Location

Land Area

Subdivider

Subdivision

Lot Sizes

Lot Yield

Grading

Access

Streets

Utilities

Ocean View

Ocean Beach

Cyprus Shore Subdivision

(Adjacent on north to subject property)

Located about 1000' west of San Diego Freeway just south
of Calafia Turnoff.

Situated on bluff 70'-80' above Santa Fe tracks and beach.

30.199 acres excluding beach

2.276 acres on bluff reserved for park use 27.923 acres subdivision

Capri Builders

Subdivided into 110 lots as Tract 4202 recorded 10/31/61.

60'x124' except on top of bluff where lots are 60'x130' to 60'x152'. Buildable depths above 100'. 47 lots have double street frontage.

In order to create as many ocean view lots as possible the
land was graded into three tiers with street to street
pattern and 16' elevation differential between building
pads. Slopes 1 to 1 (dirt was exported).

The entrance is via Avenida De Las Palmeras which leads from
the San Diego Freeway where there is gate house and security
guard.

40' wide streets. Paved. Concrete curbs and gutters.
4' sidewalks on one side only. Street electroliers.
All installed.

34 lots on first tier on bluff above beach with unobstructed
ocean view.

46 lots on second tier with good ocean view overlooking
intervening houses.

30 lots with little or no ocean view.

110 Total

2,000 1.f. of private beach with with pedestrian access
thereto via underpass beneath railroad R/W.

Beach area is subject to wave action and is not buildable.

LAURENCE SANDO, M. A. I.
REAL ESTATE APPRAISER

PAGE

Marketing

Lots first offered in June 1962. Sold out by fall of 1965.

Lots were offered either on 60-year leasehold basis (50%
of fee acquisition cost plus 6% of balance as yearly rent)
or full fee.

50% buyers have chosen to buy full fee.

Lots were divided as 60ff since it was originally felt that, if buyers wished larger frontage, 1/2 lots could be offered adjacent. No such additional frontage has been requested.

LAURENCE BANDO, M. A. I.

REAL ESTATE APPRAISER

PAGE