Gradual slopped uphill lot in the Hollywood Hills Zoning: R2-1XL Ability to develop 2 units or a single family home under the existing zoning Average $681 price per foot sales price over the last year within the Hollywood Hills Walking distance to Hollywood and Highland Rare 110 of street frontage Price: $549,000 Evanisko Realty & Investment, Inc. BRE: 01383591
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) 985-9700
Page 5: Property Summary Page 6: Elevations Page 7: Property Pictures Page 8: Location Page 9: Parcel Map Page 10: Transactional Guidance Table of Contents
General Description: The subject property is located in the Hollywood Hills, minutes from all of the major venues in Hollywood. The property is an upslope lot that starts with a flat section adjacent to the street / sidewalk and has a very gradual grade that will require less site work than a typical uphill lot. The properties in front of the subject site are single family homes that have been constructed on downhill topography allowing the subject site head on city views from the top two floors. The property is very unique and has approx. 110 ft. of street frontage which will accommodate a variety of parking and/or living layouts. The site can be developed into a by-right duplex, condominium, or as a single family home. The property previously had approved plans for a duplex. All previous plans can be viewed by interested buyers but have expired and are not current, the property is being sold with no current entitlement. APN: 5549-022-025 Total Land Area: 6,961 SF Zoning: R2-1XL (30 height limit) Existing Improvements: Vacant Land Topography: Hillside - Upslope Entitlements: None Soils Report and Soils approved date 9/20/2005 available for review Utilities: In Street Previously approved plans which are now expired: Unit Breakdown: The previously permitted plans were for a duplex. The duplex units are roughly 3,200 Sqft. each with 3 bed, 3.5 bath, an office or 4 th bedroom, and a three car garage. The units are 3 stories in height with a balcony on the second floor and a penthouse section with roof top patio that faces the City. Each unit will private outdoor space and a rear yard. 1 st Floor: 3 car garage (1 tandem spot), office/4 th bedroom, full bathroom 2 nd Floor: Bedroom with en-suite full bathroom, powder room, laundry, kitchen, dining, living, fireplace, and balcony facing the City (South) 3 rd Floor: Master bedroom and 3 rd bedroom with en-suite bathroom(s), walk in closet(s), loft, access to penthouse level with patio facing the City (South) Property Summary 5
Elevations 6
Property Pictures 7
Location 8
Parcel Map 9
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: $549,000 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) 985-9700 www.thedevelopmentbrokers.com Transactional Guidance 10