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The property is being appraised for the possible full acquisition by the City of <br />Santa Ana to assist in negotiations with the property owner for the possible full <br />acquisition of the subject property as a part of the Bristol Street Widening Improvement <br />Project. <br />DESCRIPTION OF THE SUBJECT PROPERTY <br />Ownership: Alda South, LLC, a Limited Liability Company, as to <br />an undivided % interest; and Vicale, LLC, a Limited <br />Liability Company as to an undivided '/z interest. <br />Location: 2240 South Bristol Street, Santa Ana, California <br />92704 <br />Assessor's Parcel No.: 408-471-06 <br />Date of Value: November 29, 2016 <br />Property Rights Appraised: Fee simple <br />Site Area: Approximately 21,300 square feet, or 0.49 acre, <br />according to public records. <br />Zoning: The parcel is zoned C-2 (General Commercial) and O <br />(Park) within the Bristol Street Corridor Specific Plan <br />designated by the City of Santa Ana. Only the 10 feet <br />along Bristol Street is zoned O, while the remainder is <br />zoned C-2. Prior to 1991, the entire site was zoned C- <br />2. The General Plan designation is GC 0.5 (General <br />Commercial). <br />Present Use: <br />Highest and Best Use <br />(As Vacant): <br />Highest and Best Use <br />(As Improved): <br />Commercial <br />Retail development <br />Continue the existing use <br />Improvements: According to information obtained from public records <br />and verified by physical measurements of the <br />building, the building has a gross building area of <br />2,894 square feet. It was originally constructed in <br />1980, and is in average condition for its age. <br />75L-24 <br />