Seller Financing Available!

Transcription

1 Average Unit Size 1,479 Square Feet Area New Townhome Prices $400, ,000+ Easy Access to Interstate 5, 805 & California State Hwy 54 SALE PRICE: $1,140,000 $799,000 E 24th St Highland Ave D Ave SUBJECT PROPERTY Sweetwater Union High School Hoover Ave National City Blvd E.30th St Kire Homes Multi-Family Project Seller Financing Available!

2 PAGE CONTENT 3 AERIALS 5 LOCATION MAP 6 PROPERTY INFO 7 DOCUMENT LINKS 8 DEVELOPMENT IMPACT FEES 9 UNIT MIX 10 FLOOR PLANS 13 ELEVATIONS 15 TENTATIVE MAP 16 PLAT MAP 17 SALES COMPARABLES 19 RENTAL COMPARABLES SUBJECT PROPERTY E.30th St D Ave No 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 AERIALS Boys & Girls Club John A Otis Kimball Park Elementary School National City Middle School E 18th St Highland Ave National City Golf Course E 24th St Sweetwater High School E 30th St SUBJECT PROPERTY Sweetwater River Eucalyptus Park Rosebank Elementary School 3

4 AERIALS Sweetwater Union High School E 29th St D Ave SUBJECT PROPERTY E 30th St N 4

5 LOCATION MAP OCEAN BEACH MISSION VALLEY LA MESA SAN DIEGO POINT LOMA CORONADO NATIONAL CITY SAN DIEGO BAY SUBJECT PROPERTY CHULA VISTA 78 Mile of Cars Way SAN DIEGO COUTNRY ESTATES National City Blvd D Ave E 29th St Highland Ave SUBJECT PROPERTY N E 30th St Sweetwater River 5

6 PROPERTY FEATURES PROJECT INFO LOCATION: Jurisdiction: The subject property is located at 341 E. 30th Street in the City of National City, County of San Diego. Within walking distance to shopping, restaurants, and the Metrolink station, this site is a rare infill location with easy access to Interstate 5, 805 & California State Highway 54. City of National City APN: Lot Size:.2643 Acres Existing Improvements: 1,128 Square Foot Single Family Home Topography: Zoning: Max Density: Average Unit Size: Impact Fees: School District: Flat MXC-1 Max 48 units per acre Proposed 41 units per acre 1,479 Square Feet Approximately $16,610 per unit National Elementary School District Olivewood Elementary School API 804 National City Middle School API 797 Sweetwater Union High School API 770 Project Description: Project Status: Approved 12 unit residential & live-work townhome project. The 6 units fronting 30th Street have 1st floor commercial suites that connect to the residential units above. Each commercial unit can be locked off and operated separately. Each unit has its own garage. On June 6, 2017 the City Council of the City of National City approved the 12 unit Mixeduse Tentative Subdivision Map conditioned by Resolution No Owner has conceptual floor plans, elevations and landscape plans and has completed a Phase I Geotechnical Study and Market Study. Services: Water Sweetwater Authority Sewer City of National City Gas/Electricity San Diego Gas & Electric Fire National City Fire Dept. Police National City Police Dept. Affordable Housing: PRICE: National City does not require inclusionary housing units or an in lieu fee for residential developments. $1,140,000 $799,000 (Seller Financing Available) 6

7 DOCUMENT LINKS CLICK TO VIEW DOCUMENT LINKS CONDITIONS OF APPROVAL MARKET STUDY (UPDATED 6/25/18) PHASE 1 PROJECT PLANS SOIL STUDY ZONING CODE & DEVELOPMENT STANDARDS 7

8 DEVELOPMENT IMPACT FEES National City Estimated Development Fees Per Approximate 1,479 SF Unit Item MFR SUHSD School Fees ($1.95/SF) $ 2,884 National City School Fees ($1.41/SF) $ 2,085 Development Impact Fees (DIF - includes Park, Library, Fire & Police) $ 1,190 Transportation Development Impact Fee (TDIF) $ 2,357 SDCWA Water Capacity Charge (3/4" Meter) $ 5,267 SDCWA Water Water Treatment Charge (3/4" Meter) $ 146 Sweetwater Authority Capacity Charge (Assumes 1 EDU per unit for separate meters) $ 2,300 Sewer Permit Fee $ 381 TOTAL PER UNIT $ 16,610 8

9 UNIT MIX BUILDING 1 (South) Unit # Plan # Bed Bath Resid./SF Comm./SF Total/SF , , , , , , , , Den 2.5 1, , , ,780 BUILDING 2 (North) Unit # Plan # Bed Bath Resid./SF Comm./SF Total/SF , , , , , , , , , , , ,553 Total SF 17,746 Average SF 1,479 9

10 FLOOR PLANS RAINTREE COURT RAINTREE RESIDENTIAL, LLC 12/12/ P11 COMMERCIAL SPACE EXHIBIT.DWG FIRST FLOOR BUILDING PLAN 3/16"=1'-0" ISSUE DATE: 12/12/16 1ST FLOOR 8 OF 20 10

11 FLOOR PLANS RAINTREE COURT RAINTREE RESIDENTIAL, LLC 12/12/ P12.DWG 2ND FLOOR SECOND FLOOR BUILDING PLAN 3/16"=1'-0" ISSUE DATE: 12/12/16 9 OF 2 11

12 FLOOR PLANS RAINTREE COURT RAINTREE RESIDENTIAL, LLC 12/12/ P13.DWG 3RD FLOOR THIRD FLOOR BUILDING PLAN 3/16"=1'-0" ISSUE DATE: 12/12/16 10 OF 20 12

13 ELEVATIONS RAINTREE COURT RAINTREE RESIDENTIAL, LLC 12/12/ P21.DWG NORTH BUILDING EXTERIOR ELEVATIONS 3/16"=1'-0" ISSUE DATE: 12/12/16 12 OF 20 13

14 ELEVATIONS RAINTREE COURT RAINTREE RESIDENTIAL, LLC 12/12/ P21.DWG NORTH BUILDING EXTERIOR ELEVATIONS 3/16"=1'-0" ISSUE DATE: 12/12/16 13 OF 20 14

15 TENTATIVE MAP 15

16 PLAT MAP 16

17 SALES COMPARABLES NEW CONSTRUCTION SALES COMPARABLES Project Builder Master Open Product Min Unit Max Unit Min Max Total Units Total Units Total Sales Sale Rate Zip Name Name City Plan Date Type Size Size Price Price Min $/SF Max $/SF Planned Sold Remaining Rate L3M Code Preserve (The)/Acacia Cornerstone Communities Carlsbad - 2/10/2018 Attached 1,934 2,011 $687,990 $719,990 $ $ Preserve (The)/Agave Cornerstone Communities Carlsbad - 11/12/2016 Attached 1,420 1,681 $589,990 $674,990 $ $ Preserve (The)/Blue Sage Cornerstone Communities Carlsbad - 2/10/2018 Attached 1,533 1,835 $589,990 $663,990 $ $ Bahia Vista II Townhomes Pathfinder Partners Chula Vista - 6/2/2018 Attached 1,638 1,788 $473,904 $510,038 $ $ Boulevard at Millenia Lennar Chula Vista Millenia at Otay Ranch 7/21/2018 Attached 1,681 2,046 $442,900 $499,900 $ $ Evo Meridian Communities Chula Vista Millenia at Otay Ranch 8/13/2016 Attached 1,687 1,958 $460,000 $550,000 $ $ Flora at Escaya Brookfield Residential Chula Vista Escaya at Otay Ranch 9/16/2017 Attached 1,278 1,710 $361,000 $455,190 $ $ Lovina Heritage Building and Development Chula Vista Otay Ranch 3/25/2017 Attached 1,561 2,476 $445,900 $527,900 $ $ Metro Meridian Communities Chula Vista Millenia at Otay Ranch 8/13/2016 Attached 1,298 1,964 $387,000 $462,000 $ $ Parc Place Pacific Coast Communities Chula Vista Otay Ranch 3/25/2017 Attached 1,116 1,587 $367,900 $435,900 $ $ Strata at Escaya Shea Homes Chula Vista Escaya at Otay Ranch 6/10/2017 Attached 1,407 1,736 $411,550 $484,000 $ $ Suwerte Heritage Building and Development Chula Vista Otay Ranch 7/7/2018 Attached 1,166 2,414 $367,900 $543,900 $ $ Tosara I & II Pacific Coast Communities Chula Vista Otay Ranch 8/23/2014 Attached 1,635 2,366 $442,900 $500,900 $ $ Trio Meridian Communities Chula Vista Millenia at Otay Ranch 8/13/2016 Attached 1,653 1,880 $448,000 $496,000 $ $ Z at Millenia Shea Homes Chula Vista Millenia at Otay Ranch 11/12/2016 Attached 1,288 1,475 $395,450 $437,230 $ $ Hampshire at Bayside Landing Beazer Homes Imperial Beach - 3/29/2017 Attached 1,172 2,205 $491,990 $688,990 $ $ Norfolk at Bayside Landing Beazer Homes Imperial Beach - 3/29/2017 Attached 1,172 1,709 $491,990 $577,490 $ $ Esperanza at Vista Del Sur Cornerstone Communities San Diego Vista Del Sur 4/25/2015 Attached 1,548 1,830 $389,990 $442,990 $ $ Tesoro at Vista Del Sur Cornerstone Communities San Diego Vista Del Sur 10/7/2017 Attached 1,410 1,600 $372,990 $402,990 $ $

18 SALES COMPARABLES ATTACHED RESALE COMPARABLES - BUILT SINCE 2017 CMA Summary Report RESIDENTIAL Summary Statistics High Low Average Median LP:$589,990 $429,990 $485,430 $472,070 SP:$589,990 $445,773 $500,145 $487,988 RESIDENTIAL - Sold Number of Properties: 14 Num MLS # Status Style FllAdd ZipArea Beds TotB COEDate LotSFApx EstSF DOM LP PrcSqft SP PrcSqft SOLD TOWNH 53 Sea Crest Drive 16 CHULA VISTA (91910) 3 3 9/29/2017 1,708 1 $429,990 $ $456,232 $ SOLD TOWNH 727 Seaside Street 4 CHULA VISTA (91910) /16/2017 1, $439,990 $ $445,773 $ SOLD TOWNH 710 Anchor Court 68 CHULA VISTA (91910) 4 4 3/27/2018 1, $446,490 $ $448,397 $ SOLD TOWNH 709 Anchor Court 73 CHULA VISTA (91910) 4 4 3/2/2018 1, $446,490 $ $473,899 $ SOLD TOWNH 762 Seaside Street 80 CHULA VISTA (91910) /28/2017 1, $456,490 $ $480,017 $ SOLD TOWNH 49 Sea Crest Drive #15 CHULA VISTA (91910) /13/2017 1, $459,990 $ $459,990 $ SOLD TOWNH 41 Sea Crest Drive #13 CHULA VISTA (91910) 3 4 9/29/2017 1, $462,650 $ $469,184 $ SOLD TOWNH 750 Seaside Street 77 CHULA VISTA (91910) /27/2017 1, $481,490 $ $495,959 $ SOLD TOWNH 743 Seaside Street 83 CHULA VISTA (91910) /27/2017 1, $486,490 $ $518,582 $ SOLD TOWNH 735 Seaside Street 6 CHULA VISTA (91910) /9/2017 1, $489,990 $ $502,113 $ SOLD TOWNH 68 Sea Crest Drive #32 CHULA VISTA (91910) 3 3 9/22/2017 1, $499,990 $ $537,424 $ SOLD TOWNH 52 Sea Crest Drive 28 CHULA VISTA (91910) 4 4 5/17/2018 1, $549,990 $ $549,990 $ SOLD TOWNH 720 Harbor Lane 61 CHULA VISTA (91910) 4 4 5/10/2018 1,938 2 $555,990 $ $574,492 $ SOLD TOWNH 44 Sea Crest Drive 26 CHULA VISTA (91910) 3 4 6/29/2018 1, $589,990 $ $589,990 $ Avg $485,430 $ $500,146 $ Min $429,990 $ $445,773 $ Max $589,990 $ $589,990 $ Med $472,070 $ $487,988 $

19 RENTAL COMPARABLES RESIDENTIAL RENTAL - Active Number of Properties: 6 Num MLS # Type Address ZipArea Beds TotB PrcRfl EstSF DOM LP PrcSqft 1 N/A Attached 45 East 12th St. NATIONAL CITY (91950) 2 1 Monthly 902 N/A $2,245 $ N/A Attached 819 D St. NATIONAL CITY (91950) 2 2 Monthly 1100 N/A $2,095 $ N/A Attached 819 D St. NATIONAL CITY (91950) 2 2 Monthly 1300 N/A $2,195 $ N/A Attached 819 D St. NATIONAL CITY (91950) 3 2 Monthly 1300 N/A $2,595 $ N/A Attached 819 D St. NATIONAL CITY (91950) 3 2 Monthly 1600 N/A $2,695 $ Townhome 1878 E 12th St. NATIONAL CITY (91950) 3 3 Monthly $2,650 $1.60 Avg $2, $

20 For More Information, Please Contact: CalBRE Lic# CalBRE Lic#