VENUE T 5256...The Encanto Community Plan seeks to expand and preserve the supply of housing through...
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0.82 ACRE - INFILL RESIDENTIAL DEVELOPMENT SITE CLOSE TO SR-94, I-805, AND I-5 FREEWAYS NARANJA STREET EUCLID AVENUE MARKET STREET NARANJA STREET SAN DIEGO, CA 92114 5256 MARK LEWKOWITZ, SIOR Senior Vice President Dir +1 858 677 5361 Lic No. 01785338 [email protected] CHRIS HOLDER, SIOR Senior Vice President Dir +1 858 677 5372 Lic No. 00894854 [email protected] CONTACT
Transcript of VENUE T 5256...The Encanto Community Plan seeks to expand and preserve the supply of housing through...
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 [email protected]
CHRIS HOLDER, SIOR Senior Vice President Dir +1 858 677 5372 Lic No. 00894854 [email protected]
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
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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.
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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
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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
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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
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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
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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
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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
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| 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: [email protected] / [email protected]
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 [email protected]
CHRIS HOLDER, SIOR Senior Vice President Dir +1 858 677 5372 Lic No. 00894854 [email protected]
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
