Ashworth Estates ±8.21 Acres Zoned Single-Family Residential (up to 6.2du/ac) City of San Ramon, Contra Costa County, CA
Alcosta Blvd
Westside Dr SITE
San Ramon Valley Blvd
680
N
offerinG MeMorandUM
Cameron Fowler, CA DRE #01851622
THE HOFFMAN COMPANY The 555 Ygnacio Valley Road, Suite 106 Hoffman Walnut Creek, CA 94596 Company T 925.478.8429 Land Brokers CA Corporate DRE Lic #01473762 Realty Advisors www.hoffmanland.com
Disclaimer: e information contained herein and attached is information provided from sources deemed reliable. We, however, do not guarantee any of the information and must disclaim for obvious legal reasons. All information should be independently verified. The Hoffman Company
Land Brokers Realty Advisors
Table of Contents
1 Property Overview 3
2 Aerials & Maps 6
3 Property Photos 14
4 Westside Specific Plan Information 17
5 Market Data 29 Property Overview 1
Site Detail
Ashworth Estates 8.21 Acres Zoned Single-Family Residential (up to 6.2du/ac)
Location The property is located at 20815 San Ramon Valley Boulevard, San Ramon CA, 94583.
Access Exit Interstate 680 at Alcosta Boulevard and travel north on San Ramon Valley Boulevard approximately 0.5 miles. The site is located on the west side of San Ramon Valley Boulevard. In addition to the 8.21 acres being offered in this offering memorandum, the City of San Ramon owns a +/- 0.56 acre parcel along Westside Drive. The City of San Ramon has indicated a willingness to make the parcel between the subject property and Westside Drive available, as it is a remnant that the City does not have use for and does not want to maintain.
APN 211-040-028-6
Municipality City of San Ramon
Size Approximately 8.21 acres.
Existing Residences The top portion of the property (closest to Westside Drive) is currently occupied by two residential homes to be included in the sale of the property. The locations of the residences are identified in the aerials & maps section of the marketing package. In addition to the two homes, there are three large oak trees that the City of San Ramon indicated would probably need to be preserved and will need to be evaluated by an arborist. Further details of the preservation are to be determined during potential buyers review of the property.
Cell Towers The sellers will retain the cell towers that currently occupy the northwest portion of the property. There is a requirement for vehicular access to the cell sites. All prospective buyers need to plan the site based upon the seller retaining this portion of the property.
West Side Specific Plan Ashworth Estates is located within the West Side Specific Plan that was adopted in October of 1989. The West Side Specific Plan is broken into three sub-areas of which the Ashworth Property is located within the San Ramon Valley Boulevard Area. Excerpts from the West Side Specific Plan can be found on the end of Pg. 20, and a full copy of the plan can be downloaded from the City of San Ramon’s website.
The Hoffman Ashworth Estates 3 Company Property Overview 1
Site Detail
Zoning The subject property per the West Side Specific Plan is zoned Single-Family Residential that allows for up to 6.2du/net acre. The West Side Specific Plan calls for a minimum 7,000 square foot lot size.
A minimum 20-foot setback with a 30-foot average width is provided along the west side of San Ramon Valley Boulevard, in order to accommodate noise mitigations that does not rely on sound wall and steep berms. (Pg. 17 West Side Dublin Specific Plan)
Opportunity Ashworth Estates offers a prospective buyer the rare opportunity to build homes in an extremely supply constrained market; Ashworth Estates represents one of the last new home development opportunities within the West Side Specific Plan. The property offers breath- taking views of the surrounding Amador Valley while also offering great access to Bishop Ranch, and I-680. Bishop Ranch employing over 35,000 employees is located a mere 2.5 miles from the subject property. Bishop Ranch is home to Chevron’s World Headquarters as well as more than two dozen Fortune 500 companies and is viewed as the economic driver of the East Bay. Additional demographic information can be found on page 32.
School Information San Ramon Valley Unified School District (SRVUSD)
Neil Armstrong Elementary 2849 Calais Drive, San Ramon, CA 94583 2011 API Score: 940 Great Schools Rating: 10
Pine Valley Middle School 13000 Broadmoor Drive, San Ramon, CA 94583 2011 API Score: 916 Great Schools Rating: 10
California High School 9870 Broadmoor Drive, San Ramon, CA 94583 2011 API Score: 888 Great Schools Rating: 10
The Hoffman Ashworth Estates 4 Company Property Overview 1
Site Detail
Civil Engineer Wood Rodgers 180 Grand Avenue Suite 400, Oakland, CA 94612 Contact: Steve Lichliter Direct: (510) 208-2404 Email: [email protected]
City of San Ramon Planner Cindy M. Yee 2401 Crow Canyon Road, San Ramon, CA 94583 Direct: (925) 973-2562 Email: [email protected]
Utilities Gas & Electric Pacific Gas & Electric Phone: (800) 743-5000 Sewer Central Contra Costa Sanitary District Phone: (925) 228-9500 Water East Bay Municipal Utility District (EBMUD) Phone: (866) 403-2683
Asking Price Buyer to submit.
Term Buyer is to submit based upon a close at Tentative Map Approval.
Bid Date Thursday February 7th, 2013
Broker Contact THE HOFFMAN COMPANY Cameron Fowler Direct: 925.478.8429 Cell: 707.479.3296 [email protected] CA DRE #01851622
Northern California Office 555 Ygnacio Valley Road, Suite 106 Walnut Creek, CA 94596 T 925.478.8429 CA Corporate DRE Lic #01473762 www.hoffmanland.com
The Hoffman Ashworth Estates 5 Company aerials & MaPs 2
Regional Location
SUBJECT SITE
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The Hoffman 6 Company Ashworth Estates aerials & MaPs 2
Vicinity Aerial
SITE
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The Hoffman 7 Company Ashworth Estates aerials & MaPs 2
Neighborhood Aerial
California H.S.
Neil Armstrong E.S.
680 Pine Valley M.S.
San Ramon Valley Blvd
SITE
Westside Dr AlcostaVillage Blvd Pkwy
The Hoffman 8 Company Ashworth Estates aerials & MaPs 2
Close Up Aerial
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The Hoffman 9 Company Ashworth Estates
188 feet
© 2012 Digital Map Products. All rights reserved. 1 Aerials & Maps 2
Site Plan for 21 Lots
E. U. P. d & oa R ss ce Ac er ow ll T Ce
UPPER AREA LAYOUT ASHWORTH PROPERTY CONSIDERATIONS - City Parcel CONCEPTUAL SITE PLAN 6 - Fault Line CITY OF SAN RAMON, CA DECEMBER, 2012 - Trees PRELIMINARY - Biological
Property Boundary Parcels NORTH 0 25 50 100 Existing Structure (Approximate) Feet Proposed Lot Line USGS 5ft Contours YIELD 21 Lots NOTES 65' x 110' Typical
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The Hoffman 10 Company Ashworth Estates Aerials & Maps 2
Site Plan for 21 Lots & 2 Potential Custom Homes
E. U. P. d & oa R ss ce Ac er ow ll T Ce
UPPER AREA LAYOUT ASHWORTH PROPERTY CONSIDERATIONS - City Parcel CONCEPTUAL SITE PLAN 8 - Fault Line CITY OF SAN RAMON, CA DECEMBER, 2012 - Trees PRELIMINARY - Biological
Property Boundary Parcels NORTH 0 25 50 100 Existing Structure (Approximate) Feet Proposed Lot Line YIELD USGS 5ft Contours - 21 Production Lots 65' x 110' Typical NOTES - 2 Potential Custom Home Lots
J:\Marketing\12 Proposals\01010 - Ashworth Property San Ramon\GIS\Tasks\SanRamon_AshworthProperty_Study5_20120313.mxd 3/14/2012 2:50:27 PM skumar
The Hoffman 11 Company Ashworth Estates Aerials & Maps 2
Slope Analysis 1
The Hoffman 12 Company Ashworth Estates Aerials & Maps 2
Slope Analysis 2
The Hoffman 13 Company Ashworth Estates Property PHotos 3
Property Photos
The Hoffman Ashworth Estates 14 Company Property PHotos 3
Property Photos
The Hoffman Ashworth Estates 15 Company Property PHotos 3
Property Photos
The Hoffman Ashworth Estates 16 Company West side Specific Plan Information 4
West Side Specific Planning Area
The Hoffman 17 Company Ashworth Estates West side Specific Plan Information 4
West Side Specific Plan Design Standards
The Hoffman 18 Company Ashworth Estates West side Specific Plan Information 4
West Side Specific Plan Design Standards
The Hoffman 19 Company Ashworth Estates West side Specific Plan Information 4
West Side Specific Plan Design Standards
The Hoffman 20 Company Ashworth Estates West side Specific Plan Information 4
West Side Specific Plan Design Standards
The Hoffman 21 Company Ashworth Estates West side Specific Plan Information 4
West Side Specific Plan Design Standards
The Hoffman 22 Company Ashworth Estates West side Specific Plan Information 4
West Side Specific Plan Design Standards
The Hoffman 23 Company Ashworth Estates West side Specific Plan Information 4
West Side Specific Plan Design Standards
The Hoffman 24 Company Ashworth Estates West side Specific Plan Information 4
West Side Specific Plan Design Standards
The Hoffman 25 Company Ashworth Estates West side Specific Plan Information 4
West Side Specific Plan Design Standards
The Hoffman 26 Company Ashworth Estates West side Specific Plan Information 4
West Side Specific Plan Design Standards
The Hoffman 27 Company Ashworth Estates West side Specific Plan Information 4
West Side Specific Plan Design Standards
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New Home Market
Th e average detached new homes sales price in San Ramon is $968,348 with an average square foot- Th e following resale data is based upon post 2000 construction and 2,700-4,000 square feet. As age of 3,070 or what equates to $304 a square foot. If you are to exclude Toll Brothers Norris Canyon you will see based upon this search criteria the average resale price over the past three months is Estates (Average $1,550,000) the average new home sales price equates to $871,383 with an average $997,869, which equates to $292.84 per square foot. square footage of 2,762 or what equates to $305 a square foot.
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4 6 5
8 7
2 1
SITE 6 5
4 3 2 13 14 15 12 16 7 17 10 11 9 1 8
Numbers correspond to location map on the following page. The Hoffman 29 Company Ashworth Estates Market Data 5
New Home Information
10 9 27 23 20 17 24 NA $304.31 130
41 31 24 64 39 15 15 29 18 58 32 35 51 34 37 30 617
Numbers correspond to location map on the previous page.
The Hoffman 30 Company Ashworth Estates Market Data 5
Comparable Resales
ADDRESS CITY BEDS BATHS LOCATION SQFT LOT SIZE YEAR BUILT LAST SALE DATE LAST SALE PRICE $Sq.Ft. LISTING ID IS SHORT SALE 4 Circle Ranch Pl San Ramon 5 4.5 San Ramon Hgts 3,970 17,018 2000 9/7/2012 $1,388,000 $349.62 40584781 FALSE 564 Roubaud San Ramon 4 3 Windemere 3,147 6,090 2003 9/11/2012 $800,000 $254.21 40569635 TRUE 508 WELLS Ct San Ramon 6 4.5 Windemere 3,953 8,391 2007 9/19/2012 $1,060,000 $268.15 40581023 FALSE 2555 HARLOW Ln San Ramon 5 4.5 Windemere 2,966 4,164 2005 9/19/2012 $864,000 $291.30 40580601 FALSE 3377 Sleeping Meadow Way San Ramon 5 4 Windemere 3,905 5,500 2009 9/19/2012 $1,040,000 $266.33 40584569 FALSE 2601 Paige Way San Ramon 5 4.5 Windemere 3,686 7,456 2008 9/20/2012 $1,025,000 $278.08 40585355 FALSE 2687 PAIGE Way San Ramon 5 4.5 Windemere 3,686 10,227 2007 9/21/2012 $1,000,000 $271.30 40583312 FALSE 9364 MEDIAR Dr San Ramon 5 3 Bridges 3,171 6,870 2000 9/25/2012 $1,201,000 $378.74 40584791 FALSE 150 TERRAZZO Cir San Ramon 4 3.5 Terraza 3,385 7,057 2002 9/27/2012 $865,000 $255.54 40562747 FALSE 2625 PAIGE Way San Ramon 5 4.5 Windemere 3,686 6,894 2008 9/28/2012 $1,050,000 $284.86 40585632 FALSE 2437 BASSWOOD Dr San Ramon 5 4 Villa Paseo 2,801 6,292 2005 10/2/2012 $822,000 $293.47 40579143 FALSE 2927 SILVA Way San Ramon 5 4.5 Windemere 3,543 5,668 2005 10/2/2012 $855,000 $241.32 40574881 FALSE 27 DIAMOND RANCH Ct San Ramon 4 3 Henry Ranch 3,002 14,400 2002 10/10/2012 $1,200,000 $399.73 40588116 FALSE 2132 MORNINGTON Ln San Ramon 5 3 Windemere 3,231 5,794 2005 10/26/2012 $880,000 $272.36 40574332 TRUE 6830 Emerson Ln San Ramon 4 3 Windemere 3,064 5,600 2008 11/7/2012 $885,100 $288.87 40586023 FALSE 4167 LILAC RIDGE Rd San Ramon 4 2.5 Bridges 2,740 8,999 2000 11/9/2012 $1,100,000 $401.46 40592398 FALSE 2235 Bayleaf Dr San Ramon 4 3.5 Gale Ranch 3,814 7,023 2012 11/9/2012 $1,057,160 $277.18 40584637 FALSE 5416 SHERWOOD Way San Ramon 5 3 Windemere 4,000 8,522 2005 11/20/2012 $981,000 $245.25 40588133 TRUE 3591 SLEEPING MEADOW Way San Ramon 5 4.5 Windemere 3,541 6,031 2007 11/21/2012 $989,000 $279.30 40593159 FALSE 118 RODRIGUEZ Ct San Ramon 4 4 Windemere 3,810 15,071 2005 11/26/2012 $1,120,000 $293.96 40592353 FALSE 305 KAMI Ct (Unable to map) San Ramon 6 4.5 Windemere 3,984 7,917 2010 12/3/2012 $1,060,000 $266.06 40591560 FALSE 3557 SANDALFORD Way San Ramon 4 3 Windemere 2,962 4,955 2004 12/8/2012 $810,000 $273.46 40589208 TRUE 1153 S CHANTERELLA Dr San Ramon 5 3 Bridges 2,950 7,446 2001 12/11/2012 $898,740 $304.66 40589039 TRUE Average Average Average *Red is located within West Side Specific Plan 3,435 $997,869.57 $292.84
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Demographics
Area: 18.42 sq/miles Housing Total Population: 73,109 Number of Dwelling Units: 26,222 Average Household Size: 2.85 - Owner Occupied: 18,056 Median Age: 37 - Renter Occupied: 7,228 Median Household Income: $133,727 Median House Price: $733,400 Median Rental Rate: $1,669
Major Employers
3,521 Employees 2,100 Employees 1,750 Employees 1,052 Employees
750 Employees 372 Employees 358 Employees 968 Employees 793 Employees
San Ramon is one of the major business centers in the Bay Area, Including Bishop Ranch, one of the largest business parks on the west coast. Bishop Ranch is home to over 550 companies including 26 Fortune 500 companies, and 14 Fortune 100 companies, employing over 35,000 people.
The Hoffman 32 Company Ashworth Estates