Toluca Lake Development Site Rare 4-lot assemblage totaling 18,628 SF of land R3 Zoning Prime Toluca Lake Location VTT-065147 for an 18-unit condominium project Potentially Modifiable to SLO Maximum Allowable Density 26.84 Apartments with 35% Bonus Density Existing single family homes with substantial rental income [$9,000/Month] $2,200,000 The Development Brokers 12400 Ventura Blvd. #606 Studio City, CA 91604 818.985.9700 Phone 818.985.9703 Fax
Toluca Lake 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
Toluca Lake Development Site Page 4: Property Summary Page 5: Site Aerial Page 6: Property Photos Page 7: Site Location Page 8: Parcel Map Page 9: Vesting Tentative Tract Map Page 10: [Q] Condition Page 11: Toluca Lake Boundaries Map Page 12: Transaction Details Table of Contents
Located within the Toluca Lake neighborhood of the San Fernando Valley this 4-lot assemblage will allow for several development scenarios. The property is currently 4 recently updated single family homes that are rented with leases in place until the end of 2012. There is a recorded Vesting Tentative Tract map (VTT-065147) for a 100% market rate 18-unit condominium development. The property is located South of Moorpark Street, one block east of Lankershim Blvd. and minutes away from Universal Studios. Location: 10730-10716 Bloomfield Street APN: 2423-016-039,038,037,036 Net Land Area: 18,628 SF Zoning: [Q] R3-1 [Q] - 1 unit per 1,000 SF of land area with a 30 ft. height limit Copy of [Q] Condition contained herein Entitlements and Supporting Documents: Vesting Tentative Tract Map VTT-065147 NO PLANS IN OWNER S POSSESSION Council District: CD 4 Tom Labonge CRA: None General Plan: Medium Residential Existing Improvements: Interior showings by appointment only. 10730 Bloomfield: 2 Bed / 1.75 Bath. 1,048 SF 1-year lease expires end 2012 @ $2,400 a month 10724 Bloomfield: 2 Bed / 1 Bath. 1,070 SF 1-year lease expires end 2012 @ $2,200 a month 10720 Bloomfield: 2 Bed / 1 Bath. 816 SF 1-year lease expires end 2012 @ $2,100 a month 10716 Bloomfield: 3 Bed / 2 Bath. 1,512 SF 6-month lease expires mid 2012 @ $2,318 a month Price: $2,200,000 Total Gross Monthly Income: $9,018 Property Summary Toluca Lake Development Site 4
Toluca Lake Development Site 10730 Bloomfield 10724 Bloomfield 10720 Bloomfield 10716 Bloomfield **Interior Shown with an Accepted Offer Property Photos 6
Toluca Lake Development Site [Q] Condition 10
Toluca Lake Development Site Toluca Lake Boundaries Map Source LA Times 11
Toluca Lake Development Site Deal Structure: Conventional residential sale transaction Seller: Ziv Bloomfield Properties, LLC Price: $2,200,000 Submit Offers To: Evanisko Realty & Investment, Inc. David Melaugh ALL PROPOSALS WILL BE REVIEWED BY LANDOWNER AND BROKER AS RECIEVED Commission: 2.5% to cooperating broker For additional information/guidance on this and other development opportunities contact: Evanisko Realty & Investment, Inc. (818) 985-9700 melaugh@evaniskorealty.com Transaction Details 12400 Ventura Blvd. #606 Studio City, CA 91604 818.985.9700 Phone 818.985.9703 Fax 12
INFILL LAND SALES CONSTRUCTION FINANCING MARKET INTELLIGENCE The Development Brokers.com Frank Evanisko President frank@evaniskorealty.com David Melaugh Vice President melaugh@evaniskorealty.com Evanisko Realty & Investment, Inc. 12400 Ventura Blvd. #606 Studio City, CA 91604 P. (818) 985-9700 F. (818) 985-9703 Lic. 01383591 www.thedevelopmentbrokers.com 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.