Land for Sale 10740 Studio City, Ca Zoned C2/ R1

MAJOR PRICE REDUCTION!

VENTURA BLVD LAND FOR SALE 10740 STUDIO CITY, CA ZONED C2/ R1

Lee & Associates® - LA North/Ventura, Inc. Corporate ID #01191898 A Member of the Lee & Associates® Group of Companies 15250 Ventura Blvd., Suite 100 Sherman Oaks, CA 91403 P:818.986.9800 F:818.933.0405 www.lee-associates.com No warranty or representation is made to the accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice. LAND FOR SALE | 10740 VENTURA BLVD, STUDIO CITY

For more information please contact: Stacy Vierheilig- Fraser PROPERTY SPECIFICATIONS: PROPERTY HIGHLIGHTS: Principal 818.933.0313 Asking Price: $6,250,000 • Freeway Visibility [email protected] BRE# 00986794 Lot Size: 24,713SF • Corner Location Ken Herbs Associate • Great Freeway Access 818.933.0331 Zoning: CR/P [email protected] C2 Approx. 15,953 SF includes alleyway which BRE# 01265157 has been vacated. • Across from the Park & Ride R1 Approx. 8,760 SF • Structures have been demolished

Lee & Associates® - LA North/Ventura, Inc. Corporate ID #01191898 APN: 2378-003-014 & 2378-005-024 A Member of the Lee & Associates® Group of Companies 15250 Ventura Blvd., Suite 100 Sherman Oaks, CA 91403 P:818.986.9800 F:818.933.0405 www.lee-associates.com No warranty or representation is made to the accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice. 63 POTENTIAL UNITS WITH TIER 3 TOC

DEVELOPMENT BY RIGHT DEVELOPMENT BY RIGHT

MAXIMUM FAR 1:1 1 space per 10 units for units 0-25; 1 spaces per SHORT TERM 15 unit for units 26-100; 1 spaces per 20 units for units 101-200; 1 spaces per 40 unit for units 201+ MAXIMUM HEIGHT Portions of Buildings in C or M zones with certain distances of RW1 or more restrictive zones shall FEET 30 FT not exceed the following limits: TRANSITIONAL STORIES 3 HEIGHT LIMITATIONS Distance (ft.) Height (ft.) 0-49 25 50-99 33 MINIUMUM SETBACKS 100-199 61 100 sq ft per unit with less than 3 habitable rooms REQUIRED OPEN FRONT 1.5 FT 125 sq ft per unit with 3 habitable rooms SPACE 175 sq ft per unit with more than 3 habitable rooms SIDE 1.5 FT; 5FT DEVELOPMENT POTENTIAL (WITH TOC OR DB)

BACK 20 FT MAXIMUM FAR 2.75:1 MAX BUILDABLE 9,381 SF AREA, FOOTPRINT MAXIMUM HEIGHT MAX BUILDABLE 15,636 SF AREA, ENVELOPE FEET 52 FT MAX DWELLING 36 UNITS STORIES 5 AFFORDABLE UNITS NONE REQUIRED MINIMUM SETBACKS

1 space per unit with less than 3 habitable rooms FRONT 1.5 FT 1.5 spaces per unit with 3 habitable rooms PARKING REQUIRED 2 spaces per unit with more than 3 habitable rooms 1 space per guest room (first 30) SIDE 1.5 FT; 5 FT

BUYER TO VERIFY 63 POTENTIAL UNITS WITH TIER 3 TOC

BACK 15 FT JURISDICTIONAL

MAX BUILDABLE AREA, FOOTPRINT 12,812 SF LEGAL DESCRIPTION Lots 14 & 15, Block 3, TR 4906

LAND USE General Commercial MAX BUILDABLE AREA, ENVELOPE 49,999 SF

AREA PLANNING South Valley MAX DWELLING UNITS 63 COMMUNITY PLAN AREA Sherman Oaks-Studio City-Toluca Lake-Cahuenga At least 10% for Extremely Low Income, or 14% for AFFORDABLE UNITS REQUIRED Very Low NEIGHBORHOOD COUNCIL Studio City PARKING REQUIRED Shall not exceed .5 space per unit RESTRICTIONS

REQUIRED BICYCLE PARKING RENT STABILIZATION No

1 space per unit for units 0-25; 1 spaces per 1.5 COMMUNITY DESIGN No LONG TERM units for units 26-100; 1 spaces per 2 units for units 101-200; 1 spaces per 4 units for units 201+ HISTORIC PRESERVATION No 1 space per 10 units for units 0-25; 1 spaces per SHORT TERM 15 unit for units 26-100; 1 spaces per 20 units for SPECIFIC PLAN Yes units 101-200; 1 spaces per 40 unit for units 201+ Q/T CONDITIONS No The building height limit shall be stepped-back at a 45 degree angle as measured from a horizontal D LIMITATIONS No TRANSITIONAL HEIGHT LIMITATIONS plane originating 25 feet above grade at the property line of the adjoining lot. COASTAL ZONE No

REQUIRED OPEN SPACE Up to 25% decrease in required open space COMMUNITY No

HILLSIDE AREA No

RIVER IMPROVEMENT Yes

OPPORTUNITY ZONE No

BUYER TO VERIFY AREA OVERVIEW | STUDIO CITY Studio City submarket is similarly characterized by media and entertainment and Urban Outfitters. There are pilates studios, yoga studios and barre studios and tenants and residents. It was here on a 20-acre campus that Mac Sennett set restaurants serving everything from sushi to organic farm fresh fare. The Shops at up a film studio in the 1920s. The campus later became CBS Studio Center, the Sportsman’s Lodge a 94,000 SF New Development. centerpiece of the Studio City real estate development. The Studio City Farmers Market, held each Sunday on a street just off Ventura Today Studio City is still a community for the entertainment industry, albeit those Boulevard, was named “Most Kid Friendly Farmers Market” by Los Angeles that prefer a more private and low-key lifestyle. It’s not unusual to see the likes of magazine for its petting zoo, pony rides, inflatable slides and other attractions for Selma Blair, Selena Gomez, Vanessa Hudgens or Katherine McPhee darting in or kids. out of Studio City’s main commercial street, Ventura Boulevard, to a local spa or These amenities, along with a luxury community of hillside homes with a median workout class. price of $1.6 million, have earned Studio City the No. 9 ranking (of 113) in Niche’s Studio City’s stretch of Ventura Boulevard is peppered with boutiques such as Best Neighborhoods to Live in L.A. and No. 20 “Best Neighborhoods for Millennials.” William B + Friends for women’s apparel, Architexture for home furnishings and StreetAdvisor.com ranks Studio City the No. 3 Best Neighborhood in L.A.” lifestyle store mag.pi, along with chain stores including Banana Republic, Sephora

For more information please contact: Lee & Associates® - LA North/Ventura, Inc. Corporate ID #01191898 A Member of the Lee & Associates® Group of Companies Stacy Vierheilig- Fraser Ken Herbs 15250 Ventura Blvd., Suite 100 Sherman Oaks, CA 91403 P:818.986.9800 F:818.933.0405 818.933.0313 818.933.0331 www.lee-associates.com [email protected] [email protected] No warranty or representation is made to the accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice. AREA OVERVIEW | UNIVERSAL CITY In Southern California, just over the Hollywood Hills, north of Los Angeles, at the Studios, CBS Studio Center, Pinkerton, and Wellpoint Health Networks. Our highly Gateway to the San Fernando Valley (Valley of the Stars) is the dynamic business educated workforce, well-developed infrastructure, hospitable climate, business- community of Universal City/North Hollywood and residential communities of North friendly municipal governments and strategic position along the Pacific Rim have Hollywood & Valley Village. Population 210,000. combined to facilitate the establishment of more than 50,000 small businesses. We are encouraged to note that literally thousands of these new businesses in our For generations, the San Fernando Valley has been the home of legends. Bob Hope, Valley are innovators in such emerging industries as multi-media, biotechnology Ron Howard, Gene Autry, Sally Field, Clark Gable, John Wayne, Tom Selleck and and communications. countless others have called the Valley, home. Today, we are also known for our corporate stars that have become business legends in their own right. Among those who make their home here are: Universal Studios Hollywood, Universal Studios & Music, The Walt Disney Company, Warner Brothers, DreamWorks SKG, NBC, Litton Industries, Boeing-Rocketdyne Propulsion and Power, Countrywide Credit, Academy of Television Arts & Sciences, Nestle USA, Nickelodeon Animation

Universal City is an unincorporated area within the San Fernando Valley region of Hilton. The Metro B Line underground station of the same name is located opposite Los Angeles County, California, United States. Approximately 415 acres (1.7 km²) the 10 Universal Plaza within and around the surrounding area is the property of Universal Pictures, one of the five major film studios in the United States: about 70 percent of the studio’s property is inside this unincorporated area, while the remaining 30 percent is within the Los Angeles city limits. Universal City is primarily surrounded by Los Angeles with its northeastern corner touching the city of Burbank, making the unincorporated area a county island.

Located within the area of Universal City is the Universal Studios Hollywood film studio and theme park, as well as the Universal CityWalk shopping and entertainment center. Within the Los Angeles city limits lies 10 Universal City Plaza, a 36-floor office building for Universal and NBC; the Sheraton Universal; and the Universal

1 MILE 3 MILE 5 MILE

POPULATION 19,442 188,535 653,681

DAYTIME POPULATION 27,213 210,528 731,536

MEDIAN AGE 39.5 39.2 38.7

AVERAGE HH INCOME $144,777 $123,504 $108,819

MEDIAN HH INCOME $86,153 $74,639 $66,280

WALK SCORE BIKE SCORE TRANSIT SCORE 93 74 100