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75R-17 <br />ATTACHMENT 3 <br />STATEMENT OF JUST COMPENSATION <br />Assessor's Parcel: <br />015-194-28 <br />Property Owner: <br />Dianne Rose Mendez, a married woman as her sole and separate <br />properly. <br />Property Address: <br />2223 South Bristol Street <br />Santa Ana, California <br />Location of Parent Property: <br />East side of Bristol Street, beginning 230± feet north of Warner <br />Avenue, within the corporate limits of the City of Santa Ana. <br />Description of Parent Property: <br />The property is presently improved with a commercial office <br />building of wood frame and stucco construction. The building <br />contains 1,194 square feet; and was originally constructed in 1951±. <br />Other appurtenant on-site improvements located within the <br />boundaries of the subject parcel include a four -car carport structure, <br />concrete paving, concrete block walls, business sign, concrete <br />curbing, concrete auto stops, metal bollards (auto stops), inground <br />irrigation system, and ornamental landscaping. Overall condition of <br />the subject improvements is rated average -good, considering the <br />age. The development is situated on a parcel containing 6,122 <br />square feet of land area. <br />Zoning: <br />Bristol Street Corridor Specific Plan. The property has been <br />appraised under the previous zone classification of C-5 (arterial <br />commercial) as a means of avoiding project influence. <br />Topography: <br />Effectively level topography. <br />Utilities: <br />In place at site. <br />Highest and Best Use: <br />Highest and best use is defined as the reasonably probable and legal <br />use of land, which is legally permissible, physically possible, and <br />financially feasible that results in the highest value. Highest and <br />best use analysis is used in the appraisal process to identify <br />comparable properties and, where applicable, to determine whether <br />the existing improvements should be retained, renovated, or <br />demolished. The results of the highest and best use analysis are: <br />As if Vacant: Commercial development. <br />As improved: Existing use. <br />Date of Value: <br />December 12, 2016 <br />Public Use for Property: <br />Bristol Street Improvement Project. <br />Estate to be Acquired: <br />Fee simple acquisition of entire subject property. <br />Legal Description: <br />Lot 189, Tract No. 1192, per map recorded in Book 39, Page 17 of <br />Maps, in the office of the County Recorder, County of Orange, <br />California. <br />Area to be Acquired: <br />6,122 square feet of land area (full acquisition). <br />Market Value: <br />$650,000. <br />75R-17 <br />