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SUMMARY OF THE BASIS FOR JUST COMPENSATION (Continued) <br />Value of Parent Property, Before Acquisition: (Continued) <br />Sales Comparison Approach: (Continued) <br />The Sales Comparison Approach was utilized to estimate the value of the subject land parcel after an <br />investigation and analysis was conducted of recent sales involving reasonably comparable land parcels <br />within the greater subject market area. <br />Land Value: <br />Following is a summary of those sales considered helpful when estimating the value of the subject land, <br />as if vacant and available for a highest and best use development. <br />C. <br />3-16 CC 18,225 sf* no ves <br />Street <br />$1,350,000. <br />Data Date Zonula <br />Land Size Alley Corner <br />Frontage <br />Sale Price $ Per SF <br />A. 8-15 C-2 <br />15,000 sf yes yes <br />250 feet <br />$ 500,000. $33.33 <br />NWC Walnut St. <br />and Orange Ave., Santa Ana <br />$ <br />870,000. <br />B. 1-16 C-2, R- <br />34,721 sf no yes <br />489 feet <br />$1,975,000. $56.88 <br />2 <br />E. <br />7-16 C-1 11,328 sf no no <br />E/S CITand Ave., <br />btwn. 1 ` St. and 2°d St., Santa Ana <br />440,000. <br />C. <br />3-16 CC 18,225 sf* no ves <br />270 feet <br />$1,350,000. <br />$74.07 <br />NWC South St. and Canmrrita Rd., Cerritos <br />D. <br />7-16 CG 12,000 sf yes no <br />100 feet <br />$ <br />870,000. <br />$72.50 <br />E/S Beach Blvd., 230' N/O Commonwealth Ave,, <br />Buena Park <br />E. <br />7-16 C-1 11,328 sf no no <br />96 feet <br />$ <br />440,000. <br />$38.84 <br />N/S 5"' St., 306' W/O Bristol St., Santa Ana <br />F. <br />8-16 CG 15,682 sf no yes <br />250 feet <br />$ <br />630,500. <br />$40.21 <br />NEC Ball Rd. and Western Ave., Anaheim <br />*Net land area, exclusive of future required sheet dedication. <br />The properties surveyed are located within the general subject vicinity, and represent the most recent <br />comparable land sales available for analysis, The properties range in size from 11,328 to 34,721 <br />square feet of land area. The overall purchase prices range from $440,000 to $1,975,000, reflecting a <br />range of value between $33.33 and $74.07 per square foot of land area. <br />Certain of the land sales data considered extended over a time period back to the third quarter of 2015. <br />The time frame permitted the development of a rather comprehensive real estate market profile. The sales <br />employed in this report are set forth in chronological order, and took place between August, 2015 and <br />August, 2016. Differing market conditions were considered in the analysis of the individual sale <br />properties. <br />75N-19 <br />