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VALUATION ANALYSIS (Continued) <br />SALES COMPARISON APPROACH: (Continued) <br />• Real estate brokers and salespersons: A number of active <br />brokers and salespersons within the greater subject market <br />area were interviewed regarding existing and historical lease <br />and sales data, as well as value patterns and trends. <br />• Public officials: Various public officials were interviewed <br />regarding (1) existing or proposed projects which have an <br />impact on real property values, (2) economic trends, (3) level <br />of public services, (4) zone classifications and building <br />standards, and (5) properly tax structure and assessment <br />districts. <br />• Public officials: Information was gathered and studied <br />regarding population, unemployment levels, employment <br />centers, residential sales data as well as rental data, <br />and <br />other demographic and economic factors. <br />Land Value: <br />Following is a summary of those sales considered helpful when <br />estimating <br />the value of the subject underlying land parcel. <br />No. Dev. <br />Data Date Zoning Land Area Units Density Sale Price <br />Per SF <br />A. 3-16 RM 36,138 sf 13 1/2,780 sf $1,535,000.' <br />$42.48 <br />W/S Newland St., 140'SIO Slater Ave., Huntington Beach <br />B. 4-16 RH 18,125 sf 6 1/3,021 sf $ 650,000. <br />$35.86 <br />SWC Western Ave. and Rutledge Ave., Stanton <br />C. 5-16 R-2 9,148 sf 2 1,4,574 sf $ 273,000. <br />$29.84 <br />SEC Cypress Ave. and Adams St., Santa Ana <br />D. 9-16 C-12 19,688 sf 12 1/1,641 sf $ 950,000. <br />$48.25 <br />W/S Hewes St., 1 13' S/O Chapman Ave., Orange <br />E. 2-17 RM 20,413 sf 5 1/4,083 sf $ 730,000. <br />$35.76 <br />NIS Kermore Ln., 172'W/0 Keenan PI., Stanton <br />F. 7-17 R-2 20,196 sf 3 1/6,732 sf $ 620,000. <br />$30.70 <br />E/S Bewley St., 80' N/O 11" St., Santa Ana <br />'Inclusive of estimated demolition and clearing expenses. <br />! Property rezoned for development of multiple family housing. <br />LUDGARD AIV D ASSOCIATES <br />APPRAISERS -CONSULTANTS <br />6 <br />20D-44 <br />