7 single family
residential lots EAST AVE ETIWANDA RANCHO CUCAMONGA, SAN BERNARDINO COUNTY, CA WILSON AVE
SUBJECT SITE ETIWANDA AVE BLUEGRASS AVE
BANYAN ST
VINTAGE DR 210 HIGHLAND AVE DAY CREEK BLVD
OFFERING MEMORANDUM
Southern California Office Broker Contact The 18881 Von Karman Avenue, Suite 150 Tom Dallape, CA BRE #01100284 Hoffman Irvine, California 92612 T 949.705.0928 | [email protected] Company T 949.553.2020 | F 949.553.8449 Sarah Bockhorst, CA BRE #01910373 www.hoffmanland.com Leading the Land Brokerage Industry T 949.705.0911 | [email protected] CALIFORNIA + NEVADA CA BRE #01473762 Disclaimer
The information contained in this offering material (“Brochure”) is furnished solely for the purpose of a review by prospective purchaser of any portion of the subject property in the City of Etiwanda, County of Rancho Cucamonga, California (“Property”) and is not to be used for any other purpose or made available to any other person without the express written consent of Scheel Dallape Inc. d/b/a The Hoffman Company (“The Hoffman Company”). The material is based in part upon information obtained by The Hoffman Company from sources it deems reasonably reliable. Summaries of any documents are not intended to be comprehensive or all inclusive but rather only an outline of some of the provisions contained therein. No warranty or representation, expressed or implied, is made by Seller, The Hoffman Company, or any of their respective affiliates, as to the accuracy or completeness of the information contained herein or as to engineering or environmental matters. Prospective purchasers should make their own projections and conclusions without reliance upon the materials contained herein and conduct their own independent due diligence, including engineering and environmental inspections, to determine the condition of the Property and the existence of any potentially hazardous material located at the site.
This Brochure was prepared by The Hoffman Company. It contains select information pertaining to the Property and does not purport to be all-inclusive or to contain all of the information that a prospective purchaser may desire. All assumptions are provided for general reference purposes only and are based on assumptions relating to the general economy, competition and other factors beyond control and, therefore, are subject to material change or variation.
In this Brochure, certain documents and other materials are described in summary form. The summaries do not purport to be complete nor, necessarily, accurate descriptions of the full agreements involved, nor do they constitute a legal analysis of such documents. Interested parties are expected to independently review all documents.
This Brochure is subject to prior placement, errors, omissions, changes or withdrawal without notice and does not constitute a recommendation, endorsement or advice as to the value of the Property by The Hoffman Company or the Seller. Each prospective purchaser is to rely upon its own investigation, evaluation and judgment as to the advisability of purchasing the Property described herein.
Seller and The Hoffman Company expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers to purchase the property and/or to terminate discussions with any party at any time with or without notice. Seller shall have no legal commitment or obligation to any purchaser reviewing this Brochure or making an offer to purchase the Property unless a written agreement for the purchase of the Property has been fully executed, delivered and approved by the Seller and any conditions to Seller’s obligations there under have been satisfied or waived. The Hoffman Company is not authorized to make any representations or agreements on behalf of Seller.
This Brochure is the Property of The Hoffman Company and may be used only by parties approved by The Hoffman Company. The Property is privately offered and, by accepting this Brochure, the party in possession hereof agrees (i) to return it to The Hoffman Company immediately upon request of The Hoffman Company or Seller and (ii) that this Brochure and its contents are of a confidential nature and will be held and treated in the strictest confidence. No portion of this Brochure may be copied or otherwise reproduced or disclosed to anyone without the prior written authorization of The Hoffman Company and Seller.
Please be advised, Buyer acknowledges that The Hoffman Company Organization, may (1) act as an agent for more than one prospective Buyer on the subject property and/or (2) act as the agent for both the Buyer and Seller on the subject property. Any prospective Buyer requesting The Hoffman Company to submit an offer on its behalf acknowledges the foregoing disclosures and agrees to the described agency relationships with other prospective Buyers.
POSSIBLE REPRESENTATION OF MORE THAN ONE BUYER OR SELLER - DISCLOSURE AND CONSENT (C.A.R. Form PRBS, 11/14)
A real estate broker (Broker), whether a corporation, partnership or sole proprietorship, may represent more than one buyer or seller. This multiple representation can occur through an individual licensed as a broker or salesperson or through different individual broker’s or salespersons (associate licensees) acting under the Broker’s license. The associate licensees may be working out of the same or different office locations.
Multiple Buyers: Broker (individually or through its associate licensees) may be working with many prospective buyers at the same time. These prospective buyers may have an interest in, and make offers on, the same properties. Some of these properties may be listed with Broker and some may not. Broker will not limit or restrict any particular buyer from making an offer on any particular property whether or not Broker represents other buyers interested in the same property.
Multiple Sellers: Broker (individually or through its associate licensees) may have listings on many properties at the same time. As a result, Broker will attempt to find buyers for each of those listed properties. Some listed properties may appeal to the same prospective buyers. Some properties may attract more prospective buyers than others. Some of these prospective buyers may be represented by Broker and some may not. Broker will market all listed properties to all prospective buyers whether or not Broker has another or other listed properties that may appeal to the same prospective buyers.
Dual Agency: If Seller is represented by Broker, Seller acknowledges that broker may represent prospective buyers of Seller’s property and consents to Broker acting as a dual agent for both seller and buyer in that transaction. If Buyer is represented by Broker, buyer acknowledges that Broker may represent sellers of property that Buyer is interested in acquiring and consents to Broker acting as a dual agent for both buyer and seller with regard to that property.
In the event of dual agency, seller and buyer agree that: (a) Broker, without the prior written consent of the Buyer, will not disclose to seller that the Buyer is willing to pay a price greater than the offered price; (b) Broker, without the prior written consent of the seller, will not disclose to the buyer that seller is willing to sell property at a price less than the listing price; and (c) other than as set forth in (a) and (b) above, a dual agent is obligated to disclose known facts materially affecting the value or desirability of the property to both parties.
Offers not necessarily confidential: Buyer is advised that seller or listing agent may disclose the existence, terms, or conditions of buyer’s offer unless all parties and their agent have signed a written confidentiality agreement. Whether any such information is actually disclosed depends on many factors, such as current market conditions, the prevailing practice in the real estate community, the listing agent’s marketing strategy and the instructions of the seller.
Buyer and seller understand that Broker may represent more than one buyer or more than one seller and even both buyer and seller on the same transaction and consents to such relationships.
The terms and conditions set forth above apply to this Brochure in its entirety. Table of Contents
1 Property Overview 4 2 Aerials, Maps & Photos 5-11 3 Area Overview 12-14 4 Market Overview 15-16 Property Overview 1 Site Detail
PROPERTY SUMMARY UTILITIES The project consists of an approved tentative tract map for 7 Single Family Water & Sewer: Cucamonga Valley Water & Sewer District (909) 944-6000 Residential Lots on minimum 22,000 sq ft lots. The site is located in the Electricity: Southern California Edison (800) 655-4555 continually growing City of Rancho Cucamonga in one of the top rated school Gas: Southern California Gas Company (800) 427-2200 districts. CITY PLANNING ADDRESS Candyce Burnett | (909) 477-2750 12765 Summit Avenue, Etiwanda, CA 91739 SCHOOLS ASSESSOR’S PARCEL NUMBER Etiwanda School District 0225-171-04 (K-5) John L. Golden Elementary School 12400 Banyan Street, Etiwanda, CA 92739 JURISDICTION Great Schools Rating: 9/10 City of Rancho Cucamonga (6-8) Day Creek Intermediate School ZONING DESIGNATION 12345 Coyote Drive, Etiwanda, CA 91739 Etiwanda Specific Plan (SP-E) | VL: Very Low 1-2 Dwelling Units per acre Great Schools Rating: 10/10
TOPOGRAPHY (9-12) Los Osos High School Flat 6001 Miliken Avenue, Rancho Cucamonga, CA 91737 Great Schools Rating: 9/10 ENTITLEMENTS Approved Tentative Tract Map for 7 Single Family Residential Lots (Tract No. 18210)
LOT SIZES 22,085 - 32,826 sq ft.
ENGINEER Andreasen Engineering, Inc. - Final Engineering available.
The OFFERING MEMORANDUM \ 4 \ 7 LOTS | ETIWANDA Hoffman Company Aerials, Maps & Photos 2 Close Up Aerial
BANYAN ST
SHASTA DR GREENWOOD PL GREENWOOD GOLDEN TRAILS AVE PL BLOSSOM LAUREL AVE ETIWANDA
WINDSTAR DR BLUE GUM DR
The OFFERING MEMORANDUM \ 5 \ 7 LOTS | ETIWANDA Hoffman Company Aerials, Maps & Photos 2 Lot Designation
BANYAN ST
Lot Size Lot Size 1
2 1 25,829 SF 5 22,499 SF ASPEN MEADOWS CT
3 2 25,816 SF 6 22,085 SF
4 3 24,824 SF 7 32,826 SF
5 4 24,620 SF 6
STILL CREEK CT 7 LAUREK BLOSSOM PL BLOSSOM LAUREK AVE ETIWANDA
The OFFERING MEMORANDUM \ 6 \ 7 LOTS | ETIWANDA Hoffman Company Aerials, Maps & Photos 2 Vicinity Aerial Showing Nearby Retail
WILSON AVE
SUBJECT SITE
210 KENYON PARK ETIWANDA AVE ETIWANDA MILIKEN AVE MILIKEN CREEK BLVD DAY
BASELINE AVE 15 MOUNTAIN SPRUCE VIEW AVENUE PARK CHURCH ST PARK
FOOTHILL BLVD
LOANMART FIELD ARROW HWY
The OFFERING MEMORANDUM \ 7 \ 7 LOTS | ETIWANDA Hoffman Company Aerials, Maps & Photos 2 TentativeTract Map
The OFFERING MEMORANDUM \ 8 \ 7 LOTS | ETIWANDA Hoffman Company Aerials, Maps & Photos 2 Grading Plan
The OFFERING MEMORANDUM \ 9 \ 7 LOTS | ETIWANDA Hoffman Company Aerials, Maps & Photos 2 Assessor’s Parcel Map
The OFFERING MEMORANDUM \ 10 \ 7 LOTS | ETIWANDA Hoffman Company Aerials, Maps & Photos 2 Property Photos
Street View from Banyan Street Street View from Banyan Street
Street View from Banyan Street Street View from Banyan Street
The OFFERING MEMORANDUM \ 11 \ 7 LOTS | ETIWANDA Hoffman Company Area Overview 3 Rancho Cucamonga Info & Demographics
POPULATION (2016) CITY MOTTO RANCHO CUCAMONGA Total Population 176,624 No. of Households 56,735 State California “A World Class Median Household Income $77,981 County San Bernardino Homeownership Rate 64.1% CaliforniaMayor L. Dennis Michael Community” Median Age 36.0 Source: Zonda Incorporated November 30,1977 Website www.cityofrc.us WEATHER RANCHO January Average High 70º, Low 47º CUCAMONGA July Average High 83º, Low 63º Precipitation High Feb 3.5”, Low Jul 0.0”
Source: wikipedia.org Source: wikipedia.org and weather.com OLD COUNTY COURTHOUSE
TOTAL POPULATION MAJOR EMPLOYERS Historical Annual Growth 1.0% According to the City’s 2011 Comprehensive Annual Financial Report, the top employers in the city are: 176,624 Forecasted Annual Growth 1.1% 1 Etiwanda School District 1,312 2 Chaffey College 1,300 3 Amphastar Pharmaceuticals 999 4 City of Rancho Cucamonga 880 5 Alta Loma School District 783 6 Macy’s 750 7 Central School District 680 8 West Valley Dentention Center 668 9 Big Lots 521 10 Mercury Insurance Company 509
Source: Zonda; US Census; Nielsen; Meyers Research LLC Source: wikipedia.org
The OFFERING MEMORANDUM \ 12 \ 7 LOTS | ETIWANDA Hoffman Company Area Overview 3 Rancho Cucamonga Overview
Crowned by the majestic San Gabriel Mountains, the City’s planned communities and award-winning architecture reflect on a community proud of its past and excited by its future. With over 20 parks and community facilities, and having highly rated schools, Rancho Cucamonga has much to offer its residents. Businesses too are finding Rancho Cucamonga is a great place to call their home.
Source: https://en.wikipedia.org/wiki/Rancho_Cucamonga,_California
EMPIRE LAKES CHAFFEY COLLEGE VICTORIA GARDENS AUTO CLUB SPEEDWAY GOLF COURSE The college district serves the population Victoria Gardens is a pedestrian-oriented, The Auto Club Speedway (formerly California A Legend, Prestigious, a Symbol of Excellence of the vibrant inland empire of western San open-air, mixed-use town center in Rancho Speedway) is located just five minutes from in Golf. Put those words together and you get Bernardino County. Chaffey College improves Cucamonga, California. Located North of Rancho Cucamonga. You can enjoy exciting the award-winning Arnold Palmer-designed lives within the diverse communities it serves Foothill Boulevard between Day Creek NASCAR races or attend various other events Empire Lakes Golf Course. Located 30 minutes through equal access to quality occupational, Boulevard and Etiwanda Avenue by the that are scheduled throughout the year. Racing north of Orange County and east of Los transfer, general education, and foundation Interstate 15 freeway, the 147-acre project at Auto Club Speedway is a full day of fun and Angeles County, this par 72 Championship programs in a learning-centered environment consists of residential areas, office space, retail entertainment. layout brings tradition and an extraordinary where student success is highly valued, stores, public plazas, a movie theater, and a www.autoclubspeedway.com experience to the game of golf. supported, and assessed. civic cultural arts center. www.empirelakes.com www.chaffey.edu www.victoriagardensie.com
The OFFERING MEMORANDUM \ 13 \ 7 LOTS | ETIWANDA Hoffman Company Area Overview 3 Area Schools Exhibit
John L. Golden Great Schools 1 ELEMENTARY SCHOOL | K-5 Rating 12400 Banyan Street 9 Etiwanda, CA out of 10 Tel: (909) 463-9105
ETIWANDA UNIFIED SCHOOL DISTRICT SECOND MIDDLE
Day Creek Great Schools 2 2 MIDDLE SCHOOL | 6-8 Rating 12345 Coyote Drive WILSON AVE 10 THIRD Etiwanda, CA out of 10 HIGH FIRST Tel: (909) 803-3300 ELEMENTARY ETIWANDA UNIFIED SCHOOL DISTRICT 3 SUBJECT SITE BANYAN ST 1 Los Osos Great Schools 3 HIGH SCHOOL | 9-12 Rating 6001 Miliken Avenue MILIKEN AVE DAY CREEK BLVD DAY 9 210 Rancho Cucamonga, CA out of 10 Tel: (909) 477-6900 RANCHO CUCAMONGA UNIFIED SCHOOL DISTRICT
The OFFERING MEMORANDUM \ 14 \ 7 LOTS | ETIWANDA Hoffman Company Market Overview 4 New Home Projects | Rancho Cucamonga
AVERAGE LOT PRICE TOTAL SALES SINCE AVERAGE SALES MAP NO. PROJECT BUILDER SIZE RANGE LOTS OPENING RATE OPENING DATE ACTIVE PROJECT 1 La Ventana KB Home 23,409 sq ft $785,990 - $909,880 71 44 1.5 11/22/2014 ACTIVE PROJECT 2 Bella Vista Estates Griffin Residential 21,780 sq ft $1,028,015 - $1,087,120 11 3 0.63 11/30/2016 ACTIVE PROJECT 3 Mueller’s Grove GFR Homes 15,000 sq ft $875,900 - $912,900 10 3 2.58 4/17/2017 SOLD OUT 4 Toscana GFR Homes 21,780 sq ft $849,900 - $879,900 7 7 0.50 1/23/2017
TOSCANA 2 BELLA VISTA ESTATES
BANYAN ST
SUBJECT SITE MUELLER’S GROVE
4 1 LA VENTANA
210
3 EAST AVE
ETIWANDA AVE ETIWANDA 15
The OFFERING MEMORANDUM \ 15 \ 7 LOTS | ETIWANDA Hoffman Company Market Overview 4 New Home Projects Price-to-Size Graph
The OFFERING MEMORANDUM \ 16 \ 7 LOTS | ETIWANDA Hoffman Company THE HOFFMAN COMPANY www.hoffmanland.com
TheDisclaimer: The informationSouthern California contained Office herein is providedCoachella from Valley sources Office deemed reliable.Northern The HoffmanCalifornia CompanyOffice does not guaranteeNevada Office the accuracy Hoffmanof any of the information18881 Von Karmanherein. Avenue, All information Suite 150 should777 E Tahquitz be independently Way, Suite 200 verified. 2121 North California Blvd., Suite 290 9205 W Russell Rd, Suite 235 Company Irvine, California 92612 Palm Springs, California 92262 Walnut Creek, California 94596 Las Vegas, Nevada 89148 T 949.553.2020 | F 949.553.8449 T 760.969.7357 | F 949.553.8449 T 925.478.8429 F 949.553.8449 T 702.793.4370 Leading the Land Brokerage Industry CALIFORNIA + NEVADA