When relevant to the determination of the value of property, a witness may take into account as a basis for his opinion the nature of the improvements on properties in the general vicinity of the property or property interest being valued and the character of the existing uses being made of such properties.
Cal. Evid. Code § 821
Evidence of Market Value of Property
Applied in 1 court decision — leading case 61 Cal. App. 3d 944 - South Bay Irrigation District v. California-American Water Co. (1976)
Most recently applied in 61 Cal. App. 3d 944 - South Bay Irrigation District v. California-American Water Co. (September 1976)
Added by Stats. 1965, Ch. 1151.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.