VTT-65173 [19 condominium units] 4-story over 1-level sub garage Architectural, structural, electrical, and shoring plans available A rare 17,023 SF R3-1 corner double lot assemblage Highly desirable Koreatown location Quimby Fees paid $2,650,000 The Development Brokers 12400 Ventura Blvd. #606 Studio City, CA 91604 818.985.9700 Phone 818.985.9703 Fax
VTT-65173 [19 condominium units] 4-story over 1-level sub garage Architectural, structural, electrical, and shoring plans available A rare 17,023 SF R3-1 corner double lot assemblage Highly desirable Koreatown location Quimby Fees paid $2,650,000 The Development Brokers 12400 Ventura Blvd. #606 Studio City, CA 91604 818.985.9700 Phone 818.985.9703 Fax
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 be advised, Buyer acknowledges that Evanisko Realty & Investment, may (1) act as an agent for more than one prospective Buyer on the subject property and/or (2) act as the agent for both the Buyer and Seller on the subject property. Any prospective Buyer requesting Evanisko Realty & Investment, Inc. to submit an offer on its behalf acknowledges the foregoing disclosures and agrees to the described agency relationships with other prospective Buyers. Evanisko Realty & Investment, Inc. has a policy of pro-active broker co-operation with the investment brokerage community. A co-operating broker fee of 2% of the purhcase price shall be paid at closing to the cooperating broker that represents the buyer that acquires this property. It is Evanisko Realty & Investment, Inc. s policy to not co-operate with brokers that represent themselves as Principals. Please contact Evanisko Realty & Investment, Inc. for additional information/guidance pertaining to this property. When we look at your property, we envision what it can be. Disclosure
Page 5: Property Summary Page 6: Due Diligence Contents List Page 7: Proposed Unit Breakdown Page 8: Aerial Page 9: Site Location Page 10: Vesting Tentative Tract Map #65173 Page 11: Proposed Site Plan Page 12: Parcel Map Page 13: Current Rent Roll Page 14: Conditions List Page 15: Census Tract 2126.20 Page 16: Transaction Details Page 17: Broker Information Table of Contents
This site presents a rare opportunity to purchase a nearly turn-key condominium development opportunity at one of Los Angeles most desirable and dense locations. The site consists of two adjacent R3 zoned lots totaling 17,023 sq. ft. of land on a corner with an approved vesting tentative tract map and plans for 19 large condominium units ranging from 1,598-1,941 sq. ft. The existing architectural and structural plans will need to be resubmitted to plan check although it is understood that required modifications will be minor. Kamran Tabrizi estimates that it will take 4-5 weeks from the time he is retained to implement required changes before re-submitting to plan check. The plan check process will take roughly 75 days. Retaining the architect for the remainder of the process will cost $25,000 $30,000. Location: 3715 San Mario St. APN: 5092-022-010, 5092-022-011 Existing Improvements: CURRENT GROSS INCOME $8,947/MO. APN: 5092-022-010 [1,687 sq. ft. SFR built 1918] APN: 5092-022-011 [8 unit building built 1925] Total Land Area: 17,023 sq. ft. Zoning: R3-1 Entitlements: VTT-65173 Expires 9/27/2017 Land Dimensions: 136 X 125 Topography: Flat corner double lot assemblage Jurisdictional: CD4 Tom LaBonge Price: $2,650,000 [$139,474/Door] Property Summary 5
Architectural Plans Kamran Tabrizi & Associates Structural Plans Masoud Dejban Electrical Plans Nader Shams Shoring Plans Property Survey Wilson Surveying, Inc. Geotechnical Report Applied Earth Sciences Soils Report Approval Letter Vesting Tentative Tract Map Determination Letter Letter of Correction Vesting Map Clarification Tract Map Extension Quimby Fee Payment $84,778 [5/7/2007] Tenant Leases provided with an accepted offer CONTACT LISTING BROKER TO REQUEST A ZIP FILE CONTINAING DUE DILIGENCE INFORMATION Due Diligence Contents List 6
Proposed Unit Breakdown 7
Aerial 8
Wilshire & Western ½ Mile to Metro Subject Property Site Location 9
Proposed Site Plan 11
Parcel Map 12
Current Rent Roll 13
Income Data For Census Tract: 2126.20 Census Tract: 2126.20 15
Deal Structure: 30 DAY DD. CLOSING TBD. Price: $2,650,000 Submit Offers To: Evanisko Realty & Investment, Inc. Frank Evanisko ALL PROPOSALS WILL BE REVIEWED BY PROPERTY OWNER AND BROKER Commission: 2% to cooperating broker For additional information/guidance on this and other development opportunities contact: Evanisko Realty & Investment, Inc. (818) 985-9700 Subject Property Transaction Details 12400 Ventura Blvd. #606 Studio City, CA 91604 818.985.9700 Phone 818.985.9703 Fax 16
INFILL LAND SALES CONSTRUCTION FINANCING MARKET INTELLIGENCE The Development Brokers.com Frank Evanisko President Director of Land Sales frank@evaniskorealty.com David Melaugh Vice President Director of Construction Financing 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. When we look at your property, we envision what it can be.