PROPERTY INFO
Property Description
The subject property is located on Camino Las Ramblas just east of Avenida Pescador approximately 1.5 miles from Interstate 5 and two miles from the Pacific Ocean in San Juan Capistrano, Orange County, California.
Market Research
Previously unavailable the 63+ acres presents a unique opportunity to gain a foothold in coastal California. Based on preliminary market research, records show no other property of its kind available for purchase to the public in Southern California.
Estimates
Situated in the prestigious enclave of San Juan Capistrano in Southern California, proximate to the Pacific Ocean, a major interstate highway,
and with desirable neighborhood attractions, in determining any valuation it would be appropriate look at the potential ‘highest and best use’ for the property contingent upon San Juan Capistrano zoning permissions.
Current Market
The California Legislature has identified the attainment of a decent home and suitable living environment for every Californian as the state’s main housing goal.
San Juan Capistrano’s Mayor Howard Hart recently stated* that San Juan Capistrano embraces the challenge of offering zoning that balances the city’s dedication to history, while providing a diversity of housing.
As San Juan Capistrano is already mostly built out, the timing is now to look to such open space districts as a potential creative solution to the need for more housing while maintaining the charm of the surrounding historic community.
*Staff; “Housing Survey Responses—San Juan Capistrano Mayor Howard Hart”, The Capistrano Dispatch, August 9, 2023, updated January 22, 2024.