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On the Market: The Evolution of Foreclosure

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[The Hollywood Evolution, 1802 and 1810-1816 N. Whitely Ave; rendering via Stephen Kanner Architects. Click image for larger view.]

A new foreclosure sale has hit LoopNet. This property at the northeast corner of Whitley and Yucca, in lovely Whitley Heights, is "permit ready" allowing for construction to start today. The Hollywood Evolution, as the project may or may never be known as, was designed by Kanner Architects. Note the lovely nighttime rendering. Per the listing:

The (32) unit project mix includes (22) two bedroom, two bath units averaging 1,263 sq. ft., (3) three bedroom, two bathroom units averaging 1,437 sq. ft., (6) two bedroom, three bathroom plus mezzanine units with 18' plate heights averaging 1,445 sq. ft., and (1) three bedroom, three bath plus mezzanine unit with an 18' plate height of approximately 1,637 sq. ft. A pool as well as balconies and mezzanine decks compliment a very well amenitized project. The foreclosure auction is being held in Norwalk, next Wednesday, October 15th, for those of you with the cash. The minimum bid for the Evolution is $2,169,428.