PROPOSED 20,000 SQUARE FOOT 13 UNIT CONDO PROJECT

Transcription

1 Point Loma Coronado Downtown San Diego Silver Strand Imperial Beach San Diego Bay Coronado Ave Palm Ave Walking Distance to Imperial Beach and San Diego Bay Average Unit Size 1,410 Square Feet 9-3 Bed / 3 Bath & 4-2 Bed / 2 Bath Less Than 3 Miles East of the Pacific Ocean Preliminary Grading Plans & Conceptual Architecture Completed SALE PRICE: $965,000 - Owner Will Respond To All Offers SUBJECT PROPERTY Hollister St 1

2 PAGE CONTENT 3 AERIALS 5 LOCATION MAP 6 PROPERTY INFO 7 DEVELOPMENT IMPACT FEES 8 UNIT MIX 9 PLAT MAP 10 SITE PLAN 11 FLOOR PLANS 12 TENTATIVE MAP WAIVER EXHIBIT 13 PRELIMINARY GRADING PLANS 14 SALES COMPARABLES Hollister St SUBJECT PROPERTY 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 Palm Ave AERIALS Sunyslope Elementary School Grove Ave Coronado Ave South Bay Community Park Mar Vista Academy South Bay Drive-In Mendoza & Swap Meet Elementary School SUBJECT PROPERTY Ingrid Ave San Diego Police Dept. 19th St Hollister St Southwest Middle School Public Elm School Southwest Senior High School Nolf Imperial Beach Airport Toycayo Ave 3

4 Coronado Ave AERIALS Hollister St Starburst Ln SUBJECT PROPERTY N 4

5 LOCATION MAP SAN DIEGO BAY NATIONAL CITY CHULA VISTA IMPERIAL BEACH SUBJECT PROPERTY 78 N SAN YSIDRO USA/MEXICO INTERNATIONAL BORDER TIJUANA SAN DIEGO Coronado COUTNRY Ave ESTATES Starburst Ln SUBJECT PROPERTY 25th St Ingrid Ave Hollister St Grove Ave 5

6 PROJECT INFO LOCATION: Jurisdiction: APN: Lot Size: The subject property is located at 1229 Hollister Street in the City of San Diego, County of San Diego. Less than 3 miles east of the Pacific Ocean and 2.5 miles north of the international border with Mexico, this infill site is close to shopping and restaurants with access to Interstate 5 within 1/4 mile. City of San Diego (Nestor Neighborhood).9 Acres Topography: Zoning: Max Density: Flat on Building Portion of Site RM Dwelling Unit per 3,000 SF Max F.A.R.:.75 Average Unit Size: 1,410 Square Feet Impact Fees: School District: Approximately $25,398 per unit South Bay Union School District Goodfrey G. Berri Elementary School API Sweetwater Union High School District Southwest Middle School API Southwest Senior High School API Services: Water/Sewer City of San Diego Gas/Electricity San Diego Gas & Electric Fire San Diego Fire Dept. Police San Diego Police Dept. Project Name: Project Status: Nestor Creek Homes The property has been previously submitted to the City of San Diego for approval of 13 single family units. Conceptual architecture and preliminary grading plans are complete. Initial comments on the project were provided by the City in Proposed Units: PRICE: $965, Bed 3 Bath 4-2 Bed 2 Bath 28 Secured Parking Stalls & Motorcycle Parking CLICK TO VIEW DOCUMENT LINKS ZONING & DEVELOPMENT STANDARDS CONCEPTUAL PLANS CITY OF SAN DIEGO PROJECT REVIEW COMMENTS 6

7 DEVELOPMENT IMPACT FEES Nestor Area - San Diego Estimated Development Fees Per Average 1,410 SF Unit Amount / Item Unit School Fees - South Bay Union Elementary ($1.53/SF) - Effective June 2016 $ 2,157 School Fees - Sweetwater Union High School ($1.88/SF) $ 2,651 Development Impact Fees (DIF - includes Park, Road, Library & Fire) $ 12,700 Regional Transportation Congestion Improvement Program (RTCIP) $ 2,153 Water Capacity Charge (.8 EDU per dwelling unit based on net acreage) $ 2,438 Sewer Capacity Charge (.8 EDU per dwelling unit based on net acreage) $ 3,299 TOTAL PER UNIT WITH SCHOOL FEES $ 25,398 7

8 UNIT MIX 1st Floor 2nd Sq Unit Type # Units Beds Baths Sq Ft Floor Sq Ft/Unit Total SF A ,342 1,342 B ,196 1,196 C ,114 1,114 D, F, H ,473 4,419 E, G, I, K, L ,449 7,245 J ,248 1,248 M ,771 1,771 Total ,335 *Note: Square footage summary above does not include decks or common area. 8

9 PLAT MAP 9

10 SITE PLAN 10

11 FLOOR PLANS 11

12 TENTATIVE MAP WAIVER EXHIBIT 12

13 PRELIMINARY GRADING PLANS 13

14 RESALE HOMES CMA Summary Report RESIDENTIAL Summary Statistics SALES COMPARABLES High Low Average Median LP:$449,000 $329,950 $399,618 $425,000 SP:$435,000 $325,000 $382,125 $400,000 RESIDENTIAL - Sold Number of Properties: 8 Num MLS # Status Style FllAdd ZipArea Beds TotB COEDate LotSFApx EstSF DOM LP $/EstSF SP $/EstSF SOLD ATT 774 Ada Street 4 CHULA VISTA (91911) /27/2015 1, $329,950 $ $325,000 $ SOLD ATT Th Ave Unit A2 CHULA VISTA (91911) /16/2015 1, $348,999 $ $352,000 $ SOLD ATT 774 Ada 10 CHULA VISTA (91911) /30/2015 1, $339,000 - $349,000 $ $345,000 $ SOLD ATT 1331 Holly Ave B IMPERIAL BEACH (91932) SOLD ATT 1331 Holly Ave C IMPERIAL BEACH (91932) SOLD ATT 1331 Holly Ave D IMPERIAL BEACH (91932) SOLD ATT 1331 Holly Ave A IMPERIAL BEACH (91932) SOLD ATT th IMPERIAL BEACH (91932) /9/2015 1, $425,000 $ $400,000 $ /9/2015 1, $425,000 $ $400,000 $ /9/2015 1, $435,000 $ $400,000 $ /9/2015 1, $435,000 $ $400,000 $ /18/2015 1, $449,000 $ $435,000 $ Avg $399,619 $ $382,125 $ Min $329,950 $ $325,000 $ Max $449,000 $ $435,000 $ Med $425,000 $ $400,000 $ NEW HOME SALES Min. Max. Min. Total Total Average 3 Month Unit Size Unit Size Price/sq Max Units Units Total Units Sales Sales Project Builder City Open Date Type sq ft sq ft Min. Price Max. Price ft Price/sq ft Planned Sold Remaining Rate Rate Zip Aviare Sunrise Company Chula Vista 7/26/2014 Attached $300,900 $416,900 $ $ Bahia Vista Townhomes Pathfinder Partners Chula Vista 6/9/2015 Attached $399,900 $419,900 $ $ Palermo at Lake Pointe Lennar Chula Vista 2/21/2015 Attached $321,990 $412,990 $ $ Siena at Lake Pointe Lennar Chula Vista 2/21/2015 Attached $362,990 $374,990 $ $ Tosara Pacific Coast Communities Chula Vista 8/23/2014 Attached $374,900 $426,900 $ $ Esperanza at Vista Del Sur Cornerstone Communities San Diego 4/25/2015 Attached $332,990 $374,990 $ $ Maravilla at Vista Del Sur Cornerstone Communities San Diego 4/25/2015 Attached $317,990 $380,990 $ $

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