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VALUATION ANALYSIS (Continued) <br />SALES COMPARISON APPROACH: (Continued) <br />Land Value: (Continued) <br />Sales Comparison Analysis: <br />Following are comments regarding the various sale properties employed <br />herein. <br />Data A <br />Located on the west side of Newland Street, beginning 140 feet <br />south of Slater Avenue, Huntington Beach. The property is <br />improved with an older residential development which was <br />demolished and cleared from the site at a reported cost of <br />$135,000. The buyer intends to construct a residential <br />development containing 13 dwelling units. The developable <br />density reflects one unit per 2,780 square feet of land area. The <br />parcel has an interior (versus corner) location, effectively <br />rectangular land configuration, effectively level topography, and <br />contains 36,138 square feet of land area. <br />The purchase price was $1,400,000, all cash. The deed <br />recorded March 29, 2016 as Document No. 130888. Further <br />details regarding the transaction are summarized as follows: <br />Grantor: Pacific Coast Community Church <br />Grantee: Olson -Huntington Beach 3, LLC <br />Assessor's Parcel No.: 167-492-05, 06 <br />Data B <br />Located at the southwest corner of Western Avenue and <br />Rutledge Avenue, Stanton. The site is improved with a single <br />family residence which represents relatively nominal value in a <br />highest and best use context. The property is surrounded by <br />apartment building complexes and can reportedly <br />accommodate a development comprising 6 dwelling units <br />reflecting a density of one unit per 3,021 square feet of land <br />area. The parcel has a nonsignalized corner location along a <br />moderately traveled thoroughfare across from industrial <br />developments, trapezoidal land configuration, effectively level <br />topography, and contains 18,125 square feet of land area. <br />LIDGARDANDASSOCIATES <br />APPRAISERS.CONSULTANTS <br />11 <br />20D-49 <br />