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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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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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Basic Data and Opinions <br />1. Interest Valued <br />a. Larger Parcel - Fee Simple — Full Acquisition <br />2. Date of Value: June 13, 2016 <br />3. Date of Report: July 30, 2016 <br />4. Opinion of Highest and Best Use <br />As Vacant: Industrial use <br />As Improved: Redevelopment to an industrial use <br />5. Zoning of Subject Parcel: M-1, Light Industrial <br />6. Larger Parcel Land Area: 0.54 acres (23,441 SF) <br />7. Property Name: OCStreet Car Project— Rivera Parcel <br />8. Assessor's Parcel Number (APN): 007-110-17 <br />9. Property Owner: Rudolph Perez Rivera and Hardball <br />Properties, LLC <br />10. Property Address: 2020 West 5ch Street <br />Santa Ana, CA 92703 <br />11. Structural Improvements: The site is improved with six heavily - <br />depreciated, detached single -story <br />residential structures. <br />12. Studies <br />Cost Approach: Not Applicable, Not Utilized <br />Sales Comparison Approach: Applicable, Utilized <br />Income Approach: Not Applicable, Not Utilized <br />13. Attachments <br />Comparable Land Sales and Conclusions: Attachment 1 <br />75E-16 <br />
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