Transcription
Entitled 39 Unit Development Opportunity
Terra Vista11847 W. Terra Vista WayLake View Terrace, CA 91342This brochure has been prepared to provide summary, unverified information to interested parties, and to establish only a preliminarylevel 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 theaccuracy 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 additional information and/or guidance pertaining to this opportunity.All offers and correspondence regarding this opportunity are to be directed to: Frank Evanisko and David Melaugh.(818) 985-9700 Fully entitled grading permit ready project Attractive product type and volume of units High residential development activity location within City of Los AngelesEvanisko Realty & Investment, Inc.
Sylmar210 FreewayTerra VistaDevelopment SiteLake View Terrace
Terra Vista11847 W. Terra Vista WayLake View Terrace, CA 91342 Ownership has retained Evanisko Realty & Investment, Inc. on an exclusive basis for the purpose of selling the Terra VistaDevelopment Site in its current state of development [Permit-Ready Grading Plans]. The site will afford a builder with the opportunity to deliver 39 detached condominium homes within the picturesque Lake View Terraceneighborhood of the San Fernando Valley [City of Los Angeles]. The site is positioned at the base of the Verdugo Mountains and will providesweeping mountain and city views to all its future residents. The project grading plans efficiently maintain the natural contour of the buildableportion of the site while providing several acres of adjoining open space. The resultant is a highly marketable for sale product which will provide aliving experience vastly unique to the City of Los Angeles. The site will be delivered with grading plans ready for permit. There are only architectural schematics at this juncture.authorized to immediately distribute the full due diligence package to qualified potential purchasers. APN: 2526-004-006, 007, 015 Land Area: 20.6 Acres Existing Improvements: Vacant Land Entitlements:1. Approved General Plan Amendment2. Approved Zone Change3. Approved Vesting Tentative Tract Map4. Permit-Ready Grading Plans Zoning: (T)(Q)RD6-1 and A2-1 Price: 4,000,000Property SummaryTopographic visual from Earth Calc. gradingsummary contained within DD Package 41,061 CY NET EXPORT 59,037 CY CUT 17,976 CY FILLBroker has been
11719 Terra VistaSold 12/30/10 550,0082,650 SF11715 Terra VistaSold 6/30/13 539,9972,860 SF11751 Terra VistaSold: 12/30/10 540,0062,560 SF11761 Terra VistaSold: 3/21/2013 531,9982,882 SFTerra VistaNewer homes directly adjacent to site11791 Terra VistaSold: 7/29/08 600,0002,650 SF
Newer homes directly adjacent to site
Terra Vista11847 W. Terra Vista WayLake View Terrace, CA 913421.Entitlement Documentation10.Additional City correspondence2.Soils11.Soils – Additional [Infiltration Test Report]3.Grading Plans12.SUSMP Plans4.B-Permit Plans13.Tree Report5.Final Map [DRAFT]14.Earth Calc Inc. Earthwork Summary6.Grading Plan Check Submittal and Correction Sheet15.Aerial Photo7.MND16.Bond Estimate8.Fees Paid17.Landscape Plans9.Quimby Fee Calculation18.SAR – Fire Service Pressure Flow Report* A link to the Due Diligence Package will be providedupon request.Due Diligence Inventory – Folder List
Terra Vista11847 W. Terra Vista WayLake View Terrace, CA 91342Units 1-219 Units [1,800 SF]13 Units [2,000 SF]Units 32-398 Units [2,100 SF]Units 22-3110 Units [2,900 SF]Unit Sizes
20.6 Acres Total
8 AcresOpen Space11.5 AcresProject Area1.1 AcresUndeveloped Project Area
Entitled 12 SFR LandDevelopment SiteNew Construction18 Detached Condo50% Sold OutNew Construction21 Detached CondoSold Out 2013New Construction 201379 Detached SFRSold Out - 2013Entitled 200 Unit Townhome CondoDevelopment SiteFor Sale/In ContractTerra VistaNewer Construction16 Detached SFRSold Out 2013New Construction 201257 SLO – Sold OutHansen Dam Golf CourseUnder Construction125 Detached CondoUnder Construction9 Detached SFRLand Sold 2013 1,850,000
Terra Vista11847 W. Terra Vista WayLake View Terrace, CA 91342Vesting Tentative Tract 62196
Terra Vista11847 W. Terra Vista WayLake View Terrace, CA 91342Evanisko Realty & Investment, Inc. has been retained on an exclusive basis by the owner to handle the marketing and sale of thisdevelopment opportunity.Commission: 1% will be offered to a cooperating broker (if any). Commission will not be shared with principals concurrently actingas brokers.Transaction Structure: TBDPrice: 4,000,000SUBMIT ALL PROPOSALS/INQUIRIES TO: frank@evaniskorealty.com, melaugh@evaniskorealty.comALL PROPOSALS WILL BE REVIEWED BY LANDOWNER AND BROKER AS RECEIVED.For additional information/guidance on this and other development opportunities contact: Evanisko Realty & Investment,Inc. (818) 985-9700www.TheDevelopmentBrokers.comTransaction Information
Lake View Terrace, CA 91342 . Unit Sizes Units 1-21 9 Units [1,800 SF] 13 Units [2,000 SF] Units 32-39 8 Units [2,100 SF] Units 22-31 10 Units [2,900 SF] Terra Vista 11847 W. Terra Vista Way Lake View Terrace, CA 91342 . 20.6 Acres Total . 8 Acres Open Space 1.1 Acres Undeveloped Project Area
