RTI : 10 MODERN HOMES, SMALL LOT SUBDIVISION

Transcription

1 OFFERING MEMORANDUM - $2,695,000 RTI : 10 MODERN HOMES, SMALL LOT SUBDIVISION 3361 ANDRITA STREET, GLASSELL PARK, CA 90065

2 This Memorandum ( Offering Memorandum ) has been prepared by BRC Advisors, Inc. based on information that was furnished to us by sources we deem to be reliable. No warranty or representation is made to the accuracy thereof; subject to correction of errors, omissions, change of price, prior sale, or withdrawal from market without notice. This Memorandum is being delivered to a limited number of parties who may be interested in and capable of purchasing the Property. By its acceptance hereof, each recipient agrees that it will not copy, reproduce or distribute to others this Memorandum in whole or in part, at any time, without the prior written consent of BRC Advisors, Inc., and it will keep permanently confidential all information contained herein not already public and will use this Confidential Memorandum only for the purpose of evaluating the possible acquisition of the Property. This Memorandum does not purport to provide a complete or fully accurate summary of the Property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information, which prospective buyers may need, or desire. All financial projections are based on assumptions relating to the general economy, competition and other factors beyond the control of the Owner and, therefore, are subject to material variation. This Memorandum does not constitute an indication that there has been no change in the business or affairs of the Property or the Owner since the date of preparation of this Memorandum. This Memorandum is being delivered by BRC Advisors, Inc., to prospective purchasers with the understanding that all prospective purchasers will conduct their own independent investigation of those matters, which they deem appropriate in order to evaluate this offering. Additional information and an opportunity to inspect the site will be made available to interested and qualified prospective purchasers BRC Advisors, Inc., reserves the right to request the return of any or all of the information enclosed.

3 OFFERING SUMMARY PROPERTY OVERVIEW DESCRIPTION Price: Ownership: Buildable Square Footage Price/SF of Buildable: Lot Size: Price/SF on Land: Price/Buildable Home: Proposed Number of Homes: Proposed SF of Each Unit: Development Status: Tenancy: Zoning: Frontage: APN: SPECIFICATION $2,695,000 Fee Simple 20,800 sf $130/sf 20,786 sf $130/sf $269, sf Ready to Issue Permit Vacant at Close LARD on Andrita St The three story, single-family homes have a fexible space on the ground level with a private entrance for home office, media or art studio.

4 DEMOGRAPHICS TRAFFIC COUNTS 10,126 Fletcher Dr & Andrita St AVERAGE AGE 38 5 mile radius AVERAGE HOUSEHOLD INCOME $79,771 3 mile radius POPULATION 842,192 5 mile radius Source:

5 AERIAL SATELLITE MAP SUBJECT PROPERTY CA2 - Glendale Freeway

6 AERIAL SATELLITE MAP DODGERS STADIUM DOWNTOWN LA SUBJECT PROPERTY ANDRITA ST WELDON AVE

7 PLAT MAP

8 STREET MAP SUBJECT PROPERTY

9 PROPERTY PHOTOS PROPERTY DEVELOPMENT RENDERING

10 S I TE PLA N B R C ADV I S OR S

11 SITE PLAN 2,350 SF 2,100 SF 2,100 SF 2,100 SF 2,350 SF 2,100 SF 2,100 SF 2,100 SF 1,750 SF 1,750 SF TOTAL 20,800 SF OF BUILDABLE TOTAL 4,700 SF UNIT A - 2,350 SF TOTAL 12,600 SF UNIT B - 2,100 SF TOTAL 3,500 SF UNIT C - 1,750 SF 4 Bedroom, 3 1/2 bath Outdoor living space/balcony: 220 sf Private Garden: 160 to 450 sf 3 Bedroom, 3 1/2 bath Outdoor living space/balcony: 140 sf Private Garden: 200 to 450 sf 2 Bedroom, 2 1/2 bath Outdoor living space/balcony: 150 sf Private Garden: 150 to 650 sf

12 UNIT A 4 Bedroom 3 1/2 Bath Indoor Living Space: 2,000 sf Outdoor Living Space / Balcony: 220 sf Combined Living Space: 2,220 sf Two Car Garage/ Storage: 320 sf Private Garden: 160 sf to 450 sf

13 UNIT A

14 UNIT A

15 UNIT A

16 UNIT B 2 Bedroom 3 1/2 Bath Indoor Living Space: 1,800 sf Outdoor Living Space / Balcony: 140 sf Combined Living Space: 1,940 sf Two Car Garage/ Storage: 308 sf Private Garden: 200 sf to 450 sf

17 UNIT B

18 UNIT B

19 UNIT C 2 Bedroom 2 1/2 Bath Indoor Living Space: 1,400 sf Outdoor Living Space / Balcony: 150 sf Combined Living Space: 1,550 sf Two Car Garage/ Storage: 320 sf Private Garden: 150 sf to 650 sf

20 UNIT C

21 UNIT C

22 ELIZABETH CLARK SENIOR VICE PRESIDENT Beverly Hills Office 9301 Wilshire Blvd., Suite 206 Beverly Hills, CA Office Cell Fax Cal BRE: DAVIS SAADIAN VICE PRESIDENT OF INVESTMENTS Beverly Hills Office 9301 Wilshire Blvd., Suite 206 Beverly Hills, CA Office Cell Fax Cal BRE: This information has been secured from sources we believe to reliable, however we make no representation or warranties or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.