hollywood hills development site realty & investment, inc. bre: 01383591 hollywood hills...

Evanisko Realty & Investment, Inc. BRE: 01383591

Hollywood Hills Development Site1947 Glencoe Way

Los Angeles, CA 90068

• 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

This brochure has been prepared to provide summary, unverified information tointerested parties, and to establish only a preliminary level of interest in the subjectdevelopment opportunity.

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 theses matters and makes no warranty orrepresentation whatsoever regarding the accuracy or completeness of the informationprovided. Any architectural renderings or entitlement information to be verified bypotential buyer and Evanisko Realty & Investment, Inc. makes no warranties to theaccuracy of any city approvals associated with plans.

All interested parties must take appropriate measures to verify all of the information setforth herein. Please contact Evanisko Realty & Investment, Inc. for additional informationand/or guidance pertaining to this opportunity.

All offers and correspondence regarding this opportunity are to be directed toEvanisko Realty & Investment, Inc. (818) 985-9700



Table of Contents



Page 5: Property Summary

Page 6: Elevations

Page 7: Property Pictures

Page 8: Location

Page 9: Parcel Map

Page 10: Transactional Guidance

Property Summary

5

• General Description: The subject property is located in the Hollywood Hills, minutesfrom all of the major venues in Hollywood. The property is an upslope lot that starts with aflat section adjacent to the street / sidewalk and has a very gradual grade that will requireless site work than a typical uphill lot. The properties in front of the subject site are singlefamily homes that have been constructed on downhill topography allowing the subject sitehead 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 familyhome. The property previously had approved plans for a duplex. All previous plans canbe viewed by interested buyers’ but have expired and are not current, the propertyis 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 unitsare roughly 3,200 Sqft. each with 3 bed, 3.5 bath, an office or 4th bedroom, and a threecar garage. The units are 3 stories in height with a balcony on the second floor and apenthouse section with roof top patio that faces the City. Each unit will private outdoorspace and a rear yard.

• 1st Floor: 3 car garage (1 tandem spot), office/4th bedroom, full bathroom• 2nd Floor: Bedroom with en-suite full bathroom, powder room, laundry, kitchen,dining, living, fireplace, and balcony facing the City (South)• 3rd Floor: Master bedroom and 3rd bedroom with en-suite bathroom(s), walk incloset(s), loft, access to penthouse level with patio facing the City (South)



Elevations

6



Property Pictures

7



Location

8



Parcel Map

9



Transactional Guidance

Evanisko Realty & Investment, Inc. has been retained on an exclusive basis by the owner tohandle the marketing and disposition of this land asset.

Transaction Structure: Seller will allow 30 days for buyer to conduct their due diligence afterwhich the initial deposit will become non-refundable. Escrow closing will occur within a shortperiod thereafter.

Price: $549,000

Submit Offers To: [email protected]

ALL PROPOSALS WILL BE REVIEWED BY LANDOWNER AND BROKER AS RECEIVED.

Contact for entitlement information and supporting documentation.(818) 985-9700

www.TheDevelopmentBrokers.com

10



hollywood hills development site realty & investment, inc. bre: 01383591 hollywood hills...

Documents