the development brokers - evanisko realty

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The Development Brokers12400 Ventura Blvd. #606

Studio City, CA 91604818.985.9700 Phone818.985.9703 Fax

Multifamily Development Opportunity9246 Tobias Ave

Panorama City, CA 91402

Entitled 74-Unit Development Site

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 have 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.

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

Please contact Evanisko Realty & Investment, Inc. for additionalinformation/guidance pertaining to this opportunity. (818) 985-9700


Disclosure



Site PhotosPage 5: Project Summary

Page 6: Finished Apartment Asset ValuationPage 7: Aerial

Page 8: Site LocationPage 9: Parcel MapPage 10: Zoning

Page 11: Apartment Scenario – RenderingsPage 12: Apartment Scenario – Site Plan

Page 13: Apartment Scenario – Construction Cost EstimatePage 14: Condo Scenario – Tract Map

Page 15: Via VincennesPage 16: Via Vincennes Rent RollPage 17: Via Vincennes Rent Roll

Page 18: Plan Viewing Instructions – Apts.Page 19: Plan Viewing Instructions - Condo

Page 20: Transaction SummaryPage 21: Broker Information


Table of Contents






Site Photos

4


Project Summary

Tobias Terrace is a fully entitled multifamily development opportunity with the appropriate architectural plans and full MEP plans for both apartment and condo build-out scenarios. Instructions on how to access plans, reports, and entitlement documentation online for both build-out scenarios are included on PAGES 18, 19 of this brochure.

• 74 Apartment units: (includes 19 low-income units) with 143 parking spaces in one level on-grade garage.

• 54 Condominium Units: VTTM 64006 (all market rate) with 143 parking spaces in one level on-grade garage.



• Site Address:• 9256 Tobias Ave.• 9247-9357 Van Nuys Blvd.

• APN: 2651-009-001, 003, 004 [All vacant parcels]

• Zoning: (T)(Q) R3 -1, (T)(Q) RD1.5-1, RA-1

• Community Redevelopment Agency (CRA): Pacoima / Panorama City• Project Manager: Duran Villegas, [[email protected]]

• Council District: CD 7 – Richard Alarcon • Planning Deputy: Dan Rosales, Jr. [[email protected]]

• Land Area: 57,063 SF (1.31 Acres)

• Entitlements: Zone Change, VTT 64006 – 54 units

• Price: $3,200,000 ($43,243/Door based on 74-unit scenario)

5




Finished Apartment Asset Valuation

$14,064,2716.5 CAPEnd Value

$13,543,3726.75 CAP

$13,059,6807.00 CAP

24.95% of GSI(345,078)OP EXP

914,178NET OP INC

1,259,255GROSS OP

8,540Misc.

1,323,665GROSS

5% of GSI(64,409)VAC

26,936Laundry

1.561,288,189107,3491,45174

Manager Unit1 low

1.2646,9803,9151,3051,036233 low

1.15156,77413,0651,0899482212 low

1.4734,8182,902967657113 low

1.77444,60037,0501,9501,1,012319

1.60342,14428,5121,5849892218

1.59262,87221,9061,2177651118

$/SFAnnual Rental Income

Monthly Income

Proforma Rent*Approx SFBathBed# of

Units

Unit Breakdown

6

* Proforma rents based on actual rents in Villa Vincennes – an 80 unit apartment complex completed in 2009 by the same owner as subject property one block north of subject property.

Current verifiable rent roll for Villa Vincennes contained herein PAGE 16, 17.


Aerial

7



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Tobi

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210’

105’

342’

181’

161’


Site Location

8







Parcel Map

9




Zoning

10


Apt. Construction Cost Est.

13

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Landowner recently completed the construction of an 80-unit apartment community one block to the north (also fronting Van Nuys Blvd). The project was completed in May of 2009 and is currently 85% leased. Aesthetically, Villa Vincennes appears

similar to Tobias Terrace although was built to a greater density (80 units on 47,476.3 SF land) and therefore required subterranean parking. Ownership will

consider combining units and converting Villa Vincennes to condominiums when the market permits as the property holds a tract map for 59 units. A current rent roll for

Villa Vincennes can be found on the following two pages.




Villa Vincennes

15




Plan Viewing Instructions – Apts.

18

Blair Graphics PlanWell Guest Access Information

1. Access the Blair Graphics PlanWell Home Page by going to www.blairgfx.com , and clicking on PlanWell Enterprise (Left side Menu).

2. In the PlanWell Home Page under “Guest Access” type the Project Number and Password (Case sensitive).

(All Project Numbers begin with the prefix “BG00” example, BG00_MY PROJECT )

• Project Number: BG00_TOBIAS APARTMENTS • Password: TOBIAS

3. You can select by sheet, by discipline, or the whole issue, just by adding it to your shopping cart.

4. You can also view the drawings by clicking on the sheet number.

5. When you are ready to place your order click “PRINT ORDER” (Upper Right of Screen).

6. The “Customer Login” screen will appear. You will be asked for your “User ID & Password”. If you do not have one, click the “Credit Card” option, complete the information, and submit it. If you have an account with Blair Graphics please e-mail [email protected] for your user name. (Note: you will not be asked for your credit card number until the end of the order process)

If you have any questions, please contact us at (310)829-4621 and we can walk you through the ordering process.

Thank you, Blair Graphics PlanWell Department (310)829-4621 [email protected]




Plan Viewing Instructions - Condo

19

Blair Graphics PlanWell Guest Access Information

1. Access the Blair Graphics PlanWell Home Page by going to www.blairgfx.com , and clicking on PlanWell Enterprise (Left side Menu).

2. In the PlanWell Home Page under “Guest Access” type the Project Number and Password (Case sensitive).

(All Project Numbers begin with the prefix “BG00” example, BG00_MY PROJECT )

• Project Number: BG00_TOBIAS CONDO • Password: TCONDO

3. You can select by sheet, by discipline, or the whole issue, just by adding it to your shopping cart.

4. You can also view the drawings by clicking on the sheet number.

5. When you are ready to place your order click “PRINT ORDER” (Upper Right of Screen).

6. The “Customer Login” screen will appear. You will be asked for your “User ID & Password”. If you do not have one, click the “Credit Card” option, complete the information, and submit it. If you have an account with Blair Graphics please e-mail [email protected] for your user name. (Note: you will not be asked for your credit card number until the end of the order process)

If you have any questions, please contact us at (310)829-4621 and we can walk you through the ordering process.

Thank you, Blair Graphics PlanWell Department (310)829-4621 [email protected]

Property: Tobias Terrace is a fully entitled multifamily development opportunity with the appropriate plans and engineering for two possible build-out scenarios. Please contact broker for instructions on how to access plans, reports, and entitlement documentation online for both build-out scenarios.

• 74 Apartment units: (includes 19 low-income units) with 143 parking spaces in one level on-grade garage. • 54 Condominium Units: VTTM 64006 (all market rate) with 143 parking spaces in one level on-grade garage.

Site Address:• 9256 Tobias Ave.• 9247-9357 Van Nuys Blvd.

Landowner: Southbrook Equities, LLC

Deal Structure: 21 day DD/COE TBD

SUBMIT ALL PROPOSALS/IQUIRIES TO: Evanisko Realty & Investment, Inc.

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

[email protected]@evaniskorealty.comwww.TheDevleopmentBrokers.com




Transaction Details12400 Ventura Blvd. #606

Studio City, CA 91604818.985.9700 Phone818.985.9703 Fax 20

the development brokers - evanisko realty

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