5930 2.48 acre infill development site (residential ......the encanto community plan seeks to expand...
TRANSCRIPT
CHRIS HOLDER, SIOR Senior Vice President Dir +1 858 677 5372 Lic No. 00894854 [email protected]
MARK LEWKOWITZ
First Vice President Dir +1 858 677 5361 Lic No. 01785338 [email protected]
CONTACT
San Diego, CA 92114
5930 Division St
2.48 Acre Infill Development site (residential/commercial)
close to I-805 and I-5 freeway
Panoramic/coastal view
Division Street
Valen
cia P
kwy
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Table of Contents
I. PROJECT SPECIFICATION .............................................. 3
II. NEIGHBORHOOD DESCRIPTION ..................................... 4
III. MAPS & AERIALS .......................................................... 5-10
IV. AMENITIES MAP ............................................................ 11
V. SCHOOL MAP ................................................................. 12
VI. DEMOGRAPHICS ............................................................ 13
VII. OFFERING GUIDELINES .................................................. 14
PROPERTY ADDRESS: 5930 Division Street, San Diego, CA 92114-6615
PROJECT: Corner of Valencia Pkwy and Division Street
ZONING:
CN-1-3 (Neighborhood Mixed Use and Commercial)
Mixed Use: Permits a density of 1 dwelling unit for each 1,500 square feet of lot area with a commercial component (29 du/ac).
Commercial Development: 30’ height limit, FAR=1
SIZE: 2.48 AC
PARCEL #: 553-060-20
AFFORDABLE HOUSING DENSITY BONUS: Available
SERVICES:
Water: City of San Diego Water and Sewer Utility Sewer: City of San Diego Water and Sewer Utility Gas & Electric: SDG&E Cable: Cox Telephone: Pacific Bell/SBC Schools: San Diego Unified School District Fire: National City Fire Department Station 33 Police: Southeastern Police Department Bus Route: Line 967 @ Site
EXISTING IMPROVEMENTS: 2,000 SF church building
TOPOGRAPHY: Relatively flat, sloping to Division Street
COMMUNITY PLAN: Encanto Community Plan
ASKING PRICE: $2,400,000
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Zoning (link)
CN-1-3 Official Zoning Map (link)
Affordable Housing Density Bonus (link)
ESL Regulations (link)
Planning Department Web Page (link)
Community Plan (link)
Bus Line Map (link)
PROJECT DOCUMENTS AVAILABLEON WEB LINKS BELOW:
PROJECT SPECIFICATION
The subject property at 5930 Division Street is located within the O’Farell community of San Diego’s Encanto Neighborhoods. The property is located approximately 1½ miles east of I-805, 3½ miles west of SR-125, 2 miles south of SR-94 and 2½ miles north of SR-54. It is centrally located in San Diego, less than 2 miles from National City, 3 miles from Chula Vista and Bonita, and 5 miles from Downtown San Diego.
According to 2017 demographic estimates from Pitney-Bowes/Gadberry Group, there 28,449 residents within 1 mile of the property and 240,816 residents within 3 miles. Within next 5 years, the population is expected to grow by 4.7% and 2.9% within the respective areas. The average household income is $78,198 within 1 mile and $67,449 within 3 miles. Daytime populations are 20,214 and 183,324 within 1 and 3 miles, respectively.
Neighborhood Overview
The community of Encanto Neighborhoods, or “enchantment” in Spanish, was a rural but self-sufficient town for much of the late nineteenth and early twentieth centuries, connected to the city by rail but containing little more than rolling hills of open space and farmland. It was not until after World War II that the area was targeted for suburban development and population boomed, with new residents eager to capitalize on the availability of large lots located so close to the city center. Today Encanto Neighborhoods is one of the most culturally diverse communities in the City of San Diego, reflecting its long history as an ethnic enclave, and as one of the first communities within the City where African-Americans, Mexican-Americans and Asian-Americans could own land, businesses and homes. Encanto Neighborhoods’ deep cultural heritage, social resiliency and legacy of diversity has shaped its past and will continue to inform its future, through this Community Plan and the land use and development in the decades to come.
Residential Infill Opportunity Areas
The Encanto Community Plan seeks to expand and preserve the supply of housing through the construction of new units as well as the preservation and restoration of older homes. With its already vibrant community, central location and good access to transit, Encanto Neighborhoods provides an opportunity for mixed-use infill and commercial/service oriented development.
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NEIGHBORHOOD DESCRIPTION
SITE
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LOCATION MAP
AVA STDIVISION ST
HONEYSUCKLE LN
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AERIALS | CLOSE
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AERIALS | SITEPLAN OVERLAY
AVA STDIVISION ST
HONEYSUCKLE LN
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SITE PLAN
EMPLOYMENT CENTERS
Chula Vista
7.0mi to Downtown San Diego
9.7mi to Mission Valley
6.1mi to Chula Vista
LOCATION:
Downtown
Mission Valley
SITE
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R
Paradise Valley Hospital
DIVISION ST
E 4TH ST
EUCL
ID A
VE
PARADISE VALLEY RD
SKYLINE DR
E 8TH ST
PLAZA BLVD
LOGAN AVE
E PLAZA BLVD
Alleghany St
SITE
Bayview Hills Recreation Center
Willie Henderson Sports Complex
El Toyon Park
Martin Luther King Jr Memorial Park
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LOCAL AMENITIES
SITE
SCHOOL MAP
Morse High School
Porter NorthElementary
IRA Harbison Elementary
San Diego Academy
El Toyon Elementary
Palmer Way Elementary
Paradise HillsElementary
San Diego School of Performing Arts
Perry Elementary
Bethune Elementary
NYEElementary
O’Farrell Community SchoolValencia Park
Elementary
St Rita’s Catholic School
Lincoln High School
Porter Elementary
Knox Middle
IMPERIAL AVE
S WOODMAN ST
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DIVISION ST
E 4TH ST
EUCL
ID A
VE
PA
RADISE VALLEY RD
SKYLINE DR
E 8TH ST
PLAZA BLVDLOGAN AVE
ALLEGHANY ST
2000 Total Population 26,4412010 Total Population 26,3782017 Total Population 28,4492022 Total Population 29,787Population Change 2000 to 2010 -.2%Population Change 2000 to 2017 7.6%Population Change 2010 to 2022 12.9%Population Change 2017 to 2022 4.7%
2000 Households 6,7512010 Households 6,9222017 Households 7,3342022 Households 7,678Household Change 2000 to 2010 2.5%Household Change 2000 to 2017 8.6%Household Change 2010 to 2022 10.9%Household Change 2017 to 2022 4.7%
up to $24,999 18.3%$25,000 to $49,999 21.2%$50,000 to $74,999 22.1%$75,000 to $124,999 27.0%$125,000 to $199,999 8.8%$200,000 or more 2.6%
Median Home Value $443,300Median Age 36.419 and Under 25.1%20 to 29 16.6%30 to 39 12.6%40 to 49 11.0%50 to 64 19.6%65 and Over 15.1%
Civilian employed population 16 years and over 11,184White collar 49.4%Blue collar 50.5%
2000 Median Income $44,6032010 Median Income $58,1702017 Median Income $61,1872022 Median Income $63,660Median Income Change 2000 to 2010 30.4%Median Income Change 2000 to 2017 37.2%Median Income Change 2010 to 2022 9.4%Median Income Change 2017 to 2022 4.0%
Average Household Size 3.8
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DEMOGRAPHICS
Population Trend Household Trend2017 Household Income
2017 Home Value2017 Age
2017 Occupation
Household Income Trend
2017 Household Size
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OFFERS The offering price is $2,400,000. The Buyer should base their offer upon a price they can support.
DEPOSIT An initial deposit of $100,000 shall be placed into escrow at the execution of Purchase Agreement and shall be refundable during the Due Diligence Period. Upon Buyer’s election to proceed with acquisition of the Property at the end of the Due Diligence Period, the deposit shall be increased to $200,000 and the entire deposit shall be non-refundable except in the case of a default or breach by Seller prior to closing. The balance of the purchase price shall be paid at Closing.
OFFERS DUE Deadline date to be determined.
Chris Holder, SIOR / Mark Lewkowitz
c/o Colliers International
4350 La Jolla Village Drive, Suite 500
San Diego, CA 92122
Email: [email protected] / [email protected]
DUE DILIGENCE Buyer shall have a period to be determined from the Effective Date of the Purchase Agreement to perform whatever studies it may desire on the Property, including, but not limited to, market studies, engineering and environmental reviews, feasibility in light of entitlements, verification of government approvals, CFD obligations, tax rates, clear title, etc.
CLOSING Buyer shall close fifteen (15) days after the end of the Due Diligence Period.
DISCLAIMER This document has been prepared by Colliers International for advertising and general information only. Neither Colliers International nor the Seller makes any guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. Colliers International is a worldwide affiliation of independently owned and operated companies.
BROKERAGE A commission to Colliers International and Buyer’s Broker will be paid by Owner pursuant to a separate listing agreement.
OFFERING GUIDELINES
CONTACT
COLLIERS INTERNATIONAL4350 La Jolla Village Drive, Suite 500San Diego, CA 92122+1 858 455 1515 main +1 858 546 9146 faxcolliers.com/sandiego
CHRIS HOLDER, SIOR Senior Vice President Dir +1 858 677 5372 Lic No. 00894854 [email protected]
MARK LEWKOWITZ First Vice President Dir +1 858 677 5361 Lic No. 01785338 [email protected]
This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied,
regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International
excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of
Colliers International and/or its licensor(s). ©2018. All rights reserved