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5. The Richard Property
The Richard Property is about .459 acres, 20,000 square
feet. The Richard Property is on level land; it fronts on
Richard Avenue; and it is about one block north and one block
west of the Lafayette Property. The Richard Property is
rectangular. The City of Santa Clara had an easement for the
purpose of ingress and egress, and the installation and
maintenance of sanitary and storm sewer mains and appurtenances.
In 1992, the Richard Property was zoned heavy industrial,
which allowed manufacturing, assembling, research, wholesale, or
storage uses. Other permitted uses included light manufacturing,
warehouses, laboratories, offices, and incidental retail sales.
All utilities were available to the Richard Property. The
frontage was improved with curbs, gutters, and streetlights.
The Richard Property was improved with a machine shop
building,11 a 300-square-foot office building, and miscellaneous
storage buildings.
The Richard Property was not subject to a lease at
decedent’s death, and did not produce any income in 1992. At
some point in 1993 the Richard Property was leased to S.B.
11 Petitioner’s expert witness report gives the area of this
building as 5,470 square feet at one point and 5,440 square feet
at three other points. Respondent’s expert witness report gives
the area of this building as 4,940 square feet. Neither side
favors us with commentary on this 10-percent discrepancy in
building size.
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