Location

Market Data

Sale No, 3

West of San Diego Freeway and south of Avenida de Las Palmeras
on the ocean front adjacent to Orange County boundary line.
City of San Clemente in Orange County.

Buyer

Date of
Sale

Richard M. and Patricia Nixon

Robert B. Abplanalp and C. G. Rebozo, co-partners dba
8 and C Investment Co.

Sales Agreement dated 12/15/70

Unpaid balance of TDs is $964,000 as of 12/15/70.

Price Sold

$1,249,000 - average $54,878 per acre for 22.756 acres

Remarks

Not divided. See Sale No. 1.

Assessor's Book 60, Page 160, Parcel: Part of 24 and all of 26.

Consideration

Buyer agrees to pay principal on existing
T.D. of $964,000 in amount of..

..

$624,000

Seller's notes to buyer are cancelled. . . $450,000)

Purchase Price.

175,000)

.$1,249,000

Includes part of Sale No. 1 excepting 4.516 acres homesite
and 1.55 acres beach and includes all of Sale No. 2.

LAURENCE SANDO, M. A. 1.

REAL ESTATE APPRAISER

PAGE

1

Location

Legal

Area

Sale No.

Market Data

(Adjacent on north to subject property)

About 1,000' west of San Diego Freeway just south of Calafia
Turnoff. In southwest portion of City of San Clemente.

Now Tract 4202 recorded 10/31/61.

30.199 Ac. plus

4.65 Ac. private beach seaward of Santa Fe tracks
34,849 Ac.

Price Sold

Verified

Zoning

Remarks

Deed dated 6/30/61, Docu. 2972

Deed recorded 7/7/61, Book 5776, Page 642. DTT $825.00

Land is fairly level on top of bluff 80' above Santa Fe tracks
and private beach.

Beach area is not buildable as it is subject to wave action.
Pedestrian access under railroad R/W.

Subdivided into 110 lots in 1962. See write-up.

The 4.65 acres of beach are assessed to Cyprus Shore Community
Assn. in Book 60, page 160, parcel 25.

Also 2.12 acres of upland were dedicated for park use - gully
with natural tree growth. Assessed to Cyprus Shore Community
Assn. In Book 60, page 221, parcel 27.