10247 VARIEL AVE,CHATSWORTH, CA 91311

OFFERING MEMORANDUM - $1,000,000

CHATSWORTH DEVELOPMENT OPPORTUNITY

VARIEL AVE

DEVONSHIRE ST

This Memorandum (“Offering Memorandum”) has been prepared by BRC

Advisors, Inc. based on information that was furnished to us by sources

we deem to be reliable. No warranty or representation is made to the

accuracy thereof; subject to correction of errors, omissions, change of

price, prior sale, or withdrawal from market without notice.

This Memorandum is being delivered to a limited number of parties who

may be interested in and capable of purchasing the Property. By its

acceptance hereof, each recipient agrees that it will not copy, reproduce

or distribute to others this Memorandum in whole or in part, at any time,

without the prior written consent of BRC Advisors, Inc., and it will keep

permanently confidential all information contained herein not already

public and will use this Confidential Memorandum only for the purpose of

evaluating the possible acquisition of the Property.

This Memorandum does not purport to provide a complete or fully

accurate summary of the Property or any of the documents related thereto,

nor does it purport to be all-inclusive or to contain all of the information,

which prospective buyers may need, or desire. All financial projections are

based on assumptions relating to the general economy, competition and

other factors beyond the control of the Owner and, therefore, are subject

to material variation. This Memorandum does not constitute an indication

that there has been no change in the business or affairs of the Property or

the Owner since the date of preparation of this Memorandum.

This Memorandum is being delivered by BRC Advisors, Inc., to prospective

purchasers with the understanding that all prospective purchasers will

conduct their own independent investigation of those matters, which they

deem appropriate in order to evaluate this offering. Additional information

and an opportunity to inspect the site will be made available to interested

and qualified prospective purchasers BRC Advisors, Inc., reserves the right

to request the return of any or all of the information enclosed.

OFFERING SUMMARY

DESCRIPT ION SPECIF ICATION

BRC ADVISORS

PRICE:

OWNERSHIP:

BUILDING SIZE:

LOT SIZE:

PRICE/SF ON LAND:

NUMBER OF BUILDINGS:

NUMBER OF UNITS:

NO. OF STORIES:

OCCUPANCY:

YEAR BUILT:

ZONING:

FRONTAGE:

MAJOR INTERSECTIONS:

PROPERTY TYPE:

APN:

$1,000,000

Fee Simple

1,316 sf

22,498 sf

$44/sf

1

1

1

100%

1926

LAP

75‘ on Variel Ave

Variel Ave & Devonshire St.

Single Family

2747-005-022

DEMOGRAPHICS

BRC ADVISORS

TRAFFICCOUNTS

AVERAGEAGE

AVERAGEHOUSEHOLD

INCOME

23,290 40.9 $100,836

POPULATION

352,6525 mile radius3 mile radius1 mile radiusDevonshire St & Variel Ave

Source: www.Costar.com

VARIEL AVE DEVONSHIRE ST

EXECUTIVE OVERVIEW

BRC ADVISORS

PROPERTY OVERVIEW BRC Advisors has been exclusively retained, as the listing agent for 10247 Variel Avenue, in the city of Chatsworth. This offering consists of a Single Family Residential home on a large lot. The size of the lot is 22,498 square feet zoned LAP. The house is occupied by a tenant, on a month to month tenancy. Behind the Single Family home is a parking lot, which is used for parking spaces for 21114 and 21112 Devonshire Street.

The site is more than half an acre of land and is ideal for a developer.

BRC ADVISORS

PLAT MAP

STREET MAP

BRC ADVISORS

BRC ADVISORS

AERIAL SATELL ITE MAP WITH LOCATION HIGHLIGHTS

DEVONSHIRE STREET

VARIEL AVEVARIEL AVE

NORTHIDGE FASHION CENTERCALIFORNIA STATE UNIVERSITY, NORTHRIDGE

CANOGA AVE

SUBJECT PROPERTY

This information has been secured from sources we believe to reliable, however we make no representation or warranties or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

ELIZABETH CLARK SENIOR VICE PRESIDENT

Beverly Hills Office9301 Wilshire Blvd., Suite 206

Beverly Hills, CA 90210310.525.3702 Office

310.740.7283 Cell310.421.4184 Fax

eclark@brcadvisors.comCal BRE: 01811246

CHRIS CHASINSENIOR ASSOCIATE

Beverly Hills Office9301 Wilshire Blvd., Suite 206

Beverly Hills, CA 90210310.698.7489 Office

310.729.5327 Cell310.807.9389 Fax

cchasin@brcadvisors.comCal BRE: 01789284