HomeMy WebLinkAboutSS2 - Short Term Rental - PowerPointENING 84 ECONOMIC IMPACT IN THE R-1 ZONES
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SHORT TERM LODGING PERMIT
i TS
➢R-1 ZONING RESTRICTION
➢DISCRIMINATION
➢SHORT TERM LODGING HISTORY
➢ECONOMIC IMPACT
➢PENINSULA DEMOGRAPHIC
➢COMMUNITY IMPACT
Created by Burr White Realty &
Newport Beach Vacation Properties (2006-2016)
ORDINANCE #2004-6
DINANCE PASSED DUE TO
E'*)GUIDED CLASSIFICATION
OF GROUP HOMES AS
TRANSIENT OCCUPANCY
N
- N
RANDFATHERED
VERSUS
RANDFATHERED
RESTRICTION
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GRANDFATHERED
R-1 STLPAS OF
2007
143 TOTAL (17%)
NOW LESS THAN 10%
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A LOOK AT PROPERTY
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BALBOA ISLAND EXEMPTION
(ZONING BI - Formerly R 1.5)
I • "--%
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COASTAL COMMISSION
WANTS PUBLIC ACCESS
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NEW RULINGS
VAUATiON RENTALS
ARE VISITOR SERVICE
FACILITIES
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HISTORY
Unrestricted
Permitted Access
Restricted
CONSEQUENCES
NEGATIVELY AFFECTS A
PROPERTIES RESALE w
VALUE
{
EN
I %%Wl Awl
MANY BALBOA PENINSULA
SECOND HOMES
SIT EMPTY BECAUSE THEY
CANNOT GET A PERMIT
��rwAl
IMPERFECT
RECORDS
i .
r -o_
LOST REVENUE FOR
BOTH CITY AND
PROPERTY OWNERS
#0
CITY LOSING t
REVENUE AND CODE
PMPC)Pr.PKAPMT
BURDEN
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INCREASED
REVENUE
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LOST REVENUE
PROJECTIONS/ urir./Al
L- -6i NNW =
CKJ
a
POSITIVE ECONOMIC IMPACT
�6-+ +--A
1
a
� T
.ti
i
�_'.
ia'•i r y.-EAs
YEAR TOT Lost Revenue
2005
$23,400
2006
$56,700
2007
$92,400
2008
$130,500
2009
$171,000
2010
$213,900
2011
$259,200
2012
$306,900
2013
$357,000
2014
$409,500
$2,020,500
YEAR TOT Lost Revenue
2015 $464,400
2016 $521,700
2017 $581,400
2018
$643,500
2019
$708,000
2020
$774,900
2021
$802,200
2022 $829,900
2023 $858,000
2024 $886,500
$9,500,500
L.
Newport Dunes
Resort
Newport Vacation
Rentals
Marriott Newport
Villas
Total Spending
TOTAL RESERVATION
BWR
FROM 2013: $6,629,546
111 KleelgiolLID]1Lo
25%
7 5 %
i��.!LlCm:f:
$100,000
$500,000
1 San Francisco
2 San Diego (2013)
3 Los Angeles
4 Anaheim
5 Santa Monica
6 Beverly Hills
7 San Jose
8 Palm Springs
9 Carlsbad (2013)
10 Monterey
11 West Hollywood
12 Long Beach
13 Burlingame
14 Newport Beach
15 Santa Barbara
16 Oakland
17 Mammoth Lakes
18 Garden Grove
19 Coronado (2013)
r
TOT Tax
209, 961, 963
157, 000, 000
134, 796, 321
82, 604, 995
32, 747, 288
26, 594, 808
18,102,249
15, 797, 285
14,690,000
14,655,418
14, 089, 667
13,782,489
13,404,077
13,018,486
12,459,157
12, 394, 764
11,195,705
11,133, 777
10,437,000
Tax Rates
14.0%
10.5%
14.0%
15.0%
14.0%
14.0%
10.0%
13.5%
10.0%
10.0%
11.5%
12.0%
12.0%
10.0%
12.0%
14.0%
13.0%
14.5%
10.0%
State of California Comptrollers Office August 2013
t
■ Summer Average Daily Rate Per Room
$153133
031
$497.00
$1165.67
2007 2008 2009
Summer Average Daily Rate (Per Home)
$506.00 $506.00 $509.00
$168.67 $168.67 $169.67
11 M 11
2010 2011 2012
$510.00
$170.00
2013
OF ILLEGAL STL
0
t
POLICING
LLEGAL STLP
I
l
IMPACT
The top 10 markets where traveler demand is on the rise, based
on ayear-over-year analysis (Q2 2011 vs. Q2 2012) of inquiries
from travelers looking to rent a vacation home, include:
1. Balboa Peninsula, Calif. (up 222°/o)6. Honolulu (up 115%)2.
Reunion, Fla. (up 137%)7. Kissimmee, Fla. (up 114%)3. Aspen,
Colo. (up 127%)8. New Orleans (up 114%)4. San Diego (up
124%)9. Vail, Colo. (up 111 %)5. Folly Field, S.C. (up 11 6%)1 0.
Gulf Shores, Ala. (up 108%)
Source: Homeaway
+ J Search when I move the map iiror t
w r Min Price: $330
m wwl nst q i*' !i momFlltere XROOM TYPE xPRICE
Av .? a Y 1 Willlem A Masan
a ° 4iormaSt p+` 4� Regic;WPark
Upper Newporl _ - o---•:--
a Un+ver`s+N
mPR;. ' `' � `� s &a9 Nature
we pQ
Preserve
�iaP�er! � rsr
RegronaiPark ;c2 LPcAasan,�r
Costa Mesa °e4 qn
m FJ 8r t'� 4 far?r
Fr �h $F son Ave a
=' S
� n
FjRd � &nlracan9�n4r San oa9c
� mis
e 9 sTra�
J Newrt T Fav
on
oa3rHwy 5°� Entirehomefapi
_ rse�s' tanlaamhz Newport Beach, Newport Beach
rmis.a r Hills
+
npr la lrr )l�. .,.. .`mill,�r i .i San JoayuinCba
°e Brud � � Nuck G uI lY r►;
Reserve -
'ri .0
s rt, p a
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('Alar 5t
y}
VPN'VU�\
Max Price $1000
89 Rentals • Newport Beach
0 Language and Currency
'700 Entire homelapt
Newport Beach, Newport Beach
$ 544
a
Enure hcmelapt
Newport Beach, Newport Beach
Per night
Per night
Ilk
1337
Per night
Entire homefapi
Newport Beach, Newport Beach
N
"425 Entire homelapt 5 346® Entire homelapt $ 430
Per night Newport Beach, Newport Beach Per night Newport Beach, Newport Beach Per night
Hundreds of Properties Listed - Many Illegal
Newport Beach, Orange County, California ArTwal Depart MI I I dont have dates yei lit i
Sort by VRBO Sort . Price_ Any - Sleeps: Any - Bedrooms: Any Bookingtype: Edit - More filtersAdd+
5494 avg/night View listing for price $243 avg,+night $330 avg/n6ght $279 avg/n6gl-ft $259 avg.rnight
Newport Beach (898 rentals)
Horne r USA r California a Orange County r Newport 'Beach Hide neighborhoods
Fashion Island Mariners Balboa Island Castaways East Bluff
Harbor View west Newport Balboa Peninsula Corona del Mar Other Newport Beach
.Lido Isle Airport Area Belcourt Crystal Cove Properties
Balboa Peninsula Point Beach Studio -Steps $165 r" Expand map U Search when 1 move
j. to the Sand... avgMighi P sa�rrvcczsr M
aP
3 night min slay -I nll r Ave 55
- 4431323 -
Studio 1 BA Sleeps 2 49 Bogk"-
a a
Stunning, 18170 S.F. 4 BR/3 BA Ocean View $594 rair0,
Condo avg/night Santa Ana r" a_
I
1772448 2-3 night min stay v 'nd1A`I°$� Neiylns _ Universkty
r3 of GaliFarnia
r Ifvrne
4 BR 3 BA Sleep s 10 3 eooknow Costa Mesa, a
#, l
Owner Operaled
'i! wd Rd
ort
h 4
Beautiful Bayfront with 4 Bedrooms & 5 $$20 } san ji aquin
htni /FCIs
I Bathrooms on Baltica Island av g g
3-7 night min stay
4 BR 5 BA Sleeps 10
Go --gle Map dma @291@ Google Terris of llee Repos* a map error
7& 3BR/3bath Luxury Horne Minutes to $300
Jaw Airport/Disney/Beaches/Shop ping/Uci n avg/^ fight
900 Hundred Properties Listed - Many Illegal
Feedback x
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INDUSTRY SIZE
-y
s
,144 ! a E
V� Lab
ry TO
�p _Art
wF—
Vacation Rental Industry
By the Numbers
From the 2010 Radius Global Market
Research survey:
The vacation rental industry
generated $85 billion in 2010 in the
U.S. and Europe.
From the 2012 Summer Vacation Rental
Managers Association (VRMA) Owners
report:
Owners generate an average of $26,000
per year in rental income
DEMOGRAPHIC PROFILE
:BALboA
1935
C-,�.. r'
CHANNEL ROAD
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rr 1
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W�m - padrLc Occan hn Urange Cajn'.Y -CaJfl0mi& 45
r
ll �!
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milts south Los. A rigelcs, 90 rm Iv, math Of SAd
'Dime}'Land. New,pon E4=mtl i% the Pf icel
d sfimtion for fammdy mmher,, x.10 cm-PY
�r EK-li
tie . � u'rr' h.i% a ty, we hnvr Nem iemh vwabom rC.ntalS on or nor the h ail ytU rgund.
new
. �l iiR a Ply' fr'l "X
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ra" �� t °��G�d.
� lUC e,�:,.gUr amd int of r � #Mall. Ywhl
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5LBAUS, ±�u Call r�at a �i��c�e. �f �fiof � �r����ri . you =jet �i.
a hal m. Gxp,ure ?rt Harbor ear Imhoff the Balboa
Or �,u al h our t aJ Buhu
p�lr l� vvrL, r �!ke�d uti�� n C taj'na Wand.
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Villape havehaveis. If Yad ; 0 ihoppef 37 ham, FaShLon IFJ amd rhw L '. Inri r.a
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bwadreds of shops arA, domm of MAMrarrts from which to choost.
you Uabmt tD expuitAceciae 0 thr most unique drsti t.i
ow
3 1x1}t Tn W—arni3 has to after, at Ii �r�r p1��2 r� � �
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ortbeachluxuryrentals.com
What's the differerCe bstw9erl
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DAC
2% STLP R-1
98% All Others
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GROCERIES
A
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0
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Total City -Wide DACS 2006-2010
Total DACs: Summer (June 10 -Sept. 10)
Total Peninsula DACs
Total Summer DACs on Penin
% of Peninsula DACs: Summer (615/1751)
% of Summer DACs in City on Peninsula (015/1094)
% of City DACs on Peninsula in Summer (615/3164)
% of Total DACs
3164
1094
1751
615
°
.2°
19.4%
STL'S BURDEN
CITY SERVICES
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PARKING
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Annual Beach Visitors
Annual
Vacation Guests
Vacation
Guests in R-1
NEIGHBORHOOD
COMPLAINTS
AM
HIGHEST POPULATION DENSITY
in
BALBOA PENINSULA
. ,. -• 1z.
a
Ala
4. .. --a .J .i I�
1�� ' i� ' s°
.may- ,L � � ' ° 7'F �s � • l�_•1� 7L� �a.d. � �`�` u �' u "' — ��
-46
- .-- � 4 -y •+i .'R� ,. d� _ , , � _ erg
-,_arra _ � • � -
L'
17,155
12.291
Courtesy of First American Title
Courtesy of First American Title
OVERCROWDING
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:6 �P. MOST PROBLEMS ARE
^. - �--�e i ,. ,�i . _ s. w ��. .tea _� ._,. _ .1''g��� 1,•4i�:.�3_ �1 `�F
r _-- FROM
*`4� s . v ' R I DAILY BEACH GOERS
r.
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FROM INLAND AREAS
Ll
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e
� 1� I � • P � y� ti,� .. 1 1 �ry L e _ , f
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VACATION GUESTS HAVE
ASSIGNED PARKING &
EACH UNIT HAS OCCUPANCY LIMITS
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it IL
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ON
or
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lb
NOISE ORDINANCE
VIOLATIONS
u
r
A
MINIMAL STL
SUMMER DAC'S
DACS (2006')
Peninsula/West Newport/Balboa Island'
w/STEP (Active)
w/STEP (Active)
w/STEP (Active)
Non -Summer
Summer
R-1 (Peninsula)
R-1 w/STEP
R-1 w/STEP (excluding
24 -27th streets)
Total %Total
988 100%
609 62%
155 25%of Penni
123 20%
32 5%
79 13%
9 1 %
Z O% shores,
5207 SS
Information provided by City of Newport Beach Police Department
2004-6: SUMMARY &CONCLUSION
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REVENUE
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BENEFICIAL IMPACT TO
LOCAL BUSINESSES
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W
REASE LOCAL
)PERTY
UES
rpa.
EQUALIZE
PROPERTY RIGHTS
1 01
MAINTAIN
POPULARITY/PERCEPTION
OF CITY ASA
VACATION DESTINATION
CONTINUITY OF STL IN
NEWPORT BEACH
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