4th AVENUE | POTENTIAL 10 UNIT SITE · 4th Avenue - Chula Vista LOCATION City of Chula Vista NUMBER...

DAVID SANTISTEVAN+1 858 677 5314Lic. No. 00913491

ERIN MCKINLEY+1 858 677 5312Lic. No. 01939372

4th AVENUE | POTENTIAL 10 UNIT SITE

4TH AVENUE

± 0.42 Acres577 4th Avenue | Chula Vista, CA 91910

| 2 | 577 4TH AVENUE

table of contents

I. PROPERTY OVERVIEW ................................................... 03

II. FEE SCHEDULE.............................................................. 05

III. AERIALS, PLANS AND ELEVATIONS .............................. 06

IV. RESALE COMPARABLES ................................................ 16

V. MARKET OVERVIEW ....................................................... 18

VI. SCHOOL INFO ................................................................ 19

VII. DEMOGRAPHICS ............................................................ 20

VIII. OFFERING GUIDELINES .................................................. 21

COLLIERS INTERNATIONAL | OFFERING MEMORANDUM | 3 |

LOCATION 577 Fourth Ave., Chula Vista, CA 91910

APNS 573-090-01

MUNICIPALITY City of Chula Vista

ACREAGE 0.42 (18,271 SF)

LEGAL DESC. 000505 1/4 SEC 138*Lot32*/EXC ELY 110 FT/WLY 265 FT OF NLY 115 FT OF*

DESCRIPTIVE SUMMARY 10 unit townhome project, each unit offers 360 SF roof top deck

ZONING R3

LIST PRICE $799,000

IN PROCESS

The project is wrapping up design review, and is in 2nd plan check with the City of Chula Vista. The project is being processed as an apartment site. Once permits are pulled, applicant/owner may submit to convert to condominiums. The plans have been prepared with this method in mind. Please refrain from contacting the City until an agreed upon LOI is in place.

Project Summary Unit Mix

PROPERTY OVERVIEW

UNIT TYPE SQ FT # OF UNITSA 1,364 2

B 1,338 2

C 1,357 2

D 1,355 2

E 1,381 2

TOTAL 10


4TH AVENUE


FEE SCHEDULE

Estimated Fee Schedule - Multi-Family

4th Avenue - Chula Vista

LOCATION City of Chula Vista

NUMBER OF UNITS 10

ACRES 0.42

PRODUCT TYPE attached

NUMBER OF BLDGS 2

PRODUCT SQ FT 1359

FEE PER UNIT COST NOTES

Western Transportation Development Impact Fees $2,556.00 High density 20.1 du+/acre

Public Facilities Fee - Overall City DIF $9,950.00 multifamily EDU

Park Acquisition & Development Fee - Western Territories $7,988.00 multifamily west of 805

Sewer Capacity Charge $2,953.02 one EDU $3738, Multi-family 0.79 EDU

SDCWA fee 3/4" $5,240.00

Sewer Connection Permit Admin Fee $45.00

Traffic Signal Fee $310.00 $38.75 per trip x 8 trips per unit)

Elementary School Fee $2,079.27 ($1.53 PSF) - Chula Vista Elementary

High School Fee $2,650.05 ($1.95 PSF)- Sweetwater High

Affordable Housing Fee n/a only applicable on projects over 50 units

Water Capacity Fee $3,235.68 multifamily (0.58 edu)

PER UNIT TOTAL COST $37,007.02

SILVER STRAND BLVD

PALOMAR ST

OXFORD ST

MONSERATE AVE

HILLTOP DR

NAPLES ST

L ST

L ST

MOSS STBROADW

AY

INDUSTRIAL BLVD

BROADWAY E ST

H ST

J ST

THIRD AVE

ORANGE AVE

MAIN ST MAIN ST

OLYMPIC PKWY

TELEGRAPH CANYO N RD

EAST H ST

PALM AVE PALM AVE

PPPPPPPAAAA

CCCCCIIIII

FFFFFFFIIIIIII

CCCCOOOO

CCEE

AANNNNN

SST


AERIALS | Far

* All plans and measurements are approximate - to be confirmed by buyer.

SITE

H ST

G ST

F ST

I ST

HALSEY ST

J ST

BRODWAY

THIRD AVE

4TH AVE

SITE


AERIALS | East Facing


AERIALS | South Facing

4TH AVENUE



4TH AVENUE

I ST

AERIALS | East Facing



SITE PLAN To view the full set of structural drawings, click here

| 10 | 577 4TH AVENUE

http://www.colliers-sandiego.com/utc/santistevan/4thavenue/4th-ave-arch.pdf

SITE PLAN

SDSD

SDSD

SDSD

SDSD

SDSD

SDSD

SDSD

SDSD

SDSD

SDSD

SDSD

SDSD

SDSD

SDSD

SDSD

w

S S S S S

S

S

S

S

S

S S

S

S

w

F F F F F

F F F F F

w F F F F F

w

w w

w

w

w

w

S

1/8"=1'-0"

SITE PLAN

#

1

6

97

83

15

16

17

19

33

22

25

13

10

4 12

30

2928

31

5

22

34

11

13

4

4

4

4 4 4 4

4

4

30

22

27

27

22

30

4

4

4

27

1

16

17

22

4

444 2727

22

44

4 4

CONTRACTOR TO COMPLY WITH ALL CAL/OSHAREQUIREMENTS.

VERIFY ALL EXISTING DIMENSIONS ANDCONDITIONS IN FIELD

GENERAL NOTES1. NEAREST EXISTING BUS STOPS TO PROJECT SITE IS LOCATED DIRECTLY IN FRONT OFPROPERTY ON 4TH AVENUE, AT THE SOUTH WEST CORNER OF LOT.2. PROVIDE BUILDING ADDRESS THAT IS VISIBLE AND LEGIBLE FROM THE STREETFRONTING THE PROPERTY PER FHPS POLICY P-00-6 (UFC 901.4.4) SEE EXTERIORELEVATIONS FOR LOCATION.3. ALL OUTDOOR LIGHTING SHALL BE SHADED AND ADJUSTED TO FALL ON THE SAMEPREMISES WHERE SUCH LIGHTS ARE LOCATED.4. DOWN SPOUTS SHALL BE DIRECTED INTO LANDSCAPED AREAS AND WALKWAYS SHALLSLOPE INTO LANDSCAPED AREAS WHERE FEASIBLE.5. NO GRADING PROPOSED6 NEAREST FIRE HYDRANT TO PROJECT SITE IS LOCATED @ THE NORTH-EAST CORNEROF I STREET AND 4TH AVENUE.

NOTE: NO PROPOSED SITE GRADING FORTHIS PROJECT

AREA OF FIRST FLOOR AT GRADE

LEGEND

NEW AREA OF DECOMPOSED GRANITE.PROVIDE 4" OF NEW COMPACTEDDECOMPOSED GRANITE AROUNDVEGETATION.

DOWNSPOUT

PROPERTY LINE

PROPOSED WATER LINE

EXISTING SEWER LINE

BACKFLOW PREVENTER

PL

NEW GAS METER

NEW ELECTRIC METER

EXISTING WATER LINE

SITE PLAN KEYNOTES1. New ten Unit Residences, see floor plans, sheets A1.1 - A2.32. New Garage, see floor plan, sheet A1.1.3. Existing concrete sidewalk fronting property to be replaced with city standard per public

improvement drawings.4. New Landscape area. See landscape drawings on L1.1.5. Existing site fence to be replaced with new wood fence at side and rear setbacks. Max. 6'-0"

high. See detail 8 /A7.1.6. Existing street to remain.7. Existing 4" sewer lateral main connection to remain. Verify in field.8. New 6" PVC - SDR35 Sewer Line at 2% Min. Per City Standards.9. OMIT10. Existing 3/4" water lateral and service to be credited towards new domestic service.11. New 4" sewer cleanout per City Standards.12. Existing Gas meter (by SDG&E) to be relocated.13. Existing 6" water main to remain. Verify in field.14. OMIT15. Construct current City Standard 25 ft. wide Non-Contiguous Sidewalk Concrete Drive Way

and apron.16. New Gas meter and Service to be installed. Coordinate with SDG&E.17. New Electrical meter and Service. Coordinate installation with SDG&E.18. OMIT19. Curb and gutter per Civil engineer, paint curb "NO STOPPING - FIRE LANE" in accordance

with Chula Vista Fire Department standards.20. OMIT21. Line of 1st floor, see A1.1.22. Line of 2nd floor, see A1.2.23. Existing one story single family residence and garage to be demolished.24. Existing concrete walkway to be demolished.25. Close existing non-utilized driveway with current City Standard curb, gutter and sidewalk.26. New trash and recycling receptacles, one each per unit, min 3'x3' area per receptacle. See

detail 1 / A7.1 for trash enclosure details.27. New fence - max 6'-0" high.28. Existing Electrical meter to be removed. Verify location in field.29. Existing underground Gas line to remain.30. New planter - max. 3'-6" high.31. Existing storm drain to remain.32. Existing chain link site fence to be demolished.33. Proposed 2 1/2" domestic water service and irrigation service with backflow assembly per

Sweetwater Authority standard specifications, see drawing 15-B.34. Proposed fire service with backflow assembly per Sweetwater Authority Standards

specifications, see drawing 15-A.35. New 2-1/2" SCH 80. PVC water line used for Fire services for units 1-10.36. New 11'x 25' Bio-Retention Basin.37. New Fire Control Room per the requirements of the Chula Vista Fire Department.38. New outdoor furniture. Model selection TBD per owner.

PL

PL

PL

PL

155.0'

20'-0"SETBACK

20'-3 3/4" 6'-3" 14'-5" 15'-8 1/2" 6'-3" 6'-1 1/2" 14'-9 3/4" 6'-3" 4'-2 1/4"

15'-0 1/4"REAR SETBACK

120'-7 1/2"

155'-8 1/2"

5'-0

"SI

DE

STB

K

5'-0

"SI

DE

STB

K

44'-6

1/4

"

PUBLIC RIGHT OF WAY

8'-0 1/4"PL TO CURB

40'-0"PL TO CL OF STREET

NEW CONCRETE SLAB AS SHOWN

2

BUILDING 15 units

4,200 S.F.coverage

CL

115'

-0 1

/4"

NEW WATER METER

EXISTING GAS METER

2'-1"5'-5 1/4"SIDEWALK

PL

EXISTING ELECTRIC METER TO BE REMOVED

PL

TYP.

N17

° 56

' 28"

W11

5.03

'

N72° 10' 19"E 155.70'

N72° 10' 19"E

N17

° 56

' 28"

W11

5.03

'

DRAIN NOTES:1. HORIZONTAL DRAINAGE SHALL BE RUN IN APRACTICAL ALIGNMENT AND A UNIFORM SLOPE OF NOTLESS THAN 1/4"/FT PER TABLE 7-5 FOR DRAIN SIZE 6"OR LESS.2. ALL PIPING SHALL BE INSTALLED OF SCHEDULE 40PVC MATERIAL.3. ALL SANITARY SYSTEM MATERIALS SHALL BE LISTEDBY AN APPROVED LISTING AGENCY.

78.7

0 F

.L.

78.6

2 F

.L.

77.49 F.L.

77.54 F.L.

76.91 F.L.

77.2

1 F

.S.

UNIT 1A

UNIT 1APATIO336 SF

TYP.(10)

TYP.(10)

TYP.

TYP.(10)

1/8"

/ FO

OT

MIN

.SL

OPE

10'-2 1/4" 16'-1 1/2"

2

UNIT 1B

2

UNIT 1C

1/8"

/ FO

OT

MIN

.SL

OPE

2 2

1/8"

/ FO

OT

MIN

.SL

OPE

UNIT 1D UNIT 1E

TYP.

TYP.

PL

N17

° 56

' 28"

W11

5.03

'

1/8"

/ FO

OT

MIN

.SL

OPE

1/8"

/ FO

OT

MIN

.SL

OPE

TYP.

155.0'

BUILDING 25 units

4,320 S.F.coverage

11' -

4 3

/4"

N72° 10' 19"E

TYP.(10)

TYP.(10)1/8"

/ FO

OT

MIN

.SL

OPE

1/8"

/ FO

OT

MIN

.SL

OPE

1/8"

/ FO

OT

MIN

.SL

OPE

TYP.TYP.

20'-0"SETBACK

4'-2 1/4"

15'-0"REAR SETBACK

120'-7 1/2"

155'-8 1/2"

16'-1 1/2"6'-3" 14'-9 3/4" 15'-8 1/2" 10'-2 1/4" 14'-5" 6'-3"6'-1 1/4"4'-2 1/4" 6'-3"16'-1 1/2"

2 2 2

UNIT 2E UNIT 2D UNIT 2C UNIT 2B UNIT 2A

22 2222

22

22

22 22 22

22 22 22 22

22

2222

22

22

21

TYP.

21

TYP.

21

TYP.

21

TYP.21

TYP.

21TYP.

1/8" / FT. MIN. SLOPE 1/8" / FT. MIN. SLOPE1/8" / FT.

MIN. SLOPE

1/8" / FT. MIN. SLOPE

TYP.

UNIT 2EPATIO243 SF

11'-11"PATIO

17'-6

"PA

TIO

9'-5"PATIO

10'-6

"

26

HYDRANT LOCATION

TRASH SERVICE CAPACITY CALCULATION:

# OF UNITS x # CUBIC YARDS PER UNIT (Service Needs Table) =

10 UNITS x .40 = 4 CUBIC YARDS OF SERVICE WEEKLY

(2) 4 CUBIC BINS PROVIDED.

35

12'-0

"44

'-6 1

/4"

36'-0

3/4

"

PATI

O

4

4

9'-5"PATIO

1"

17'-6

"PA

TIO

3'-1"

1 1/2" 11'-11"PATIO

3'-2"

6'-1

0 1/

2"20

'-7 3

/4"

YAR

D25

'-0"

DR

IVEW

AY20

'-8"

YAR

D2'

-0"

8'-2 1/4"

10'-8"

30'-0

"D

RIV

EWAY

1'-5

1/2

"11

'-0"

TRAS

H26

'-6"

PATI

O

22

22

37

2'-4 3/4"

5'-0

"

3'-0"

10'-1

0 3/

4"TY

PIC

AL

1/8" / FT.MIN. SLOPE

8'-1

1"

2'-0

"2'

-0"

3'-0"

20'-8 1/4" 7'-0 3/4" 41'-4 1/2" 3'-4 1/2" 20'-8 1/4" 6'-9 1/4" 20'-8 1/4"

20'-8" 6'-9 1/4" 20'-8 1/4" 3'-4 1/2" 41'-4 1/2" 7'-0 3/4" 20'-8 1/4"

20'-9

1/4

"TY

PIC

AL10

'-10

3/4"

TYPI

CAL

8'-1

0 3/

4"

21 21TYP.TYP.

22

1/8"

/ FO

OT

MIN

.SL

OPE

1/8"

/ FO

OT

MIN

.SL

OPE

UNIT 1BPATIO68 SF

1/8" / FT. MIN. SLOPE

21

TYP.

TYP.(10)

30

21

TYP.

21

TYP.

2 2

20'-9

1/4

"TY

PIC

AL

UNIT 1AROOF DECK

(ABOVE) 360 SF

UNIT 1BROOF DECK

(ABOVE) 360 SF

UNIT 1CROOF DECK

(ABOVE) 360 SF

UNIT 1DROOF DECK

(ABOVE) 360 SF

UNIT 1EROOF DECK

(ABOVE) 360 SF

UNIT 2EROOF DECK

(ABOVE) 360 SF

UNIT 2DROOF DECK

(ABOVE) 360 SF

UNIT 2CROOF DECK

(ABOVE) 360 SF

UNIT 2BROOF DECK

(ABOVE) 360 SF

UNIT 2AROOF DECK

(ABOVE) 360 SF

UNIT 1A2ND FLR. DECK(ABOVE) 95 SF

UNIT 1B2ND FLR. DECK(ABOVE) 95 SF

UNIT 1C2ND FLR. DECK(ABOVE) 95 SF

UNIT 1D2ND FLR. DECK(ABOVE) 95 SF

UNIT 1E2ND FLR. DECK(ABOVE) 95 SF

UNIT 2E2ND FLR. DECK(ABOVE) 95 SF


UNIT 2C2ND FLR. DECK(ABOVE) 95 SF


UNIT 2A2ND FLR. DECK(ABOVE) 95 SF

UNIT 2BPATIO68 SF

UNIT 1DPATIO68 SF

UNIT 2DPATIO68 SF

UNIT 2CPATIO68 SF

UNIT 1CPATIO68 SF

22

22

22

6'-7

1/2

"AR

CH

ITEC

TUR

AL F

EATU

RE

PER

CH

MC

19.

16.0

60 (1

)

SDSD

SDSD

SDSD

SDSD

SDSD

SDSD

SDSD

SDSD

SDSD

SDSD

SDSD

SDSD

SDSD

SDSD

SDSD

w

S S S S S

S

S

S

S

S

S S

S

S

w

F F F F F

F F F F F

w F F F F F

w

w w

w

w

w

w

S

ASPHALT OR CONCRETE TO BE DRIVEN OVER BY TRASH AND RECYCLINGTRUCKS TO PROVIDE SERVICE IS ENGINEERED TO WITHSTAND MULTIPLEWEEKLY TRIPS BY POTENTIALLY LOADED TRASH TRUCKS

CITY OF CHULA VISTA ENVIRONMENTAL SERVICESRECYCLING AND SOLID WASTE PLANNING NOTES

1) SOLID WASTE AND RECYCLING REQUIREMENTS PER CITY OF CHULAVISTA SHALL BE INCORPORATED INTO CC&R'S/EMPLOYEE / OWNER /TENANT ORIENTATIONS, POLICY MANUALS, AND LEASE AGREEMENTS.

2) RECYCLING AND SOLID WASTE WILL BE CONTAINED IN TRASHENCLOSURE. TENANTS / OWNERS SHALL BE INFORMED OF SERVICEDAY.

3) CLIPPINGS SHALL BE RECYCLED AND NOT DISPOSED OF IN LANDFILL.ALL GREEN WASTE / GRASS CLIPPINGS SHALL BE DIVERTED TO REUSEEITHER THROUGH ON-SITE MULCHING, GRASSCYCLING, A PERMITTEDCOMPOST FACILITY OR FOR REUSE AT THE LANDFILL.

3a) IF CONTRACTING WITH A LANDSCAPER, RECEIPTS FROMCONTRACTOR DEMONSTRATING THAT THE MATERIAL WAS RECYCLEDOR COMPOSTED. RECEIPTS SHALL BE MAINTAINED FOR 18 MONTHSAND BE AVAILABLE TO CITY STAFF FOR REVIEW UPON 2 DAYS NOTICE.

4) PROVIDE GRAPHIC SIGNS THAT INSTRUCT OCCUPANTS TO SEPARATEMATERIALS IN THE CONTAINERS.

5) RECYCLING CONTAINERS TO BE LOCATED NEXT TO TRASHCONTAINER.

6) ANNUAL REVIEW OF TRASH AND RECYCLE OPERATIONS. CONTACTCITY OF CHULA VISTA FOR A FREE WASTE AUDIT TO IMPROVEBUSINESS RECYCLING PRODUCTIVITY, REDUCE WASTE AND KEEPSOLID WASTE AND RECYCLING SERVICES COST-EFFECTIVE AND UP TODATE.

16'-0"

TRASH RECYCLE

COVERAGE CALCULATIONS:

BUILDING A: 4,320 S.F.BUILDING B: 4,200 S.F.TRASHENCLOSURE: 222 S.F.

TOTAL COVERAGE: 8,742 S.F.

MAX COVERAGE:17,825 S.F. LOT SIZE X 50% =8,912.5 S.F. MAX COVERAGE

ACTUAL COVERAGE: 8,742 S.F. / 49%

38TYP.

38TYP.

4

NEW AREA OF INTERLOCKING PERMEABLEPAVERS. STYLE TBD PER OWNERSELECTION

NEW AREA OF PERMEABLE CONCRETEPAVERS WITH PEBBLES. STYLE TBD PEROWNER SELECTION 2640 Financial Court, Suite D

San Diego, CA 92117P. 619.203.9251

[email protected]

ST

AT E

O F CA L I FORNI A

LIC

ENSED ARCH I TEC

T

SITE PLAN

To view the full set of structural drawings, click here



OVERALL FIRST FLOOR PLAN

1/8"=1'-0"

OVERALL FIRST FLOOR PLAN

N

A4.12

A4.1

1

A3.21

A3.2

2

A3.11

A3.1

2

A3.23

A3.1

3

2640 Financial Court, Suite DSan Diego, CA 92117

P. [email protected]

ST

AT E

O F CA L I FORNI A

LIC

ENSED ARCH I TEC

T


| 12 | 577 4TH AVENUE


OVERALL SECOND FLOOR PLAN

1/8"=1'-0"

OVERALL SECOND FLOOR PLAN

N

A4.12

A4.11

A3.21

A3.2

2

A3.11

A3.1

2

A3.2

3

A3.13

2640 Financial Court, Suite DSan Diego, CA 92117

P. [email protected]

ST

AT E

O F CA L I FORNI A

LI C

ENSED ARCH I TEC

T




ELEVATION - FRONT

| 14 | 577 4TH AVENUE

ELEVATION - REAR


376 Center Street #139Sq, Ft. 1,264PP SF $276.11Sold Price $349,000Year Built 1981Sold Date 11/17/2017HOA Fee $325


75 E 3RD AVENUE #11Sq, Ft. 1,335PP SF $292.13Sold Price $390,000Year Built 1979Sold Date 07/26/2017HOA Fee $245



1-4

5

1 2

4

5

3

4TH AVE

THIRD AVE

H ST

E ST

DAVIDSON ST

D ST

C ST

BROADWAY

| 16 | 577 4TH AVENUE

RESALE COMPARABLES


4TH AVENUE

| 18 | 577 4TH AVENUE

MARKET OVERVIEW

Chula Vista is the second largest city in the San Diego metropolitan area, the seventh largest city in Southern California, the fourteenth largest city in the state of California, and the 76th-largest city in the United States. The population was 243,916 as of the 2010 census.

Located just 7.5 miles (12.1 km) from downtown San Diego and 7.5 miles (12.1 km) from the Mexican border in the South Bay region of the metropolitan area, the city is at the center of one of the richest economic and culturally diverse zones in the United States. Chula Vista is so named because of its scenic location between the San Diego Bay and coastal mountain foothills.

Founded in the early 19th century, fast population growth has recently been observed in the city. Located in the city is one of America’s few year-round United States Olympic Training centers and popular tourist destinations include SleepTrain Amphitheatre, the Chula Vista marina, and the Living Coast Discovery Center, formerly known as the Chula Vista Nature Center.

Chula Vista, California

ELEMENTARY MIDDLE SCHOOL HIGH SCHOOLChula Vista Elementary School District

Cook ElementarySweetwater School District

Hilltop Middle SchoolSweetwater School District

Hilltop High School

http://schools.cvesd.org/schools/cook/Pages/d efault.aspx#.WIfk6mbTnoo

875 Cuyamaca Ave. Chula Vista, CA 91911

(619)422-8381

6/10 as rated by Great Schools

http://www.greatschools.org/california/chulavista/5830-Cook-Hazel-Goes-Elementary- School/

http://htm.sweetwaterschools.org/ 44 East J. StreetChula Vista, CA 91910

Phone: (619) 498-2700Fax: (619) 585-3576

5/10 as rated by Great Schools

http://www.greatschools.org/california/chulavista/6286-Hilltop-Middle-School/

http://hth.sweetwaterschools.org/

555 Claire Avenue Chula Vista, CA 91910

Phone: (619) 476-4200Fax: (619) 425-3284

7/10 as rated by Great Schools!

http://www.greatschools.org/california/chulavista/6287-Hilltop-Senior-High-School/

Chula Vista Unified School District


| 20 | 577 4TH AVENUE

DEMOGRAPHICS

Population Trend

2000 Total Population 175,8512010 Total Population 243,9162017 Total Population 271,8802022 Total Population 291,521Population Change 2000 to 2010 38.7%Population Change 2000 to 2017 54.6%Population Change 2010 to 2022 19.5%Population Change 2017 to 2022 7.2%

Household Trend

2000 Households 58,3372010 Households 75,5152017 Households 81,5692022 Households 86,897Household Change 2000 to 2010 29.4%Household Change 2000 to 2017 39.8%Household Change 2010 to 2022 15.1%Household Change 2017 to 2022 6.5%

2017 Household Income

up to $24,999 17.2%$25,000 to $49,999 18.4%$50,000 to $74,999 17.8%$75,000 to $124,999 26.8%$125,000 to $199,999 15.5%$200,000 or more 4.4%

2017 Home Value

Median Home Value $377,756.40Average Home Value $401,431.20

Median Age 34.419 and Under 28.9%20 to 29 14.2%30 to 39 15.4%40 to 49 13.5%50 to 64 16.3%65 and Over 11.7%

2017 Age

2017 Occupation

Civilian employed population 16 years and over 118,164White collar 61.8%Blue collar 38.2%

Household Income Trend

2000 Median Income $44,9402010 Median Income $65,5962017 Median Income $70,0012022 Median Income $74,290Median Income Change 2000 to 2010 46.0%Median Income Change 2000 to 2017 55.8%Median Income Change 2010 to 2022 13.3%Median Income Change 2017 to 2022 6.1%

2017 Occupancy

Households 81,569Owner Occupied 59.4%Renter Occupied 40.6%

2017 Household Size

Average Household Size 3.3


OFFERS $799,000 | SUBMIT ALL OFFERS. Seller will consider offers based on closing 15 days following the Due Diligence period, as well as offers based upon tentative map approval not to exceed 24 months.

DEPOSIT An initial deposit shall be placed into escrow at the execution of Purchase Agreement and shall be refundable during the Due Diligence Period. Upon Buyer’s election to proceed with acquisition of the Property at the end of the Due Diligence Period, the deposit shall be increased and the entire deposit shall be non-refundable except in the case of a default or breach by Seller prior to closing. The balance of the purchase price shall be paid at Closing.

OFFERS DUE All offers shall be submitted submitted to:

Erin McKinley

c/o Colliers International

4350 La Jolla Village Drive, Suite 500

San Diego, CA 92122

Email: [email protected]

DUE DILIGENCE Buyer shall have a contingency period of 30-45 days to perform whatever studies it may desire on the Property, including, but not limited to, market studies, engineering and environmental reviews, feasibility in light of entitlements, verification of government approvals, CFD obligations, tax rates, HOA budgets, clear title, etc. Seller will make studies, plans, and reports in its possession available via a Dropbox account.

DISCLAIMER This document has been prepared by Colliers International for advertising and general information only. Neither Colliers International nor the Seller makes any guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. Colliers International is a worldwide affiliation of independently owned and operated companies.

OFFERING GUIDELINES

[email protected]:

ERIN MCKINLEYLand Advisor+1 858 677 [email protected]. No. 01939372

DAVID SANTISTEVANSenior Executive Vice President+1 858 677 [email protected]. No. 00913491

CONTACT

COLLIERS INTERNATIONAL4350 La Jolla Village Drive, Suite 500San Diego, CA 92122+1 858 455 1515colliers.com/sandiego

4TH AVENUE

4th AVENUE | POTENTIAL 10 UNIT SITE · 4th Avenue - Chula Vista LOCATION City of Chula Vista NUMBER...

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Transcript of 4th AVENUE | POTENTIAL 10 UNIT SITE · 4th Avenue - Chula Vista LOCATION City of Chula Vista NUMBER...