OCEAN VIEW VILLAGE - 143 APPROVED LOTS/UNITS NEAR …images4.loopnet.com/d2/kcrxwyRZH0XC4-zFGAo8-uPY9NuKp9uYToTYDS0G05… · Avenida De Las Vistas Vista Santo Domingo Vista Pacifica

Lee & Associates-North San Diego County | 1900 Wright Place, Suite 200, Carlsbad, CA 92008 | T: 760.929.9700 F: 760.929.9977 | www.lee-associates.com

AL APUZZO760.448.2442

[email protected] Lic # 01323215

MATT WEAVER760.448.2458


VISTA SANTO DOMINGO - OTAY MESA (SAN DIEGO), CA

OCEAN VIEW VILLAGE - 143 APPROVED LOTS/UNITS NEAR FINAL MAP

• Natural Attraction Location on Western Edge of the Mesa• Unobstructed Ocean, Mountain and Valley Views• Flat Site• Owner Will Deliver With Off-Site Improvements & Road Completed• 106 Stacked Flats, 24 Townhomes & 13 Detached Condos• Average Unit Size 1,141 Square Feet - Multi-Family & 1,977 Square

Feet - Single Family• Can Be Annexed to CFD

PRICE: $6,500,000

Innovative Drive

Exposition Way

FUTURE COMMERCIAL

FUTURE LIGHT INDUSTRIAL

Mt. Palomar

Otay Ranch

Sea World’s Water Park

Sleep TrainAmphitheatre

Otay Valley Road

Main Street

Incredible Ocean Views From Subject Property

SUBJECT INCREDIBLEVIEW PROPERTY

UNOBSTRUCTED PACIFIC OCEAN / POINT LOMA VIEW

OVER VISTA PACIFICA

Avenida De Las Vistas

Vista Santo Domingo

Vista Pacifica Brown Field Municipal Airport

Pacific Ocean Point LomaSan Diego Bay

2Lee & Associates-North San Diego County | 1900 Wright Place, Suite 200, Carlsbad, CA 92008 | T: 760.929.9700 F: 760.929.9977 | www.lee-associates.com

AL APUZZO760.448.2442






PAGE CONTENT

3 AERIALS

7 LOCATION MAP

8 PROPERTY INFO

10 DOCUMENT LINKS

11 UNIT MIX

12 CITY FEES

13 CFD MAP

14 TENTATIVE MAP

15 FLOOR PLANS

16 ELEVATIONS

17 NEW HOME SALES COMPARABLES

18 RESALE HOME COMPARABLES

Northern Mountain Views From Property

People from these homes and condos come up to the natural attraction of Ocean View Village.

Mt. Palomar

No warranty or representation is made to the accuracy of the foregoing information. Terms of sale, lease and availability are subject to change or withdrawal without notice.

View from Ocean View Village looking over Edge Water Condominiums and Vista Pacifica Homes.


AL APUZZO760.448.2442





OCEAN VIEW VILLAGE - 143 APPROVED LOTS/UNITS NEAR FINAL MAPA

ERIA

LS Vista Santo Domingo

NORTHERN EDGE OF OTAY MESA

THE TERMINUS OF VISTA SANTO DOMINGO AT OCEAN VIEW VILLAGE

N Exp

ositio

n Way

Vista S

anto

Do

min

go

Inn

ovative D

rive

Otay V

alley Road

4Townhomes

7 Townhomes

COMMERCIALINDUSTRIAL/

OFFICE

4Townhomes 9 Townhomes

18 Flats

18 Flats

18 Flats

18 Flats

17 Flats

17 Flats

6 Single Family7 Single Family

OCEAN VIEW VILLAGE—144 UNITS

SUBJECT VIEWPROPERTY

FUTURE COMMERCIAL

FUTURE LIGHT INDUSTRIAL

Otay Valley Road

NEIGHBORHOOD

OFFICELIGHT

Unobstructed views of Downtown San Diego, San Diego Bay, Point Loma, Silver Strand, and the Pacific Ocean over Vernal Pool Preserve.


AL APUZZO760.448.2442






ERIA

LS


FUTURECOMMERCIAL

FUTURE LIGHTINDUSTRIAL

Otay Valley Road

Vista Santo Domingo


Innovative Drive

Exposition WayN

Seller will commence construction on improving Vista Santo Domingo to site.

Unobstructed view over Vernal Pool Preserve.

Food, Beverage, Groceries, Deli, Medical, Dental, Health Practitioner Office

Vista Pacifica

Edge Water


AL APUZZO760.448.2442






ERIA

LS

Specialty Paving with Enhanced Concrete Creating

a Walkable Connection to the Retail

Outdoor Retail

Courtyard

View Trail


AL APUZZO760.448.2442






ERIA

LS

N

Inno

vativ

e Dr

ive

Expo

sition

Way

FUTURE COMMERCIAL


Sleep TrainAmphitheatre

Brown Field Municipal Airport

Otay Valley Road

Main Street



Vista Santo Domingo

Otay Ranch

Heritage Road


Vista Pacifica

Edge Water


AL APUZZO760.448.2442






ERIA

LS

San YsidroHigh School

SleepTrain

Amphitheatre

Vista PacificaPark

Ocean View Hills School


San Diego BayPacific Ocean Silver Strand

Kaiser PermanenteOtay Mesa

Vista DelMar School

Otay M

esa R

d

Innovative Dr

Corporate Center Dr

Exposition Way

Vista Santo Domingo

Avenida DeLas Vistas

EdgeWater

VistaPacifica

Ocean View Hills Housing

Greenfield Village

Cornerstone


FUTURE COMMERCIAL


OVV


AL APUZZO760.448.2442





OCEAN VIEW VILLAGE - 143 APPROVED LOTS/UNITS NEAR FINAL MAP LO

CAT

ION

MA

P

N

SAN DIEGO BAY

N

IMPERIAL BEACH

CHULA VISTA

NATIONAL CITY

SAN YSIDRO

TIJUANA

USA/MEXICO INTERNATIONAL BORDER

SUBJECT PROPERTY

SUBJECT PROPERTY

OTAY MESA RD

INN

OVA

TIVE

DR

VISTA SANTO DOMINGO

CORPORATE CENTER DR

OCEAN VIEW HILLS PKWY

Primary entrance through Vista Santo Domingo

Primary access to property is off Interstate 805 via Main St. to Otay Valley Rd.

AVENIDA DE LAS VISTAS

OTAY VALLEY RD

MAIN ST

MAIN ST

OTAY VALLEY RD


AL APUZZO760.448.2442





OCEAN VIEW VILLAGE - 143 APPROVED LOTS/UNITS NEAR FINAL MAPPR

OPE

RTY

INFO

Location:

Jurisdiction: Otay Mesa (City of San Diego)

APN #: 645-050-07-00

Acreage: 5.55 Acres

Topography: Flat

Zoning: RM-2-4 (Multi-Family Residential)

General Plan: R-M (Residential Medium)

Density: 1 Dwelling Unit per 1,750 square feet of land

Maximum Height: 40’

Project Status:

This is the property with the natural attraction with incredible distant and wide area Pacific Ocean to coastal mountain views. The subject property is a 5.5 acre portion of a walkable village located at the South end of Vista Santo Domingo in the Otay Mesa neighborhood of the city of San Diego, CA. The subject property, also known as ‘Ocean View Village`, is located just east of the Ocean View Hills master planned community at the north edge mesa creating a natural attraction, and less than a mile north of the California and Mexico border crossing. With immediate access less than ½ mile to the south to California State Highway 905 and Interstate 805 2 miles west of the site.

View looking over Vista Pacifica Homes at Avenida Vistas and Edge Water Condominiums below.

The property is part of a fully entitled mixed-use project in the southernmost neighborhood of San Diego County with entitlements for 143 units with 15 designated as “moderate income” units at 100% AMI for sale and 65% AMI for rent. The project consists of 24 townhomes, 106 garden flats, 13 detached condos, Total build-out and saleable square footage is 224,381 SF. On December 1, 2008, the Ocean View Village Project #96580 received unanimous approval from the City of San Diego which included Site Development Permit #320732, a Rezone Ordinance #314830 to RM-2-4 (Multi-Family Residential) and Vesting tentative Map #314829. The project was previously approved for the Affordable Housing Expedite Plan. The residential portion of the project is being sold and phased separately. The entrance to the project will be on Vista Santo Domingo. The property owner has a grading permit in hand and will commence grading and construction of the road at their expense prior to the end of 2017. All off site storm drains are already in place on site and the project is grandfathered in to old stormwater / hydromodification requirements. It is anticipated that the Final Map will be recorded by the end of 2017.


AL APUZZO760.448.2442





OCEAN VIEW VILLAGE - 143 APPROVED LOTS/UNITS NEAR FINAL MAPPR

OPE

RTY

INFO

Improvement Costs: Approximately $4,053 per unit (Total Cost: $579,599) *Assumes 10% increase from old cost estimates

City Fees:

Unit Count: 143 (106 3-story stacked flats, 24 3-story townhomes, & 13 detached single family condos)

Affordable Housing: 15 Units - Either rental at 65% of AMI or for sale at 100% AMI

School District: Chula Vista Elementary School District & Sweetwater Union High School District

Services: Water/Sewer City of San Diego Gas/Electricity SDG&E Fire San Diego Fire Dept. Police City of San Diego Police Department

ASKING PRICE: $6,500,000

Approximately $45,941 per unit with school fees orApproximately $41,852 per unit with school CFD

Westerly Ocean Views

Point LomaPacific Ocean

San Diego Bay


AL APUZZO760.448.2442





OCEAN VIEW VILLAGE - 143 APPROVED LOTS/UNITS NEAR FINAL MAPD

OC

UMEN

T LIN

KS

CLICK TO VIEW DOCUMENT LINKS

I. FINAL MAP (DRAFT)

II. LANDSCAPE PLAN

III. PHASE I

IV. PHASE II

V. PRELIMINARY TITLE REPORT (3/10/2016)

VI. PROJECT PLANS (APPROVED)

VII. SITE DEVELOPMENT PERMIT (APPROVED 12/1/2008)

VIII. ZONING & DEVELOPMENT

http://www.lee-associates.com/elee/sandiego/LeeLandTeam/OceanViewVillage/OVV_FM_DRAFT.pdf




http://www.lee-associates.com/elee/sandiego/LeeLandTeam/OceanViewVillage/PhaseI.pdf

http://www.lee-associates.com/elee/sandiego/LeeLandTeam/OceanViewVillage/PhaseII.pdf

http://www.lee-associates.com/elee/sandiego/LeeLandTeam/OceanViewVillage/12203938-996-U50_2nd_amended_Prelim.doc

http://www.lee-associates.com/elee/sandiego/LeeLandTeam/OceanViewVillage/PTS96580-ApprovedPlans.pdf

http://www.lee-associates.com/elee/sandiego/LeeLandTeam/OceanViewVillage/96580RecordedPermit-MMRP.pdf

http://www.lee-associates.com/elee/sandiego/LeeLandTeam/OceanViewVillage/RM-2-4ZoningCode.pdf

http://www.lee-associates.com/elee/sandiego/LeeLandTeam/IvyRidge/BuildingProforma.pdf

http://www.lee-associates.com/elee/sandiego/LeeLandTeam/OceanViewVillage/0470-Landscape-ColoredPlan_24x36.pdf


AL APUZZO760.448.2442





OCEAN VIEW VILLAGE - 143 APPROVED LOTS/UNITS NEAR FINAL MAPUN

IT M

IX

Garage SurfaceA1.1-13 Detached E 13 3 3 1,977 25,701 26 13A2.1 Garden Flats A 6 2 2 993 5,958

Garden Flats B 2 2 2 1,346 2,692 Garden Flats C 8 1 1 826 6,608 Garden Flats D 2 1 1 700 1,400

A2.2 Garden Flats A 6 2 2 993 5,958 Garden Flats B 2 2 2 1,346 2,692 Garden Flats C 8 1 1 826 6,608 Garden Flats D 2 1 1 700 1,400

A2.3 Garden Flats A 9 2 2 993 8,937 Garden Flats C 8 1 1 826 6,608

A2.4 Garden Flats A 9 2 2 993 8,937 Garden Flats C 8 1 1 826 6,608



A3.1 Townhouses A 2 2 3 1,948 3,896 Townhouses B 3 2 3 2,132 6,396 Townhouses C 2 2 3 2,215 4,430




Add'l Parking 0 5Total 143 202 98

ParkingBuilding # Type Unit Type # Units Beds Baths Sq Ft/Unit Total SF

25 6

25 6

25 6

25 6

14 16

14 16

18 9

*Note: Square footage summary above does not include decks, storage, or core.

14 7

8 4

8 4


AL APUZZO760.448.2442





OCEAN VIEW VILLAGE - 143 APPROVED LOTS/UNITS NEAR FINAL MAPC

ITY

FEES

Item QuantityTotal

AmountAmount /

UnitSchool Fees - Chula Vista Elementary ($1.48/SF)* 143 257,566$ 1,801$ School Fees - Sweetwater High School ($1.88/SF)* 143 327,178$ 2,288$ Facilities Benefit Assessment Fees (FBA) 143 4,572,282$ 31,974$ Development Impact Fees (DIF)** 0 -$ -$ Regional Transportation Congestion Improvement Program (RTCIP)** 0 -$ -$ SDCWA - System Capacity Fee (3/4" Meter) 143 377,520$ 2,640$ SDCWA - Water Treatment Capacity Fee 143 9,594$ 67$ City of SD - Capacity Fee (Assumes .815 EDU per unit)*** 117 356,499$ 3,047$ City of SD - Sewer Capacity Charge (Assumes .815 EDU per unit)*** 117 482,508$ 4,124$

TOTAL PER UNIT WITH SCHOOL FEES 6,383,147$ 45,941$ TOTAL PER UNIT WITH SCHOOL CFD'S 5,798,403$ 41,852$

NOTES:

Housing Type Stacked Flats Townhomes Single FamilyCFD Designation APT-3 MFA-2 SFD-1Chula Vista Elementary District CFD #10 - Fees are $/SF/Year 0.283$ 0.423$ 0.471$ Sweetwater Union High School District CFD #10 - Fees are $/SF/Year 0.349$ 0.521$ 0.580$

** Project pays Facilities Benefit Assessment (FBA) in lieu of DIF & Otay Mesa is exempt from RTCIP.

*** In the City of San Diego, a density break is given for higher density multi-family development which reduces the number of EDUs that pay capacity fees.

Otay Mesa Area - San DiegoEstimated Development Fees

Per Average 1,217 SF Unit

* The project can potentially be annexed into the Chula Vista Elementary & Sweetwater Union High School District CFD #10.


AL APUZZO760.448.2442





OCEAN VIEW VILLAGE - 143 APPROVED LOTS/UNITS NEAR FINAL MAPC

FD M

AP

Ocean View Hills

Edge Water

Ocean View

Village

Greenfield Village

Vista Pacifica

15

TEN

TATIV

E M

AP

CLICK HERE TO VIEW TENTATIVE MAP

http://www.lee-associates.com/elee/sandiego/LeeLandTeam/OceanViewVillage/TentativeMap.pdf

16

FLO

OR

PLA

NS

CLICK HERE TO VIEW FLOOR PLANS

http://www.lee-associates.com/elee/sandiego/LeeLandTeam/OceanViewVillage/FloorPlans.pdf

17

ELEV

ATIO

NS

CLICK HERE TO VIEW ELEVATIONS

http://www.lee-associates.com/elee/sandiego/LeeLandTeam/OceanViewVillage/Elevations.pdf


AL APUZZO760.448.2442






Project Builder City Masterplan Open Date Type

Min. Unit Size

sq ft

Max. Unit Size

sq ft Min. Price Max. PriceMin.

Price/sq ftMax

Price/sq ft

Total Units

Planned

Total Units Sold

Total Units Remaining

Average Sales Rate

3 Month Sales Rate Zip

Aviare Sunrise Company Chula Vista Otay Ranch 7/26/2014 Attached 1098 1928 $300,900 $416,900 216.23$ 274.04$ 144 91 53 4.63 4.23 91913Bahia Vista Townhomes Pathfinder Partners Chula Vista - 6/9/2015 Attached 1636 1788 $399,900 $419,900 234.84$ 244.44$ 21 18 3 1.87 2.07 91911Palermo at Lake Pointe Lennar Chula Vista - 2/21/2015 Attached 1062 1652 $321,990 $412,990 249.99$ 303.19$ 136 80 56 6.32 5.64 91915Siena at Lake Pointe Lennar Chula Vista - 2/21/2015 Attached 1323 1437 $362,990 $374,990 260.95$ 274.37$ 85 64 21 4.84 2.6 91915Tosara Pacific Coast Communities Chula Vista Otay Ranch 8/23/2014 Attached 1635 2366 $374,900 $426,900 180.43$ 229.30$ 89 66 23 3.53 6.37 91913Esperanza at Vista Del Sur Cornerstone Communities San Diego Vista Del Sur 4/25/2015 Attached 1548 1830 $332,990 $374,990 204.91$ 215.11$ 60 28 32 2.59 2.62 92154Maravilla at Vista Del Sur Cornerstone Communities San Diego Vista Del Sur 4/25/2015 Attached 1334 1686 $317,990 $380,990 225.97$ 238.37$ 129 52 77 4.82 5.23 92154

NEW

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SALE

S C

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Pacific Ocean Point Loma

San Diego Bay

NATURAL OPEN SPACE NEVER TO BE BUILT ON

Unobstructed Ocean View from OVV


AL APUZZO760.448.2442






Information Provided Courtesy Of: Search Criteria

BRE Lic#: CAPatrick Miller

00296599Agent: 760-929-9700

Lee & Associates - Office: 760-929-9700

Information is not guaranteed. Copyright 2001 - 2016 SANDICOR,

Area (Minor)=92154 ANDClass=RE AND Close of EscrowDate=01/01/2016-06/06/2079AND County=SanDiego ANDYrBlt>=2000 AND Status=SOLDAND Type=ATT,TOWNH04/11/2016 10:44 AM

CMA Summary Report

RESIDENTIAL Summary Statistics

High Low Average MedianLP:$335,000 $275,000 $309,593 $310,000SP:$333,000 $273,000 $303,800 $298,000

RESIDENTIAL - Sold Number of Properties: 15

Num MLS # Status Style FllAdd ZipArea Beds TotB COEDate LotSFApx EstSF DOM LP $/EstSF SP $/EstSF

1 150058182 SOLD ATT 1459 Paseo Aurora OTAY MESA (92154) 2 2 2/23/2016 1,053 63 $275,000 $261.16 $273,000 $259.26

2 160000865 SOLD ATT 1378 STARRY WAY OTAY MESA (92154) 2 2 3/16/2016 1,053 23 $285,900 $271.51 $281,000 $266.86

3 150057766 SOLD ATT 1461 Paseo Orion OTAY MESA (92154) 3 2 2/23/2016 1,193 61 $289,000 $242.25 $287,000 $240.57

4 160003867 SOLD ATT 836 Spinnaker PointTerrace

OTAY MESA (92154) 2 3 3/16/2016 1,246 6 $290,000 $232.74 $292,500 $234.75

5 160006546 SOLD TOWNH 6293 Avenida De LasVistas 6

OTAY MESA (92154) 2 2 3/25/2016 1,141 6 $295,000 $258.55 $298,000 $261.17


7 150047932 SOLD ATT 6363 Avenida De LasVistas 1

OTAY MESA (92154) 2 2 2/29/2016 1,141 98 $289,000 - $305,000 $267.31 $275,000 $241.02


9 160005448 SOLD TOWNH 846 Spinnaker Point OTAY MESA (92154) 2 2 3/29/2016 1,643 18 $320,000 $194.77 $320,000 $194.77

10 160005170 SOLD TOWNH 6359 Avenida De LasVistas #3

OTAY MESA (92154) 3 3 3/15/2016 1,471 6 $325,000 $220.94 $320,000 $217.54

11 160000629 SOLD ATT 6323 Avenida de lasVistas #4

OTAY MESA (92154) 3 3 2/26/2016 1,471 6 $315,000 - $325,000 $220.94 $325,000 $220.94


13 150051901 SOLD ATT 1394 STARRY WAY OTAY MESA (92154) 3 3 1/8/2016 1,459 80 $315,000 - $330,000 $226.18 $315,000 $215.90

14 150058838 SOLD ATT 1495 Paseo Aurora OTAY MESA (92154) 3 3 3/15/2016 1,428 81 $330,000 - $335,000 $234.59 $333,000 $233.19

15 160003351 SOLD TOWNH 6303 AVENIDA DE LASVISTAS 4

OTAY MESA (92154) 3 3 3/6/2016 1,471 11 $325,000 - $335,000 $227.74 $322,500 $219.24

Avg 2 2 1316 38 $309,593 $237.79 $303,800 $233.18

Min 2 2 1053 1 $275,000 $194.77 $273,000 $194.77

Max 3 3 1643 110 $335,000 $271.51 $333,000 $266.86

RESA

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SOLD


[email protected] Lic#01367183

AL APUZZO760.448.2442

[email protected] Lic#01323215

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Documents

OCEAN VIEW VILLAGE - 143 APPROVED LOTS/UNITS NEAR …images4.loopnet.com/d2/kcrxwyRZH0XC4-zFGAo8-uPY9NuKp9uYToTYDS0G05… · Avenida De Las Vistas Vista Santo Domingo Vista Pacifica