Hollywood Hills Single Family Lots APN: 5556-016-016, 026,031, 032 Los Angeles, CA 90046
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Hollywood Hills Single Family Lots APN: 5556-016-016, 026,031, 032 Los Angeles, CA 90046 • Four [4] upslope lots located in the Hollywood Hills • Two of the properties are contiguous lots and can be developed into one SFR • Lots vary in size with a total land area of 21,897 SF • Prime area of the Hollywood Hills accessed from Franklin Avenue via Kings Road • Zoning: LAR1 - Baseline Hillside Ordinance • Conceptual Site Plan & Survey Available • Price: $400,000 Hollywood Hills Single Family Lots APN: 5556-016-016, 026,031, 032 Los Angeles, CA 90046 Subject Property Access point to future street extending to the property Evanisko Realty & Investment, Inc. BRE: 01383591 Hollywood Hills Single Family Lots APN: 5556-016-016, 026,031, 032 Los Angeles, CA 90046 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. Hollywood Hills Single Family Lots APN: 5556-016-016, 026,031, 032 Los Angeles, CA 90046 Page 5: Property Summary Page 6: New Construction Sale Comparable Page 7: Property Picture Page 8: Parcel Map Page 9: Transactional Guidance Table of Contents Hollywood Hills Single Family Lots APN: 5556-016-016, 026,031, 032 Los Angeles, CA 90046 • General Description: The subject properties are located in the Hollywood Hills and have a Southerly facing viewpoint. The future development of the property will require extending the road and utilities approx. .150’ ft. to the property line. Each of the four separate lots are up slopped topography and will accommodate head on views towards Hollywood and Downtown Los Angeles. The road that connects each of the lots is currently unimproved but has been designated as a future street by Los Angeles City Planning. • APN: 5556-016-016, 026, 031, 032 • Total Land Area: 21,897 SF • 5556-016-016: 7,084 SF • 5556-016-026: 3,430 SF • 5556-016-031: 5,371 SF • 5556-016-032: 6,012 SF • Zoning: LAR1 • All of the lots are located within the Baseline Hillside Ordinance [BHO] • Existing Improvements: Vacant Land • Topography: Hillside - Upslope • Entitlements: None • Conceptual Site Plan • Survey • Utilities: None • Street Improvements: None • Price: $400,000 Property Summary 5 Hollywood Hills Single Family Lots APN: 5556-016-016, 026,031, 032 Los Angeles, CA 90046 Active Sale Comparable #1 8661 Hillside Ave Los Angeles, CA 90069 • 3Bed/4Bath • Square Footage: 4,890 SF • Lot Size: 8,130 SF • Year Built: 2015 • Sale Price: $4,699,000 • Status: Active • Price per ft.: $1,083SF • Notes: Located adjacent to subject property Sold Comparable #1 8634 Hillside Ave Los Angeles, CA 90069 • 4Bed/3Bath • Square Footage: 2,567 SF • Lot Size: 4,919 • Year Built: 1978 (new remodel) • Sale Date: 2015 • Sale Price: $2,800,000 • Price per ft.: $1,090 • Notes: Located one street North of subject property Sold Comparable #2 8465 Franklin Ave Los Angeles, CA 90069 • 3Bed/3.5Bath • Square Footage: 2,572 SF • Lot Size: 6,341 SF • Year Built: 2014 • Sale Date: 2015 • Sale Price: $1,940,000 • Price per ft.: $754 • Notes: Steep Hillside property New Construction Sale Comparable 6 Hollywood Hills Single Family Lots APN: 5556-016-016, 026,031, 032 Los Angeles, CA 90046 Entrance to property via Kings Way Property Picture 7 Hollywood Hills Single Family Lots APN: 5556-016-016, 026,031, 032 Los Angeles, CA 90046 Unimproved Future Street Subject Property Parcel Map 8 Hollywood Hills Single Family Lots APN: 5556-016-016, 026,031, 032 Los Angeles, CA 90046 Subject Property Parcel Map 9 Hollywood Hills Single Family Lots APN: 5556-016-016, 026,031, 032 Los Angeles, CA 90046 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: $400,000 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 Transactional Guidance 10.