Balboa Acres
Challenge: Property currently zoned R1-1 which is much less than it’s “rightful” utilization.
Value Add: Evanisko perfected an articulation of the imminence of a City-induced upzoning event for the site as part of the applicable community plan update as well as general likely specifications of this new zoning. Evanisko’s understanding of the trajectory of the update and many of the technicalities within the City’s new zoning code was instrumental in keeping the transaction on track and on time.
Evanisko Represented: Seller Exclusively
$13,900,000
4.28 ACRES
IN LAKE BALBOA
PRODUCT:
CHARTER SCHOOL AND RESIDENTIAL DEVELOPMENT
