Redevelopment Opportunity

Point Loma / Adjacent to Liberty Station

Mixed-Use Apartment / Condo Site

2844 - 2918 Lytton Street San Diego, CA 92110

Redevelopment Opportunity

Point Loma

Adjacent to Liberty Station

Mixed-Use Apartment / Condo Site

Table of Contents

I nves tmen t Overv iew

S i te Aer ia l

Ex is t i ng St ruc tures

Communi ty P lan

Nearby Deve lopments

Condo Sa le Compa rab les

Apar tmen t Ren ta l Comparab les

Loca t ion

A rea Demographics

San D iego Coun ty Overv iew

Con f iden t ia l i ty

Con tac t I n forma t ion

Premier Location

Located in the supply constrained area of Point Loma/Loma Portal the site offer Buyers a rare opportunity to create a true legacy project in one of the

most dynamic locations in California. Strategically located across the street from Historic Liberty Station, the site presents an incredible opportunity for

redevelopment to mixed-use with residential apartments or condos.

Area Description

Minutes from Downtown and San Diego International Airport the property is ideally located in one of San Diego most sought-after communities. Point

Loma is home to the Old Point Loma Lighthouse at Cabrillo National Monument and home to the world's largest sportfishing fleet.

The site is directly across the street from Historic Liberty Station which is one of the most popular mixed-use projects in San Diego. Liberty Station

embodies both San Diego's deep military roots and the city's adaptability to the thriving arts and culture scene. Liberty Station is a 361-acre

mixed-use development on the site of the former Naval Training Center San Diego. The project includes several distinct districts: a retail and

commercial district with over 30 restaurants and the famous Liberty Public Market, a promenade focused on nonprofit activities, an educational

district, a residential district, a hotel district, an office district, and a park/open space area along the boat channel. The Naval Training Center site is

listed on the National Register of Historic Places, and many of the individual structures are designated as historic by the city of San Diego.

Offering Summary

Asking Price • Market Price - Submit All Offers

Property Tour • Site Visit By Appointment Only (Contact Agent)

Location • 2844, 2846, 2902, 2904 & 2918 Lytton Street, San Diego, CA 92110

Land Area • Approximately 37,135 Sq. Ft.

Building Size • Five (5) Commercial / Automotive Buildings | Approx. 7,734 Sq. Ft.

APN(s)

• 450-412-17-00 | 16,141 Sq. Ft. • 450-412-14-00 | 8,386 Sq. Ft. • 450-412-10-00 | 8,173 Sq. Ft. • 450-412-16-00 | 3,280 Sq. Ft. • 450-412-15-00 | 1,155 Sq. Ft.

Zoning

• CN-1-6, Commercial - Neighborhood (Link) • 1 Dwelling Unit Per 800 Sq. Ft. of Lot Area • Convenience Retail & Personal Services Uses • Uses Including but Not Limited to: Retail, Office, Eating & Drinking Establishments, Visitor Accommodations ... And Many Other Uses

Community Plan

• Midway-Pacific Highway Community Plan (Link) • Lytton District - Envisioned as a Residential Oriented District with Mixed-Use Residential Neighborhood Serving

Commercial Uses • Neighborhood Commercial with Residential Permitted

Development Regulations • Land Use Codes, Zoning Districts, Overlay Districts & Development Standards (Link) • Transit Priority Area (TPA) (Link)

Key

• 450-412-17-00 | 16,141 Sq. Ft.

• 450-412-14-00 | 8,386 Sq. Ft.

• 450-412-10-00 | 8,173 Sq. Ft.

• 450-412-16-00 | 3,280 Sq. Ft.

• 450-412-15-00 | 1,155 Sq. Ft.

Village & Districts Map

Neighborhood Commercial

- Residential Permitted

(0-54 du/ac)

Neighborhood Commercial -

Residential Permitted allows

small-scale, pedestrian oriented

commercial development that

primarily provides neighbor-

hood serving uses, such as

retail, service, civic, and office

uses. This designation pro-

motes primarily 1- to 2-story

development with active ground

-floor commercial uses, and

allows residential uses above or

behind commercial uses.

North San Diego Bay Harbor

Land Use Classification

SUBJECT PROPERTY

1

SUBJECT PROPERTY 2844-2918 Lytton Street, San Diego, CA 92110 Approx. 37,135 SF Redevelopment Opportunity

THE POST 2535 Midway Drive, San Diego, CA 92138

Approx. 230,000 SF Creative Office Campus

< Visit Website >

2

NIMITZ CROSSING 3903-3911 Voltaire Street, San Diego, CA 92107

24 Luxury Residential Units & Approx. 9,000 SF Retail

< Visit Website >

3

4

UPPER VOLTAIRE 4100 Voltaire Street, San Diego, CA 92107

Twenty Eight 2 & 3 Bed. 2.5 Bath Townhomes < Visit Website >

ON POINT, POINT LOMA 3030 Jarvis Street, San Diego, CA 92106 Fifteen 2 & 3 Bed, 2.5 Bath Townhomes

< Visit Website >

5

BELLAMAR, POINT LOMA 3025 Byron Street, San Diego, CA 92106

Sixteen Luxury Flats & Approx. 4,724 SF Retail < Visit Website >

6

SAN DIEGO INTERNATIONAL AIRPORT

North San Diego Bay Harbor

LIBERTY STATION

POINT LOMA MARINA

SPORTS ARENA SHOPPING CENTER OLD TOWN

POINT LOMA

MISSION BEACH

DOWNTOWN

MISSION HILLS

1 2 3

5

6

MISSION VALLEY

1 SUBJECT PROPERTY

2 THE POST

3 NIMITZ CROSSING

4 UPPER VOLTAIRE

5 ON POINT

6 BELLAMAR

OCEAN BEACH

4

1 2 3 4 5

BUILDING

Nest Hillcrest The Fort LOFT 2015 The Californian Loma 21

ADDRESS 4073 Albatross Street

San Diego, CA 92103

1011 Fort Stockton Dr

San Diego, CA 92103

2015 Hancock Street

San Diego, CA 92110

3233 Kempser Street

San Diego, CA 92110

2978 Worden Street

San Diego, CA 92110

UNIT SIZE (Average) 881 Sq. Ft. 896 Sq. Ft. 894 Sq. Ft. 894 Sq. Ft. 950 Sq. Ft.

$ / UNIT (Average) $2,711 $3,159 $2,244 $2,197 $2,438

$ / PSF (Average) $3.08 $3.53 $2.51 $2.46 $2.57

UNIT MIX (2) 1 Bed / 1 Ba

(8) 1 Bed / 2 Ba

(3) 2 Bed / 2 Ba

(6) 0 Bed / 1 Bath

(23) 2 Bed / 2 Ba

(2) 1 Bed / 1 Bath

(5) 2 Bed / 1 Bath

(7) 2 Bed / 2 Bath

(5) 0 Bed / 1 Ba

(47) 1 Bed / 1 Bath

(26) 2 Bed / 2 Bath

(7) 2 Bed / 1 Bath

(7) 2 Bed / 1.5 Bath

(7) 3 Bed / 1.5 Bath

5

SUBJECT PROPERTY

4

3

1 2

BUILDING ADDRESS SQ.

FT.

SALE

DATE

SALES

PRICE $ / PSF

1 Upper Voltaire 4100 Voltaire St #1 4100 Voltaire St #3 4100 Voltaire St #8 4100 Voltaire St #10 4100 Voltaire St #12 4100 Voltaire St #14 4100 Voltaire St #21 4100 Voltaire St #23

1,794 1,722 1,510 1,269 1,269 1,174 1,528 1,528

3/3/2020 10/28/2019 10/3/2019 12/2/2020

12/30/2019 11/22/2019 11/27/2019 12/16/2019

$ 1,150,000 $ 1,099,000 $ 1,060,760 $ 770,000 $ 749,000 $ 760,000 $ 901,060 $ 1,010,000

$ 641 $ 638 $ 702 $ 607 $ 590 $ 647 $ 590 $ 661

2 Bellamar 3025 Byron St #201 3025 Byron St #202 3025 Byron St #204 3025 Byron St #207

1,892 1,798 1,798 2,162

1/31/2020 10/18/2019 9/10/2019 12/3/2019

$ 635,000 $ 599,000 $ 608,000 $ 619,000

$ 335 $ 333 $ 338 $ 286

3 Fenelon 3024 Fenelon St 3026 Fenelon St

1,852 1,853

11/15/2019 8/11/2019

$ 645,000 $ 685,000

$ 348 $ 370

4 Garrison 3104 Garrison St 3106 Garrison St

1,700 1,900

3/3/2020 11/18/2019

$ 687,000 $ 699,000

$ 404 $ 368

5 Hugo Bay 3135 Hugo St 1,788 4/3/2020 $ 699,000 $ 391

6 One Point 3030 Jarvis St #2 3030 Jarvis St #5 3030 Jarvis St #10 3030 Jarvis St #11 3030 Jarvis St #15

1,846 1,950 1,721 1,712 1,712

1/7/2020 2/13/2020 2/14/2020 3/20/2020

10/25/2019

$ 729,000 $ 749,000 $ 710,000 $ 712,000 $ 749,000

$ 395 $ 384 $ 413 $ 415 $ 438

SUBJECT PROPERTY

1

2

3 4

5 6

LIBERTY PUBLIC MARKET 27 FOOD VENDERS

125 ACRE OPEN SPACE INCLUDING 46 ACRE WATER FRONT PARK

RESTAURANTS & BARS Stone Brewery // Slater’s 50/50 // Liberty Public

Market // Fireside by the Patio // Soda & Swine // Fig

Tree // Breakfast Republic // Cold Stone // Corvette

Diner // Dirty Birds // Five Guys // Harbor Greek Cafe //

Ikiru Sushi // Issara Thai // Luna Grill // Moniker

General // Officine Buona Forchetta // Panera Bread //

Sammy’s Woodfired Pizza // Smashburger // Subway //

Starbucks // Sushiya // Tender Greens

STORES Trader Joes // Vons // Crown Ace Hardware //

Boutiques // Liberty Station Cleaners // Moment

Bicycles // Navy Federal Credit Union

RECREATION The Lot Theater // Fitness Together // Kid Ventures //

Massage Envy // Pilates by the Bay // Point Loma Sports

Club // Sparkcycle // The Bar Method // Yoga Six Point

Loma // Golf Courses // Park Space // and More

San Diego Bay Harbor

SAN DIEGO AIRPORT

THE POST

SUBJECT PROPERTY

1 mile 3 mile 5 mile

POPULATION

Total Population (2019) 33,542 121,929 355,938

Total Population (2024) 36,542 127,914 370,557

Population Growth (2019 - 2024) 10.41% 4.91% 4.11%

Average Age 30.00 37.10 37.90

HOUSEHOLDS

Average Household Size 2.90 2.10 2.00

Total Households (2019) 9,856 51,781 162,687

HH Growth (2019-2024) 9.38% 3.86% 3.91%

INCOME

Average Household Income (2019) $78,691 $100,986 $94,606

Median Household Income (2019) $62,247 $75,631 $71,204

POPULATION BY RACE/ETHNICITY

White 21,755 98,698 281,766

African American 5,079 7,678 23,296

Asian 2,783 7,662 29,288

Other 3,479 7,892 21,588

REAL ESTATE MARKET SNAPSHOT

Renter Occupied Housing 7,663 31,494 108,911

Owner Occupied Housing 2,193 20,287 53,776

Median Home Value $739,226 $765,230 $701,018

Median Year Built 1983 1968 1972

Total Businesses 1,819 10,045 27,001

Total Employees 31,065 111,879 275,882

Source: Costar Demographic Reports

4

1

2

3

5 6

7 8

9 10

11

12

13

14

Pacific Ocean

SUBJECT PROPERTY

Location Time

San Diego International Airport 7 Min

Downtown San Diego 8 Min

Mission Valley 12 Min

La Jolla UTC 15 Min

U.S/Mexico Border 22 Min

Oceanside 40 Min

Orange County 80 Min

Los Angeles 120 Min

Drive Times

Tourist Attractions 1 LEGOLAND California

2 Del Mar Fairgrounds

3 Torrey Pines State National Reserve

4 La Jolla Cove

5 SDCCU Stadium

6 Belmont Park

7 University of San Diego

8 SeaWorld San Diego

9 Balboa Park

10 San Diego Zoo

11 USS Midway Museum

12 Cabrillo National Monument

13 Petco Park

14 U.S/Mexico Border

PETCO PARK

CABRILLO NATIONAL MONUMENT

BELMONT PARK

Tourism More than 35 million people visit San Diego each year who spend nearly $11.6 billion. With consistently desirable weather all year-round, 70 miles of coastline, ample amounts of family attractions, hiking, biking trails, as well as 90 golf courses and a large convention center, it is no surprise San Diego is ranked in the top 10 business and leisure destinations around the Country. Tourism employs more than 184,000 people or 13% of jobs in the county, in a variety of positions, as it ranks number three in San Diego’s traded economies. 50% of San Diego’s regional economy amounts from their local economy, this includes retailers, restaurants, professional and business service providers, and state-of-the-art healthcare. San Diego is consistently recognized as the Craft Beer Capital of America with more than 150 brewhouses, and ranked #2 best beer cities in America.

Innovation San Diego is recognized as one of the leading high-tech hubs in the U.S, with the most diverse high-tech sector in the nation and voted best place in America to launch a startup by Forbes magazine. With valuable innovations and technology, the city is anchored by established life science, communications, cleantech and software industries. San Diego has 50 colleges and universities, and more than 80 research institutes receive around $1.9 billion in annual federal and philanthropic funding to conduct ground–breaking technological and medical research. University of California San Diego is the second largest employer in San Diego. At San Diego State University, 60% of graduates stay in San Diego to pursue a career.

Military San Diego has the largest concentration of military in the world. The defense cluster plays a critical role in the region’s innovation, economy, and National security. The defense industry represents one out of every five jobs in the region. San Diego contains the highest number of active duty military, and numerous jobs are supported across all occupational types, representing one out of every five jobs in the region. The network of Sailors, Marines, members of the Reserves, civilian employees, aerospace firms, shipbuilders, electronics companies, software developers, researchers, and the various supply chains in San Diego represent a vital military ecosystem unparalleled anywhere else in the world.

Pacific Coast Commercial* (hereinafter “PCC”) has been retained as exclusive advisor and broker to the Owner regarding the sale of (the “Property”) located in the county of San

Diego at: 2884, 2846, 2902, 2904 & 2918 Lytton Street, San Diego, CA 92110. SITE VISITS BY APPOINTMENT ONLY. The Information contained in this Offering Memorandum (“Offering”) is confidential, furnished solely for the purpose of a rev iew by a prospective purchaser of 2844, 2846, 2902, 2904 & 2918 Lytton Street, San Diego, CA 92110 (the “Property”).

(The “Property”), and is not to be used for any other purpose or made available to any other person without the express written consent of Pacific Coast Commercial (“Broker”). The material is based in part upon information supplied by the Owner, and in part upon information obtained by Broker from sources it deems reasonably reliable. Summaries of any documents are not intended to be comprehensive or all-inclusive, but rather only outlines of some of the provisions contained therein. No warranty or representation, expressed or implied, is made by Owner, Broker or any affiliates, as to the accuracy or completeness of the information contained herein or any other written or oral communications transmitted to a prospective purchaser in the course of its evaluation of the Property. Prospective purchasers should make their own projections and conclusions without reliance upon the material contained herein and conduct their own independent due diligence, including engineering and environmental inspections, to determine the condition of the Property and the existence of any potentially hazardous material used in the construction or maintenance of the building or located at the site. This Offering was prepared by Broker and has been reviewed by the Owner. It contains selected information pertaining to the Property and does not purport to be all-inclusive or to contain all of the information which a prospective purchaser may desire. All financial projections are provided for general reference purposes only and are based on assumptions relating to the general economy, competition, and other factors beyond control and, therefore, are subject to material change or variation. An opportunity to inspect the Property will be made available to qualified prospective purchasers. In this Offering, certain documents, including leases and other materials, are described in summary form. The summaries do not purport to be completely accurate descriptions of the full agreements involved, nor do they constitute a legal analysis of such documents. Interested parties are expected to independently review all documents. This Offering is subject to prior placement, errors, omissions, changes or withdrawal without notice and does not constitute recommendations, endorsements or advice as to the value of the Property by Broker or the Owner. Each prospective purchaser is to rely upon its own investigation; evaluation and judgment as to the advisability of purchasing the Property described herein. Owner and Broker expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers to purchase the Property and/or to terminate discussions with any party at any time with or without notice. Owner shall have no legal commitment or obligation to any purchaser reviewing this Offering or making an offer to purchase the Property unless a written agreement for the purchase of the Property has been fully executed, delivered, and approved by the Owner and any conditions to Owner obligation thereunder have been satisfied or waived. Broker is not authorized to make any representation or agreements on behalf of Owner. The Information provided has been reviewed as to both form and content by the owner and/or broker, but its accuracy has not been confirmed by “Broker”. By your receipt of this offering, you acknowledge that the information is derived entirely from the owner, and “Broker” does not warrant or guarantee the accuracy and advises you to undertake an independent investigation of the facts and information contained therein. In consideration for “Broker” to release the information, including address and location of said “Property”, you expressly agree that any and all such information, whether written, oral or electronic format, shall be kept strictly confidential and that you, your agents, employees, or assignees, shall not directly or indirectly disclose, release or give access to said information to any person or entity, except as may be necessary to have the information reviewed as part of the analysis for the purpose of purchasing same. You further agree to return all the information and documents provided if a transaction is not consummated upon request of “Broker”.

Lytton Street SAN DIEGO, CA 92110

The information contained herein has been given to us by the owner of the property or other sources we deem reliable, we have no reason to doubt Its accuracy, but we do not guarantee it. All information including zoning, financials, leases, square footage, permits and use should be verified during due diligence and prior to completing a purchase.

CONTACT INFORMATION

Redevelopment Opportunity | Point Loma | Liberty Station

KEN ROBAK Vice President of Brokerage (619) 469-3600 Ken@PacificCoastCommercial.com Lic. 01236527

Tel (619) 469-3600 | Lic. 01209930 10721 Treena Street, Ste. 200 , San Diego, CA 92131 www.PacificCoastCommercial.com

AJ GEORGE Brokerage Associate Business & Investment Sales (619) 469-3600 AJGeorge@PacificCoastCommercial.com Lic. 01353648