8811 Sepulveda Blvd.
Challenge: The site was uncommonly large but at a less than optimal location thus making it a challenge to finance. Additionally, a rapidly changing (increasing) cost environment made closing with a multifamily developer difficult.
Value Add: Evanisko managed two milestone-based escrows leading to final sale facilitating entitlement mechanisms along the way at a price over double what Evanisko’s brokerage predecessors had predicted.
Evanisko Represented: Seller Exclusively
$14,000,000
4.35 ACRES
IN NORTH HILLS
PRODUCT:
356 AFFORDABLE APARTMENT UNITS
