Sylmar - 37 Condo or Apartment Units Vacant Land

PRIME VALLEY LOCATION!

37 CONDOMINIUM UNITS

SYLMAR (City of Los Angeles), CA

	LOCATION:	13389 Hubbard Street, between Fenton and Wheeler Avenues, just north of the 210 Freeway in the Sylmar area of the city of Los Angeles. TG 482-C-3.
	APN/SIZE:	2510-019-012 = 43,560+/- SF.
	TOPO:	Basically flat.
	ZONE:	(T) (Q) RD 1.5-1VL. Approved TTM-066942 for a 37 unit attached condominium project over semi-subterranean garage (34 market rate units and 3 "very low income units") (see full package for details). BUYER TO VERIFY ZONING AND THAT IT WILL ALLOW BUYER'S INTENDED USE.
	STATUS:	As of January 2008, B-Permit Plans / Street and Sewer plans have gone through final check, but haven't been indexed. B-Permit plans / Street Light plans are still going through plan check and haven't been indexed. Building plans were completed and went through first plan check, but project was put on hold and plan check has since expired. Tentative Tract Map 066942 is value until December 2018.
	MISC:	Units should sell in the mid to high $200's. This is a prime first-time home buyer project or potential apartment location. Building is designed for condos or apartments.
	PRICE:	Asking $1,665,000 ($45,000/unit).
	CONTACT:	Deanne Boublis (DRE 0970999) at (818) 787-3077 for additional information.

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KOREK LAND COMPANY, INC.

15230 Burbank Blvd., Suite 101, Sherman Oaks CA 91411

Telephone: (818) 787-3077; Fax: (818) 787-9677

DRE 00861992