al apuzzo kyle carruthers matt weaver...800 santa fe dr encinitas, ca 92024 835 api 2 1 ada harris...
TRANSCRIPT
2951 manchester ave | cardiff, ca 92007potential 33 unit multi-family development opportunity
o Approximately 1.107 Acres o Zoned for 25-30 Dwelling Units Per Acre o Site is Located West of Interstate 5 in Cardiff o Existing Single Family Home on 2 Parcels of Land
ASKING PRICE: 2,200,000
subjectsubjectpropertyproperty
Ocean Cove DrOcean Cove Dr
Manchester AveManchester Ave
AL [email protected] #01323215
MATT [email protected] #01367183
KYLE [email protected] #01959946
2
18 single family lots with approved tentative map & final engineering | woodland drive & watson way | vista, ca
2
LEE & ASSOCIATES HEREBY ADVISES ALL PROSPECTIVE PURCHASERS AS FOLLOWS:
The information contained in this marketing brochure has been obtained from sources we believe to be reliable. However, Lee & Associates has not and will not verify any of this information, nor has Lee & Associates conducted any investigation regarding these matters. Lee & Associates makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided.
As the buyer of real estate, it is the buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This marketing brochure is not a substitute for your thorough due diligence investigation of this opportunity. Lee & Associates expressly denies any obligation to conduct a due diligence examination of this property for buyer. Any projections, opinions, assumptions or estimates used in this marketing brochure are for example only and do not represent the current or future performance or value of this property. The value of the property to you depends on factors that should be evaluated by you and your tax, financial, consultants and legal advisors. Buyer and buyer’s tax, financial, legal, consultants and all advisors should conduct a careful, independent investigation of any property to determine to your satisfaction the suitability of the property for your needs.
Like all real estate, this property carries significant risks. Buyer and buyer’s consultants, legal and financial advisors must request and carefully review all legal and documents related to the property. Any info provided including fees and costs are not guaranteed and should be verified by buyer. These figures are subject to change at any time based on market, economic, environmental or other conditions. Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any potential development or use of the property. By accepting this marketing brochure you agree to release Lee & Associates and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.
contents4 aerials
7 location map
8 property information
9 development impact fees
10 education
11 plat map
12 sale comparables
14 demographics
aerial
44
NN
subjectsubjectpropertyproperty
aerial
aerial
5
NN
subjectsubjectpropertyproperty
aerial
aerial
6
NN
6
subjectsubjectpropertyproperty
San Elijo Lagoon
Ocean Cove Dr
Ocean Cove Dr
Manchester AveManchester Ave
aerial
7
location maps
OCEANSIDE
SAN CLEMENTE
CARLSBAD
ENCINITAS
SOLANA BEACH
DEL MAR
LA JOLLA
OCEAN BEACH
SAN DIEGO
CORONADO
CHULA VISTA
EL CAJON
LA MESA
ESCONDIDO
RAMONA
POWAY
ALPINE
SANTA YSABEL
JULIAN
SANTA ROSA & SAN JACINTO MOUNTAINS
MT LAGUNA
PINE VALLEY
BOULEVARD
OCOTILLO
MURRIETA
TEMECULA
SALTON CITY
VISTA
PALOMAR MOUNTAIN
CLEVELAND NATIONAL
FOREST
ANZA BORREGO DESERT STATE
PARK
USA/MEXICO BORDER
BORREGOSPRINGS
SANMARCOS
7 SALTON SEA
subjectproperty
Hwy 101
Mancherster Ave
Annie’s Canyon TrailAnnie’s Canyon Trail
property information
8location:The property is made up of two parcels approximately 1.10 acres. The first parcel located at 2951 Manchester Ave currently has a single-family residence approximately 1,040 square feet. The adjacent parcel is vacant land.
jurisdiction:City of Encinitas
apn #: acreage: 261-200-37 .575 Acres261-200-38 .532 Acres Total =1.107 Acres
zoning:Single Family Residential (R11)Click Here to View Zoning
zoning overlay:R30Click Here to View Zoning Overlay
existing improvements:One 1,040 SF Single Family Home
density:25-30 Dwelling Units Per Acre
topography:Flat
max height:30’
development impact fees:Approx. $31,993/Unit
school district:Encinitas Union School District (Elementary School)San Dieguito Union High School District (Middle & High School)
services:Gas/Electricity SDG&EWater San Dieguito Water DistrictSewer Cardiff Sanitary DivisionFire Encinitas Fire DepartmentPolice SD County Sheriff’s Department
PRICE:$2,200,000
9
development impact fees
Amount$4,548.00$7,180.00
$112.00$428.00$293.00
$4,250.00$3,300.00$5,448.00
$147.00$3,417.00
$451.00$2,209.00
$210.00
$31,993.00
Park Fees
Estimated Development Impact FeesPer Approximate 1,200 SF Residence
ItemSchool Fees ($3.79/sf)
* NOTE: Assumes average of 1,000 SF of impervious surface per unit (inclusive of roads & parking lot)
TOTAL PER SFD
Trail Development FeeCommunity Facilities FeeOpen Space FeeSDWD Installation Charge (Assumes 3/4" Meter)SDWD Capacity Charge (Assumes 3/4" Meter)SDWCA Capacity Charge (Assumes 3/4" Meter)
Cardiff Sanitary District - Wastewarer Capacity Charge Fire Mitigation FeesTraffic Mitigation FeesFlood Control Fees ($0.21/SF)*
SDWCA Sewer Fee
10
san dieguito union high school district (middle & high school)
encinitas union school district (elementary)
The award-winning San Dieguito Union High School District is one of the nation’s finest districts, offering a wealth of academic and extracurricular opportunities in which its students can engage and excel. The SDUHSD educates students from the coastal North San Diego County communities of Cardiff-by-the-Sea, Encinitas, Leucadia, and Olivenhain in the City of Encinitas; the cities of Del Mar and Solana Beach; the community of La Costa in the City of Carlsbad; the community of Carmel Valley in the City of San Diego; and the communities of Rancho Santa Fe and Fairbanks Ranch.
Cardiff School and Ada Harris. We score amongst the top schools and districts in California each year. However, the most impressive aspect of the Cardiff School District is the people! Our parents are dedicated and support our teachers in every way. Our staff is skilled and cares deeply about meeting the needs of each child. And our children are kind, hardworking and have endless potential!
3
4
Oak Crest Middle School675 Balour DriveEncinitas, CA 92024
914 API
San Dieguito Academy800 Santa Fe DrEncinitas, CA 92024
835 API
2
1
Ada Harris Elementary School (3-6)1508 Windsor RoadEncinitas, CA 92024
915 API
Cardiff Elementary (K-3)1888 Montgomery Avenue Cardiff-by-the-Sea, CA 92007
922 API
education
subjectproperty
2
1
4
3
111111
plat map Tax Map 2951 Manchester Ave, Cardiff By The Sea, CA 92007
Tax Map 2951 Manchester Ave, Cardiff By The Sea, CA 92007 6/12/2020 Page 1 (of 1)
This report is only for the myFirstAm user who applied for it. No one else can rely on it. As a myFirstAm user, you already agreed to our disclaimer regarding third party propertyinformation accuracy. You can view it here: www.myfirstam.com/Security/ShowEULA. ©2005-2020 First American Financial Corporation and/or its affiliates. All rights reserved.
12
new home sale comparables
project name: Carlyle at Carlsbad/Condos Eleven West
builder name: McKellar McGowan Rincon Homes
city: Carlsbad Carlsbad
open date: 11/23/2019 3/19/2020
product type: Attached Attached
min unit size: 1,642 1,901
max unit size: 3,044 2,072
min. price: $1,029,999 $1,199,000
max. price: $2,399,000 $1,499,000
min. $/sf: $627.28 $630.72
max. $/sf: $788.11 $723.46
total units planned: 33 11
total units sold: 6 1
total remaining: 27 10
sales rate: 1.0 0.3
sales rate lm3: 0.7 -
zip code: 92008 92008
13
resale home comparables
Information Provided Courtesy Of:DRE Lic#: CA
Search Criteria:Albert Apuzzo01323215
760-929-9700
Lee & Associates - Office: 760-929-9700©CRMLS and ©SDMLS. Information is believed to be accurate, but shall not be relied upon
Area (Minor)=92007 AND Class=REAND Close of EscrowDate=01/01/2020-06/06/2079 ANDListing Visibility Type=MLSListing,Coming Soon ANDStatus=SOLD ANDType=ATT,ROWHM,TOWNH06/25/2020 11:08 AM
CMA Summary Report
RESIDENTIAL Summary Statistics
High Low Average MedianLP:$825,000 $589,000 $751,828 $799,900SP:$830,000 $580,000 $750,342 $799,900
RESIDENTIAL - Sold Number of Properties: 7
Num MLS # Status Style FllAdd ZipArea Beds TotB COEDate LotSFApx EstSF DOM LP LP/EstSF SP SP/EstSF1 190062456 SOLD ATT 1242 Caminito SeptimoCARDIFF BY THE SEA
(92007)2 2 1/16/2020 922 29 $589,000 $638.83 $580,000 $629.07
2 200005887 SOLD TOWNH 1230 Caminito SeptimoCARDIFF BY THE SEA(92007)
3 3 3/17/2020 1,258 7 $649,000 $515.90 $665,000 $528.62
3 200017573 SOLD TOWNH 2548 Ocean Cove Dr CARDIFF BY THE SEA(92007)
2 2 5/28/2020 1,274 17 $785,000 $616.17 $775,000 $608.32
4 OC20069304 SOLD TOWNH 2478 Caminito OceanCove
CARDIFF BY THE SEA(92007)
2 2 5/13/2020 357,424 1,234 34 $799,900 $648.22 $799,900 $648.22
5 200008404 SOLD TOWNH 2466 Caminito OceanCove
CARDIFF BY THE SEA(92007)
2 2 3/25/2020 1,258 8 $799,900 $635.85 $800,000 $635.93
6 200017707 SOLD ATT 2518 Ocean Cove Dr CARDIFF BY THE SEA(92007)
2 2 6/12/2020 42,608 1,274 58 $815,000 $639.72 $802,500 $629.91
7 200009077 SOLD TOWNH 2426 Caminito OceanCv
CARDIFF BY THE SEA(92007)
2 2 3/26/2020 357,424 1,274 11 $799,000 - $825,000 $647.57 $830,000 $651.49
Avg 2 2 252485 1213 23 $751,829 $620.32 $750,343 $618.79
Min 2 2 42608 922 7 $589,000 $515.90 $580,000 $528.62
Max 3 3 357424 1274 58 $825,000 $648.22 $830,000 $651.49
Med 2 2 357424 1258 17 $799,900 $638.83 $799,900 $629.91
14
population
6,965
average household income
$183,655
median household income
$112,377
total employees
1,296total employees
34,560total employees
61,398
estimated households
3,109estimated households
21,594estimated households
49,772
average household income
$172,506
median household income
$117,354
average household income
$182,481
median household income
$126,794
population
51,343 population
122,005
5 miles3 miles1 mile
2020 demographics
for more information, please contact
AL APUZZOAL [email protected]@lee-associates.comDRE #01323215DRE #01323215
KYLE CARRUTHERSKYLE CARRUTHERS858.458.3353858.458.3353kcarruthers@[email protected] #01959946DRE #01959946
MATT [email protected] #01367183
Lee & Associates, Inc - North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA 92008 | T: 760.929.9700 F: 760.929.9977 | www.lee-associates.com/sandiegonorth