ADD EXHB 9 ex1a_19.htm EXHIBIT 1A-19

 

Exhibit 1A-19

 

A Proposed 43-Unit Apartment Building (Permits Ready to Issue)1310 S. Saint Andrews Place, Los Angeles, CA 90019

 

   

 

?Opportunity to develop 43 units consisting of 10 two bedroom/2 bath units, 28 one bedroom/1 bath units, and 5 singles.?The completed building may have an approximate value of $19 million, thereby generating Shareholder Value of around$12 million?The 13,141 sq. foot lot is fully entitled and just months away from attaining ready to issue (RTI) permits!?The building will feature subterranean parking, a beautiful lobby, elevator, bicycle room, and rooftop deck with a view of the city.A Proposed 43-Unit Apartment Building (Permits Ready to Issue)

 

   

 

Financial SummaryLand PurchasePermit Fees (To Be Paid)Total Cash Investment RequiredConstruction Rentable SQFTProjected Yearly Gross Rent IncomeOperating Expenses (Vacancy, Tax, etc.) Yearly Mortgage Payments$2,900,00.$ 100,000.$3,000,000.$6,600,000.26,862.$1,137,000.$190,000.$0.00

 

   

 

Development Sight

 

   

 

Aerial View

 

   

 

Demographics

 

   

 

 

   

 

Rent Roll?