Access from Pio Pico Drive Through New Shea Homes Development on Lanai Court Pacific Ocean and Buena Vista Lagoon Views Zoned R-1 (7,500 SF Minimum Lot Size) General Plan (Maximum 4 DUs/Acre - Potential 25% Bonus) Area of $1,000,000 - $1,500,000 Homes Sale Price: $875,000 Jefferson St Carlsbad Blvd W Buena Vista Lagoon Las Flores Dr Pio Pico Dr Subject Property Jefferson St Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA 92008 T: F: 760.929.9977 www.lee-associates.com
PAGE CONTENT 3 ACCESS MAP 4 AERIALS 6 LOCATION MAP 7 PROPERTY INFO 8 GENERAL PLAN LAND USE MAP 9 DEVELOPMENT IMPACT FEES 10 PLAT MAP 11 COMPARABLE HOME SALES SUBJECT PROPERTY Jefferson St N 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. Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA 92008 T: F: 760.929.9977 www.lee-associates.com 2
ACCESS MAP Jefferson St SUBJECT PROPERTY Pio Pico Drive Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA 92008 T: F: 760.929.9977 www.lee-associates.com 3
Jefferson St AERIALS SUBJECT PROPERTY Pio Pico Drive Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA 92008 T: F: 760.929.9977 www.lee-associates.com 4
AERIALS Carlsbad Blvd Carlsbad Village Dr Buena Vista Lagoon Vista Way Jefferson St Las Flores Dr Pio Pico Drive SUBJECT PROPERTY Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA 92008 T: F: 760.929.9977 www.lee-associates.com 5
LOCATION MAP CAMP PENDLETON VISTA FALLBROOK PALOMAR MOUNTAIN OCEANSIDE SUBJECT PROPERTY CARLSBAD PALOMAR AIRPORT SAN MARCOS ESCONDIDO ENCINITAS CAL STATE SAN MARCOS 78 SOLANA BEACH SAN DIEGO COUTNRY ESTATES VISTA WAY N DEL MAR POWAY CARLSBAD BLVD YOURELL AVE SPRUCE ST LAS FLORES DR LAGUNA DR CARLSBAD VILLAGE DR Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA 92008 T: F: 760.929.9977 www.lee-associates.com 6
PROJECT INFO LOCATION: The subject property is located at the southeast corner of Jefferson Street and Interstate 5, near the Buena Vista Lagoon in Northern Carlsbad. This property provides a rare and unique opportunity for builders and developers to capture the thriving demand for upscale, coastal homes with beautiful ocean views. Adjacent to I-5 and approximately 1/3 mile from CA Hwy 78, this site will provide commuters with convenient access throughout San Diego, Orange and Riverside Counties. Within the highly desirable neighborhood of Olde Carlsbad, the subject property retains proximity to quality rated schools, local parks, pristine beaches, the Carlsbad Premium Outlet Mall, Westfield Mall - Carlsbad, and Carlsbad Village. Buena Vista Lagoon JURISDICTION: City of Carlsbad APN # & ACREAGE: 156-351-01 1.08 Acres ZONING: GENERAL PLAN: TOPOGRAPHY: MIN. LOT SIZE: MAX. LOT COVERAGE: 40% INCLUSIONARY HOUSING: ACCESS: R-1 (Single Family Residential) Click here for Zoning Information Approx..95 Acres/ (Residential Low Medium) Maximum 4 DUs/AC - Potential 25% bonus* Approx..13 Acres/O-S (Open Space) - Buyer to verify Click here for General Plan Land Use Element *Click here for City Council Policy # 43 Flat/Gently Rolling 7,500 Square Feet 15% of Units - Can be 2nd dwelling unit on lot Click here for Inclusionary & 2nd Dwelling Unit Information The property will have access from Lanai Court through the new Shea Homes development on Pio Pico. COASTAL COMMISSION: SITE DESCRIPTION: SCHOOL DISTRICT: SUBJECT PROPERTY Although the property is in the coastal zone, no approval is required from the Coastal Commission since the property is located in an approved coastal zone. All approvals are required from the City of Carlsbad only. The subject property consists of 1.08 acres. The property is currently unimproved and is zoned for a maximum of 3 lots, however, no entitlements have been processed to date. Carlsbad Unified School District Buena Vista Elementary - 877 API Valley Middle School - 869 API Carlsbad High School - 840 API SERVICES: Water/Sewer City of Carlsbad Gas/Electricity San Diego Gas & Electric Fire Carlsbad Fire Department Police Carlsbad Police Department Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA 92008 T: F: 760.929.9977 www.lee-associates.com 7
GREGORY DR COASTAL DEVELOPMENT OPPORTUNITY RH POTENTIAL 3 LOTS 1.08 ACRES OS STATE ST V RLM BUENA VISTA CR RMH/O KREMEYER CR p. 13 RMH/O CABRILLO PL DAVIS PL DAVIS AV LEWIS LN RMH/O V O STRATFORD LN LAGUNA DR G Proposed General Plan Land Use p. 1 OS OS YOURELL AV GENERAL PLAN LAND USE MAP OS JEFFERSON ST NIKI LYN N P L BUENA PL TUTTLE ST TC O LAS FLORES DR PIO PICO DR OS CIPRIANO LN SPRUCE ST P FOREST AV BUENA VISTA WY CYNTHIA LN p. 8 STATE ST V Feet 0 400 I O V BUENA VISTA CR OS KREMEYER CR R-23 LAGUNA DR p. 13 /O CABRILLO PL KNOWLES AV DAVIS PL Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA 92008 T: F: 760.929.9977 www.lee-associates.com DAVIS AV LEWIS LN VC V O STRATFORD LN Document Path: J:\Requests2010Plus\ComEconDev\Planning\5161278_13\PlanningCommissionMapbooks\Revisions24June2015\PlanningCommissionMapBook_GPLUChanges11x17.mxd Page 7 8
DEVELOPMENT IMPACT FEES Estimated Development Impact Fees Per Approximate 3,500 SF Single Family Residence Item School Fee ($3.36/SF) Drainage Fee - Low Runoff ($6,209/Acre) * Water Connection Fee (5/8" Meters) SDCWA Capacity Fee Sewer Connection Fee Park Fee Public Facilities Fee (3.5% of Building Valuation) ** Traffic Impact Fee TOTAL PER SFD Amount $11,760 $2,235 $3,934 $4,681 $881 $7,649 $12,250 $3,160 $46,550 * Assumes 3 Lots ** Building valuation estimated at $100/SF for analysis purposes Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA 92008 T: F: 760.929.9977 www.lee-associates.com 9
PLAT MAP Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA 92008 T: F: 760.929.9977 www.lee-associates.com 10
RESALE COMPARABLES COMPARABLE HOME SALES Num MLS # Status Style FllAdd ZipArea Beds TotB COEDate LotSFApx EstSF DOM LP $/EstSF SP $/EstSF 1 140065486 SOLD DET 2902 Austin Terrace CARLSBAD (92008) 5 3 3/4/2015 8,517 3,395 34 $1,049,987 $309.27 $1,029,500 $303.24 2 140047834 SOLD DET 2816 Highland Drive CARLSBAD (92008) 3 3 1/12/2015 8,936 3,495 69 $1,075,000 - $1,150,000 $329.04 $1,100,000 $314.74 3 150012697 SOLD DET 1170 Chestnut CARLSBAD (92008) 3 3 7/9/2015 10,000 2,640 83 $1,195,000 $452.65 $1,139,500 $431.63 4 150037978 SOLD DET 3135 Canyon CARLSBAD (92008) 4 5 10/13/2015 3,300 40 $1,099,000 - $1,199,000 $363.33 $1,099,000 $333.03 5 150018384 SOLD DET 1644 Brady CARLSBAD (92008) 4 4 8/3/2015 14,200 3,260 33 $1,299,000 $398.47 $1,280,000 $392.64 6 150037977 SOLD DET 1811 Oak CARLSBAD (92008) 3 5 8/23/2015 3,446 13 $1,299,000 - $1,399,990 7 150037975 SOLD DET 1815 Oak CARLSBAD (92008) 4 6 10/16/2015 4,281 64 $1,399,000 - $1,449,000 8 140058450 SOLD DET 1600 BUENA VISTA WAY $406.27 $1,349,000 $391.47 $338.47 $1,399,000 $326.79 CARLSBAD (92008) 4 5 4/15/2015 14,077 3,984 139 $1,699,000 $426.46 $1,500,000 $376.51 Avg 3 4 11146 3475 59 $1,305,122 $378.00 $1,237,000 $358.76 Min 3 3 8517 2640 13 $1,049,987 $309.27 $1,029,500 $303.24 Max 5 6 14200 4281 139 $1,699,000 $452.65 $1,500,000 $431.63 Med 4 4 10000 3420 52 $1,249,000 $380.90 $1,209,750 $354.77 NEW HOME COMPARABLES Project Builder City Open Date Type Lot Size Min. Unit Size sq ft Max. Unit Size sq ft Min. Price Max. Price Total Units Planned Total Units Sold Total Units Remaining Average Sales Rate Zip Arterro at La Costa Davidson Communities Carlsbad 2/1/2014 Detached 7500 3380 4509 $949,900 $1,239,900 63 46 17 2.55 92009 Casero Lennar Carlsbad 3/14/2015 Detached 8000 2798 4180 $889,990 $1,040,990 26 18 8 3.64 92008 Insignia Carlsbad City Ventures Carlsbad 3/21/2015 Detached 7800 2458 4356 $1,100,000 $1,400,000 17 1 16 0.19 92008 Montecina Taylor Morrison Carlsbad 10/25/2014 Detached 5443 1833 2462 $740,798 $985,000 32 27 5 2.68 92009 New Crest Court Davidson Communities Carlsbad 10/11/2014 Detached 8100 3110 4172 $1,028,900 $1,281,900 16 13 3 1.29 92011 Palo Verde at the Foothills Brookfield Residential Carlsbad 8/1/2013 Detached 5000 1989 3733 $839,690 $942,877 109 107 2 4.23 92010 Southern Preserve California West Communities Carlsbad 2/7/2015 Detached 15400 3570 4670 $1,205,000 $1,325,000 49 18 31 2.74 92009 The Enclave at Buena Vista KLC BV Carlsbad, LLC Carlsbad 6/6/2015 Detached 9000 2660 4049 $983,990 $1,175,000 11 2 9 0.76 92008 Pio Pico Shea Homes Carlsbad TBD Detached 7500-13,600 TBD TBD $1,000,000 $1,200,000 20 0 20 N/A 92008 Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA 92008 T: F: 760.929.9977 www.lee-associates.com 11
For More Information, Please Contact: CA Lic#01367183 CA Lic#01323215 CA Lic#00296599 Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA 92008 T: F: 760.929.9977 www.lee-associates.com 12