El Nido Ave | 32 Conceptual LotsCity of Perris, Riverside County, CA
Disclaimer: The information contained herein is provided from sources deemed reliable. The Hoffman Company does not guarantee the accuracy of any of the information herein. All information should be independently verified.
Justin Esayian, CA DRE #01513596David McSwain, CA DRE #01741387
THE HOFFMAN COMPANYSouthern California Office18881 Von Karman Avenue, Suite 150, Irvine, CA 92612T 949.553.2020 | F 949.553.8449CA DRE #01473762www.hoffmanland.com
O F F E R I N G M E M O R A N D U M
The
Hoffman
Company
35years leading the land brokerage industryC A L I F O R N I A + N E V A D A
WALNUT ST
PLACENTIA AVE
EL N
IDO
AVE
EVAN
S R
DO
LD E
VAN
S R
D
EUR
EKA
AVE
T A B L E O F C O N T E N T S
Property Overview
Aerials & Maps
Property Photos
Market Overview
1
2
3
4
3
4
8
9
N
WALNUT ST
PLACENTIA AVE
EL NIDO AVE
EUREKA AVENUE
The
Hoffman
Company
3E l N i d o 3 2 L o t s | P e r r i s
1P R O P E R T Y O V E R V I E W
Site Detail Offering Guidelines
Location
The site is located on the Southeast corner of El Nido Ave. and Walnut St. in the city of Perris, CA
Entitlements
None. A lotting study has been completed showing 32 half acre lots.
Municipality
City of Perris
APN’s Acres
300-020-007 4.85
300-020-008 9.1
300-020-025 7.92
300-020-026 1.04
300-020-027 4.4
Total Acres 27.31
Lot Count
32 (conceptual lots)
Lot Sizes
½ acre minimum
Schools
Val Verde Unified School District (951) 940-6110
Sierra Vista Elementary API Score: 817
Lakeside Middle API Score: 807
Rancho Verde High API Score: 786
Broker Contact
Justin Esayian David McSwain
T 949.705.0921 T 949.705.0918
[email protected] [email protected]
CA DRE #01513596 CA DRE #01741387
THE HOFFMAN COMPANY
Southern California Office
18881 Von Karman Ave., Suite 150, Irvine, CA 92612
T 949.553.2020 • F 949.553.8449
CA Corporate DRE Lic #01473762
www.hoffmanland.com
Seller:
Price:
Deposit:
Terms:
Due Diligence Period:
Close of Escrow:
Cal Walnut Street Real Estate, LLC
Submit
10% of purchase price. Deposit to be non-refundable after Due Diligence
Cash at close of Escrow
30 days from execution of a PSA
15 days after approval of feasibility
The
Hoffman
Company
4E l N i d o 3 2 L o t s | P e r r i s
2A E R I A L S & M A P S
Vicinity Aerial
N
Lake Perris
SITE15
The
Hoffman
Company
5E l N i d o 3 2 L o t s | P e r r i s
2A E R I A L S & M A P S
Close Up Aerial
N
The
Hoffman
Company
6E l N i d o 3 2 L o t s | P e r r i s
2A E R I A L S & M A P S
Lotting Study
The
Hoffman
Company
7E l N i d o 3 2 L o t s | P e r r i s
2A E R I A L S & M A P S
Area Attractions Map: Southwest Riverside CountyPOINTS OF INTEREST
Lake Perris State Recreation Area
Diamond Valley Lake
Lake Elsinore
Lake Skinner County Park
Perris Auto Speedway
Temecula Valley Wine Country
Orange Empire Railway Museum
Dos Lagos
Corona Crossing
Glen Ivy
Tom’s Farms
Lake Elsinore Outlets
Azusa Pacific University
Pechanga Resort & Casino
Menifee Lakes Country Club
The Golf Club at Rancho California
Bear Creek Golf Club
Temeku Hills Golf Club & Country Club
Canyon Lake Golf Course & Country Club
Hot Air Balloon Rides
Corona Lake
Loma Linda University Med Center
1
5
9
13
2
6
10
14
3
7
11
15
16
17
18
19
20
21
22
4
8
12
1
LAKE PERRIS STATE RECREATION AREA
2
10 11
6
TEMECULA VALLEY WINE COUNTRY20
13
HOT AIR BALLOON RIDES
17
21
Corona Lake
8
9
14
18
16
4
LAKE SKINNER COUNTY PARK
15
5
7
1712
74
74
79
15
3
LAKE ELSINORE RECREATION AREA215
South to San Diego
North to Ontario
West to OrangeCounty 22
East
to C
oach
ella
Valle
y
The
Hoffman
Company
8E l N i d o 3 2 L o t s | P e r r i s
3P R O P E R T Y P H O T O S
Westerly view looking down Walnut Street, property on the left side of the streetSoutherly view from Walnut Street and future Eureka Avenue
Southeasterly view from El Nido Avenue and Walnut Street Northeasterly view from El Nido Avenue
Property Photos
The
Hoffman
Company
9E l N i d o 3 2 L o t s | P e r r i s
4M A R K E T O V E R V I E W
MinMap Total Units Units List Advertised Price/ Maximum Size Bed Rm. Bath No. Of Garage Lot Size Assoc. Tax Mo.No. Builder City Community Units Off'd Avail. Quarter Overall Base Concess. Sq. Ft. Premiums (Sq. Ft.) Count Count Levels Spaces (Sq. Ft.) Dues Assess. Pymt. (1)
1 Pacific Iris Pacific Communit Moreno Valley Moreno Valley Ranch 186 186 8 0.72 1.84 $326,490 $10,000 $111.68 $12,250 3,122 4.7 3.0 2.0 2.0 5,200 $96 $140 $1,6642 Trinity I GFR Homes Moreno Valley Moreno Valley 15 15 6 5.70 5.70 $311,790 $5,000 $163.07 $25,003 1,926 3.7 2.5 1.0 2.0 7,200 $58 $251 $1,8013 Pacific Eagle Pacific Communit Moreno Valley Moreno Valley 199 100 8 1.09 1.11 $362,140 $5,000 $106.26 $13,614 3,606 4.6 3.4 1.8 2.4 7,000 $50 $152 $1,850
133.3 100.3 7 2.50 2.89 $333,473 $6,667 $127.00 $16,956 2,884 4.3 2.9 1.6 2.1 6,467 $68 $181 $1,772400 301 22 7.51 8.66
$321,390 $144.84 2,396
Moreno Valley 214 115 14 6.79 6.82 $336,965 $5,000 $134.66 $19,309 2,766 4.1 2.9 1.4 2.2 7,100 $54 $202 $1,825Moreno Valley Ranch 186 186 8 0.72 1.84 $326,490 $10,000 $111.68 $12,250 3,122 4.7 3.0 2.0 2.0 5,200 $96 $140 $1,664
Note: community sales reflects total monthly sales for all individual new home developments within the communityNote: Monthly Costs assume 80.00% LTV and 4.000% fixed 30yr. mortgageNote: Dens, bonus rooms, lofts, etc. are counted as bedrooms
Report run on: 2013-10-10
Source: Real Estate Economics
Copyright 2003-2012 Real Estate Economics
Real Estate Economics
WEIGHTED AVERAGES: GRAND TOTALS: OVERALL AVERAGES:
New Housing Developments Surveyed in Select Areas of
Monthly SalesDevelopment
RESIDENTIAL DEVELOPMENT SUMMARYREAL ESTATE ECONOMICS
EXHIBIT
FLOOR PLAN CHARACTERISTICSPRICING INFORMATIONSales Information Est. Mo. Costs
Riverside County as of 2013 Q3 Field Audit.
Page 1 of 23:49 PM 10/10/2013
Residential Development Summary
The
Hoffman
Company
10E l N i d o 3 2 L o t s | P e r r i s
4M A R K E T O V E R V I E W
Perris Market Trends
Data as of 12/02/13| Source: Redfin
Perris Sold Price Per Square Foot
Perris Homes on the Market
Perris Listing Price Per Square Foot
Homes for Sale Oct ‘13 vs. Prev. Month vs. Prev. Year
# Homes for Sale 122 4.7% 14%
Median List Price $232K 1.3% 36.5%
Median List $/SqFt. $111 4.7% 30.6%
Homes Sold Oct ‘13 vs. Prev. Month vs. Prev. Year
# Homes Sold 65 16.7% 13.3%
Median Sold Price $212K 6.2% 37.1%
Median Sold $/SqFt. $107 1.8% 35.4%
% Sale to List 103.8% 1.7% 2.8%