EAST VILLAGE DEVELOPMENT OPPORTUNITY

Transcription

1 0.43 Acre Lot with Existing Structure Mixed Commercial Zoned (Centre City Planned District) F.A.R. Base 3.0 Max 4.0 Max Height 85 Feet ASKIG PRICE: $5,336,000 orth Embarcadero South Embarcadero DOWTOW SA DIEGO HARBOR DR COMMERCIAL ST ATIOAL AVE LOGA AVE

2 PAGE COTET 3 AERIAL 7 LOCATIO MAP 8 IFO 9 PLAT MAP 10 EAST VILLAGE LAD COMPARABLES 11 EW HOME & RESALE COMPARABLES ATIOAL AVE COMMERCIAL ST 12 DEMOGRAPHICS o warranty or representation is made to the accuracy of the foregoing information. Terms of sale, lease and availability are subject to change or withdrawal without notice. 2

3 AERIAL ATIOAL AVE 3

4 AERIAL COMMERCIAL ST ATIOAL AVE 4

5 AERIAL COROADO BRIDGE Crosby Street Park HARBOR DR Chicano Park ATIOAL AVE Monarch School LOGA AVE 5

6 AERIAL Chicano Park COROADO BRIDGE Crosby Street Park HARBOR DR COMMERCIAL ST SIGSBEE ST 17TH ST IMPERIAL AVE ATIOAL AVE 6

7 LOCATIO MAP OCEA BEACH MISSIO VALLEY LA MESA SA DIEGO POIT LOMA COROADO ATIOAL CITY SA DIEGO BAY 78 Imperial Ave 17th St 19th St 20th St CHULA VISTA SA DIEGO COUTRY ESTATES Commercial St S 16th St ational Ave Logan Ave ewton Ave Sigsbee St 7

8 IFO FEATURES LOCATIO: JURISDICTIO: The property is located at 1540 ational Avenue in the City of San Diego, CA. Approximately 1 1/2 blocks west of Interstate 5 this site provides convenient access to all of East Village and the Gaslamp, including Petco Park, the Convention Center and the Bay Front. City of San Diego AP & LOT SIZE: ,000 SF ,000 SF ,311 sf ,664 SF Vacated Street 1,750 SF Total = 18,725 SF COMMERCIAL ST TOPOGRAPHY: ZOIG: Flat Mixed Commercial (Centre City Planned District) ATIOAL AVE FLOOR AREA RATIO: Base 3.0 Max 4.0 with all incentives BUILDIG HEIGHT: Min. 45 Max 85 LOT COVERAGE: Max 100% SERVICES: Water/Sewer City of San Diego Public Utilities Electricity/atural Gas San Diego Gas & Electric Fire San Diego Fire Department Police San Diego Police Department SCHOOL DISTRICT: San Diego Unified School District ASKIG PRICE: $5,336,000 CLICK O DOCUMET LIKS BELOW ALLEY VACATIO CETRE CITY PLAED DISTRICT FLOOR AREA RATIO MAPS LAD USE MAP EIGHBORHOODS MAP SEISMIC MAP 8

9 PARCEL MAP 9

10 th Ave Prime East Village Development Site SOLD Park Blvd SOLD San Diego, CA San Diego County San Diego, CA San Diego County EAST VILLAGE LAD COMPARABLES Recorded Buyer: Capexco East Village LP True Seller: Av SE Calgary, AB T2G 2A5 True Buyer: Capexco Inc. Sale Date: 01/18/2018 (134 days on mkt) Land Area: 0.34 AC (14,810 SF) Sale Price: $6,174,000 Lot Dimensions: 100x100 $/AC Land Gross: $18,298, ($420.09/SF) Proposed Use: Mixed Use... Density: Topography: Level Zoning: Sale Conditions: CCPDR Parcel o: , , Financing: Down payment of $1,174,000 (19.0%); $5,000,000 from Loan Company of San diego Comp ID: Research Status: In Progress th St 17th & G SOLD San Diego, CA San Diego County Recorded Buyer: East Village PSH LP Recorded Seller: Investments Unlimited Phoenix LLC Evening Creek Dr San Diego, CA Sundown Hill Ave Las Vegas, V True Buyer: Affirmed Housing Group, Inc Sale Date: 01/04/2018 (120 days on mkt) Land Area: 0.26 AC (11,326 SF) Sale Price: $3,400,000 Confirmed Lot Dimensions: $/AC Land Gross: $12,878, ($295.65/SF) Proposed Use: Commercial... Density: Topography: Level Zoning: Sale Conditions: RCX, San Diego Map Page: Thomas Bros. Guide 1289C3 Recorded Buyer: F11 San Diego Apartments Llc Recorded Seller: Rlp & Lpep Lp 340 Pemberwick Rd Greenwich, CT True Buyer: The Richman Group Development Corp. Sale Date: 05/05/2016 Land Area: 0.56 AC (24,394 SF) Sale Price: $7,000,000 Full Value Lot Dimensions: $/AC Land Gross: $12,499, ($286.96/SF) Proposed Use: Density: Topography: Zoning: Sale Conditions: Parcel o: , , , Financing: Down payment of $0 (0.0%); $27,000,000 from PC Bank, A Comp ID: Research Status: Full Value C Redevelopment Project Parcel o: Financing: Comp ID: $3,230,000 from Private Lender Research Status: Confirmed Market St Salazar's Taco Shop SOLD San Diego, CA San Diego County Recorded Buyer: Robert O & Masako H Burggraf Recorded Seller: Salazar Frank & B Trust 2350 S Milliken Ave Ontario, CA Hidden Mesa Rd Ontario, CA (909) True Buyer: Robert O & Masako H Burggraf Sale Date: 01/02/2018 Sale Price: $4,200,000 Confirmed $/AC Land Gross: $13,547, ($311.02/SF) Bldg Type: RetailRestaurant Year Built/Age: Built 1973 Age: 45 GLA: 3,300 SF Land Area: 0.31 AC (13,504 SF) Parcel o: Financing: Comp ID: Research Status: Confirmed Copyrighted report licensed to Lee & Associates /7/2018 Copyrighted report licensed to Lee & Associates /7/

11 EW HOME COMPARABLES SALES COMPARABLES Project Builder Open Product Min Unit Max Unit Min Max Min $/SF Max $/SF Total Units Total Units Total Sales Sale Rate Zip ame ame City Date Type Size Size Price Price Planned Sold Remaining Rate L3M Lat Long Code Pacific Gate Bosa Development San Diego 2/19/2016 Attached 1,276 2,315 $1,300,000 $2,800,000 $1, $1, Savina Bosa Development San Diego 6/24/2017 Attached 719 2,334 $550,000 $3,380,000 $ $1, West Icon Properties San Diego 7/29/2016 Attached 1,408 3,955 $999,000 $4,500,000 $ $1, Bellamar ext Space Development San Diego 10/27/2017 Attached 1,798 2,365 $1,200,000 $1,999,000 $ $ Park Bankers Hill (The) Zephyr Partners San Diego 6/27/2015 Attached 1,617 4,370 $1,255,500 $5,000,000 $ $1, RESALE HOME COMPARABLES CMA Summary Report RESIDETIAL Summary Statistics High Low Average Median LP:$1,880,000 $879,995 $1,289,282 $1,237,000 SP:$1,875,000 $840,000 $1,243,625 $1,197,500 RESIDETIAL Sold umber of Properties: 12 um MLS # Status Style FllAdd ZipArea Beds TotB COEDate LotSFAp x SOLD ATT 1325 Pacific Highway SOLD ATT 1325 Pacific Highway SOLD ATT 1325 Pacific Highway 2605 EstSF DOM LP PrcSqft SP PrcSqft SA DIEGO 2 2 8/2/2017 1, $879,995 $ $840,000 $ SA DIEGO 2 2 6/26/2017 1,324 3 $949,000 $ $925,000 $ SA DIEGO /19/ ,514 1, $964,500 $ $964,500 $ SOLD ATT 1325 Pacific Hwy 607 SA DIEGO 2 2 7/13/2017 1, $1,100,000 $ $1,059,000 $ SOLD ATT 1325 Pacific Highway 2403 SA DIEGO 2 2 7/14/2017 1, $1,139,000 $ $1,070,000 $ SOLD ATT 1431 Pacific Hwy 809 SA DIEGO /23/2017 1, $1,225,000 $1, $1,195,000 $1, SOLD ATT 1431 Pacific Highway 811 SA DIEGO 2 3 5/15/2017 1,632 8 $1,249,000 $ $1,200,000 $ SOLD ATT 1431 Pacific Hwy 513 SA DIEGO 2 3 1/9/ ,904 1, $1,249,900 $ $1,220,000 $ SOLD ATT 1325 Pacific Hwy SOLD ATT 1325 Pacific Highway SOLD ATT 1325 Pacific Hwy SOLD ATT 1325 Pacific Highway 3301 SA DIEGO 2 2 3/30/ ,514 1,404 0 $1,350,000 $1,450,000 $1, $1,300,000 $ SA DIEGO 3 3 8/22/2017 2,228 1 $1,525,000 $ $1,525,000 $ SA DIEGO 2 3 1/23/2018 1, $1,860,000 $1, $1,750,000 $ SA DIEGO 2 3 6/8/ ,514 1, $1,880,000 $1, $1,875,000 $1, Avg $1,289,283 $ $1,243,625 $

12 1540 ational Ave San Diego, CA mi radius 3 mi radius 5 mi radius RS1 DEMOGRAPHICS POPULATIO HOUSEHOLDS 2017 Estimated Population 39, , , Projected Population 41, , , Census Population 32, , , Census Population 26, , ,930 Projected Annual Growth 2017 to % 1.2% 1.1% Historical Annual Growth 2000 to % 1.1% 0.7% 2017 Median Age Estimated Households 17,767 75, , Projected Households 19,095 79, , Census Households 14,097 64, , Census Households 9,167 55, ,496 Projected Annual Growth 2017 to % 1.2% 1.1% Historical Annual Growth 2000 to % 2.1% 1.1% RACE AD ETHICITY ICOME 2017 Estimated White 53.1% 59.4% 50.5% 2017 Estimated Black or African American 8.4% 7.5% 10.4% 2017 Estimated Asian or Pacific Islander 9.2% 6.8% 12.1% 2017 Estimated American Indian or ative Alaskan 1.1% 0.8% 0.8% 2017 Estimated Other Races 28.2% 25.6% 26.2% 2017 Estimated Hispanic 47.1% 43.3% 44.1% 2017 Estimated Average Household Income $68,326 $86,148 $79, Estimated Median Household Income $55,838 $70,198 $64, Estimated Per Capita Income $31,657 $36,679 $30,489 EDUCATIO (AGE 25+) BUSIESS 2017 Estimated Elementary (Grade Level 0 to 8) 10.6% 9.0% 10.1% 2017 Estimated Some High School (Grade Level 9 to 11) 11.8% 9.0% 9.4% 2017 Estimated High School Graduate 15.8% 15.2% 18.8% 2017 Estimated Some College 18.6% 19.2% 21.3% 2017 Estimated Associates Degree Only 5.3% 6.1% 6.2% 2017 Estimated Bachelors Degree Only 24.9% 24.9% 21.4% 2017 Estimated Graduate Degree 13.0% 16.6% 12.8% 2017 Estimated Total Businesses 2,979 12,035 26, Estimated Total Employees 39, , , Estimated Employee Population per Business Estimated Residential Population per Business

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