0.82 ACRE - INFILL RESIDENTIAL DEVELOPMENT SITECLOSE TO SR-94, I-805, AND I-5 FREEWAYS

NARANJA STREET

EUCLID AVENUE

MARKET STREET

N A R A N J A S T R E E T

S A N D I E G O , C A

9 2 1 1 4

5256

MARK LEWKOWITZ, SIOR

Senior Vice President Dir +1 858 677 5361 Lic No. 01785338 mark.lewkowitz@colliers.com

CHRIS HOLDER, SIOR Senior Vice President Dir +1 858 677 5372 Lic No. 00894854 chris.holder@colliers.com

CONTACT

T A B L E

O F

C O N T E N T S

| 2 | NARANJA STREET

P R O J E C T D E S C R I P T I O N

N E I G H B O R H O O D D E S C R I P T I O N

M A P S & A E R I A L S

A M E N I T I E S M A P

L O C A L S C H O O L S

D E M O G R A P H I C S

O F F E R I N G G U I D E L I N E S

3

4

5

1 0

1 2

1 3

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PROPERTY ADDRESS: 5256 Naranja Street, San Diego, CA 92114-6615

ZONING:

RM-2-5 (Residential Development)

RM-2-5 permits a maximum density of 1 dwelling unit for each 1,500 square feet of lot area (Affordable housing bonus density available)

Opportunity Zone

Federal Promise Zone

SIZE: 0.82 AC (35,660 SF)

PARCEL #: 548-051-10

AFFORDABLE HOUSING DENSITY BONUS:

Available (approximately 35%)

SERVICES:

Trolley: Orange Line - Euclid Avenue (0.3 miles from Subject Property Bus Route: Line 967 @ Site Water: City of San Diego Water and Sewer Utility Sewer: City of San Diego Water and Sewer Utility Gas & Electric: SDG&E Cable: Cox Telephone: Pacific Bell/SBC Schools: San Diego Unified School District Fire: National City Fire Department Station 33 Police: Southeastern Police Department

EXISTING IMPROVEMENTS: Miscellaneous residential and commercial structures

TOPOGRAPHY: Relatively flat

COMMUNITY PLAN: Encanto Community Plan

ASKING PRICE: $1,300,000

NARANJA STREET | 3 |

Zoning (link)

City of San Diego Zoning & Maps (link)

Affordable Housing Density Bonus (link)

ESL Regulations (link)

Planning Department Web Page (link)

Community Plan (link)

Bus Line Map (link)

PROJECT DOCUMENTS AVAILABLEON WEB LINKS BELOW:

P R O J E C T D E S C R I P T I O N

According to 2019 demographic estimates from Pitney-Bowes/Gadberry Group, there 33,721 residents within 1 mile of the property and 291,686 residents within 3 miles. Within the next 5 years, the population is expected to grow by 4.22% and 2.9% within the respective areas. The average household income is $51,905 within 1 mile and $57,288 within 3 miles.

Neighborhood Overview

The community of Encanto Neighborhoods, or “enchantment” in Spanish, was a rural but self-sufficient town for much of the late nineteenth and early twentieth centuries, connected to the city by rail but containing little more than rolling hills of open space and farmland. It was not until after World War II that the area was targeted for suburban development and population boomed, with new residents eager to capitalize on the availability of large lots located so close to the city center. Today Encanto Neighborhoods is one of the most culturally diverse communities in the City of San Diego, reflecting its long history as an ethnic enclave, and as one of the first communities within the City where African-Americans, Mexican-Americans and Asian-Americans could own land, businesses and homes. Encanto Neighborhoods’ deep cultural heritage, social resiliency and legacy of diversity has shaped its past and will continue to inform its future, through this Community Plan and the land use and development in the decades to come.

Residential Infill Opportunity Areas

The Encanto Community Plan seeks to expand and preserve the supply of housing through the construction of new units as well as the preservation and restoration of older homes. With its already vibrant community, central location and good access to transit, Encanto Neighborhoods provides an opportunity for mixed-use infill and commercial/service oriented development.

| 4 | NARANJA STREET

The subject property at 5256 Naranja Street is located within the O’Farell community of San Diego’s Encanto Neighborhoods. The property is located 0.3 miles from the Euclid Avenue Trolley Station, approximately 1½ miles east of I-805, 4 miles west of SR-125, 1½ miles south of SR-94, and 5 miles north of SR-54. It is centrally located in San Diego, less than 2 miles from National City, 3 miles from Chula Vista and Bonita, and 5 miles from Downtown San Diego.

N E I G H B O R H O O D D E S C R I P T I O N

City of San Diego Encanto Neighborhoods Community Plan

FIGURE 1-1: REGIONAL LOCATION

DIVISION ST

EUCL

I

LOGAN AVE

ENCIA

PARADISE VALLEY RD

PLAZA BLVD

D

AVE

47TH

ST

IM

VALE SKYLINE DR

LIS

69TH

ST

HOME AVE

FAIR

M

EUCL

IDAV

E

Coronado

ChulaVista

IMPERIAL AVE

28TH

ST

12TH

AV

E

BROADWAY

NATIONAL AVE

FERN

ST

PARK

BL

VD

6TH

AVE

UNIVERSITY AVE

EL CAJON BLVD

30TH

ST

E. HARBOR DR

DIVISION ST

NATIO

NAL CITY BLVD

HIG

HLAN

D AVE

E. 30TH ST

EUCL

ID

AVE

47TH

ST

69TH

ST

LOGAN AVE

HOME AVE

FAIR

MO

UN

T AV

E

EUCL

ID

AVE

54TH

ST

W.LAUREL ST

PACIFIC HWYBARNETT AVE

ROSE

CRANS

ST

CATA

LINA

BLVD

PT LOMA AVE

SUNSE

T CL

IFFS

BLVD

SEA WORLD DR

CANON ST

ROSE

CRAN

S ST

INGRAHAM ST

FRIARS RD

UNIVERSITY AVE

FLO

RID

A

ST

TEXA

S ST

ELCAJON BLVD

UNIVERSITY AVE

EL CAJON BLVD

W. MISSION BAY

DR

W. POINT LOMADR

CHATSW

ORT

HBLVD

TALBOT ST

3RD ST4TH ST

ALAM

EDA

BLVD

ORAN

GE

AVE

SILVERSTRAND

BLVD

MISSION

BLVD

W.WASHINGTON ST

N. HARBOR

DR

N. HARBOR DR

ULRICST

MA

SSAC

HU

SETT

S AV

E

LEM

ONGRO

VEAV

E

IMPE

RIAL

AVE

VALENCIA

PKWY

SKYLINE DR

LISBON ST

JAMACHA RD

MEADOWBRO

OK

DR

E. 24TH ST

BRIARW

OOD RD

REO DR

SWEETWATER RD

4TH AVE

BROAD

WAY

BONITA

RD

EUCL

IDAV

E

E ST

NIMITZ

BLVD

NARRAGANSETTAVE

W.

MO

RENA

BLVD LINDA VISTA RD

MIS

SION

CENT

ERRD

MONTEZUMA RD

COLLEGE

AVE

COLLW

OO

DBLVD

FAIRMOUN

TAVE

PERSH

ING

DR

E. HARBOR

DR

PARADISE VALLEY RD

CABRILLOM

EMO

RIALD

R

WO

ODM

ANST

PLAZA BLVD

H ST

L ST

PALOMAR ST

EAST H ST

TELEGRAPH CANYON RD

PASEO

RANCHERO

OTAY LAKES RD

94

15

8

8

805

75

80515

163

5

54

5

125

75

125

NationalCity

BalboaPark

BarrioLogan

Downtown

Naval BaseSan Diego

GreaterGolden Hill

GreaterNorthPark

Uptown

OldtownSan

DiegoMidway-

PacificHighway

Marine CorpsRecruit Depot

San DiegoInternational

AirportPeninsula

Mid-city:Normal

Heights Mid-city:Kensington-Talmadge

Mid-city:City Heights

Mid-city:Eastern Area

Skyline-Paradise Hills

LemonGrove

MARKET ST

Encanto NeighborhoodsCommunity Planning Area

Orange Line Trolley

Blue Line Trolley

Greenline Trolley

City Limits

EncantoEncantoNeighborhoodsNeighborhoods

SITE

1-6

City of San Diego Encanto Neighborhoods Community Plan

FIGURE 1-1: REGIONAL LOCATION

DIVISION ST

EUCL

I

LOGAN AVE

ENCIA

PARADISE VALLEY RD

PLAZA BLVD

D

AVE

47TH

ST

IM

VALE SKYLINE DR

LISEncantoNeighborhoods

69TH

ST

HOME AVE

FAIR

M

EUCL

IDAV

E

Coronado

ChulaVista

IMPERIAL AVE

28TH

ST

12TH

AV

E

BROADWAY

NATIONAL AVE

FERN

ST

PARK

BL

VD

6TH

AVE

UNIVERSITY AVE

EL CAJON BLVD

30TH

ST

E. HARBOR DR

DIVISION ST

NATIO

NAL CITY BLVD

HIG

HLAN

D AVE

E. 30TH ST

EUCL

ID

AVE

47TH

ST

69TH

ST

LOGAN AVE

HOME AVE

FAIR

MO

UN

T AV

E

EUCL

ID

AVE

54TH

ST

W.LAUREL ST

PACIFIC HWYBARNETT AVE

ROSE

CRANS

ST

CATA

LINA

BLVD

PT LOMA AVE

SUNSE

T CL

IFFS

BLVD

SEA WORLD DR

CANON ST

ROSE

CRAN

S ST

INGRAHAM ST

FRIARS RD

UNIVERSITY AVE

FLO

RID

A

ST

TEXA

S ST

ELCAJON BLVD

UNIVERSITY AVE

EL CAJON BLVD

W. MISSION BAY

DR

W. POINT LOMADR

CHATSW

ORT

HBLVD

TALBOT ST

3RD ST4TH ST

ALAM

EDA

BLVD

ORAN

GE

AVE

SILVERSTRAND

BLVD

MISSION

BLVD

W.WASHINGTON ST

N. HARBOR

DR

N. HARBOR DR

ULRICST

MA

SSAC

HU

SETT

S AV

E

LEM

ONGRO

VEAV

E

IMPE

RIAL

AVE

VALENCIA

PKWY

SKYLINE DR

LISBON ST

JAMACHA RD

MEADOWBRO

OK

DR

E. 24TH ST

BRIARW

OOD RD

REO DR

SWEETWATER RD

4TH AVE

BROAD

WAY

BONITA

RD

EUCL

IDAV

E

E STNIM

ITZBLVD

NARRAGANSETTAVE

W.

MO

RENA

BLVD LINDA VISTA RD

MIS

SION

CENT

ERRD

MONTEZUMA RD

COLLEGE

AVE

COLLW

OO

DBLVD

FAIRMOUN

TAVE

PERSH

ING

DR

E. HARBOR

DR

PARADISE VALLEY RD

CABRILLOM

EMO

RIALD

R

WO

ODM

ANST

PLAZA BLVD

H ST

L ST

PALOMAR ST

EAST H ST

TELEGRAPH CANYON RD

PASEO

RANCHERO

OTAY LAKES RD

94

15

8

8

805

75

80515

163

5

54

5

125

75

125

NationalCity

BalboaPark

BarrioLogan

Downtown

Naval BaseSan Diego

GreaterGolden Hill

GreaterNorthPark

Uptown

OldtownSan

DiegoMidway-

PacificHighway

Marine CorpsRecruit Depot

San DiegoInternational

AirportPeninsula

Mid-city:Normal

Heights Mid-city:Kensington-Talmadge

Mid-city:City Heights

Mid-city:Eastern Area

Skyline-Paradise Hills

EncantoNeighborhoods

LemonGrove

MARKET ST

Encanto NeighborhoodsCommunity Planning Area

Orange Line Trolley

Blue Line Trolley

Greenline Trolley

City Limits

0 1 2 53 4

MILES

NARANJA STREET | 5 |

LO C AT I O N M A P

NARANJA STNARANJA ST

| 6 | NARANJA STREET

A E R I A L C L O S E

EUCL

ID A

VENU

E

MARKET STREET

NARANJA STREET | 7 |

A E R I A L S | S I T E PL A N OV E R L AY

| 8 | NARANJA STREET

S I T E P L A N

Chula Vista

7.0 mi to Downtown San Diego

9.7 mi to Mission Valley

6.1 mi to Chula Vista

LOCATION:

Downtown

Mission Valley

SITE

E M PLOY M E N T C E N T E RS

NARANJA STREET | 9 |

Euclid Health Center

Euclid Avenue Transit Center Malcom X

Library

Elementary Institue of Science

Jacobs Center

NARANJA STREETEUCLID AVENUE

MARKET STREETSA

N JA

CINT

O DR

GROVELAND DR

53RD ST

CASTANA ST

SITE

| 10 | NARANJA STREET

L O C A L A M E N I T I E S

LO C A L A M E N I T I E S

BAE SYSTEMS

GENERAL DYNAMICS/NASSCO

NAVAL BASE SAN DIEGO

Petco Petco ParkPark

San Diego ZooSan Diego Zoo

Paradise Valley Hospital

Willie Henderson Sports Complex

Balboa Park

R

®

Naval Medical Center

SITE

Martin Luther King Jr Recreational Center

Chicano Park

Grant Hill Park

King Chavez Health Center

NARANJA STREET | 11 |

Morse High School

O’Farrell Community School

IMPERIAL AVEIMPERIAL AVE

L O C A L S C H O O L S

Encanto ElementarySchool

GompersPreparatorySchool

IRA Harbison Elementary

SITE

HortonSchool

Johnson ElementarySchool

Elementary Institute of Science

Lincoln High School

Mt. Erie Christian Academy

GompersPreparatorySchool

Knox ElementarySchool

NYEElementarySchool

Valencia Park Elementary

San Altos Elementary

St Rita’s Catholic School

Keiller Leadership Academy

| 12 | NARANJA STREET

DIVISION SDIVISION STT

EUCL

ID A

VEEU

CLID

AVE

CHURCHWARD STCHURCHWARD ST

MARKET STMARKET ST

SKYLINE DRSKYLINE DR

FEDERAL BLVDFEDERAL BLVD

LOGAN AVELOGAN AVE

PLAZA BLVD

PLAZA BLVD

S WOODM

AN ST

S WOODM

AN ST

2000 Total Population 28,8512010 Total Population 28,7432018 Total Population 29,5682023 Total Population 30,653Population Change 2000 to 2010 -.4%Population Change 2000 to 2018 2.5%Population Change 2010 to 2023 6.6%Population Change 2018 to 2023 3.7%

2000 Households 7,8422010 Households 7,5992018 Households 7,7962023 Households 7,900Household Change 2000 to 2010 -3.1%Household Change 2000 to 2018 -.6%Household Change 2010 to 2023 4.0%Household Change 2018 to 2023 1.3%

up to $24,999 28.4%$25,000 to $49,999 26.3%$50,000 to $74,999 19.3%$75,000 to $124,999 18.0%$125,000 to $199,999 6.6%$200,000 or more 1.3%

Median Home Value $308,847.20

Average Home Value $301,990.80

Median Age 30.019 and Under 33.1%20 to 29 16.9%30 to 39 12.4%40 to 49 11.2%50 to 64 15.6%65 and Over 10.8%

Civilian employed population 16 years and over 11,176White collar 41.5%Blue collar 58.5%

2000 Median Income $30,3082010 Median Income $40,5412018 Median Income $43,9312023 Median Income $52,969Median Income Change 2000 to 2010 33.8%Median Income Change 2000 to 2018 44.9%Median Income Change 2010 to 2023 30.7%Median Income Change 2018 to 2023 20.6%

Average Household Size 3.8

NARANJA STREET | 13 |

D E M O G R A P H I C S

Population Trend Household Trend2018 Household Income

2018 Home Value2018 Age

2018 Occupation

Household Income Trend

2018 Household Size

N A R A N J A S T R E E T

S A N D I E G O , C A

9 2 1 1 4

| 14 | NARANJA STREET

OFFERS The offering price is $1,300,000. The Buyer should base their offer upon a price they can support.

DEPOSIT An initial deposit of $100,000 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 to $200,000 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 Deadline date to be determined.

Mark Lewkowitz / Chris Holder, SIOR

c/o Colliers International

4350 La Jolla Village Drive, Suite 500

San Diego, CA 92122

Email: mark.lewkowitz@colliers.com / chris.holder@colliers.com

DUE DILIGENCE Buyer shall have a period to be determined from the Effective Date of the Purchase Agreement 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, clear title, etc.

CLOSING Buyer shall close fifteen (15) days after the end of the Due Diligence Period.

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.

BROKERAGE A commission to Colliers International and Buyer’s Broker will be paid by Owner pursuant to a separate listing agreement.

O F F E R I N G G U I LD L I N E S

N A R A N J A S T R E E T

S A N D I E G O , C A

9 2 1 1 4

5256

COLLIERS INTERNATIONAL4350 La Jolla Village Drive, Suite 500San Diego, CA 92122+1 858 455 1515 main +1 858 546 9146 faxcolliers.com/sandiego

MARK LEWKOWITZ, SIOR

Senior Vice President Dir +1 858 677 5361 Lic No. 01785338 mark.lewkowitz@colliers.com

CHRIS HOLDER, SIOR Senior Vice President Dir +1 858 677 5372 Lic No. 00894854 chris.holder@colliers.com

CONTACT

This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no 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. This publication is the copyrighted property of Colliers International and/or its licensor(s). ©2020. All rights reserved