FOR SALE. Potential Development Site Santa Monica, CA The Development Brokers Ventura Blvd. #606 Studio City, CA 91604

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Ami Roberts
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1 FOR SALE The Development Brokers Ventura Blvd. #606 Studio City, CA Phone Fax

3 This brochure has been prepared to provide summary, unverified information to prospective buyers, and to establish only a preliminary level of interest in the subject property. 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. Property to be sold in AS-IS condition. Broker makes no representations as to the properties development potential and/or condition. All potential buyers must take appropriate measures to verify all of the information set forth herein by conducting their own due diligence and investigations. Please contact David Melaugh for additional information/guidance pertaining to this opportunity (818) Disclosure

has not verified, and will not verify, any of the information contained herein, nor has Evanisko Realty & Investment, Inc.

4 Page 5: Property Summary Page 6: Aerial View Page 7: Location Page 8: Santa Monica Zoning Page 9: Parcel Map Page 10: Land on the Market Page 11: Condo Sales Page 12: Transaction Details Table of Contents

5 Location: Vacant land 1 lot North of th St. General Description: Potential 5 unit project located South of the 10 Freeway in Santa Monica. The property is currently vacant land with no entitlements. The property has always been vacant and has never had any structure to our knowledge. Development Standards: The City of Santa Monica requires an affordable housing component for any development greater than 3 units. For the R2 zoning, this property would allow a by right 4 unit development (1 unit per 2,000SF). One of the affordable housing incentives the city offers is a bonus density. This would make the subject property a 6 unit development with 1 affordable unit reserved for very low income; or, a 5 unit development with 1 unit reserved for moderate income. Below is a link for the Affordable Housing Production Program which describes the bonus density and other possible scenarios. Affordable Housing Production Program: Santa Monica Planning Department: (310) APN: Zoning: SMR2 Total Land Area: 7,998 SF Existing Improvements: Vacant Land Site Dimensions: 160 ft x 50 ft Topography: Flat Utilities and off-sites: All to site Price: $500,000 Background: The site is located on a very quite, tree lined street in an area know as Sunset Park within the City of Santa Monica. The property is also very assessable to Pico Blvd, the 10 Freeway and many major thoroughfares providing public transportation. Families in the area have found great convenience in its close relation to both Grant Elementary School and the Virginia Ave Park. Santa Monica College is right up the street and is in its last faze of approval to become a Nationally Accredited College. Property Summary 5

Development Standards: The City of Santa Monica requires an affordable housing component for any development greater than 3 units.

6 10 Subject Property Aerial View 6

7 Location 7

8 Santa Monica Zoning 8

9 Parcel Map 9

10 Address: th Street APN: Zoning: R2 Lot Size: 7,998 Description: The property is currently a SFR with approved plans for a 5 unit condo development. Listing Price: $1,169,000 Address: th Street APN: Zoning: R2 Lot Size: 7,749 Description: Vacant land that has approved plans for a 5 unit condo development Listing Price: $989,000 Address: th Street APN: Zoning: R2 Lot Size: 7,497 Description: Vacant land that was previously being permitted for a 5 unit condo development. Listing Price: $675,000 Land on the Market 10

Listing Price: $1,169,000 Address: 1949 17th Street APN: 4274-015-020 Zoning: R2 Lot Size: 7,749 Description: Vacant land that has approved

11 Address: th Street Year Built: 2009 Description: New construction 6 unit townhome development. Units are 2 Bed 2.5 Bath aprox. 1,300 SF and priced from $755,00 - $790, units are available. Address: th Street Year Built: 2009 Description: New construction 5 unit townhome development. All units are 2 Bed 2.5 Bath and roughly 1,600 SF. 3 units have sold from $910,000 $820, units are available. Address: 2121 Virginia Ave Santa Monica, CA Year Built: 2010 Description: New construction 11 unit townhome development. Units range in size from 1,500 to 2,100 SF and are listed from $719,000 - $879, units are available. Condo Sales 11

Address: 1537 16th Street Year Built: 2009 Description: New construction 5 unit townhome development. All units are 2 Bed 2.5 Bath and roughly 1,600 SF.

12 Location: 1 lot North of th St. APN: Zoning: SMR2 [1 per 2,000 SF up to 4 units] with affordable housing component. Existing Improvements: None Entitlements and Due Diligence Information: There are no entitlements. Deal Structure: Seller will allow buyer up to 30 days to conduct their due diligence. Escrow closing date TBD. Deposit Amount: 3% of purchase price shall become non-refundable and credited against purchase price upon the expiration of Buyer s due diligence period. Price: $500,000 Commission: 2.5% Please contact David Melaugh for additional information/guidance pertaining to this opportunity. melaugh@evaniskorealty.com Transaction Details 12

Deal Structure: Seller will allow buyer up to 30 days to conduct their due diligence. Escrow closing date TBD.

Westchester Development Site 5669 W 78 th Street Los Angeles, CA 90045

Westchester Development Site 5669 W 78 th Street Los Angeles, CA 90045 Westchester Development Site q Prime corner lot within the Westchester neighborhood boundaries q Total lot size is 10,892 SF with a 981 SF single-family home structure q R1 zoned lot with potential to