When relevant to the determination of the value of property, a witness may take into account as a basis for his opinion the value of the property or property interest being valued as indicated by the value of the land together with the cost of replacing or reproducing the existing improvements thereon, if the improvements enhance the value of the property or property interest for its highest and best use, less whatever depreciation or obsolescence the improvements have suffered.
Cal. Evid. Code § 820
Evidence of Market Value of Property
Applied in 8 court decisions — leading case 4 Cal. 3d 478 - Merced Irrigation District v. Woolstenhulme (1971)
Most recently applied in 228 Cal. App. 4th 1280 - San Diego Gas & Elec. Co. v. Schmidt CA4/1 (July 2014)
Added by Stats. 1965, Ch. 1151.
How often courts cite this section
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.