approved development site...karl strauss brewing company 13. la jolla tap & grill tels 14. la...
TRANSCRIPT
APPROVED DEVELOPMENT SITE
801 PEARL STREET
LA JOLLA, CA 92037
4660 La Jolla Village Drive, Suite 100
San Diego, CA 92122
www.colliers.com
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square
footage, condition, or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
EXECUTIVE SUMMARY
PROPERTY DETAILS
PLANS
MLS SALE COMPS
FEE SCHEDULE
SALES PROCESS
DUE DILIGENCE
Colliers International is pleased to offer a fully entitled development site at 801 Pearl St in La Jolla, CA. Located in the
heart of the Village, the property is within walking distance to all the interesting, shops, cafes and restaurants that make
La Jolla one of San Diego’s most desirable areas. Within several blocks are key neighborhood amenities like, Vons Grocery,
CVS Drugstore, Public Library, Post Office, neighborhood retail, all major Banks and the beautiful parks along the coast.
La Jolla schools consistently rank in the top five public schools in San Diego with La Jolla Elementary, Muirlands Middle
School and La Jolla High School just blocks from the property. Cultural and entertainment options in the Village include a
brand new multiplex Cinema (The Lot), the La Jolla Museum of Contemporary Art, the Athenaeum, the La Jolla Playhouse
and a new La Jolla Symphony venue is currently under construction. Outdoor activities often center around famous local
beaches like La Jolla Cove, WindanSea Beach and La Jolla Shores. Golf and tennis enthusiasts can enjoy the La Jolla Beach
& Tennis Club and the renowned Torrey Pines Golf Course.
The project at 801 Pearl Street has been approved by the La Jolla Community Planning Group and the City of San Diego
Planning Commission. The project mix contains 12 homes (9 townhomes & 3 flats) along with 5,300 sf of retail suites over
37 parking spaces.
High-end Coastal areas like La Jolla have shown tremendous demand and pricing strength relative to other areas. With
limited new inventory, excellent demographics and top amenities all make 801 Pearl Street an excellent development
opportunity.
OFFER DATE: TUESDAY, OCTOBER 25, 2016
4660 La Jolla Village Drive, Suite 100
San Diego, CA 92122
www.colliers.com
ASKING PRICE: $4,995,000
ADDRESS 801 Pearl Street & APN: La Jolla, CA 92037 APN: 350-611-01
LAND AREA: 20,980 SF
ENTITLEMENTS: Planning Commission Approval
PUBLIC SCHOOLS: La Jolla Elementary - 980 API Muirlands Middle School - 901 API La Jolla High School - 866 API
4660 La Jolla Village Drive, Suite 100
San Diego, CA 92122
www.colliers.com
RESIDENTIAL SUMMARY
• (2) - 1 BEDROOM / 1.5 BATHS
• (5) - 2 BEDROOM / 2 BATHS
• (5) - 3 BEDROOM / 2.5 BATHS
FLAT #1...............................792 SF 1 Bed FLAT #2...............................970 SF 1 Bed TOWNHOME #3 .............1,010 SF 2 Bed TOWNHOME #4 .............1,180 SF 2 Bed TOWNHOME #5 .............1,730 SF 3 Bed TOWNHOME #6 .............1,730 SF 3 Bed TOWNHOME #7 .............1,600 SF 2 Bed TOWNHOME #8 .............1,600 SF 2 Bed TOWNHOME #9 .............1,600 SF 2 Bed TOWNHOME #10 ...........1,800 SF 3 Bed TOWNHOME #11 ...........1,800 SF 3 Bed FLAT #12 .........................2,274 SF 3 Bed Total Residential SF: 18,086 SF
COMMERCIAL SUMMARY
RETAIL SPACE .................5,340 SF (Divisible into four spaces)
PARKING SUMMARY
RETAIL: 5,340 SF x 1.7/1,000 SF RESIDENTIAL: 1 BED FLATS - 2 Units x 1.25 Spaces 2 BED TOWNHOMES - 5 Units x 1.75 Spaces 3 BED FLAT/TH’S - 5 Units x 2.25 Spaces MOTORCYCLE SPACES - 2 Spaces BICYCLE SPACES - 7 Spaces Required Parking Spaces – 32 Spaces Provided Parking Spaces – 37 Spaces
4660 La Jolla Village Drive, Suite 100
San Diego, CA 92122
www.colliers.com
NA U T I L US ST
SO
LE
DA
D M
O U N TA I N RD
PEARL STF
AY
E A
VE
LA J
OLLA
BLV
D
GIR
AR
D A
VE
La JollaCountry Club
La JollaCove
P
ROSP
ECT
ST
TORR
EY P
INES
RD
OLIVET
LN
PEARL ST
NAUTILUS ST
EADE
S AV
E
LA
JOLL
A B
LVD
PA
CI F
I C O
CE
AN
Bishop’s School
RESTAURANTS
1. George’s
2. Eddie V’s
3. Restaurant 910
4. Brockton Villa
5. El Pescador
6. Harry’s Coffee Shop
7. The Cottage La Jolla
8. Puesto Mexican
9. Herringbone
10. Prepkitchen La Jolla
BREWERIES
11. La Jolla Brewing Company
12. Karl Strauss Brewing Company
13. La Jolla Tap & Grill
HOTELS
14. La Jolla Cove Suites
15. La Valencia Hotel
16. Inn by the Sea at La Jolla
17. Grand Colonial La Jolla
18. La Jolla Inn
ENTERTAINMENT & ARTS
19. The LOT – Movie Theatre
20. Museum of Contemporary Art San Diego
21. Anthenaeum Music & Arts Library
22. La Jolla Music Society – The Conrad
BANKS
23. First Citizens Bank
24. Bank of America
25. Wells Fargo Bank
26. U.S. Bank
27. Chase Bank
28. City National Bank
29. Union Bank
30. Regents Bank
RESTAURANTS
1. George’s
2. Eddie V’s
3. Restaurant 910
4. Brockton Villa
5. El Pescador
6. Harry’s Coffee Shop
7. The Cottage La Jolla
8. Puesto Mexican
9. Herringbone
10. Prepkitchen La Jolla
BREWERIES
11. La Jolla Brewing Company
12. Karl Strauss Brewing Company
13. La Jolla Tap & Grill
HOTELS
14. La Jolla Cove Suites
15. La Valencia Hotel
16. Inn by the Sea at La Jolla
17. Grand Colonial La Jolla
18. La Jolla Inn
ENTERTAINMENT & ARTS
19. The LOT – Movie Theatre
20. Museum of Contemporary Art San Diego
21. Anthenaeum Music & Arts Library
22. La Jolla Music Society – The Conrad
BANKS
23. First Citizens Bank
24. Bank of America
25. Wells Fargo Bank
26. U.S. Bank
27. Chase Bank
28. City National Bank
29. Union Bank
30. Regents Bank
RETAIL
31. Brooks Brothers
32. Gap
33. Ralph Lauren
34. Sur La Table
35. Vons
36. BevMo!
37. Ferrari of San Diego
38. Bentley La Jolla
39. CVS
40. 24 Hour Fitness
41. Maserati of San Diego
42. Lululemon Athletica
43. Reebok
BANKS
RETAIL
HOTELS
ENTERTAINMENT & ARTS
BREWERIES
RESTAURANTS
801 PEARL STREET
AMENITIES MAP
2015 Income1 Mile Ring 3 Mile Ring 5 Mile Ring
Average Household Income $155,834 $168,041 $146,798Median Household Income $98,438 $105,486 $94,593
Income $150,000 + 29.9% 33.4% 28.8%Income $125,000 - $149,999 7.6% 7.8% 7.5%Income $100,000 - $124,999 11.9% 11.5% 11.2%Income $ 75,000 - $99,999 10.1% 11.2% 12.0%Income $ 50,000 - $74,999 13.1% 12.0% 13.1%Income $ 35,000 - $49,999 8.5% 7.8% 9.3%Income $ 25,000 - $34,999 5.1% 5.1% 5.8%Income $ 15,000 - $24,999 7.5% 5.8% 5.8%Income $ 10,000 - $14,999 2.9% 2.3% 2.6%Income $ 0 - $9,999 3.5% 3.2% 4.0%
HouseholdsFamily Households 81.5% 81.5% 75.3%Non-family Households 18.5% 18.5% 24.7%
Total Daytime Population 20,781 33,559 51,007Civilian 16+, at Workplace 11,734 17,608 24,360Civilian 16+, Unemployed 282 569 1,466Civilian 16+, Work at home 744 1,823 3,015
Educational AttainmentGraduate Degree 33.1% 36.9% 33.9%Bachelor's Degree 34.7% 34.4% 36.7%Associates Degree 5.0% 3.8% 4.1%
DEMOGRAPHICS
1 MILE
2 MILES
3 MILES
4660 La Jolla Village Drive, Suite 100
San Diego, CA 92122
www.colliers.com
4660 La Jolla Village Drive, Suite 100
San Diego, CA 92122
www.colliers.com
4660 La Jolla Village Drive, Suite 100
San Diego, CA 92122
www.colliers.com
4660 La Jolla Village Drive, Suite 100
San Diego, CA 92122
www.colliers.com
4660 La Jolla Village Drive, Suite 100
San Diego, CA 92122
www.colliers.com
4660 La Jolla Village Drive, Suite 100
San Diego, CA 92122
www.colliers.com
4660 La Jolla Village Drive, Suite 100
San Diego, CA 92122
www.colliers.com
4660 La Jolla Village Drive, Suite 100
San Diego, CA 92122
www.colliers.com
4660 La Jolla Village Drive, Suite 100
San Diego, CA 92122
www.colliers.com
Fee Per Unit
Avg. 1,507 ATT Homes
RTCIP 2016 MDU $2,153.00
DIF (2016 - La Jolla) $5,396.00
School Fees - SD Unified ($3.20 sq. ft.) $4,822.40
Affordable Housing ($9.51 sq. ft.) $14,331.57
Water Fee ($3,047 per EDU) $2,529.01 *
Sewer ($4,124 per EDU) $3,422.92 *
SDCWA 3/4" Meter $4,963.00
TOTAL FEES $37,617.90
Fee 5,340 SF
Commercial Unit
RTCIP 2016 Retail ($0.85 sq. ft.) $4,539.00
Transportation (DIF) ($192.00 ADT)
Fire (DIF) ($167.00 per 1,000 sq. ft.) $891.78
School Fees - SD Unified ($0.51 sq. ft.) $2,723.40
Affordable Housing N/A
Water Fee ($3,047 per EDU) $3,047.00
Sewer ($4,124 per EDU) $4,124.00
SDCWA 3/4" Meter $4,963.00
TOTAL FEES $20,288.18
Assumptions: 12 attached units with an average of 1,507 sq. ft. and a total
site area of 20,980 (apx. 24 du/ac)
* 25 units/ac = 0.83
Assumptions: Retail space of 5,340 sq. ft. fed by one ¾” meter
4660 La Jolla Village Drive, Suite 100
San Diego, CA 92122
www.colliers.com
OFFER DATE: Tuesday, October 25, 2016
ASKING PRICE: $4,995,000
OFFERS: Victor Krebs
Colliers International
4660 La Jolla Village Drive, Suite 100
San Diego, CA 92122
(858) 677-5334
4660 La Jolla Village Drive, Suite 100
San Diego, CA 92122
www.colliers.com
Development Permit (SDP & CDP)
Tentative Map
Phase 1 Environmental Report
Phase 2 Environmental Report
UST Removal & PMP Plan
Geotechnical Report
Traffic Study
ALTA Survey
Acoustical Report
Comps
801 Pearl St - Plans - 1-11-16 - (color)