20D - AA VACANT LAND PURCHASE - Laserfiche WebLink

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VALUATION ANALYSIS (Continued) SALES COMPARISON APPROACH: (Continued) Land Value: (Continued) Sales Comparison Analysis: (Continued) The property was originally offered for sale at $650,000 and was on the market 144 days. The purchase price was $650,000, which included $162,500 cash down to a concurrent first trust deed note of 487,500 with First Cap. The cash down payment represents 25% of the total purchase price. The deed recorded April 15, 2016 as Document No, 165137. Further details regarding the transaction are summarized as follows: Grantor: Okada Revocable Trust Grantee: Martin & Carmen L. Leon Assessor's Parcel No.: 131-641-08 Data C Located at the southeast corner of Cypress Avenue and Adams Street, Santa Ana. The site was vacant at the time of sale; immediate development plans are unknown. Based on current zone standards, the site can accommodate two dwelling units. The developable density reflects one unit per 4,572 square feet of land area. The parcel has a nonsignalized corner location across from industrial uses and adjacent to a railroad corridor, effectively rectangular land configuration, level topography, and contains 9,148 square feet of land area. The property was originally offered for sale at $285,000 and was on the market 14 days. The purchase price was $273,000, all cash. The deed recorded May 23, 2016 as Document No. 230237. Further details regarding the transaction are summarized as follows: Grantor: PM Investment Groups, Inc. Grantee: Mira Properties, LLC Assessor's Parcel No.: 016-044-12 Data D Located on the west side of Hewes Street, beginning 113 feet south of Chapman Avenue, Orange. The site was vacant at the time of sale and situated within a commercial zone district. An LrDOARDAND ASSOCIATES APPRAISERS -CONSULTANTS 12 20D-50