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ATTACHMENT <br />The property is being appraised for the possible full acquisition by the City of Santa <br />Ana to assist in negotiations with the property owner for the possible full acquisition of <br />the subject property as a part of the Bristol Street Widening Improvement Project. <br />DESCRIPTION OF THE SUBJECT PROPERTY <br />Ownership: Robert E. Marlin and Jacoba E. Marlin, Trustees <br />of the Robert E. Marlin and Jacoba E. Marlin 1981 <br />Family Trust dated April 14, 1981, fifty percent <br />(50%) interest; and James S. Cohen and Celia C. <br />Cohen, and successors, as Trustees of the Cohen <br />Family Trust, dated May 24, 2005, fifty -percent <br />(50%) interest <br />Location: 1023 North Bristol Street, <br />Santa Ana, California 92703 <br />Assessor's Parcel No.: 405-262-33 <br />Date of Value: January 24, 2017 <br />Property Rights Appraised: Fee simple <br />Site Area: Approximately 7,263 square feet, or 0.17 acre, <br />according to public records. <br />Zoning: According to the City, the larger parcel is zoned O <br />(Park), within the Bristol Street Corridor Specific <br />Plan designated by the City of Santa Ana. The <br />purpose of the O District is to provide for <br />permanent open spaces in the city. <br />Present Use: Commercial <br />Highest and Best Use Retail development <br />(As Vacant): <br />Highest and Best Use Continuing the existing use <br />(As Improved): <br />Improvements: According to information obtained from public <br />records and verified by physical measurements of <br />the building, the building has a gross building area <br />of ±1,545 square feet. It was originally constructed <br />in 1950. <br />Description of Acquisition: A full acquisition is proposed <br />75E-10 <br />