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February 14, 1955
To The Honorable City Council
City of Newport Beach
Madam Mayor and Gentlemen:
Authority is requested to have Lots 1 - 8
inclusive, of Block 135, Canal Section, appraised.
Respectfully submitted,
John Sailors
JJS:MM City Manager
APPROVED
F E 3 14 1955
D Thy
JOHN J. SAILORS
CITY MANAOLA
CA F51i
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Lot d Bloat 227) ,.
J . . • • • • • . • • • . • . •.,. . . . • . 47l131.50
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Lot 22) To be sold together as a 50 2 103 ft.
23 Corner Lot, assuaing Lot 21 become part of Vida Way, � = r
Lot 14 (Average width 35.36 ft.)
1 25"ft x 103 ft.
17
18
19
20 M M
21
22
2 " «
24
25
26 " •
27 a
28 " p
29 Bell together as Corns
30j Lot 50 x 103 ft.
$ 3,090.00
2,250.00
2,250.00
2,950.00
2.250.00
2,250.00
2#250.00
2,250.00
2,250.00
20250.00
2,250.00
2,250.00
2,250.00
2,250.00
24250,00
Grand TqW
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93.021.50
(signed) Louis W. Briggs.
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V A L U AT I ON OF
Nineteen lots which are; Lots 22 and 23, Block 431 and Lots
14 to 30 inclusive, Block 530, all of which are located in
Lancaster's Addition to Newport Beach, as shown on a Map re-
corded in Book 5,, Page 14 of Miscellaneous Maps, records of
Orange County, California.
F O R
City of Newport Beach
California
B Y
RALPH P. MASKEY
3411 W. CENTRAL AVENUE
NEIfPORT BEACH, CALIFORNIA
October 25, 1948
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As requested by J. B. Webb, City Engineer, I have
personally examined and carefully considered for valuation
Lots 22 and 23, Block 431 and Lots 14 to 30 inclusive, Block
530, all of which are located in Lancaster!6 Addition to
Newport Beach.
The map furnished me includes the re -location of 32nd
Street giving the lots in Block 530 a depth of 1031 facing on
a 641 street with 50T of roadway. Also, shows increased alley
width of 16t making 30f in all.
The basis upon which I am predicating the value placed
on the lots is the knowledge of the changes as outlined and
the paving of 32nd Street and the alley including sidewalk and
curb on 32nd Street.
Any structures now existing on the subject property have
not been considered for valuation.
In my opinion, this property has excellent possibilities
of being developed into a high class shopping section for the
reason that there is enough land to interest an investor to
build for income, and it is properly zoned.
This appraisal is rendered with no specific purchaser or
seller in mind.
The highest price, in terms of money, which the property
will bring if exposed for sale in the open market, with a
reasonable time being allowed to find a purchaser, buying with
full knowledge of all of the uses and purposes to which it is
adapted and for which it is capable of being used, constitutes,
in my opinion, its fair market value.
The value placed on the property has no bearing or
influence in the amount of my fee, nor am I interested now or
intend to become interested in the above property.
This appraisal assumes good title, any liens, encumbrances
or taxes which may now exist have been disregarded and the
property is valued as though free and clear of all indebtedness.
I hereby certify that to my best belief and knowledge,
the following representations of the expressions of opinion
are correct and that in my opinion the market value is
$58,700.00.
October 25, 1948
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Nineteen lots which are; Lots 22 and 23, Block 431 and Lots
14 to 30 inclusive, Block 530, all of which are located in
Lancaster's addition to Newport Beach, as shown on a Map
recorded in Book 5, Page 14 of Miscellaneous Maps, records
of Orange County, California.
Lot Block Value
22 431 $ 3250*00
23 431 3250.00
14 530 5000..00
15 If 2600*00
16 " 2600.00
17 " 2650.00
18 t° 2700,00
19 2750900
20 " 2800.00
21 2850.00
22 't 2900.00
23 °t 2950.00
24 " 3000,00
25 " 3050. 00
26 " 3100,00
27 3150000
28 " 3200*00
29 °° 3250,00
30 °+ 3650.00
$ 580700.00
October 25, 1948
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Sales of vacant lots within the past 18 months in Lancaster's
Addition to Newport Beach.
May, 1948 • Lot 15, Block 331 $2,000,00
April, 1948 - Lot 1.8, Block 331 2,750.00
November, 1947 -'Lots 1, 2, 31 4 and 5,
Block 430 110000.00
July, 1947 - Lots 13 and 14, Block 431 5,000.00
August, 1948 - Lot 23, Block 431 219250.00
September, 1947 - Lot 2, Block 530 1,000.00
August, 1948 - Lot 1, Block 530 32500.00
October 25, 1948
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