2005/06/15 Council Agenda Packet

REAL ESTATE PROFESSIONAL SURVEY Please complete this brief survey and return it to the City of Garden Grove, City Manager's Office, by March 1, 1991. A postage paid envelope is enclosed for your convenience. 1. Based upon your personal observations as a real estate professional, or on information received through the practice of your profession, do you have an opinion as to whether the presence of an adult bookstore affects the resale or rental values of nearby properties? Yes No opinion 2. How many years have you practiced in the real estate profession? _ 3. How many years have you practiced real estate in the Garden Grove area? Questions 4 through 15: Please read the following information about a hypothetical neighborhood and respond to a few questions in terms of your professional experience and judgment. A middle-income residential neighborhood borders a main street that contains various commercial uses that serve the neighborhood. Although most of the neighborhood is comprised of single-family homes, there are two multiple -family residential complexes in the neighborhood as well. A commercial building recently has become vacant and will open shortly as a typical adult bookstore. (A "typical" adult bookstore in Garden Grove also contains several "peep show' booths. there are no other adult bookstores or similar activities in the area. There is no other vacant commercial space presently available in the area. Based upon your professional experience, how would you expect average values of the following types of property to be affected if they are less than 200 feet away from the new adult bookstore? (Circle th appropriate nusnber for each type of property.) Decrease Decrease Decrease No Increase Increase Increase 204 10-20d 0-104 Effect 0-10s 10-20. 20s 4. Single-family residential 1 2 3 4 5 6 7 5. Multiple -family residential 1 2 3 4 5 6 7 6. Commercial 1 2 3 4 5 6 7 How would you expect the average value to be affected if the properties are within 200 to 500 feet of the new adult bookstore? Decrease Decrease Decrease No Increase Increase Increase 20% 10-200 0-10% Effect 0-104 10-20. 204 7. Single-family residential 1 2 3 4 5 6 7 8. Multiple -family residential 1 2 3 4 5 6 7 9. Commercial 1 2 3 4 5 6 7 Assume that the new adult bookstore will be located within 7000 feet of an existing aduTt bookstore or other adult entertainment use. Based upon your professional experience, how would you expect the average values of the following types of properties to be affected, if they are less than 200 feet away from the new bookstore? EVER00420 Decrease Decrease Decrease No Increase Increase Increase 20% 10-20% 0-10% Effect 0-104 10-20a 20% 10. Single-family residential 1 2 3 4 5 6 6 7 7 11. Multiple -family residential 1 2 3 4 5 6 12. Commercial 1 2 3 4 5 EVER00420