City of Santa Ana Ownership
±4,025-SF Portion of APN 410-071-44
Santa Ana, California
Effective Date of Appraisal:
June 9, 2023
H E N N E S S E Y & H E N N E S S E Y L L C
A California Limited Liability Company
Real Estate Appraisers
17602 17th Street, Suite 102-246 • Tustin, California 92780-7915 (714) 730-0744 • e-mail: [email protected]
Sharon A. Hennessey, MAI, SR/WA, AI-GRS
Certified General Real Estate Appraiser
MAI Designated Member of the Appraisal Institute
Joseph A. Hennessey, SR/WA (1928-2016) AI-GRS Designated Member of the Appraisal Institute Senior Member, International Right of Way Association Senior Member, International Right of Way Association June 13, 2023
Ms. Haley Gilbert
Project Manager, CIP Engineering
City of Santa Ana
Public Works Agency (M-36)
20 Civic Center Plaza
P.O. Box 1988
Santa Ana, CA 92702
RE: Restricted Appraisal Report covering
City of Santa Ana Ownership
±4,025 Portion of APN 410-071-44
Santa Ana, California
At your request and authorization, herewith is submitted a Restricted Appraisal Report, as defined by the Uniform Standards of Professional Appraisal Practice, covering the above-referenced subject property. A Restricted Appraisal Report is appropriate in this instance because this report is for the client’s use only.
Per the City of Santa Ana, the subject property is ±4,025 square feet. The subject property does not have a street address. It is identified as a portion of APN 410-071-44.
The purpose of this appraisal is to estimate the range of market value of the subject property as of the effective date of the appraisal. This appraisal report is intended to provide our client, the City of Santa Ana, with an estimated range of market value for the subject property to be used for internal decision-making purposes, including possible sale of the property to the abutting ownership to its south side. The intended users of this report are the employees and duly authorized representatives of the City of Santa Ana.
The effective date of the appraisal is June 9, 2023. The date of the report is June 13, 2023.
Opinion of Value
It is the appraiser’s opinion that the market value range of the subject property as of the date of value, June 9, 2023, subject to the assumptions and limited conditions state herein, is:
$4,800 to $16,100
The following analysis, opinions, and conclusion were developed in conformance with the Uniform Standards of Professional Appraisal Practice (USPAP) and the “Code of Professional Ethics” and the “Standards of Professional Practice” of the Appraisal Institute. Any data, reasoning, and analysis not discussed in this Restricted Appraisal Report have been retained in the appraiser’s work file.
HENNESSEY & HENNESSEY LLC
by
Sharon A. Hennessey, MAI, SR/WA, AI-GRS
State of California AG003323
Santa Ana - APN 410-071-44 (6-13).wpd
Requirements for Restricted Appraisal Reports
USPAP Standards Rule 2-2(b)
The following items are required to be included in a Restricted Appraisal Report:
i. State the identity of the client, or if the client requested anonymity, state that the identity is withheld at the client’s request but is retained in the appraiser’s workfile; ii. State the identity of any other intended user(s) by name; iii. Clearly and conspicuously state a restriction that limits use of the report to the client and the named intended user(s);
iv. Clearly and conspicuously warn that the report may not contain supporting rationale for all of the opinions and conclusions set forth in the report;
v. State the intended use of the appraisal;
vi. State information sufficient to identify the real estate involved in the appraisal; vii. State the real property interest appraised;
viii. State the type of value and cite the source of its definition; ix. State the effective date of the appraisal and the date of the report; x. State the scope of work used to develop the appraisal; xi. State the extent of any significant real property appraisal assistance; xii. Provide sufficient information to indicate that the appraiser complied with the requirements of Standard 1 by:
1) stating the appraisal methods and techniques employed; 2) stating the reasons for excluding the sales comparison, cost, or income appraoch(es) if any have not been developed;
3) summarizing the results of analyzing the subject sales, agreements of sale, options, and listings in accordance with Standards Rule 1-5; and
4) stating value opinion(s) and conclusion(s);
xiii. State the use of the real estate existing as of the effective date and the use of the real estate reflected in the appraisal;
xiv. When an opinion of the highest and best use was developed by the appraiser, state that opinion;
xv. Clearly and conspicuously:
• State all extraordinary assumptions and hypothetical conditions; and • State that their use might have affected the assigned results; and xvi. Include a signed certification in accordance with Standards Rule 2-3.
City of Santa Ana Date of Value: June 9, 2023
±4,025-SF Portion of APN 410-071-44 1
Preface
This is a Restricted Appraisal Report as defined in the Uniform Standards of Professional Appraisal Practice (USPAP). By prior agreement, the client has determined that a Restricted Appraisal Report is appropriate in this instance.
This report is intended to comply with the reporting requirements set forth under Standards Rule 2-2(b) of USPAP for a Restricted Appraisal Report. As such, it does not present discussions of the data, reasoning, and analyses that were used in the appraisal process to develop the appraiser’s opinion of value. Rather, only brief statements are presented. The supporting documentation concerning the data, reasoning, and analyses is retained in the appraiser’s file. The depth of discussion contained in this report is specific to the needs of the client and for the intended use of this report.
The subject property (portion of APN 410-071-44) is a ±4,025-square-foot vacant lot. If sold, the subject property would be joined/assembled to the adjacent ownership to the south.
Only the Sales Comparison Approach was used to value the subject property. This approach was considered to be the most likely approach a potential purchaser of the subject property would use.
The Income Approach and the Cost Approach were not used, because this parcel is essentially unimproved (vacant lot) and these approaches are not pertinent in this instance.
Standards Rule 2-2(b) of USPAP specifies that a Restricted Appraisal Report address 16 specific issues.
The following sections of this report are presented in a manner so as to comply with the 16 requirements that are specified on the previous page.
i. State the identity of the client, or if the client requested anonymity, state that the identity is withheld at the client’s request but is retained in the appraiser’s workfile; City of Santa Ana
ii. State the identity of any other intended user(s) by name; None
iii. Clearly and conspicuously state a restriction that limits use of the report to the client and the named intended user(s);
The use of this report is limited to the client and intended user, City of Santa Ana. There is no other intended user.
iv. Clearly and conspicuously warn that the report may not contain supporting rationale for all of the opinions and conclusions set forth in the report;
This report is restricted in that it does not present discussions of the data, reasoning, and analyses that were used in the appraisal process to develop the appraiser’s opinion of value. This report cannot be thoroughly understood without this information. This information has been retained in the appraiser’s file.
City of Santa Ana Date of Value: June 9, 2023
±4,025-SF Portion of APN 410-071-44 2
v. State the intended use of the appraisal;
The intended use of this report is to establish the market value for the subject property as of the effective date of the appraisal. This report is to be used by the City of Santa Ana for internal decision-making purposes, including possible sale. The intended users of this report are the employees and duly authorized representatives of the City of Santa Ana. vi. State information sufficient to identify the real estate involved in the appraisal; The subject property is identified as a ±4,025 portion of Assessor’s Parcel Number 410-071-44. It does not have a street address. The subject property is located adjacent to the north side of 3025 Ramona Drive, Santa Ana, California. The subject property is shown on the exhibit in the Appendix of this report.
vii. State the real property interest appraised;
The property rights being appraised are fee simple interest.
The Dictionary of Real Estate Appraisal, 7
th Edition, published in 2022 by the Appraisal
Institute defines “fee simple estate” on page 73 as follows:
Absolute ownership unencumbered by any other interest or estate, subject only to the limitations imposed by the governmental powers of taxation, eminent domain, police power, and escheat.
The fee simple estate valued in this report is appraised as though free and clear of existing leases and all other encumbrances except those noted in the valuation section of this report.
viii. State the type of value and cite the source of its definition; Definition of Market Value
The Dictionary of Real Estate Appraisal, 7
th Edition, published in 2022 by the Appraisal
Institute defines “market value” on page 118 as follows:
The most probable price, as of a specified date, in cash, or in terms equivalent to cash, or in other precisely revealed terms, for which the specified property rights should sell after reasonable exposure in a competitive market under all conditions requisite to a fair sale, with the buyer and seller each acting prudently, knowledgeably, and for self-interest, and assuming that neither is under undue duress.
ix. State the effective date of the appraisal and the date of the report; The effective date of the appraisal is June 9, 2023.
The date of the report is June 13, 2023.
x. State the scope of work used to develop the appraisal; The scope of the appraisal is the extent of the process of collecting, confirming, analyzing, and reporting data. The following were completed for this assignment:
1. Accepted the assignment to make an objective appraisal of the subject property and to report the estimated range of market value.
City of Santa Ana Date of Value: June 9, 2023
±4,025-SF Portion of APN 410-071-44 3
2. Toured the general area by automobile to get acquainted with the extent, condition, and quality of nearby developments, sales and offerings, density and type of development, topographical features, economic conditions, and trends toward change.
3. Viewed the subject property to get acquainted with the current particular attributes or shortcomings of the subject property.
4. Made a visual observation concerning public streets, access, drainage, and topography of the subject property.
5. Photographed the subject property and the immediate environs.
6. Obtained from qualified sources calculations of the area of land contained within the subject property.
7. Reviewed current maps, zoning ordinances, and other material for additional background information pertaining to the subject property and the sale property.
8. Formed an opinion of the highest and best use applicable to the subject property appraised herein.
9. Searched public records for factual information regarding recent sales of the subject property, and for recent sales of comparable property.
10. Viewed and confirmed, when possible, the sales price and other particulars pertaining to each comparable sale contained in this report.
11. Analyzed the data to arrive at a conclusion via the Sales Comparison Approach.
This was the only applicable approach. The Cost Approach and the Income Capitalization Approach were not applicable, because the subject is vacant land.
12. Reconciled the results of the analysis into an estimated range of value.
13. Prepared and delivered this Restricted Appraisal Report. xi. State the extent of any significant real property appraisal assistance; No one provided significant appraisal assistance.
xii. Provide sufficient information to indicate that the appraiser complied with the requirements of Standard 1 by:
1) stating the appraisal methods and techniques employed; 2) stating the reasons for excluding the sales comparison, cost, or income approach(es) if any have not been developed;
3) summarizing the results of analyzing the subject sales, agreements of sale, options, and listings in accordance with Standards Rule 1-5; and 4) stating value opinion(s) and conclusion(s);
Appraisal Procedures
Per the client, the subject property is a vacant lot. This is a long narrow lot located between a residential property and a public bike lane. It does not front to a public street.
City of Santa Ana Date of Value: June 9, 2023
±4,025-SF Portion of APN 410-071-44 4
The Sales Comparison Approach was used to value the subject property. The Cost Approach and the Income Capitalization Approach were not used in this analysis, because the subject property is vacant. Thus, these approaches are not relevant in this instance.
General - Subject Property
The subject property is a vacant site located adjacent to a residential neighborhood.
The Land Use Element of the General Plan designates the subject property as LR-7, Low Density Residential. The subject is zoned R1, Single Family Residence.
Valuation - Subject Property
A search for comparable sales was conducted within the City of Santa Ana. Due to the limited number of sales, the search was expanded to include central and north Orange County. The most relevant sales were used to arrive at the value conclusion. Price per square foot was used as the unit of comparison. The indicated range of value of the subject property is $33.80 per square foot to $79.57 per square foot. The indicated value is $40.00 per square foot if independently developable.
The subject property is a landlocked site with the only potential user being the adjacent property owners on either side of the property.
The subject property is a small, narrow, landlocked parcel. The value of the subject property on a per square foot basis is less than the value of the abutting parcel on a per square foot basis. Properties with limited utility, such as the subject, are often referred to as remnant properties. These properties are most often sold at a discount. The factors that diminish the utility of a parcel may include physical constraints such as unusually small size, irregular configuration, access issues, or heavy encumbrances such as blanket easements, deed restrictions, or covenants. These restrictions limit marketability and value.
Historical sales data for remnant properties with diminished utility was collected and reviewed as the basis for estimating the appropriate discount to be applied to the preliminary value estimate. Due to the infrequency of these sales, the data search was expanded to include all of Southern California over an extended period of time. The analysis of remnant properties found that discount rates range from 36% to 97%; however, the predominant discount is above 60%.
Discounts of 90% and 97% were applied to the preliminary value estimate of $40.00 per square foot to reflect the diminished utility of the subject property due to its lack of access from a public street, its small size, and its long, narrow shape. $40.00/SF @ 90% discounted value = $4.00/SF × ±4,025 SF = $16,100 $40.00/SF @ 97% discounted value = $1.20/SF × ±4,025 SF = $4,830 rounded to $4,800
Opinion of Value
It is the appraiser’s opinion that the market value range of the subject property as of the date of value, June 9, 2023, subject to the assumptions and limited conditions stated herein, is:
$4,800 to $16,100
City of Santa Ana Date of Value: June 9, 2023
±4,025-SF Portion of APN 410-071-44 5
Exposure Time
Exposure time is the amount of time necessary to expose a property in the open market to achieve a sale at the “as is” value conclusion, as of the date of the “as is” value. A reasonable exposure time for the subject property is estimated to be between 12 and 36 months.
File Information
As previously stated, this is a Restricted Appraisal Report; therefore, details of the comparable sales and the valuation analyses that have not been included in this report have been retained in the appraiser’s work files.
xiii. State the use of the real estate existing as of the effective date and the use of the real estate reflected in the appraisal;
The subject property is essentially vacant and is appraised as such. xiv. When an opinion of the highest and best use was developed by the appraiser, state that opinion;
The conclusion of the highest and best use is based on consideration of those uses that are physically possible, legally permitted, and financially feasible. It is further limited by the use or uses that are maximally productive. After considering these factors, the highest and best use of the subject property is to hold as speculative investment. xv. Clearly and conspicuously:
• State all extraordinary assumptions and hypothetical conditions; and • State that their use might have affected the assigned results; and The value conclusion is subject to the following hypothetical condition that may affect assignment results:
• None
Hypothetical conditions are contrary to known facts about the physical, legal, or economic characteristics of the subject property; or about conditions external to the property, such as market conditions or trends; or about the integrity of data used in an analysis.
The value conclusion is subject to the following extraordinary assumption that may affect assignment results:
• The subject property is a ±4,025-square-foot portion of APN 410-071-44. For the purposes of this appraisal, the ±4,025-square-foot portion is appraised as though it is an independent parcel.
An extraordinary assumption is uncertain information accepted as fact. If an extraordinary assumption is found to be false as of the effective date of the appraisal, I reserve the right to modify my value conclusions.
xvi. Include a signed certification in accordance with Standards Rule 2-3.
Please see the following page for the signed certification.
City of Santa Ana Date of Value: June 9, 2023
±4,025-SF Portion of APN 410-071-44 6
Certification
I certify that, to the best of my knowledge and belief:
• the statements of fact contained in this report are true and correct. • the reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions and are my personal, impartial, and unbiased professional analyses, opinions, and conclusions.
• I have no present or prospective interest in the property that is the subject of this report and no personal interest with respect to the parties involved. • I have performed no services, as an appraiser or in any other capacity, regarding the property that is the subject of this report within the 3-year period immediately preceding the agreement to perform this assignment.
• I have no bias with respect to the property that is the subject of this report or to the parties involved with this assignment.
• my engagement in this assignment was not contingent upon developing or reporting predetermined results.
• my compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in value that favors the cause of the client, the amount of the value opinion, the attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended use of this appraisal. • my analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the Uniform Standards of Professional Appraisal Practice. • I have made a personal inspection of the property that is the subject of this report. • No one provided significant real property appraisal assistance to the person signing this certification.
• the reported analyses, opinions and conclusions were developed, and this report has been prepared, in conformity with the requirements of the Code of Professional Ethics and Standards of Professional Practice of the Appraisal Institute.
• the use of this report is subject to the requirements of the Appraisal Institute relating to review by its duly authorized representatives.
• as of the date of this report, I have completed the continuing education program for Designated Members of the Appraisal Institute.
HENNESSEY & HENNESSEY LLC
by Dated: June 13, 2023
Sharon A. Hennessey, MAI, SR/WA, AI-GRS
State of California AG003323
City of Santa Ana Date of Value: June 9, 2023
±4,025-SF Portion of APN 410-071-44 7
Appendix
City of Santa Ana Date of Value: June 9, 2023
±4,025-SF Portion of APN 410-071-44 8
Assumptions and Limiting Conditions
Standards Rule (S.R.) 2-1 of the Standards of Professional Appraisal Practice of the Appraisal Institute requires the appraiser to “clearly and accurately disclose any extraordinary assumption or limiting condition that directly affects the appraisal and indicate its impact on value.” In compliance with S.R. 2-1, and to assist the reader in interpreting this report, such Assumptions and Limiting Conditions are set forth as follows:
1. This report is restricted in that it does not present discussions of the data, reasoning, and analyses that were used in the appraisal process to develop the appraiser’s opinion of value. This report cannot be thoroughly understood without this information. This information has been retained in the appraiser’s file.
2. The reader is cautioned and reminded that the conclusions presented in this appraisal report apply only as of the effective date indicated. The appraiser makes no representation as to the effect on the subject property of any unforeseen events subsequent to the effective date of the appraisal.
3. The appraiser assumes no responsibility for hidden or unapparent conditions of the property, subsoil, groundwater, or structures that render the subject property more or less valuable. No responsibility is assumed for arranging for engineering, geologic, or environmental studies that may be required to discover such hidden or unapparent conditions.
4. Hennessey & Hennessey LLC’s liability is limited to the amount of the fee. The firm and the appraiser preparing the report are not responsible for erroneous information provided by others. There is no accountability or liability to a third party.
5. The contract for appraisal, consultation, or analytical services is fulfilled and the total fee is due upon completion of the report. The appraiser or those assisting in the preparation of the report will not be asked or required to give testimony in court or hearing because of having made the appraisal in full or in part, nor will they be asked or required to engage in post-appraisal consultation with client or third parties except under separate and special arrangements made a reasonable time in advance and at an additional fee for time and expenses.
6. The client shall notify the appraiser of any error, omission, or invalid data herein within 10 days of receipt and return the report, along with all copies, to the appraiser for corrections prior to any use whatsoever.
7. Neither the appraiser’s name nor this report may be used in connection with any financing plans that would be classified as a public offering under state or federal security laws.
8. Unless otherwise stated, the subject property is appraised assuming it to be in full compliance with all applicable zoning and land use regulations and restrictions. The property is appraised assuming that all required licenses, permits, certificates, consents, or other legislative and/or administrative authority from any local, state, or national government or private entity or organization have been or can be obtained or renewed for any use on which the value estimate contained in this report is based.
9. No engineering survey has been made by the appraiser. Except as specifically stated, data relative to the size and area of the subject property was taken from information provided by the client, and no encroachment of the subject property is considered to exist.
10. In preparing this report, the appraiser was required to rely on information furnished by other individuals or found in existing records and/or documents. Unless otherwise indicated, such informa- tion is presumed to be reliable. However, no warranty, either expressed or implied, is given by the appraiser for the accuracy of such information, and the appraiser assumes no responsibility for information relied upon later found to have been inaccurate. The appraiser reserves the right to make such adjustments to the analyses, opinions, and conclusions set forth in this report as may be required by consideration of additional data or more reliable data that may become available.
City of Santa Ana Date of Value: June 9, 2023
±4,025-SF Portion of APN 410-071-44 9
11. Maps, plats, and exhibits included in this report are for illustration only to serve as an aid in visualizing matters discussed within the report. They should not be considered as surveys or relied upon for any other purpose, nor should they be removed from, reproduced, or used apart from the report.
12. The appraiser has not been provided any information regarding the presence of any material or substance on or in any portion of the subject property or improvements thereon, which material or substance possesses or may possess toxic, hazardous, and/or other harmful and/or dangerous characteristics. Unless otherwise stated in the report, the appraiser did not become aware of the presence of any such material or substance during the inspection of the subject property. However, the appraiser is not qualified to investigate or test for the presence of such materials or substances.
The presence of such materials or substances may adversely affect the value of the subject property.
The value estimated in this report is predicated on the assumption that no such material or substance is present on or in the subject property or in such proximity thereto that it would cause a loss in value.
The appraiser assumes no responsibility for the presence of any such substance or material on or in the subject property, nor for any expertise or engineering knowledge required to discover the presence of such substance or material. Unless otherwise stated, this report assumes the subject property is in compliance with all federal, state, and local environmental laws, regulations, and rules.
13. No opinion as to the title of the subject property is rendered. Data related to ownership and legal description was obtained from the County of Orange and is considered reliable. Title is assumed to be marketable and free and clear from any encumbrances, easements, and restrictions except those specifically discussed in the report. The property is appraised assuming it to be under responsible ownership and competent management, and available for its highest and best use.
14. Possession of this report, or a copy of it, does not carry with it the right of publication. This report may not be used for any purposes by any person other than the party to whom it is addressed without the written consent of the appraiser, and in any event only with properly written qualification and only in its entirety. In particular, it may not be referred to in any report or financial statement or in any documents filed with a governmental agency without prior written consent of the appraiser.
15. The Regulations and Bylaws of the Appraisal Institute require each member and/or candidate to control the use and distribution of each appraisal by such member or candidate. Therefore, except as may hereinafter be provided, the party for whom this appraisal was prepared may distribute copies of this appraisal, in its entirety, to such third parties as may be selected by the party for whom this appraisal was prepared; however, selected portions of this appraisal shall not be given to third parties without the prior written consent of the signatory of this appraisal.
16. Further, neither all nor any part of this appraisal shall be disseminated to the general public by the use of advertising media, public relations media, news media, sales media, or other media for public communication without the prior written consent of the signatory of this appraisal.
17. The appraiser assumes no responsibility for hidden defects or non-conformity with specific governmental requirements, such as fire, building and safety, earthquake, or occupancy codes, unless inspections by qualified independent professionals or governmental agencies were provided to the appraiser. Further, the appraiser is not a licensed engineer or architect and assumes no responsibility for structural deficiencies not apparent to the appraiser at the time of inspection.
City of Santa Ana Date of Value: June 9, 2023
±4,025-SF Portion of APN 410-071-44 10
Aerial Map Showing the Subject Property
Assessor’s Parcel Map Showing the Subject Property
City of Santa Ana Date of Value: June 9, 2023
±4,025-SF Portion of APN 410-071-44 11
Legal Description
City of Santa Ana Date of Value: June 9, 2023
±4,025-SF Portion of APN 410-071-44 12
Plat Map
City of Santa Ana Date of Value: June 9, 2023
±4,025-SF Portion of APN 410-071-44 13
H E N N E S S E Y & H E N N E S S E Y L L C
A California Limited Liability Company
Real Estate Appraisers
17602 17th Street, Suite 102-246 • Tustin, California 92780-7915 (714) 730-0744 • e-mail: [email protected]
Sharon A. Hennessey, MAI, SR/WA, AI-GRS
Certified General Real Estate Appraiser
MAI Designated Member of the Appraisal Institute
Joseph A. Hennessey, SR/WA (1928-2016) AI-GRS Designated Member of the Appraisal Institute Senior Member, International Right of Way Association Senior Member, International Right of Way Association Qualifications of Sharon A. Hennessey, MAI, SR/WA, AI-GRS Experience 1984 to Hennessey & Hennessey LLC, Independent Fee Appraiser - Appraise vacant land, present commercial, industrial, residential, rights of way, and special purpose properties for governmental agencies, corporations, law firms, and private parties.
License Certified General Real Estate Appraiser, State of California License No. AG 003323 Expert Witness Qualified as an expert witness in the Orange County Superior Court Professional
Affiliations
MAI Designated Member of the Appraisal Institute, Certificate No. 11108 AI-GRS Designated Member of the Appraisal Institute
Senior Member of the International Right of Way Association, Registration Number 3975 President of Chapter 67 International Right of Way Association, 1990 International Director of Chapter 67, International Right of Way Association, 1991 Membership Chairman, International Right of Way Association, 1992 and 1993 Hospitality Chairman, Southern California Chapter Appraisal Institute, 1993 and 1994, 1995, 1996, and 1997
Co-Education Chairman, Southern California Chapter Appraisal Institute, 1998, 1999, 2000, 2001 Education Bachelor of Arts - University of California, Berkeley Currently meets the education requirements of the Bureau of Real Estate Appraisers, the Appraisal Institute, and the International Right of Way Association Partial List of Continuing Education:
Appraisal Institute
USPAP - 1986, 1993, 2000, 2004, 2006, 2008,
2012, 2010, 2014, 2016, 2018, 2020
Business Practice and Ethics - 2011, 2015
Federal and California Statutory and Regulatory
Law - 2015, 2017
Review Theory - General - 2014
Complex Litigation Case Studies - 2013
Litigation Appraising: Specialized Topics and
Applications - 2013
The Appraiser as an Expert Witness - 2000, 2013
Valuation of Detrimental Conditions - 2011
Appraisal Curriculum Overview - 2010
Hotel/Motel Valuation - 1997
Highest & Best Use and Market Analysis -
1996
Advanced Applications - 1996
The Appraisers Complete Review - 1996
Advanced Income Capitalization - 1993
Report Writing and Valuation Analysis -
1989
Case Studies in Real Estate Valuation -
1988
Capitalization Theory & Techniques,
Parts A and B - 1987
Real Estate Appraisal Principles - 1985
Basic Valuation Procedures - 1985
International Right of Way Association
403 Easement Valuation - 1990, 2013
104 Standards of Practice for the Right of Way
Professional - 2012
103 Ethics and the Right of Way Profession - 1992,
2004, 2008
206 Presentation Skills - 1992
203 Communications in Real Estate Acquisition -
1991
214 Skills of Expert Testimony - 1990
101 Principles of Real Estate Acquisition -
1989
401 Appraisal of Partial Acquisitions -
1988
901 Interpreting Engineering Drawings -
1986
902 Property Descriptions - 1986
801 Land Titles - 1986
Sharon A. Hennessey Qualifications
page 2
Representative Clients - Partial Listing
Attorneys and Law Firms
Best Best & Krieger LLP
Bowie, Arneson, Kadi & Dixon
Dreyfuss, Ryan, Weifenbach
Durst & Landeros
Fullerton, Lemann, Schaefer &
Dominick
Jones & Mayer
Kindel & Anderson
Lillick, McHose & Charles
Lozano Smith
Meserve, Mumper & Hughes
Marjorie Mize Le Gaye, Esq.
Nichols, Stead, Boileau & Kostoff
Oliver, Vose, Sandifer, Murphy & Lee
Palmieri, Tyler, Wiener, Wilhelm &
Waldron
Parker & Covert
Redwine & Sherrill
Richard L. Riemer, Law Offices of
Rutan & Tucker
Sheppard, Muller, Ricter & Hampton
Wilson, Elser, Moskowitz, Edelman &
Dicker
Woodruff, Spradlin & Smart
Corporate Clients
Associated Right of Way
Services, Inc.
Brother International
California Property
Specialists Inc.
Continental Develop-
ment Corp.
Cutler & Associates
DGA Consultants
Diocese of Orange
HDR Engineering
Hoag Foundation
Hughes Aircraft Company
Kaiser Foundation Health
Plan, Inc.
Metzger & Associates, Inc.
NBS/Lowry Engineers
Overland, Pacific & Cutler,
LLC
Overland Resources
Pacific Bell (SBC)
Pacific Relocation
Consultants
Paragon Partners
Poseidon Resources
Psomas
Robert Bein, William Frost &
Associates
Rockwell International
Sisters of the Sacred Heart
Southern California Edison
Tetra Tech, Inc.
Universal Field Services
Western Industrial Properties,
Inc.
Willdan Associates
Individual Clients
Leo Beus
Carl Brandstetter
Candace Campbell
Samuel B. Corliss, Jr.
Thomas W. Cosgrove
Harbor Pine Creek
Homeowners Assoc.
John Iloulian
Genji Kawamura
Kawamura Family Trust
William E. Kibbie
Paul Kiely
Sang Moon Kim
James Kindel Jr.
Dorothy E. Lamb
Andrea Lombard
Rita M. Loosemore
Kim Vu Nguyen
Steven H. Price
Constance C. Quarré
Jean L. Roane
E.O. Rodeffer
Larry L. Root
Dwight C. Schroeder
John P. Sheffield
Yoram S. Shily
Carl Stevens
Katherine E. Thompson
Tustin Village Community
Association
Charles E. Wheeler
Erv Yoder
Public Entities
County of Orange
City of Anaheim
City of Corona
City of Costa Mesa
City of Fullerton
City of Garden Grove
City of Glendale
City of Huntington
Beach
City of Laguna Niguel
City of Lake Forest
City of Mission Viejo
City of Ontario
City of Pasadena
City of Pico Rivera
City of Pomona
City of Riverside
City of Santa Ana
City of Torrance
City of Upland
Charter Oak Unified School
District
Chino Unified School District
Corona-Norco Unified
School District
Covina-Valley Unified
School District
Cucamonga School District
Eastern Municipal Water
District
Fullerton Joint Union High
School District
Magnolia School District
Orange Unified School
District
Pajaro Valley Unified School
District
Tustin Unified School District
Walnut Valley Unified
School District
Mesa Consolidated Water
District
Murrieta County Water
District
Trabuco Canyon Water
District
California High-Speed Rail
Authority
Caltrans
Eastern Transportation
Corridor
Orange County
Transportation Authority
Riverside Transit Agency
Riverside County Flood
Control and Water
Conservation District
Riverside County
Transportation
Commission
San Bernardino County
Transportation Authority
(formerly SANBAG)