10 HOME DEVELOPMENT SITE

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1 10 HOME DEVELOPMENT SITE 4531 Glenalbyn Dr. Mount Washington Close with Conceptual Plans and Several Studies The homes will have views Total Land Area: 85,717 SF 1.97 AC Located in the much sought after Mount Washington Ranging in size from 2,000 to 2,500 SqFt. Price: $1,499,000

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. NELA Homes has not verified, and will not verify, any of the information contained herein, nor has NELA HOMES. Conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All interested parties must take appropriate measures to verify all of the information set forth herein. Please contact NELA Homes for additional information and/or guidance pertaining to this opportunity. All offers and correspondence regarding this opportunity are to be directed to: Jonathan Barr Phone: (323) Fax: (323) JB@neladevelopment.com 1

3 Page 3: Property Summary Page 4: Mount Washington Boundary Map Page 5&6: Land Comparables Page 7&8: New Build Comparables Page 9: Project Square Footage Breakdown Page 10: Homes Lot Layout Page 11: Civil Layout and Earth Movement Page 12: Zimas Plot Plan Page 13: Plot Plan Page 14: Zimas Page 16: Pictures Page 17: View from Property Page 18: Transactional Guide 2

4 10 HOME DEVELOPMENT SITE Newer Build Home with views on an 85,692 SF Lot. Large family home with Mount Washington schools. The residence features a great family room with high ceilings and incredible views through the bay window. The land will be delivered with conceptual plans to subdivide to 9 additional SFR homes. The future development will be 10 Single Family Homes which are 2-3 stories in height and a direct attached two car garage. Each home will have 2-4 bed/baths with dens and yards/patios. In addition, each home features a sizable master. The existing vacant lot will be delivered with conceptual plans, civil work, soils, survey, biology report, traffic study and Phase 1 Environmental. In addition, the conceptual plans have been vetted with the city and fire. The Land Use committee was also approached and was favorable towards the project. This is rare opportunity for Savvy Buyers to take on and create a great project that will sell quickly due to its close proximity to everything (Downtown, Highland Park etc...) These are traditional size lots giving a more private, secluded feel unlike most small lot projects being built. Walking distance to the Gold Line and Southwest Museum. Estimated average sales price per home well be over a million, at $471 a square foot. You can live in the existing home while you subdivide the lot and sell them to a builder. APN: Land Area: 85,692 SF Council District: CD 1- Gil Cedillo Price: $1,499,000 3

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6 LAND COMPARABLES 5

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8 SFR COMPS 7

9 Sale Comparable #1 950 El Paso Dr. Size 4 Bed+ 3 Bath Saleable Sqft: 2,168 SF Description - Almost all new home. Contemporary, exquisitely done. YBLT: 1922 COE: 11/02/16 Sold price: $1,065,000 [$491.24] Sale Comparable #2 910 Elyria Dr. Los Angeles Size 4 Bed+ 3 Bath Saleable Sqft: 2,937 SF Description - Upgraded, traditional home with big lot and huge master suite. YBLT: 1930 COE: 12/15/16 Sold price: $1,187,560 [$404.34] Sale Comparable # San Rafael Los Angeles Size 4 Bed+ 2 Bath Saleable Sqft: 2,948 Description - Contemporary residence in rustic residence YBLT: 1978 COE: 08/10/16 Sold price: $1,240,000 [$420.62] Sale Comparable # Tacoma Avenue Los Angeles Size 5 Bed+ 4 Bath Saleable Sqft: 2,219 SF Unit Type: SFR Description- Midcentury Private Hillside residence with a separate cottage. YBLT: 1924 COE: 01/20/16 Sold price: $1,250,000 [$563.32] 8

10 UNIT BED BATH SQFT. Lot GARAGE A1 4+ Bonus 4 2,271 25, A2 3+ Bonus 3 2,117 10, A3 3+ Den 3 2,227 10, A4 4+ Den 3 2,090 5, A5 4+ Den 3 2,277 6, A6 4+ Den 3 2,238 5, A ,148 5, A8 2+ Den 3 2,222 5, A9 2+ Den 3 2,325 5, Existing Home 4+ Den 4 2,298 6,785 Total Lot Area Total Living Area 85,717 SF 22,213 SF Total Building Area 23,360 SF 9

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15 4531 Glenalbyn Dr. Mount Washington 14

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17 NELA Homes has been retained on an exclusive basis by the owner to handle the marketing and disposition of this land asset. Title: Provident Title: Pam Wood Escrow: Glenoaks Escrow: Kristen Hartwick Price: $1,499,000 The existing SFR is being sold tenant occupied. They are paying $2,800 and are tenants in good standing. The tenants are currently on a month-to-month agreement with no rent control. The home gives the opportunity for a Developer to have some income during the planning stages. The home will only be shown to serious, qualified buyers. Call the Listing office to set up a showing. Can share drop box link with the further details and completed studies. SUBMIT ALL PROPOSALS/INQUIRIES TO: Jonathan Barr Jb@neladevelopment.com For additional information/guidance on this and other development opportunities contact: NELA Homes (323)