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ATTACHMENT <br />STATEMENT OF JUST COMPENSATION <br />Assessor's Parcel: 004-111-22 <br />Property Owner: Leticia Carrillo, as her sole and separate property <br />Property Address: <br />1302 West 11th Street <br />Santa Ana, California <br />Location of Parent Property: <br />Southwest corner of 11th Street and Bristol Street, within the <br />corporate limits of the City of Santa Ana. <br />Description of Parent <br />The property is presently improved with a single family residence of <br />Property: <br />wood frame and stucco construction. The floor plan includes a <br />living room, dining room, kitchen, three bedrooms, and one <br />bathroom. The dwelling contains 1,308 square feet and was <br />originally constructed in 1950. Other appurtenant on-site <br />improvements located within the boundaries of the subject parcel <br />include a legally permitted commercial building containing 410 <br />square feet, single car garage, concrete paving, wood fencing, <br />wrought iron fencing, and ornamental landscaping. Overall <br />condition of the dwelling is rated fair -poor, considering the age. <br />While the dwelling is presently occupied, it suffers from relatively <br />extensive deferred maintenance and physical deterioration. <br />Renovation and upgrading is necessary in order to maintain a <br />competitive position in the market upon resale. The development <br />is situated on a parcel containing 6,534 square feet of land area. <br />Zoning: Bristol Street Corridor Specific Plan; the property has been <br />considered and appraised under the previous zone classification of <br />C-5 (arterial commercial) as a means of avoiding project influence. <br />Topography: Effectively level topography. <br />Utilities: In place at site. <br />Highest and Best Use: Highest and best use is defined as the reasonably probable and <br />legal use of land, which is legally permissible, physically possible, <br />and financially feasible that results in the highest value. Highest <br />and best use analysis is used in the appraisal process to identify <br />comparable properties and, where applicable, to determine <br />whether the existing improvements should be retained, renovated, <br />or demolished. The results of the highest and best use analysis <br />are: <br />As if Vacant: Commercial development. <br />As improved: Existing use <br />75F-25 <br />