48,703 sf multifamily development site

www.EvaniskoRealty.com

The Development Brokers12400 Ventura Blvd. #606

Studio City, CA 91604818.985.9700 Phone818.985.9703 Fax

48,703 SF Multifamily Development Site14401 Foothill Blvd.

Sylmar, CA 91342

• A corner property with thoroughfare frontage and freeway exposure make thisan attractive opportunity to develop up to 43 apartments [with 3 low-mod units]

• Approved TTM 27 townhome condominiums• Existing 1,847 SF SFR

• Steps from Olive View/UCLA Medical Center and new LAUSD elementary$1,250,000

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 developmentopportunity.

The information contained in this brochure has been obtained from sources we believe tobe reliable; however, Evanisko Realty & Investment, Inc. has not verified, and will notverify, any of the information contained herein, nor has Evanisko Realty & Investment, Inc.conducted any investigation regarding these matters and makes no warranty orrepresentation whatsoever regarding the accuracy or completeness of the informationprovided. Broker and Owner make no representations/warranties as to the developmentpotential of land.

All interested parties must take appropriate measures to verify all of the information setforth herein.

Please contact Evanisko Realty & Investment, Inc. for additionalinformation/guidance pertaining to this property.


Disclosure


Sylmar, CA 91342


Table of Contents

Page 4: Property Summary

Page 5: Applicable Points of Interest

Page 6: On-Grade Parking ConfigurationCourtesy of Berman & Brent, AIA Architectural Corporation

Page 7: On-Grade Parking ConfigurationCourtesy of Berman & Brent, AIA Architectural Corporation

Page 8: Rockwood Apartments Information

Page 9: Site Location

Page 10: Parcel Map

Page 11: Zoning Overlay

Page 12: Tentative Tract No. 68744

Page 13: Transaction Details

Page 14: Broker Information


Sylmar, CA 91342


4

Property Summary

A corner property with thoroughfare frontage and freeway exposure make this aviable opportunity to develop a well configured “class A” apartment asset up to 43units [leveraging the allowable 35% bonus density with 3 low-mod units]. Theproperty is located just steps from the Olive View/UCLA Medical Center [a 377 bedhospital/medical training facility] and a brand new 1,077 capacity LAUSD elementaryschool opening fall of 2012. A good rental comp is an apartment community built in2004 located at 16613 Foothill Blvd (2.5 miles west of subject site]. Two bedroomapartments in this community rent for roughly $2,000/mo. Some more, some lessdepending on orientation and floor plan. An on-grade apartment parkingconfiguration accommodating 116 spaces courtesy of Berman & Brent,AIA Architectural Corporation is contained herein.

• Location: 14401 Foothill Blvd. Sylmar, CA 91342

• Existing Improvements: Existing 1,847 SF SFR built in 1944 – 2 bed, 1 bath[fixer condition]

• APN: 2502-024-020

• Total Land Area: 48,702 SF

• Current Zoning: (T)(Q) RD1.5-1

• Entitlements: TT-68744 [27 Units]

• Land Dimensions: Refer to parcel map

• Topography: Flat

• Jurisdictional Information: City of Los Angeles – CD 7 – Richard Alarcon

• Price: $1,250,000


Sylmar, CA 91342

Proposed Apartment Unit Count CalculationLand Area = 48,702 SF

Density @RD1.5 = 32.426 UnitsDensity + 35% = 43.83 Units

Units Count Difference = 11 Units20% of Unit Count Difference = 3 Units [Low Mod]


Applicable Points of Interest

5

Rockwood Apartments223 Units Built 2004

New LAUSD K-8Opens Fall 20121000+ Capacity

Olive view – UCLAMedical Center377 Bed HospitalBuilt 1987

Cambria Village

Subject Property48,702 SF RD1.5Potential 43 UnitApartment Site


Sylmar, CA 91342


On-Grade Parking Configuration

6


Sylmar, CA 91342


7

Rockwood Apartments Information

16613 Foothill Blvd.Sylmar, CA 91342Built: 2004Owner: Fairfield Sylmarwww.RockwoodLiving.com2+2 units range from $1,591 to $1,925985 to 1,036 SF.


Sylmar, CA 91342

Rental ComparableLocated 2.5 Miles West of Subject Site

http://www.rockwoodliving.com/


Site Location

8


Sylmar, CA 91342


Site Location

10


Sylmar, CA 91342


Tentative Tract No. 68744

11


Sylmar, CA 91342

Deal Structure: Negotiable

Price: $1,250,000

Submit Offers To: Evanisko Realty & Investment, Inc. – Frank Evanisko

ALL PROPOSALS WILL BE REVIEWED BY PROPERTY OWNER AND BROKERAS RECEIVED – INTERIOR SHOWINGS BY APPOINTMENT ONLY.

Commission: 2% to cooperating broker

For additional information/guidance on this and other developmentopportunities contact: Evanisko Realty & Investment, Inc. (818) 985-9700


Transaction Details12400 Ventura Blvd. #606

Studio City, CA 91604818.985.9700 Phone818.985.9703 Fax

12

Subject Property


Sylmar, CA 91342

The Development Brokers.com

Frank EvaniskoPresidentDirector of Land [email protected]

David MelaughVice PresidentDirector of Construction [email protected]

Evanisko Realty & Investment, Inc.12400 Ventura Blvd.#606Studio City, CA 91604P. (818) 985-9700

F. (818) 985-9703

Lic. 01383591

www.TheDevelopmentBrokers.com

Our Business

Evanisko Realty & Investment, Inc. facilitates thetransaction of infill development opportunitieswithin the Los Angeles County marketplace. SinceSince its inception in 2003, Evanisko has sold orstructured various partnerships for theredevelopment of over 100 sites ranging from6,000 SF single family lots to high profile/highdensity downtown land assemblages. Harnessingthe power of real time local development marketinformation has been the key to Evanisko’s abilityto effectively and properly advise clients througheach step of every transaction. Maintaining avertically integrated development-based niche[Sales and Finance] has allowed Evanisko toclearly differentiate itself within the local brokeragecommunity.

An effective broker recognizes the fact they are inthe business of information.

INFILL LAND SALES • CONSTRUCTION FINANCING • MARKET INTELLIGENCE

48,703 sf multifamily development site

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