The Development Brokers. Koreatown Multifamily Development Site Francis Ave. Los Angeles, CA 90005

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1 Koreatown Multifamily Development Site Interior double lot zoned R4-1 existing Ellised 8 unit & SFR Approved and extended VTT condominiums Dense and quickly redeveloping Koreatown location 13,494 SF of R4 Land will permit 33 units by-right (before bonus densities) Existing gross income $8,742/mo. Through traffic restricted on street during school hours minimizing traffic and noise $1,725,000 The Development Brokers Ventura Blvd. #606 Studio City, CA Phone Fax

2 Koreatown Multifamily Development Site This brochure has been prepared to provide unverified summary 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 these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. Broker and Owner make no representations/warranties as to the development potential of land. 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/guidance pertaining to this property. Disclosure

3 Koreatown Multifamily Development Site Page 4: Property Summary Page 5: Due Diligence Contents List Page 6: Proposed Unit Breakdown Page 7: Second Floor Plan Page 8: Vesting Tentative Tract Map #65173 Page 9: Current Rent Roll Page 10: Site Location Page 11: Parcel Map Page 12: Transaction Details Page 13: Broker Information Table of Contents

4 Koreatown Multifamily Development Site The site represents a rare opportunity to purchase a condominium or apartment development opportunity at one of Los Angeles most dense and quickly redeveloping infill locations in Koreatown just five blocks south of Wilshire Blvd. The site consists of two adjacent R4-1 zoned lots totaling 13,493 sq. ft. of land with an approved and extended vesting tentative tract map and preliminary plans for 28 condominium units ranging from 996 to 1,382 sq. ft. The proposed development of 28 condominiums consists of two parking levels providing 63 spaces (one on grade and one full below grade with four stories of residential units). Existing Improvements: APN: [8unit (all 1+1) built 1950]* APN: [2,329 SF SFR built 1910] Property was Ellised and re-tenanted. New tenants have signed wavers relinquishing rights to a relocation fee. Total Land Area: 13,493 sq. ft. Zoning: R4-1 Entitlements: VTT [Extended to 8/21/2019] Land Dimensions: 100 X 135 Topography: Flat Price: $1,725,000 Plans: Contact broker for a full due diligence package. Contents on next page. Property Summary 4

5 Koreatown Multifamily Development Site Architectural Plans Vesting Tentative Tract Map Determination Letter Tract Map Extension Contact broker to access these items Due Diligence Contents List 5

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7 Second Floor Plan

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9 Koreatown Multifamily Development Site Site Location 9

10 Koreatown Multifamily Development Site Site Location 10

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12 Koreatown Multifamily Development Site Deal Structure: Negotiable Price: $1,725,000 Submit Offers To: Evanisko Realty & Investment, Inc. Frank Evanisko ALL PROPOSALS WILL BE REVIEWED BY PROPERTY OWNER AND BROKER AS RECEIVED INTERIOR SHOWINGS BY APPOINTMENT ONLY. Commission: 2.5% to cooperating broker For additional information/guidance on this and other development opportunities contact: Evanisko Realty & Investment, Inc. (818) Transaction Details Ventura Blvd. #606 Studio City, CA Phone Fax 12

13 INFILL LAND SALES CONSTRUCTION FINANCING MARKET INTELLIGENCE The Development Brokers.com Frank Evanisko President Director of Land Sales David Melaugh Vice President Director of Construction Financing Evanisko Realty & Investment, Inc Ventura Blvd. #606 Studio City, CA P. (818) F. (818) Lic Our Business Evanisko Realty & Investment, Inc. facilitates the transaction of infill development opportunities within the Los Angeles County marketplace. Since its inception in 2003, Evanisko has sold or structured various partnerships for the redevelopment of over 100 sites ranging from 6,000 SF single family lots to high profile/high density downtown land assemblages. Harnessing the power of real time local development market information has been the key to Evanisko s ability to effectively and properly advise clients through each step of every transaction. Maintaining a vertically integrated development-based niche [Sales and Finance] has allowed Evanisko to clearly differentiate itself within the local brokerage community. An effective broker recognizes the fact they are in the business of information.