft. with 2 levels of livable square footage and on grade parking. All units have access through the rear alley (20 wide). Previous plans for an 8 unit small lot ordinance project may be pursued with City of Los Angeles Planning Department. Zoning: RD1.5-1 Topography: Flat APN: , 008 Total Land Area: 13,000 Sqft [6,500 Sqft. per lot] Existing Improvements: Single Family Homes Entitlements: Plans in Plan check for 8 rental units Expired vesting map for an 8 unit SLO development VTT SL Site Dimensions: 50 x 130 Price: $1,150, & share the same unit breakdown Unit Number Bed/Bath 1st Floor 2nd Floor Total Sqft. Unit Type 101 3Bed/2.5 Bath ,675 2 Level Towhome 102 3Bed/2.5 Bath ,698 2 Level Towhome 103 3Bed/2.5 Bath ,698 2 Level Towhome 104 3Bed/2.5 Bath ,742 2 Level Towhome Total Leasable Sqft. 6,813 Total Buildable Sqft. 7,708 Property Summary 4

5 17809 Devonshire Street Northridge, CA Rental Rate: $2,800 2Bed / 2Bath Sqft: 1,566 Year Built: 1980 Unit Type: Townhouse Only 1 vacancy in the building as of 4/ Unit Development Site Mayall Street Los Angeles, CA Rental Rate: $2,480 3Bed / 3Bath Sqft: 1,045 Year Built: 1972 Unit Type: Townhouse Only 1 vacancy in the building as of 4/ Superior Street Los Angeles, CA Rental Rate: $2,480 3Bed / 2.5 Bath Sqft: 1,559 Year Built: 1997 Unit Type: Townhouse Only 1 vacancy in the building as of 4/2017 Rent Comparable #1 5

6 10126 Reseda Blvd Los Angeles, CA Rental Rate: $2,800 4Bed / 3Bath Sqft: 1,5674 Year Built: 1973 Unit Type: Townhouse Only 1 vacancy in the building as of 4/ Unit Development Site Lassen Street Los Angeles, CA Rental Rate: $2,750 3Bed / 3Bath Sqft: 1,783 Year Built: 1979 Unit Type: Townhouse Only 1 vacancy in the building as of 4/ Zelzah Ave Los Angeles, CA Rental Rate: $2,480 3Bed / 2.5 Bath Sqft: 1,640 Year Built: 1981 Unit Type: Townhouse Only 1 vacancy in the building as of 4/2017 Rent Comparable #2 6

7 North Elevation 7

8 South Elevation 8

9 East Elevation 9

10 West Elevation 10

11 1 st Floor Plan Unit

12 2 nd Floor Plan Unit

13 1 st Floor Plan Unit

14 2 nd Floor Plan Unit

15 Location 15

16 Street Viewpoint #1 16

17 Street Viewpoint #2 17

18 Chatsworth Street Aerial Viewpoint #1 18

19 20 Rear Alley Aerial Viewpoint #2 19

20 Evanisko Realty & Investment, Inc. has been retained on an exclusive basis by the owner to handle the marketing and disposition of this land asset. Transaction Structure: Seller will allow 30 days for buyer to conduct their due diligence after which the initial deposit will become non-refundable. Escrow closing will occur within a short period thereafter. Price: $1,150,000 Submit Offers To: melaugh@evaniskorealty.com ALL PROPOSALS WILL BE REVIEWED BY LANDOWNER AND BROKER AS RECEIVED. Contact for entitlement information and supporting documentation. (818) Transactional Guidance 20