OUR BRAND IDENTITY

Evanisko Realty & Investment, Inc. is a Los Angeles Land Broker.  A land broker in Los Angeles is a licensed real estate broker who specializes in the sale of real estate slated for different forms of re development.  Sometimes these properties will require demolition to make way for new structures that are more functional and useful by today’s standards.  Some of these redevelopments will include commercial structures and some will include new housing.  Evanisko most commonly sells property that will be redeveloped with single family homes, apartments, mixed-use buildings, affordable housing, and townhomes.  Sometimes these properties are vacant lots due to having never been developed, though in the urban Los Angeles area, most development occurs on parcels which will require some form of demolition and clearing action.  Land brokerage, in particularly the brokerage of urban land in a major city like Los Angeles, differs greatly from other forms of real estate sales for a couple of key reasons.  Most importantly, the valuation methodology for real estate slated for redevelopment is based on a hypothetical development outcome rather than the more transparent valuation methods afforded to the valuation of real estate predominated by functional existing structures.  Secondly, the transactional structure in which a redevelopment site is sold successfully varies much more greatly in time and complexity than selling, say a house or an apartment building.  In most transactional scenarios, Evanisko Realty & Investment, Inc. has devised unique escrow structures whereby a buyer is to pursue permitting actions prior to close to alleviate degrees of entitlement uncertainties.  This simple concept alone substantively increases valuation results for Evanisko’s clients.  Properties become development sites when the calculable value of their hypothetical development outcome(s) start to exceed the valuation of their existing structures by levels substantial enough to justify the perceived risks and downsides of managing the steps to execute these outcomes.  Evanisko Realty & Investment, Inc. has become a master Los Angeles Land Broker by leveraging expert knowledge of zoning, political policy, cultural trends, and real estate negotiating.  Evanisko Realty & Investment, Inc. typically provides exclusive seller representation in the marketing and transaction of properties that will be redeveloped.  Frank Evanisko founded the boutique firm in 2003 upon a realization his first year as a real estate agent selling apartment buildings that there weren’t any brokers in Los Angeles who claimed “land broker” as their core competency.