1010 e. 25 street 90011 • opportunity zone • verified tier ... · 1010 e. 25th street 90011 •...

1010 E. 25th Street 90011 • Opportunity Zone • Verified Tier 3 • Existing Vacant SFR

1010 E. 25th Street 90011 • Opportunity Zone • Verified Tier 3 • Existing Non RSO

1.44 miles west

The perfect canvas for the multifamily developer and Opportunity Fund.

The Stats

Address1010 E. 25th St.

Los Angeles 90011

APN: 5131-026-022

Council District CD 9 Curren Price

Lot Area 6,246 SF

Zoning C2-2D-CPIO

Existing Vacant SFR

Phase 1 Environmental

Topo Survey

No Further

Investigation

TOC Tier 3

Max Density

Considering CPIO16 Units (AS TOC)

23 Units (as 100% Afford.)

Opp. Zone Yes

QCT/DDA QCT - 2020

Preliminary Title Report In DD Folder

Price $990,000 [$127/FT]

Crucial Items Due Diligence Checklist

50’ X 125’ Mid Block Lot / 17.5’ Width Rear Abutting Alley / Topo Survey in DD Folder

Main Driver: CPIO [Southeast Los Angeles Community Plan Implementation Overlay] As it

pertains to this site: 1:800 base density / 4 story 60’ height base / 1.5 FAR base – + TOC

RSO code enforcement case log from HCIDLA specifies that the structure on site is

approved as ONLY a SINGLE-FAMILY DWELLING

NO FURTHER INVESTIGATION RECOMMENDED /

Full Alpha Environmental Phase 1 Report In DD Folder

Verification ADM -2019-6901-TOC Dated 12/6/19 – Good for six months

In DD Folder

AS A TOC Project: 9 Unit Base + 70% (Tier 3) = 16 Units of which 2 will be Extremely Low

AS 100% Affordable: 23 Units Max [100% Affordable can use 1:300 density]

Link to Opportunity Zone Interactive Map:

https://www.cims.cdfifund.gov/preparation/?config=config_nmtc.xml

Qualified Census Tract. Advantageous to tax credit housing developers. A QCT or DDA

will allow for an increased overall project cost basis calculation aiding in tax credit

allocation amount potential.

Old Republic Title Dated 11/26/19.

No easements. No material exceptions. In DD Folder

$990,000 [$127/FT]

Contact: Ruben Oganesyan818.658.0056

[email protected]: 01925499

Contact: Frank Evanisko818.985.9700


Contact us to review in greater

detail any aspect of the due

diligence and/or to discuss

your offer.

https://www.cims.cdfifund.gov/preparation/?config=config_nmtc.xml

mailto:[email protected]


The massing depiction does not represent an actual set of plans. It serves

to represent the base allowable envelope in the CPIO (4 story) while

utilizing TOC to enhance FAR.

Three Viable Project Approaches:

1. Under a TOC project, you can reach 16 units (with 2 being designated as

Extremely Low) with as little as 8 parking paces.

2. Under a 100% affordable development you can reach 23 units as the CPIO will allow a density of 1:300 for 100% affordable projects.

3. Under a non-TOC market rate/non RSO project, you can build up to 9 units (1:800 base density) and 9,369 SF of total building area (1.5 base FAR).

Please contact us if needed to assist in reviewing all property and zoning implications in greater detail.


125’ Depth

50’

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25

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7.5

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lley





“The future of Los Angeles development is the single lot.”

8 Units – Not For Sale2 Units – Not For Sale

No Power Poles On Site Or Abutting



1.44 mi

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Statement of Purpose.

Since its inception in 2003, Evanisko Realty & Investment, Inc. has pursued themastery of a uniquely balanced implementation of commercial real estatebrokerage and strategic advisory services. The ability to play a concurrenttransactional and consultative role has established Evanisko as one of the mostvisionary strategic partners for stakeholders in transactions involving real estateslated for all forms of redevelopment in the Southern California marketplace.

Evanisko’s closed transactional resume spans dozens of Southern California zoningjurisdictions, project uses, and sizes with a special focus on exclusive landownerrepresentation in the marketing and sale of real estate slated for various forms ofhousing product types.

Adding value at every juncture.

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age areapproximate. Any elevation or rendering is provided for reference purposes only. A buyer must verify the information and bears all risk for any inaccuracies. All materials and information received or derived from the ListingBrokers, their directors, officers, agents, advisors, affiliates and/or any third-party sources are provided without representation or warranty as to completeness, veracity, or accuracy, condition of the Property, compliance or lackof compliance with applicable governmental requirements, developability or suitability, financial performance of the Property, projected financial performance of the Property for any party’s intended use or any and all othermatters. Neither Listing Broker nor their respective directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or informationprovided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determinethese and other matters of significance to such party. The Listing Brokers will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing. EACH PARTY SHALL CONDUCT ITSOWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE. Any party contemplating or in escrow for a transaction is urged to verify all information and to conduct its own inspections and investigations including throughappropriate third-party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriateindependent professionals. The Listing Brokers shall not serve as financial advisors to any party regarding any proposed transaction. All data and assumptions regarding financial performance, including that used for financialmodeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased tothat level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions, vacancy factors and other issues in order to determine rents or potential rents from or for the Property.Legal questions should be referred to an attorney. Tax questions should be discussed with a certified public accountant or tax attorney. Title questions should be referred to a title officer or real estate and/or land-use counsel.Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed with appropriate engineers, architects, contractors, other consultantsand/or governmental agencies.








1010 e. 25 street 90011 • opportunity zone • verified tier ... · 1010 e. 25th street 90011 •...

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