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The Citrus Clubjefferson ST ROBOTT LAND COMPANY Larry Roth, [email protected] “GOLD RESERVE” T (310) 299.7574 Ext

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The Citrus Clubjefferson ST ROBOTT LAND COMPANY Larry Roth, Larry@Robottland.Com “GOLD RESERVE” T (310) 299.7574 Ext BROKER CONTACT The THE HOFFMAN COMPANY offman Erik Christianson, CA BRE #01475105 H C (949) 910-7337, [email protected] Company The Citrus ClubJEFFERSON ST ROBOTT LAND COMPANY Larry Roth, [email protected] “GOLD RESERVE” T (310) 299.7574 ext. 102 Steve Botthof, [email protected] 3 HIGH-END FINISHED LOTS T 310.299.7574 ext. 101 RoBott Land COMPANY CITY OF LA QUINTA | COACHELLA VALLEY, CA Lic #01131793 INVESTMENT OVERVIEW BREVA MANDARINA DISCLAIMER CONFIDENTIALITY, CONDITIONS AND DISCLAIMER The information contained in this offering material (“Brochure”) is confidential, furnished solely for the purpose of a review by prospective purchaser of any portion of APN: 776-330-012, etc. in the City of La Quinta, County of Riverside, 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 The Hoffman Company (“Broker”). The material is based in part upon information supplied by AV Construction, LLC (“Seller”) and is 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 the 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 agreement 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 offered by AV Construction, LLC 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 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. The terms and conditions set forth above apply to this Brochure in its entirety. DEFINED TERMS Terms when used in this Listing Presentation and not otherwise defined shall have the following meanings: • The “Project” or “Subject Property” means Coral Mountain - 41 Finished Lots in the City of La • “CVUSD” means the Coachella Valley Unified School District which serves the Project with Quinta. public schools. • “THC” or “Broker” shall mean the The Hoffman Company. • “IWA” means the Indio Water Authority which serves the Project with water. • “CV” means the Coachella Valley area within Riverside County, CA. • “VSD” means the Valley Sanitary District which serves the Project with sewer. • “City” or “LQ” means the City of La Quinta. • “IID” means the Imperial Irrigation District which serves the Project with electricity. • “Seller” means the Seller, AV Construction, LLC • “SF” means “sq ft” or “square foot”. • “Buyer” means the to-be-determined Buyer of subject property. TABLE OF CONTENTS 1 Property Overview 4-13 2 Coachella Valley Real Estate Trends 14-17 3 Area New Home Projects 18-27 4 La Quinta Profile & Demographics 28-37 1 PROPERTY OVERVIEW PROPERTY OVERVIEW 1 Route Page 10 10 111 10 DIRECTIONS Via CA-Highway 111 heading East SUBJECT SITE • Turn right (south) on Jefferson St • Turn Right (east) on Pomelo Gated entrace on Pomelo. Via I-5 Freeway heading East 86 • Exit at Jefferson St • Turn right (south) on Jefferson St • Turn Right (east) on Pomelo Gated entrace on Pomelo. 111 \ 5 \ THE CITRUS CLUB, GOLD RESERVE | LA QUINTA 1 PROPERTY OVERVIEW Vicinity Aerial SUBJECT SITE The Hoffman RoBott Land INVESTMENT OVERVIEW \ 6 \ COMPANY Company PROPERTY OVERVIEW 1 Neighborhood Aerial SUBJECT SITE MANDARINA BREVA MANDARINA POMELO JEFFERSON ST \ 7 \ THE CITRUS CLUB, GOLD RESERVE | LA QUINTA 1 PROPERTY OVERVIEW Close Up Aerial JEFFERSON ST JEFFERSON MANDARINA POMELO MANDARINA The Hoffman RoBott Land INVESTMENT OVERVIEW \ 8 \ COMPANY Company PROPERTY OVERVIEW 1 Assessor’s Parcel Map \ 9 \ THE CITRUS CLUB, GOLD RESERVE | LA QUINTA 1 PROPERTY OVERVIEW Site Detail LA QUINTA QUICK FACTS Home Price Last 12 SUBJECT OFFERING SUMMARY Months: (Re-sale + New) 11% The Citrus Club’s “Gold Reserve” (“Property”) is a custom home lot opportunity located Number of Homes Sold: 9.6% within the prestigious and luxurious Citrus Club at the La Quinta Resort Country Club (Re-sale + New) AUG 2016 VS AUG 2015 in La Quinta, California. The Property consists of three single family detached lots Current Average Home $932,000* ranging in sizes of 10,454, 11,761, and 14,374 square feet. The lots are in “finished” Price (New): condition with no additional offsite work required. Average Household Income $93,950 Source: DataQuick, Market Watch, LLC, US Census Bureau These lots are the last custom home lots remaining within the entire The Citrus Club *Average of closest comparable new home projects. community. The Citrus Club in La Quinta is an enclave of homes built within a vast grove of mature citrus trees. The golf course designed by Pete Dye in 1987. The Property is conveniently located south of PRODUCT TYPE Highway 111, south of Avenue 50, and west of Detached What’s the Neighborhood Like? Jefferson Street. The Property can be entered off The homes you would expect to find for sale in The Citrus Club neighborhood are Jefferson Street at the gated entrance of Pomelo. OWNER OF RECORD homes ranging from 2400 square feet to 8,000 square feet available both on and off The Property is a short distance to grocery, dining, RMB Citrus, LLC the Citrus golf course. The homes are both freestanding and attached and range from banking, and retail conveniences inclusive of Ralphs, the Santa Barbara style to Contemporary with spectacular fairway and mountain CVS Pharmacy, Old Town La Quinta. Nearby schools SITE CONDITION views. Real estate opportunities in the Citrus Club include semicustom resale homes are serviced by the Desert Sands Unified School Finished Condition that were constructed from the mid 1990’s to 2012 by local developers. District. CITRUS CLUB QUICK FACTS… MUNICIPALITY SCHOOLS Home Values: $450’s to $2.4M City of La Quinta, County of Riverside Desert Sands Unified Recent HOA Dues: $250 to $450 Monthly Number of Homes: 625 ASSESSOR’S PARCEL NUMBERS LOT INFORMATION Club Status: Private 776-330-012 ; 776-330-008; 776-330-007 3 lots ranging in size of 10,454, 11,761, and 14,374 Year Opened: 1987 square feet. Course Designer: Pete Dye GROSS ACRES ±0.84 Acres Having hosted several major PGA and other nationally televised golf events, The Citrus Club at the La Quinta Resort is considered one of the most challenging courses ENTITLEMENTS in the Coachella Valley. The Citrus Club offers a recently updated clubhouse with an Tract Map #32068 expansive fitness center and indoor pool. This state of the art luxury fitness facility will be easily accessed by the future custom lot home owners as the facility is located TAX RATE within 100 yards of the Property. The current base tax rate for the subject property is 1.23309% The Hoffman RoBott Land INVESTMENT OVERVIEW \ 10 \ COMPANY Company PROPERTY OVERVIEW 1 Site Detail # OWNERSHIP SALE PRICE SOLD DATE HOUSE SF LOT SF NOTES 1 - $2,000,000.00 June 2014 7,980 30,056 This is a double lot - two (2) APNs.
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