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75E - PH - ACQUISITION 2016-2020 W 5TH ST
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75E - PH - ACQUISITION 2016-2020 W 5TH ST
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Last modified
6/1/2017 5:20:21 PM
Creation date
6/1/2017 5:04:21 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Public Works
Item #
75E
Date
6/6/2017
Destruction Year
2022
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Appraisal Summary Statement <br />OC Streetcar Project—Rivera Parcel <br />2020 West 5th Street <br />Santa Ana, Orange County, California 92703 <br />Summary of Salient Facts and Conclusions <br />Property Name OC Street Car Project - Rivera Pa rcel <br />Address 2020 West 5th Street <br />Zoning Designation <br />Santa Ana, Orange County, California 92703 <br />PropertyType <br />Industrial land <br />Owner of Record <br />Rudolph Perez Rivera and Hardball Propertl es, LLC <br />Tax ID <br />007-110-17 <br />Land Area <br />0.54 acres; 23,441 SF <br />Gross Building Area <br />4,181SF <br />Rentable Area <br />3,797 SF <br />Percent Leased <br />80% <br />Year Built <br />1938 <br />Zoning Designation <br />M-1, Ught Industrial <br />Highest and Best Use - As if Vacant <br />Industrial use <br />Highest and Best Use - As Improved <br />Redevelopment to an Industrial Use <br />Exposure Time; Marketing Period <br />6.12 months; 6.12 months <br />Effective Date of the Appraisal <br />June 13, 2016 <br />Date of the Report <br />June 30, 2016 <br />Property Interest Appraised <br />Fee Simple <br />Value Conclusion <br />Appraisal Premise Interest Appraised Dateof Value Value Conclusion <br />Fair Market Value larger Parcel Fee Simple Interest June 13, 2016 $724,000 <br />75E-14 <br />
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