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 SUBMIT ALL OFFERS orth Embarcadero South Embarcadero DOWTOW SA DIEGO HARBOR DR COMMERCAL ST LOGA AVE FOR ADDITIOAL IFORMATIO: Lee & Associatesorth San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA 92008 T: 760.929.9700 F: 760.929.9977 www.leeassociates.com
PAGE COTET 3 AERIAL 7 LOCATIO MAP 8 IFO 9 PLAT MAP 10 EAST VILLAGE LAD COMPARABLES 11 EW HOME & RESALE COMPARABLES 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. FOR ADDITIOAL IFORMATIO: Lee & Associatesorth San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA 92008 T: 760.929.9700 F: 760.929.9977 www.leeassociates.com 2
AERIAL FOR ADDITIOAL IFORMATIO: Lee & Associatesorth San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA 92008 T: 760.929.9700 F: 760.929.9977 www.leeassociates.com 3
AERIAL COMMERCIAL ST FOR ADDITIOAL IFORMATIO: Lee & Associatesorth San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA 92008 T: 760.929.9700 F: 760.929.9977 www.leeassociates.com 4
AERIAL COROADO BRIDGE Crosby Street Park HARBOR DR Chicano Park Monarch Schhol LOGA AVE FOR ADDITIOAL IFORMATIO: Lee & Associatesorth San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA 92008 T: 760.929.9700 F: 760.929.9977 www.leeassociates.com 5
AERIAL Chicano Park COROADO BRIDGE Crosby Street Park HARBOR DR COMMERCIAL ST SIGSBEE ST 17TH ST IMPERIAL AVE FOR ADDITIOAL IFORMATIO: Lee & Associatesorth San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA 92008 T: 760.929.9700 F: 760.929.9977 www.leeassociates.com 6
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 FOR ADDITIOAL IFORMATIO: Lee & Associatesorth San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA 92008 T: 760.929.9700 F: 760.929.9977 www.leeassociates.com 7
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: 53561702 7,000 SF 53561703 7,000 SF 53561704 1,311 sf 53561705 1,664 SF Vacated Street 1,750 SF Total = 18,725 SF COMMERCIAL ST TOPOGRAPHY: ZOIG: Flat Mixed Commercial (Centre City Planned District) FLOOR AREA RATIO: BUILDIG HEIGHT: Min. 45 Max 85 LOT COVERAGE: Max 100% Base 3.0 Max 4.0 with all incentives 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: ASKIG PRICE: San Diego Unified School District CALL TO DISCUSS SUBMIT ALL OFFERS CLICK O DOCUMET LIKS BELOW ALLEY VACATIO CETRE CITY PLAED DISTRICT FLOOR AREA RATIO MAPS LAD USE MAP EIGHBORHOODS MAP SEISMIC MAP FOR ADDITIOAL IFORMATIO: Lee & Associatesorth San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA 92008 T: 760.929.9700 F: 760.929.9977 www.leeassociates.com 8
PARCEL MAP FOR ADDITIOAL IFORMATIO: Lee & Associatesorth San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA 92008 T: 760.929.9700 F: 760.929.9977 www.leeassociates.com 9
1 849867 10th Ave Prime East Village Development Site SOLD 4 812 Park Blvd SOLD San Diego, CA 92101 San Diego County San Diego, CA 92101 San Diego County EAST VILLAGE LAD COMPARABLES Recorded Buyer: Capexco East Village LP True Seller: 809 46 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: $18,298,939.59 ($420.09/SF) Proposed Use: Mixed Use... Density: Topography: Level Zoning: Sale Conditions: CCPDR Parcel o: 53433501, 53433502, 53433508 Financing: Down payment of $1,174,000 (19.0%); $5,000,000 from Loan Company of San diego Comp ID: 4111132 Research Status: In Progress 2 707723 17th St 17th & G SOLD San Diego, CA 92101 San Diego County Recorded Buyer: East Village PSH LP Recorded Seller: Investments Unlimited Phoenix LLC 13520 Evening Creek Dr San Diego, CA 92128 11021 Sundown Hill Ave Las Vegas, V 89134 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: $12,878,612.26 ($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 06831 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: $12,499,796.88 ($286.96/SF) Proposed Use: Density: Topography: Zoning: Sale Conditions: Parcel o: 53433403, 53433404, 53433405, 53433406 Financing: Down payment of $0 (0.0%); $27,000,000 from PC Bank, A Comp ID: 3594177 Research Status: Full Value C Redevelopment Project Parcel o: Financing: Comp ID: 53518025 $3,230,000 from Private Lender 4099677 Research Status: Confirmed 3 1502 Market St Salazar's Taco Shop SOLD San Diego, CA 92101 San Diego County Recorded Buyer: Robert O & Masako H Burggraf Recorded Seller: Salazar Frank & B Trust 2350 S Milliken Ave Ontario, CA 91761 1860 Hidden Mesa Rd Ontario, CA 91761 (909) 9832421 True Buyer: Robert O & Masako H Burggraf Sale Date: 01/02/2018 Sale Price: $4,200,000 Confirmed $/AC Land Gross: $13,547,985.78 ($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: 53516207 4102532 Research Status: Confirmed Copyrighted report licensed to Lee & Associates 533042. 2/7/2018 Copyrighted report licensed to Lee & Associates 533042. 2/7/2018 FOR ADDITIOAL IFORMATIO: Lee & Associatesorth San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA 92008 T: 760.929.9700 F: 760.929.9977 www.leeassociates.com 10
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 $1,018.81 $1,209.50 215 165 50 7.3 2.7 32.715183 117.17054 92101 Savina Bosa Development San Diego 6/24/2017 Attached 719 2,334 $550,000 $3,380,000 $764.95 $1,448.16 285 111 174 18.9 14.3 32.719494 117.16953 92101 41West Icon Properties San Diego 7/29/2016 Attached 1,408 3,955 $999,000 $4,500,000 $709.52 $1,137.80 41 20 21 1.2 1.3 32.73279 117.16059 92103 Bellamar ext Space Development San Diego 10/27/2017 Attached 1,798 2,365 $1,200,000 $1,999,000 $667.41 $845.24 16 6 10 2.4 2.0 32.72253 117.23127 92106 Park Bankers Hill (The) Zephyr Partners San Diego 6/27/2015 Attached 1,617 4,370 $1,255,500 $5,000,000 $776.44 $1,144.16 60 18 42 0.6 1.7 32.73523 117.15982 92103 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 1 170021304 SOLD ATT 1325 Pacific Highway 1805 2 170031122 SOLD ATT 1325 Pacific Highway 1404 3 170046369 SOLD ATT 1325 Pacific Highway 2605 EstSF DOM LP PrcSqft SP PrcSqft SA DIEGO 2 2 8/2/2017 1,079 56 $879,995 $815.57 $840,000 $778.50 DOWTOW (92101) SA DIEGO 2 2 6/26/2017 1,324 3 $949,000 $716.77 $925,000 $698.64 DOWTOW (92101) SA DIEGO 2 2 10/19/2017 65,514 1,196 28 $964,500 $806.44 $964,500 $806.44 DOWTOW (92101) 4 170026782 SOLD ATT 1325 Pacific Hwy 607 SA DIEGO 2 2 7/13/2017 1,474 17 $1,100,000 $746.27 $1,059,000 $718.45 DOWTOW (92101) 5 170020486 SOLD ATT 1325 Pacific Highway 2403 SA DIEGO 2 2 7/14/2017 1,460 61 $1,139,000 $780.14 $1,070,000 $732.88 DOWTOW (92101) 6 170036372 SOLD ATT 1431 Pacific Hwy 809 SA DIEGO 2 2 10/23/2017 1,192 52 $1,225,000 $1,027.68 $1,195,000 $1,002.52 DOWTOW (92101) 7 170012440 SOLD ATT 1431 Pacific Highway 811 SA DIEGO 2 3 5/15/2017 1,632 8 $1,249,000 $765.32 $1,200,000 $735.29 DOWTOW (92101) 8 170053663 SOLD ATT 1431 Pacific Hwy 513 SA DIEGO 2 3 1/9/2018 49,904 1,492 64 $1,249,900 $837.73 $1,220,000 $817.69 DOWTOW (92101) 9 170009864 SOLD ATT 1325 Pacific Hwy 2502 10 170044196 SOLD ATT 1325 Pacific Highway 309 11 170059581 SOLD ATT 1325 Pacific Hwy 2601 12 170005778 SOLD ATT 1325 Pacific Highway 3301 SA DIEGO 2 2 3/30/2017 65,514 1,404 0 $1,350,000 $1,450 DOWTOW (92101),000 $1,032.76 $1,300,000 $925.93 SA DIEGO 3 3 8/22/2017 2,228 1 $1,525,000 $684.47 $1,525,000 $684.47 DOWTOW (92101) SA DIEGO 2 3 1/23/2018 1,811 21 $1,860,000 $1,027.06 $1,750,000 $966.32 DOWTOW (92101) SA DIEGO 2 3 6/8/2017 65,514 1,860 75 $1,880,000 $1,010.75 $1,875,000 $1,008.06 DOWTOW (92101) Avg 2 2 61611 1512 32 $1,289,283 $854.25 $1,243,625 $822.93 FOR ADDITIOAL IFORMATIO: Lee & Associatesorth San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA 92008 T: 760.929.9700 F: 760.929.9977 www.leeassociates.com 11
1540 ational Ave San Diego, CA 92113 1 mi radius 3 mi radius 5 mi radius RS1 DEMOGRAPHICS POPULATIO HOUSEHOLDS 2017 Estimated Population 39,010 181,478 483,409 2022 Projected Population 41,717 191,984 508,802 2010 Census Population 32,750 162,677 446,877 2000 Census Population 26,925 151,870 430,930 Projected Annual Growth 2017 to 2022 1.4% 1.2% 1.1% Historical Annual Growth 2000 to 2017 2.6% 1.1% 0.7% 2017 Median Age 32.4 34.3 33.4 2017 Estimated Households 17,767 75,059 181,449 2022 Projected Households 19,095 79,733 191,767 2010 Census Households 14,097 64,444 163,477 2000 Census Households 9,167 55,196 152,496 Projected Annual Growth 2017 to 2022 1.5% 1.2% 1.1% Historical Annual Growth 2000 to 2017 5.5% 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 $79,070 2017 Estimated Median Household Income $55,838 $70,198 $64,495 2017 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 26,529 2017 Estimated Total Employees 39,730 175,446 321,766 2017 Estimated Employee Population per Business 13.3 14.6 12.1 2017 Estimated Residential Population per Business 13.1 15.1 18.2 FOR ADDITIOAL IFORMATIO: Lee & Associatesorth San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA 92008 T: 760.929.9700 F: 760.929.9977 www.leeassociates.com 12
For More Information, Please Contact: Lee & Associatesorth San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA 92008 T: 760.929.9700 F: 760.929.9977 www.leeassociates.com 13