BEACH BOULEVARD HUNTINGTON BEACH

Transcription

1 EXCLUSIVELY LISTED BY CHARLES DUNN COMPANY BEACH BOULEVARD HUNTINGTON BEACH PRESENTED BY: ALBERT R SHILTON Senior Managing Director License: ashilton@charlesdunn.com Tel: KATHRYN A PANANEN Sales & Marketing Coordinator License: kpananen@charlesdunn.com Tel: CHARLES DUNN COMPANY 1925 Century Park East, Suite 2350 Los Angeles, CA Tel: License:

2 THE OPPORTUNITY BEACH BOULEVARD HUNTINGTON BEACH The Charles Dunn Company and Team Shilton have been exclusively engaged and are pleased to present a 34,384 square foot development site located in Prime Huntington Beach. Situated at the North-West corner of the intersection of Beach Boulevard and Main Street, the Property is virtually at the entrance of Surf City USA. Since the City s adoption of the Beach and Edinger Corridors Specific Plan on March 1, 2010, development in Huntington Beach has grown tremendously and garnered attention and activity from some of the largest players in the multifamily development industry. Several factors make the area attractive to not the least of which is the miles of pristine beaches punctuated by development of retail projects that serve the area. The subject Property may be ideally suited for a multi-residential project of less than 20 units based on new criteria that is being developed by the Department of Building and Safety and expected to be approved by City Council in mid-march Huntington Beach is growing by leaps and bounds and is peppered with new projects that create synergy and substantiate the potential for further development. Some of these projects include Pacific City on Pacific Coast Highway, the expansion of the Hilton Hotel near the Pacific City project, the Huntington Beach Lofts located on Center Avenue and Gothard, Boardwalk, the Pedigo Apartments, Parkside Estates, Oceana, the Pierside Pavilion and others. This Property presents investors the opportunity to build a new project that will benefit from the energy created by projects throughout the City.

3 PROPERTY INFORMATION

4 PROPERTY SUMMARY Charles Dunn Company has been exclusively retained by the Owner in connection with the sale of Beach Boulevard, a highly desirable residential, mixed-use or commercial development opportunity located within the City of Huntington Beach in Orange County, California. The Property is well located on Beach Boulevard, a prime commercial thoroughfare and situated within the Neighborhood Boulevard Segment of the Beach-Edinger Specific Plan. Offering Price $2,300,000 Site Address Beach Boulevard Huntington Beach, California Assessor s Parcel Number Total Approximate Lot Size Current Zoning Shape Grade Current Use Proposed Use ± 34,284 (0.79 Acres) Per Beach-Edinger Specific Plan L-Shaped Flat Vacant Lot Residential or Mixed-Use Development Site Investment Highlights Highly desirable Huntington Beach with frontage on Beach Boulevard Site features entrance frontage on Beach Boulevard yet provides offstreet privacy for future residents if the site were to be developed into an apartment community Situated within the Neighborhood Boulevard Segment of the Beach- Edinger Specific Plan Approximately 1.5 miles to the 405 Freeway (Warner Avenue Exit) Minutes from the beach 4

5 NEIGHBORHOOD MAP 5

6 REGIONAL MAP 6

7 AERIAL MAPS 7

8 PLAT MAP N 8

9 EXISTING MULTIFAMILY PROPERTIES NEARBY CASA LYON THE MONTEREY 6551 Warner Avenue HUNTINGTON CONTINENTAL Springdale Street CALIFORNIAN FOUNTAIN 6242 Warner Avenue AVALON AT PACIFIC BAY 6700 Warner Avenue REGENCY PALMS 6762 Warner Avenue BEACHPOINT 7912 Beachpoint Circle ARCHSTONE 8945 Riverbend Drive BEACHWOOD VILLAGE Magnolia Street HUNTINGTON VILLAS Viewpoint Lane 9

10 RECENT DEVELOPMENT IN HUNTINGTON BEACH 10

11 NEARBY RETAIL & PUBLIC RESOURCES Subject Property 11

12 Warner Ave. Slater Ave. Tablert Ave BEACH BOULEVARD CORRIDOR CENTERS AND SEGMENTS MAP BEACH EDINGER SPECIFIC PLAN Fig. 2.1 Corridor Centers and Segments Map Main St. (T5) (T5) (T5) (T4) (T4) (T3) Town Center - Core Town Center - Neighborhood Neighborhood Center Town Center Boulevard Segment Neighborhood Boulevard Segment Neighborhood Parkway Segment Residential Parkway (T3) Segment Residential Transition (T3) Zone Corner Entry Required (see section 2.4.3) Specific Plan Area Boundary * Specific Public Open Space (see section 2.6.2) Residential Required (see section 2.1.4) Goldenwest St. Gothard St. Railroad Tracks * N e St. Gareld Ave. Ellis Ave. W BEACH BOULEVARD HUNTINGTON BEACH, CA Newman Ave. Terry Dr. Heil Ave. Beach Blvd. N Edinger Ave. I-405 1, ,000 2,000 Feet a) Parcels with a single Designation All development on parcels, assembled parcels, or portions of allocated in a single Corridor Centers or Segment must conform to the development standards that apply to that corridor or segment. b) Split Parcels: i) Where Corridor Centers and Segments or Plan Area Boundaries appear to connect between parcel lines of adjacent properties as shown on the Fig.2.1. Corridors Centers and Segments Map, the boundary shall be determined by the Planning and Building Director/ Designee as measured on a scaled version of the Corridors Centers and Segments Map. ii) Each portion of the Split Parcel shall be regulated by the applicable Corridor Centers or Segment. 4) Development Standards Charts i) The development standards applied to each Corridor Center and Segment are contained in the Development Standards Charts contained in ii) Each chart lists Regulations in the order that they appear in section in the left column of the chart. iii) Each chart lists the Development Standards that apply to each Regulation in the right column of the chart. 5) Regulations and Guidelines i) Remember to review Regulatory Definitions, General Requirements, and Guidelines common to all properties within the Plan Area contained in sections as necessary. TO LEARN MORE ABOUT THE HUNTINGTON BEACH BEACH-EDINGER SPECIFIC PLAN, PLEASE VISIT THE CITY WEBSITE 12

13 BEACH EDINGER SPECIFIC PLAN TOWN CENTER NEIGHBORHOOD Corner Entry Required (see section 2.4.3) * Specific Public Open Space (see section 2.6.2) Residential Required Goldenwest St 2.2 Building Use Regulati Use Types 1) Retail a) Specialty Goods Anchors b) Community Oriented An c) Entertainment Anchors d) Eating & Drinking Estab Gothard St Railroad Tracks Edinger Ave * Main St e) Specialty Goods & Foods f) Entertainment & Recreat g) Convenience Uses h) Business Services i) Personal Services j) Personal Enrichment Ser k) Service Commercial & R l) Large Scale Commercial Garfield Ave Beach Blvd Ellis Ave Symbol: These elements are allowed, by right, unless otherwise specified in Section Use Types --- Not Not applicable These are elements of all new development as indicated conditional Requires a conditional use permit Limitations apply as specified in section limited Private Frontage Types Development shall not exceed the height of housing across the street plus the number of plus stories indicated (see section Special Building Height Limits) Permitted in a Corner Store configuration CS (see section Special Retail Configurations) Permitted in a Neighborhood Center configuration (see section Special Retail NC Configurations) Required for Priority Projects / Encouraged PP / N-PP for Non-Priority Projects (see section Stormwater BMP Types) (A) Exceptions apply to anchor retail buildings (M) As shown on the Fig 2.1 Districts Map Special Conditions: (C1) Ground floor allowed (C2) Upper floors only N Beach Blvd Development Standards Charts Legend: (C3) Parkway Landscaping along Beach Blvd. (C4) Side, and rear yards shall consist of heavy screening (see section 2.6.7) (C5) With shopfront (C6) Or 20% of parcel depth whichever is smaller (C7) Limited to the expansion of existing uses (C8) For development over 20,000 sf of building area For development over 20 dwelling units or lodging rooms (C9) Courtyard buildings may exceed the indicated (C10) length as defined in Building Length The number of spaces provided must include at (C11) least one space for each student A minimum of 1 guest space / 10 DU requires a (C12) conditional use permit Up to 6 stories with a CUP if on same site with (C13) existing buildings of same or greater height Up to 14 stories with a CUP if property is within (C14) 500 ft. of I-405 Location: (L1) On Beach Blvd. (L2) On Edinger Ave. (L3) On Main St. (L4) On Ellis Ave. and Delaware St. (L5) South of Atlanta Ave. (L6) Between Ellis Ave. and Adams Ave. (L7) North of Ellis Ave. (L8) On Gothard St. I-405 1, ,000 2,000 (L9) On Ash St. and Cypress Ave. (L10) On Warner Ave. Feet Use: (U1) For residential development with 3 or more units (U2) Live Entertainment and Dancing not (U3) Large Scale Specialty Goods and Foods Only (see section 2.2.1) (U4) Movie Theaters not (U5) Ground floor Health & Exercise Clubs are conditional (U7) Only Health & Exercise clubs (U8) Only Gas Stations (U9) Residential Required as Shown on Map Signs: (S1) (S3) (S4) (S5) (S6) (S7) Exceptions apply for changeable copy & other sign variations, see section 2.9.Signage Regulations 50% shall be allowable during the month of December Must occur as tower format For churches, schools, and commercial recreation uses within public parks, maximum area of 32 sqft and maximum height of 6 ft Signs are restricted to corner stores only Signs are at entrances to multi-family buildings m) Vehicle Sales 2) Civic & Cultural 3) Office a) Professional Services b) Medical Services 4) Lodging 5) Live Work 6) Residential a) Multi-Family w/ Commo b) Multi Family w/ Individu c) Attached Single Family d) Detached Single Family Special Retail Config a) Neighborhood Center b) Corner Store c) Drive-through Affordable Housing or not 2.3 Building Sc Regulation Building Height minimum height maximum height Special Building He Edinger/Beach/Main Across the Street From Housin Adjacent to Housing Building Length maximum Special Building Len Limited Corner Building - ma Limited Mid-Block Building Building Massing - P Length : Height - Edinger/Beach Length : Height - All other stree 13

14 BEACH-EDINGER SPECIFIC PLAN DEVELOPMENT STANDARDS CHARTS ypress Ave. velopment with 3 or more units nt and Dancing not ialty Goods and Foods Only (see ot lth & Exercise Clubs are ercise clubs red as Shown on Map for changeable copy & other e section 2.9.Signage Regulaable during the month of ower format ools, and commercial recreation parks, maximum area of 32 sqft ight of 6 ft d to corner stores only d at entrances to multi-family 2.2 Building Use Regulations Standards Use Types 1) Retail a) Specialty Goods Anchors --- b) Community Oriented Anchors NC c) Entertainment Anchors --- d) Eating & Drinking Establishments (L1 & L3) only e) Specialty Goods & Foods (L1 & L3) only f) Entertainment & Recreation (U7) g) Convenience Uses CS or (L1, L3, L8) only h) Business Services i) Personal Services j) Personal Enrichment Services k) Service Commercial & Repair (U8): conditional AND L1/L3 only l) Large Scale Commercial Goods --- m) Vehicle Sales --- 2) Civic & Cultural 3) Office a) Professional Services b) Medical Services 4) Lodging 5) Live Work 6) Residential a) Multi-Family w/ Common Entry (U9) b) Multi Family w/ Individual Entries (U9) c) Attached Single Family (U9) d) Detached Single Family Special Retail Configurations a) Neighborhood Center (L1 & L3) only b) Corner Store c) Drive-through Affordable Housing Requirement or not (U1) 2.3 Building Scale Regulations Standards Building Height minimum height 2 stories maximum height 6 stories Special Building Height Limits Edinger/Beach/Main 4 story max (L1, L3) Across the Street From Housing plus 2 story max Adjacent to Housing Building Length maximum 300 ft Special Building Length Limits Limited Corner Building - maximum 120 ft (C10) Limited Mid-Block Building - maximum 80 ft (C10) Building Massing - Primary Volume Proportions Length : Height - Edinger/Beach/Main 3L:2H to 5L:2H Length : Height - All other streets 1L:3H to 3L:1H Frontage & Building Placement Regulations Standards Building Orientation to Streets & Public Open Space or not Private Frontage Types 3) Private Frontage Specification a) Shop-Front Shopfront Length - maximum 50 ft Tenant Length - maximum 50 ft Articulation Length - maximum 50 ft b) Corner Entry, (M) c) Arcade d) Grand Portico e) Forecourt f) Common Lobby Entry g) Stoop h) Porch --- i) Front Door --- j) Edge Treatment: Fenced --- k) Edge Treatment: Terraced l) Edge Treatment: Flush Front Yard Setback minimum / maximum - Beach 0 ft / 10 ft minimum / maximum - Main 0 ft / 5 ft minimum / maximum - all other streets 0 ft / 15 ft Side Yard Setback min w/ living space windows 10 ft min w/out living space windows 0 ft Rear Yard Setback minimum 10 ft Alley Setback minimum 5 ft Frontage Coverage minimum - Edinger/Beach/Main 90% minimum - all other streets 90% Space Between Buildings minimum 20 ft Build-to-Corner or not 2.5 Street Regulations Standards Improvements to Existing Streets 4) Palm Tree Boulevard a) Typical Configuration (L1) 6) Standard Avenue (L3) 7) Neighborhood Streets except (L1, L3) Provision of New Streets - (see section 2.5.2) Block Size Maximum Block Size 2400 ft Maximum Edinger Block Face Street Connectivity or not Required East-West Street Connection or not Residential Transition-Boundary Street or not Street Types (New Street Design) 1) City Street 2) Public Open Space w/ City Street 3) Neighborhood Street 4) Public Open Space w/ Neighborhood St. 5) Alley

15 BEACH-EDINGER SPECIFIC PLAN DEVELOPMENT STANDARDS CHARTS 2.6 Open Space Regulations Standards Provision of Public Open Space 1) Retail 50 s.f. / 1000 s.f. (C8) 2) Civic & Cultural 3) Office 100 s.f. / 1000 s.f. (C8) 4) Lodging 30 s.f. / room (C9) 5) Live Work 50 s.f. / unit (C9) 6) Residential 50 s.f. / unit (C9) Special Public Open Space (M) Provision of Private Open Space 1) Retail 2) Civic & Cultural 3) Office 4) Lodging 5) Live Work 6) Residential a) Attached & Multi-Family 60 s.f. / unit b) Detached Single-Family Homes Public Open Space Types 1) Park 2) Linear Green 3) Square 4) Plaza 5) Mid-Block Green 6) Courtyard Plaza 7) Passage/Paseo 8) Pocket Park/Playground Private Open Space Types 1) Courtyard 2) Private Yard 3) Porch --- 4) Rooftop Deck or Garden 5) Balcony Stormwater Management Best Management Practices or not Stormwater BMP Types Source Control BMPs Site Design BMPs Treatment Control BMPs PP / N-PP Open Space Landscaping or not Setback Area Landscaping Types 1) Perimeter Block Setback Areas a) Sidewalk Extension ; (C5) b) Parkway Landscaping --- c) Boulevard Landscaping (L1 except C5) d) Neighborhood Street Landscaping 2) Interior Block Setback Areas a) Groundcover b & c) Moderate or Heavy Screening 2.7 Parking Regulations Standards Provision of Parking 1) Retail Anchors 2) Eating & Drinking Establishments 4 min / 10 max within 500 feet 3) Specialty Foods / Goods 3 min / 4 max within 500 feet 4) Entertainment & Recreation 5) Convenience Uses 3 min / 4 max within 500 feet 6) Personal & Business Services 3 min / 5 max within 500 feet 7) Presonl Enrichment Services 5 max (C11) within 500 feet 7) Commercial Goods & Vehicle Sales 8) Civic & Cultural 3 min / 4 max within 500 feet 9) Office - Professional 2.5 min / 3.5 max within 200 feet 10) Office - Medical 4.5 min / 5.5 max within 200 feet 11) Lodging spaces per guest room 1 min / 1.2 max within 200 feet 12) Live-Work spaces per unit 1 min / 1 max spaces per employee 0 min / 1 max within 200 feet 13) Residential Uses spaces per studio unit 1 min / 1 max spaces per 1br unit 1 min / 1.5 max spaces per 2br+unit 1.5 min / 2 max guest spaces per 10 units 2 min / 3 max (C12) on site 14) Neighborhood Center Exceptions 0 min / 3 max 15) Corner Store Exceptions 0 min on street only Parking Types 1) Surface Lot - Front --- 2) Surface Lot - Side --- 3) Surface Lot - Rear 4) Surface Lot - Exposed --- 5) Structure - Exposed --- 6) Structure - Wrapped: Ground Level 7) Structure - Wrapped: All Levels 8) Partially Submerged Podium 9) Structure - Underground 2.8 Architecture Regulations Standards Facade Height Articulation Regulations Top Base 2.9 Signage Regulations Standards Freestanding Sign Setbacks (see section 2.9.1) Total Sign Area (see section 2.9.2) Sign Type Regulations Grand Projecting Sign --- maximum height Marquee Sign --- maximum number of faces maximum area Wall Sign maximum size 200 s.f. (S1 & S5) Monument Sign & Ground Sign maximum number of faces 2 maximum height 6 ft maximum area 48 s.f. (S1) secondary sign --- bonus sign 24 s.f. Pole Mounted Sign & Tower Sign --- maximum number of faces maximum height secondary sign bonus sign maximum area secondary sign bonus sign Projecting Sign maximum area 8 s.f. Awning Face Sign maximum area 20 % of awning face Awning Valance Sign lines of lettering 1 letter height (whichever is less) 2/3 valance height : 8 in Awning Side Sign lines of lettering 1 letter height 8 in Canopy Fascia Sign maximum height (whichever is less) 2/3 fascia height : 12 in maximum width 2/3 canopy width lines of lettering 1 Above Canopy Sign maximum height (whichever is less) 1 1/2 fascia height : 24 in maximum width 2/3 canopy width lines of lettering 1 Café Umbrella Sign maximum area Recessed Entry Sign maximum area 20 s.f. Window Sign maximum area 20% of window (S3) 2.7 Parking Regulations Note: The maximum number of parking spaces only applies to parking spaces that are provided in surface parking lots. 15

16 MARKET OVERVIEW

17 EXECUTIVE HUNTINGTON SUMMARY BEACH OVERVIEW THE PROPOSED DEVELOPMENT HUNTINGTON BEACH IS CENTRALLY LOCATED ON the coast of northwest Orange County, approximately 40 miles south of Los Angeles and 90 miles north of San Diego and covers approximately 28 square miles. The City is home to 10 miles of uninterrupted beach and a unique surf break that provides consistent and impressive swells year round, earning it the moniker Surf City, USA and bringing in nearly 16 million visitors annually. The thriving coastal community boasts a population of almost 200,000 residents and 261,678 residents living within a 5 mile radius of the Pacific Coast Highway and Main Street district. Demographically, the city benefits from high education levels, median home values, and strong income levels, with an average annual household income of more than $100,000. The city also boasts low crimerates and is ranked as one of the safest cities in the country. Consistently named among the most popular beaches in the US, Huntington Beach is a premier beach and surf destination in Southern California and home to some of the most famous national and international surf, skateboard, and BMX competitions. One of the most significant annual events is the US Open of Surfing - the world s largest surf competition, which draws surfers and fans from around the world to the vibrant Downtown district in Huntington Beach. HB at a Glance TOTAL POPULATION 194,708 LAND AREA 26.7 Square Miles PERSONS PER HOUSEHOLD 2.57 AVERAGE HOUSEHOLD INCOME $102,366 TOTAL HOUSING UNITS 79,545 EDUCATION (25 years +) High School Graduates or Higher % Some College or Higher % College Degree or Higher % *Source: huntingtonbeachca.gov 17

18 HUNTINGTON BEACH DEMOGRAPHICS 1 Mile Ring 2 Mile Ring 3 Mile Ring POPULATION TREND 2000 Total Population 25,238 93, , Total Population 25,985 94, , Total Population 26,890 97, , Total Population 28, , ,208 HOUSEHOLDS TREND 2000 Total Households 9,494 33,210 69, Total Households 9,882 34,225 70, Total Households 9,942 34,492 70, Total Households 10,461 36,229 74,435 POPULATION CHANGE TREND 2000 to 2010 Population Change 3.0%.5%.6% 2000 to 2014 Population Change 6.5% 3.9% 4.3% 2010 to 2019 Population Change 9.1% 8.8% 9.2% 2014 to 2019 Population Change 5.4% 5.3% 5.2% HOUSEHOLD CHANGE TREND 2000 to 2010 Household Change 4.1% 3.1% 1.3% 2000 to 2014 Household Change 4.7% 3.9% 2.2% 2010 to 2019 Household Change 5.9% 5.9% 5.9% 2014 to 2019 Household Change 5.2% 5.0% 4.9% 2013 RACE White alone 71.0% 70.9% 71.4% Black or African American alone 1.1%.9%.9% Asian alone 14.4% 14.5% 16.3% Other Race 13.4% 13.6% 11.4% Average Household Size Households 9,942 34,492 70,981 Owner Occupied 51.0% 60.7% 62.1% Renter Occupied 49.0% 39.3% 37.9% Median Home Value $594,740 $631,255 $627,274 Average Home Value $611,760 $654,590 $647,611 18

19 CONTACT INFORMATION

20 FOR ADDITIONAL INFORMATION PLEASE CONTACT: ALBERT R SHILTON Senior & Managing Director License: ashilton@charlesdunn.com Tel: KATHRYN A PANANEN Sales & Marketing Coordinator License: kpananen@charlesdunn.com Tel: CHARLES DUNN COMPANY 1925 Century Park East Suite 2350 Los Angeles, CA Tel: Fax: License: These materials are based on information and content provided by others which we believe to be accurate. No guarantee, warranty or representation is made by the Charles Dunn Company, its agents, or its personnel, and all interested parties must independently verify its accuracy and completeness. As well, any projections, assumptions, opinions, or estimates are used for example only and do not represent the current or future performance of the identified property. Your tax, financial, legal and toxic substance advisors should conduct a careful investigation of the Property and its suitability for your needs, including land-use limitations. 20