ocean view village - 143 approved lots/units with … de las vistas vista santo domingo vista...

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 WITH FINAL MAP

• Natural Attraction Location on Western Edge of the Mesa• Unobstructed Ocean, Mountain and Valley Views• Flat Site• 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: $5,600,000 $5,195,000

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

9 PROPERTY INFO

11 DOCUMENT LINKS

12 UNIT MIX

13 CITY FEES

14 CFD MAP

15 TENTATIVE MAP

16 FLOOR PLANS

17 ELEVATIONS

18 NEW HOME SALES COMPARABLES

19 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 WITH 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 PROPERTY

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

SUBJECTPROPERTY

FUTURECOMMERCIAL

FUTURE LIGHTINDUSTRIAL

Otay Valley Road

Vista Santo Domingo


Innovative Drive

Exposition WayN

Road to be constructed

Unobstructed view over Vernal Pool Preserve.

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

Vista Pacifica

Edge Water



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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

SUBJECTPROPERTY


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

SUBJECTPROPERTY

FUTURE COMMERCIAL


OVV



AL APUZZO760.448.2442




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

CAT

ION

MA

P

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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 WITH 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 the buyer will be responsible for grading and construction of the road. All off site storm drains are already in place on site and the project is grandfathered in to old stormwater / hydromodification requirements. The Final Map has been recorded.



AL APUZZO760.448.2442




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

OPE

RTY

INFO

Improvement Costs:

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: $5,600,000 $5,195,000

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

Construction of Santo Domingo: $1,286,112 (click here to view bid)To grade the site: $558,020 (click here to view bid)

Note: The grading is for the entire site including the commercial & industrial portions. Buyer may recieve credit for pro-rata share of these costs for grading adjacent properties.

Westerly Ocean Views

Point LomaPacific Ocean

San Diego Bay

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

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



AL APUZZO760.448.2442




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

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CLICK TO VIEW DOCUMENT LINKS

I. FINAL MAP

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/FinalMap.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 WITH FINAL MAPUN

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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 WITH 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 WITH 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




OCEAN VIEW VILLAGE - 143 APPROVED LOTS/UNITS WITH FINAL MAPN

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Pacific Ocean Point Loma

San Diego Bay

NATURAL OPEN SPACE NEVER TO BE BUILT ON

Unobstructed Ocean View from OVV

Project Builder Master Open Product Min Unit Max Unit Min Max Total Units Total Units Total Sales ZipName Name City Plan Date Type Size Size Price Price Planned Sold Remaining Rate Code

Flora at Escaya Brookfield Residential Chula Vista Escaya at Otay Ranch 9/16/2017 Attached 1,278 1,710 $361,000 $434,000 107 9 98 2.5 91913Vista Mar City Ventures Chula Vista - 6/24/2017 Attached 1,708 1,938 $446,490 $486,490 87 63 24 10.1 91910Lovina Heritage Building and Development Chula Vista Otay Ranch 3/25/2017 Attached 1,561 2,476 $420,900 $517,900 78 39 39 4.1 91913Metro Meridian Communities Chula Vista Millenia 8/13/2016 Attached 1,298 1,974 $390,990 $473,900 70 36 34 2.1 91915Trio Meridian Communities Chula Vista Millenia 8/13/2016 Attached 1,653 1,880 $445,900 $495,900 150 31 119 1.8 91915Evo Meridian Communities Chula Vista Millenia 8/13/2016 Attached 1,687 1,958 $428,900 $497,900 66 41 25 2.4 91915Tosara I & II Pacific Coast Communities Chula Vista Otay Ranch 8/23/2014 Attached 1,635 2,366 $394,900 $451,900 173 99 74 2.4 91913Parc Place Pacific Coast Communities Chula Vista Otay Ranch 3/25/2017 Attached 1,116 1,587 $357,900 $419,900 175 33 142 3.3 91913Z at Millenia Shea Homes Chula Vista Millenia 11/12/2016 Attached 1,288 1,475 $358,794 $435,000 106 38 68 2.7 91915Strata at Escaya Shea Homes Chula Vista Escaya at Otay Ranch 6/10/2017 Attached 1,407 1,736 $379,000 $441,000 72 13 59 1.9 91913Aviare Sunrise Company Chula Vista Otay Ranch 7/26/2014 Attached 1,098 1,928 $366,900 $453,900 171 168 3 4.0 91913Tesoro at Vista Del Sur Cornerstone Communities San Diego Vista Del Sur 10/7/2017 Attached 1,417 1,600 $351,990 $371,990 134 6 128 2.5 92154Maravilla at Vista Del Sur Cornerstone Communities San Diego Vista Del Sur 4/25/2015 Attached 1,334 1,686 $378,990 $432,990 129 118 11 3.6 92154Azul at Playa Del Sol Pardee Homes San Diego Ocean View Hills 12/17/2016 Attached 1,442 2,034 $401,000 $484,000 121 103 18 8.2 92154Luna at Playa Del Sol Pardee Homes San Diego Ocean View Hills 12/17/2016 Attached 1,643 2,069 $395,000 $540,000 96 94 2 7.7 92154



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Information Provided Courtesy Of:

BRE Lic#: CA

Search Criteria:Patrick Miller00296599

Agent: 760-929-9700

Lee & Associates - Office: 760-929-9700

Information is not guaranteed. Copyright 2001 - 2017 SANDICOR, Inc.

Area (Minor)=92154 AND Class=REAND Close of EscrowDate=09/01/2017-06/06/2079 ANDYrBlt>=2010 AND Status=SOLDAND Type=ATT,TOWNH

02/23/2018 10:12 AM

CMA Summary Report

RESIDENTIAL Summary Statistics

High Low Average MedianLP:$446,800 $361,990 $402,511 $394,000SP:$450,000 $368,774 $403,669 $404,964

RESIDENTIAL - Sold Number of Properties: 13

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

1 180002592 SOLD TOWNH 5417 San Virgilio OTAY MESA (92154) 3 3 2/21/2018 1,486 4 $361,990 $243.60 $368,774 $248.17

2 170053754 SOLD ATT 1737 SAN JOVANI OTAY MESA (92154) 3 3 12/27/2017 1,334 7 $372,990 $279.60 $372,990 $279.60

3 170049589 SOLD ATT 5474 SANTA ALICIA OTAY MESA (92154) 3 3 10/27/2017 1,334 15 $374,990 $281.10 $374,990 $281.10

4 170040381 SOLD ATT 5428 Santa Alicia OTAY MESA (92154) 3 3 10/13/2017 1,334 9 $380,000 $284.86 $385,000 $288.61

5 170042701 SOLD TOWNH 5442 SANTA ALICIA OTAY MESA (92154) 3 3 9/18/2017 1,505 8 $393,990 $261.79 $404,964 $269.08

6 170052858 SOLD TOWNH 5425 Santa Sofia OTAY MESA (92154) 3 4 11/17/2017 1,548 14 $394,000 $254.52 $394,000 $254.52

7 170046707 SOLD TOWNH 5401 San Roberto OTAY MESA (92154) 3 3 12/6/2017 1,505 62 $394,000 $261.79 $400,000 $265.78

8 170059350 SOLD TOWNH 1741 SAN JOVANI OTAY MESA (92154) 3 3 1/8/2018 1,505 19 $407,990 $271.09 $407,990 $271.09

9 170051621 SOLD ATT 1780 Saltaire Pl 14 OTAY MESA (92154) 3 3 12/17/2017 1,549 40 $399,900 - $414,900 $267.85 $409,000 $264.04

10 170046429 SOLD ATT 1790 Saltaire Pl 18 OTAY MESA (92154) 3 3 10/3/2017 1,669 10 $399,000 - $415,000 $248.65 $408,000 $244.46

11 170042170 SOLD ATT 5426 Santa Alicia OTAY MESA (92154) 3 3 12/21/2017 1,686 75 $419,900 - $437,000 $259.19 $437,000 $259.19

12 170063474 SOLD ATT 5413 Santa Sofia OTAY MESA (92154) 3 3 1/31/2018 1,686 6 $439,000 $260.38 $435,000 $258.01

13 170049057 SOLD ATT 5509 Santa Alicia OTAY MESA (92154) 3 4 12/19/2017 1,830 62 $446,800 $244.15 $450,000 $245.90

Avg 3 3 1536 25 $402,512 $262.97 $403,670 $263.81

Min 3 3 1334 4 $361,990 $243.60 $368,774 $244.46

Max 3 4 1830 75 $446,800 $284.86 $450,000 $288.61

Med 3 3 1505 14 $394,000 $261.79 $404,964 $264.04

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[email protected] Lic#01367183

AL APUZZO760.448.2442

[email protected] Lic#01323215

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ocean view village - 143 approved lots/units with … de las vistas vista santo domingo vista...

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