± 51.06 acres...broker will market all listed properties to all prospective buyers whether or not...
TRANSCRIPT
BELLEGRAVE AVE
BAIN ST
PEDLEY R
D
JURUPA RD
FELSPAR ST
58TH ST
15
60
VAN BUREN BLVD
56TH ST
± 51.06 ACRESVan Buren Blvd. and Jurupa Rd.
Residential Entitlement OpportunityCITY OF JURUPA VALLEY | RIVERSIDE COUNTY, CA
18881 Von Karman Avenue, Ste 150, Irvine, CA 92612
T (949) 553.2020
www.hoffmanland.com
CA BRE #01473762
Southern California Office Broker Contact
Zach Foster, CA BRE #01969485T (949) 705-0910, [email protected]
Justin Esayian, CA BRE #01513596T (949) 705-0921, [email protected]
OFFERING MEMORANDUM
The
Hoffman
Company
ONTARIO RANCH
JURUPA VALLEY
FONTANA
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 Jurupa Valley, 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 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.
Property Overview
Aerials, Maps & Photos
Area Overview
Market Overview
1
2
3
4
2-3
4-5
6-7
8-9
Table of Contents
Property Overview
Aerials & Maps
Market Overview
Area Overview
1
2
3
4
4-7
8-13
14-19
20-25
Table of Contents
1PROPERTY OVERVIEW
5 51.06 ACRES | JURUPA VALLEY
The Hoffman Company is pleased to announce the exclusive listing of +/- 51.06 acres on the corner of Van Buren Boulevard and Jurupa Road in Jurupa Valley.
• This opportunity will allow a buyer to seek residential entitlement on a large property in the strong Jurupa Valley housing market. This site has been selected as a location for higher density in the City of Jurupa Valley’s newly anticipated General Plan (pending expected approval in approximately 30 days), with a proposed designation of Medium Density Residential. This will allow residential housing up to 5 DU / acre, which allows lot sizes ranging from 5,500 to 20,000 square feet.
• Both new home sale prices and pace in Jurupa Valley are increasing dramatically across the board for all product types. Many projects are up over 10% from opening price and have sales of 5-10 per month. With limited builder owned lots in Jurupa Valley, this already supply-constrained market will be in much need of new inventory when this project is ready to come online.
• Jurupa Valley is experiencing tremendous growth and particularly with the Asian homebuyer. What had been previously rare to the market, sales agents in new home communities are reporting an influx of Asian buyers as Eastvale new home inventory diminishes. Proof of this transition is the recently announced news that Ontario International Airport will service regularly scheduled round-trip flights from China starting in 2018, after a successful trial run this summer.
• The site stretches across 51 acres in the heart of Jurupa Valley. The site will be a hub for commuters, as future homeowners will have great access to the I-15, CA-60 and CA-91 freeways and employment centers in Orange County, Los Angeles and the greater Inland Empire. Furthermore, the property is situated near numerous retail amenities, and in addition, the city has approved a number of new commercial centers on Limonite Avenue, only minutes away from the subject site.
Opportunity Highlights
6
Property Overview
The
Hoffman
Company
OFFERING MEMORANDUM
1Site DetailLOCATIONThe subject property is generally located easterly of the I-15 Freeway and
southerly of SR-60. Specifically, the property sits along the east side of Van Buren
Blvd, south of Jurupa Rd, west of Pedley Rd, and north of 54th St.
MUNICIPALITYCity of Jurupa Valley, County of Riverside
OWNERSTJ Riverside, Belczak Survivor’s Trust and Georgia Masanovich Revocable Trust
ACREAGE± 51.06 Acres
ASSESSOR’S PARCEL NUMBERS165-050-016, 169-290-008, 169-290-010 and 169-300-002
IMPROVEMENTSSite has no tenants and is currently being used as personal storage for the
ownership.
GENERAL PLAN | ZONING City of Jurupa Valley’s new General Plan is expected to be approved in
approximately 30 days. The subject property is anticipated to be given a
designation of Medium Density Residential, which will allow up to 5 DU / acre,
with lot sizes ranging from 5,500 to 20,000 square feet. A description can be
found in the City’s draft General Plan Update as item LUA-18.
Current Zoning: A mix of Low Density Residential (1/2 acre lot minimum) and
Light Industrial.
ENTITLEMENTThe site is currently unentitled.
COST TO COMPLETENot Available. Buyer to Determine.
SCHOOL DISTRICTJurupa Valley Unified
*See page 24 for detailed information on the schools serving this site.
ELEMENTARY SCHOOL | K-6
Stone Avenue
5111 Stone Ave., Jurupa Valley, CA
Tel: (951) 360-2859
Great School Rating: 4 out of 10
MIDDLE SCHOOL | 7-8
Jurupa
8700 Galena St., Jurupa Valley, CA
Tel: (951) 360-2846
Great School Rating: 5 out of 10
HIGH SCHOOL | 9-12
Patriot
4355 Camino Real, Jurupa Valley, CA
Tel: (951) 361-6500
Great School Rating: 7 out of 10
7 51.06 ACRES | JURUPA VALLEY
Offering GuidelinesSELLERTJ Riverside, Belczak Survivor’s Trust and Georgia Masanovich Revocable Trust
LETTER OF INTENTSubmit offer in the form of a Letter of Intent that includes all pro-forma
assumptions for revenues, direct construction costs, and cost to complete.
PURCHASE AND SALE AGREEMENTSeller to provide draft Purchase and Sale Agreement to Buyer.
PROPOSED DEAL STRUCTUREAll Cash / Bulk
ASKING PRICESubmit
DUE DILIGENCE PERIOD45 days from full execution of the Letter of Intent.
DEPOSITSThe Initial Deposit of $500,000 shall be made at the Opening of Escrow and
shall remain refundable during the Due Diligence Period. A Second Deposit of
$1,500,000 shall be placed into Escrow prior to expiration of the Due Diligence
Period. The sum of the Initial Deposit and Second Deposit shall equal a Total
Deposit of $2,000,000 upon Buyer’s approval of its Due Diligence, the Total
Deposit shall be released to the Seller and shall be non-refundable except for
Seller default.
Buyer shall make additional quarterly desposits in the amount of $100,000,
applicable to the puchase price and immediately non-refundable to Seller.
OPENING OF ESCROWUpon delivery to Escrow of (a) the mutually executed Purchase and Sale
Agreement and (b) the First Deposit.
CLOSE OF ESCROWThe earlier of a) 10 Days following Buyer’s receipt of entitlements, past appeal
periods, or b) 18 months following Open of Escrow.
BROKER CONTACTZach Foster
CA BRE #01969485
T (949) 705-0910
Justin Esayian
CA BRE #01513596
T (949) 705-0921
AERIALS& MAPS
2
9 51.06 ACRES | JURUPA VALLEY
56TH STVAN
BU
REN
BLVD
PEDLEY RD
JURUPA RD
Close Up AerialFE
LSPA
R RD
10
Aerials & Maps
The
Hoffman
Company
OFFERING MEMORANDUM
2Surrounding and Future Retail
15
MISSION BLVD
JURUPA RDBELLEGRAVE AVE
LIMONITE AVE
VAN BUREN BLVD
PED
LEY
RD
SUBJEC T SITE
VERNOLA MARKETPLACE
Cardelli’s Italian Market
& Deli
DEANZ A COUNTRY PLA Z AJURUPA VALLE Y SPEC TRUMJURUPA SPRINGS
TacoVillage
EAST VALE GATEWAY
FUTURERETAILWineville
Marketplace8 Acres
FUTURERETAIL38,800 SF
Center
11 51.06 ACRES | JURUPA VALLEY
Easy Freeway Access
15 JURUPA RD
BELLEGRAVE AVE
MISSION BLVD
LIMONITE AVE
60
VAN BUREN BLVD
5.5 Miles
12 Minutes
TO I-15 VIALIMONITE AVE
1.8 Miles
5 Minutes
TO CA-60 VIAVAN BUREN BLVD
SUBJEC T SITE
12
Aerials & Maps
The
Hoffman
Company
OFFERING MEMORANDUM
2Assessor’s Parcel Map
13 51.06 ACRES | JURUPA VALLEY
Vicinity Map
SUBJEC T SITE
Recently Sold Out
Actively Selling
MARKETOVERVIEW
3
15 51.06 ACRES | JURUPA VALLEY
Jurupa Valley Active Projects
Data as of July 2017 | Source: Zonda’s Meyers Research, Ryness Reports & Hoffman Research
Jurupa ValleyACTIVE, FUTURE AND REMAINING LOTS
JURUPA VALLEY
1
6
34
2
5
1
7
60
15
SUBJEC T SITE
8
ActiveRemaining Lots
449Builder Owned
Remaining Lots
176PROJECTS WITH ACTIVE LOTS
Project Name Builder Open DateTotal Lots
Remaining Lots Sales
Weeks Opened
Weekly Sales Rate
Monthly Sale Rate Last 3 Mos.
1 Coventry @ Turn Leaf WmLyon 7/1/14 161 121 40 162 0.25 8.33
2 Serrano Ranch (7,200 SF) Pulte 3/5/16 206 101 105 75 1.40 10.33
3 Harmony @ Riverbend Lennar 3/25/16 114 49 65 72 0.90 5.67
4 Serenity @ Riverbend Lennar 3/25/16 132 55 77 72 1.07 6.67
5 Tranquility @ Riverbend Lennar 3/25/16 119 40 79 72 1.10 6.00
6 Cantera (9,000 SF) Frontier 6/25/16 106 44 62 59 1.05 6.00
7 Hudson Pointe @ Skypark DR Horton 12/10/16 85 39 46 35 1.31 5.89
8 Harvest Villages III Lennar 6/24/17 93 85 8 7 1.14 -TOTAL 449
BUILDER OWNED LOTS
Investor Total Lots
1 Frontier $9,000,000 176 4,500 Sq Ft
TOTAL 176
New home sales pace is strong in Jurupa Valley, as active projects are currently
selling at rates of 5-10 per month.
16
Market Overview
The
Hoffman
Company
OFFERING MEMORANDUM
3Jurupa ValleyPRODUCT & PRICE CHANGE (AS OF AUGUST 2017)
PLAN SQFT OPENING PRICE CURRENT PRICE PRICE CHANGE % CHANGEMINIMUM LOT SIZE
1 3,426 $553,990 $589,990 $36,000 6.5% 7,200
2 3,652 $557,990 $604,888 $46,898 8.4% 7,200
3 3,803 $572,990 $622,990 $50,000 8.7% 7,200
PLAN SQFT OPENING PRICE CURRENT PRICE PRICE CHANGE % CHANGEMINIMUM LOT SIZE
1 2,550 $480,990 $521,990 $41,000 8.5% 7,200
2 2,795 $478,990 $517,990 $39,000 8.1% 7,200
3 2,989 $493,990 $527,990 $34,000 6.9% 7,200
4 3,339 $510,990 $533,990 $23,000 4.5% 7,200
5 3,720 $536,990 $559,990 $23,000 4.3% 7,200
6 3,988 $554,990 $573,990 $19,000 3.4% 7,200
PLAN SQFT OPENING PRICE CURRENT PRICE PRICE CHANGE % CHANGEMINIMUM LOT SIZE
1 1,827 $451,990 $457,290 $5,300 1.2% 4,000
2 2,017 $464,190 $480,290 $16,100 3.5% 4,000
3 2,277 $473,990 $505,390 $31,400 6.6% 4,000
4 2,409 $479,990 $515,490 $35,500 7.4% 4,000
PLAN SQFT OPENING PRICE CURRENT PRICE PRICE CHANGE % CHANGEMINIMUM LOT SIZE
1 1,946 $477,990 $492,890 $14,900 3.1% 5,000
2 2,809 $518,490 $573,090 $54,600 10.5% 5,000
3 3,105 $532,990 $588,590 $55,600 10.4% 5,000
4 3,672 $567,990 $624,690 $56,700 10.0% 5,000
WILLIAM LYON
THE COVENTRY
SERRANO RANCH
PULTE
HARMONY @ RIVERBEND
LENNAR
SERENITY @ RIVERBEND
LENNAR
PLAN SQFT OPENING PRICE CURRENT PRICE PRICE CHANGE % CHANGEMINIMUM LOT SIZE
1 3,426 $553,990 $589,990 $36,000 6.5% 7,200
2 3,652 $557,990 $604,888 $46,898 8.4% 7,200
3 3,803 $572,990 $622,990 $50,000 8.7% 7,200
PLAN SQFT OPENING PRICE CURRENT PRICE PRICE CHANGE % CHANGEMINIMUM LOT SIZE
1 2,550 $480,990 $521,990 $41,000 8.5% 7,200
2 2,795 $478,990 $517,990 $39,000 8.1% 7,200
3 2,989 $493,990 $527,990 $34,000 6.9% 7,200
4 3,339 $510,990 $533,990 $23,000 4.5% 7,200
5 3,720 $536,990 $559,990 $23,000 4.3% 7,200
6 3,988 $554,990 $573,990 $19,000 3.4% 7,200
PLAN SQFT OPENING PRICE CURRENT PRICE PRICE CHANGE % CHANGEMINIMUM LOT SIZE
1 1,827 $451,990 $457,290 $5,300 1.2% 4,000
2 2,017 $464,190 $480,290 $16,100 3.5% 4,000
3 2,277 $473,990 $505,390 $31,400 6.6% 4,000
4 2,409 $479,990 $515,490 $35,500 7.4% 4,000
PLAN SQFT OPENING PRICE CURRENT PRICE PRICE CHANGE % CHANGEMINIMUM LOT SIZE
1 1,946 $477,990 $492,890 $14,900 3.1% 5,000
2 2,809 $518,490 $573,090 $54,600 10.5% 5,000
3 3,105 $532,990 $588,590 $55,600 10.4% 5,000
4 3,672 $567,990 $624,690 $56,700 10.0% 5,000
WILLIAM LYON
THE COVENTRY
SERRANO RANCH
PULTE
HARMONY @ RIVERBEND
LENNAR
SERENITY @ RIVERBEND
LENNAR
PLAN SQFT OPENING PRICE CURRENT PRICE PRICE CHANGE % CHANGEMINIMUM LOT SIZE
1 3,426 $553,990 $589,990 $36,000 6.5% 7,200
2 3,652 $557,990 $604,888 $46,898 8.4% 7,200
3 3,803 $572,990 $622,990 $50,000 8.7% 7,200
PLAN SQFT OPENING PRICE CURRENT PRICE PRICE CHANGE % CHANGEMINIMUM LOT SIZE
1 2,550 $480,990 $521,990 $41,000 8.5% 7,200
2 2,795 $478,990 $517,990 $39,000 8.1% 7,200
3 2,989 $493,990 $527,990 $34,000 6.9% 7,200
4 3,339 $510,990 $533,990 $23,000 4.5% 7,200
5 3,720 $536,990 $559,990 $23,000 4.3% 7,200
6 3,988 $554,990 $573,990 $19,000 3.4% 7,200
PLAN SQFT OPENING PRICE CURRENT PRICE PRICE CHANGE % CHANGEMINIMUM LOT SIZE
1 1,827 $451,990 $457,290 $5,300 1.2% 4,000
2 2,017 $464,190 $480,290 $16,100 3.5% 4,000
3 2,277 $473,990 $505,390 $31,400 6.6% 4,000
4 2,409 $479,990 $515,490 $35,500 7.4% 4,000
PLAN SQFT OPENING PRICE CURRENT PRICE PRICE CHANGE % CHANGEMINIMUM LOT SIZE
1 1,946 $477,990 $492,890 $14,900 3.1% 5,000
2 2,809 $518,490 $573,090 $54,600 10.5% 5,000
3 3,105 $532,990 $588,590 $55,600 10.4% 5,000
4 3,672 $567,990 $624,690 $56,700 10.0% 5,000
WILLIAM LYON
THE COVENTRY
SERRANO RANCH
PULTE
HARMONY @ RIVERBEND
LENNAR
SERENITY @ RIVERBEND
LENNAR
Current new home projects in Jurupa Valley are experiencing great success. Pricing
continues to increase, with homes selling well above opening prices and many up
over 10%.
17 51.06 ACRES | JURUPA VALLEY
Jurupa ValleyPRODUCT & PRICE CHANGE (AS OF AUGUST 2017)
PLAN SQFT OPENING PRICE CURRENT PRICE PRICE CHANGE % CHANGEMINIMUM LOT SIZE
1 2,033 $500,490 $517,290 $16,800 3.4% 6,000
2 2,284 $523,990 $550,890 $26,900 5.1% 6,000
3 3,404 $562,290 $622,490 $60,200 10.7% 6,000
4 3,823 $598,990 $659,490 $60,500 10.1% 6,000
5 4,122 $632,490 $699,290 $66,800 10.6% 6,000
PLAN SQFT OPENING PRICE CURRENT PRICE PRICE CHANGE % CHANGEMINIMUM LOT SIZE
1 2,520 $446,240 $475,990 $29,750 6.7% 7,000
2 2,754 $458,040 $485,490 $27,450 6.0% 7,000
3 2,959 $476,040 $507,940 $31,900 6.7% 7,000
4 3,418 $506,990 $525,000 $18,010 3.6% 7,000
PLAN SQFT OPENING PRICE CURRENT PRICE PRICE CHANGE % CHANGEMINIMUM LOT SIZE
1 1,898 n/a $406,490 n/a n/a 5,500
2 2,401 n/a $416,615 n/a n/a 5,500
3 2,537 $405,990 $428,490 $22,500 5.5% 5,500
4 2,844 $414,990 $454,990 $40,000 9.6% 5,500
5 2,844 $414,990 $446,490 $31,500 7.6% 5,500
HUDSON POINTE @ SKYPARK
DR HORTON
FRONTIER CANTERA
LENNARTRANQUILITY @
RIVERBEND
PLAN SQFT OPENING PRICE CURRENT PRICE PRICE CHANGE % CHANGEMINIMUM LOT SIZE
1 2,033 $500,490 $517,290 $16,800 3.4% 6,000
2 2,284 $523,990 $550,890 $26,900 5.1% 6,000
3 3,404 $562,290 $622,490 $60,200 10.7% 6,000
4 3,823 $598,990 $659,490 $60,500 10.1% 6,000
5 4,122 $632,490 $699,290 $66,800 10.6% 6,000
PLAN SQFT OPENING PRICE CURRENT PRICE PRICE CHANGE % CHANGEMINIMUM LOT SIZE
1 2,520 $446,240 $475,990 $29,750 6.7% 7,000
2 2,754 $458,040 $485,490 $27,450 6.0% 7,000
3 2,959 $476,040 $507,940 $31,900 6.7% 7,000
4 3,418 $506,990 $525,000 $18,010 3.6% 7,000
PLAN SQFT OPENING PRICE CURRENT PRICE PRICE CHANGE % CHANGEMINIMUM LOT SIZE
1 1,898 n/a $406,490 n/a n/a 5,500
2 2,401 n/a $416,615 n/a n/a 5,500
3 2,537 $405,990 $428,490 $22,500 5.5% 5,500
4 2,844 $414,990 $454,990 $40,000 9.6% 5,500
5 2,844 $414,990 $446,490 $31,500 7.6% 5,500
HUDSON POINTE @ SKYPARK
DR HORTON
FRONTIER CANTERA
LENNARTRANQUILITY @
RIVERBEND
PLAN SQFT OPENING PRICE CURRENT PRICE PRICE CHANGE % CHANGEMINIMUM LOT SIZE
1 2,033 $500,490 $517,290 $16,800 3.4% 6,000
2 2,284 $523,990 $550,890 $26,900 5.1% 6,000
3 3,404 $562,290 $622,490 $60,200 10.7% 6,000
4 3,823 $598,990 $659,490 $60,500 10.1% 6,000
5 4,122 $632,490 $699,290 $66,800 10.6% 6,000
PLAN SQFT OPENING PRICE CURRENT PRICE PRICE CHANGE % CHANGEMINIMUM LOT SIZE
1 2,520 $446,240 $475,990 $29,750 6.7% 7,000
2 2,754 $458,040 $485,490 $27,450 6.0% 7,000
3 2,959 $476,040 $507,940 $31,900 6.7% 7,000
4 3,418 $506,990 $525,000 $18,010 3.6% 7,000
PLAN SQFT OPENING PRICE CURRENT PRICE PRICE CHANGE % CHANGEMINIMUM LOT SIZE
1 1,898 n/a $406,490 n/a n/a 5,500
2 2,401 n/a $416,615 n/a n/a 5,500
3 2,537 $405,990 $428,490 $22,500 5.5% 5,500
4 2,844 $414,990 $454,990 $40,000 9.6% 5,500
5 2,844 $414,990 $446,490 $31,500 7.6% 5,500
HUDSON POINTE @ SKYPARK
DR HORTON
FRONTIER CANTERA
LENNARTRANQUILITY @
RIVERBEND
PLAN SQFT OPENING PRICE CURRENT PRICE PRICE CHANGE % CHANGEMINIMUM LOT SIZE
1 2,820 $551,990 $556,990 $5,000 0.9% 7,500
2 2,821 $556,490 $556,990 $500 0.1% 7,500
3 3,404 $566,790 $566,790 $0 0.0% 7,500
4 3,823 $603,290 $598,390 -$4,900 -0.8% 7,500
5 4,122 $638,390 $645,190 $6,800 1.1% 7,500
LENNARHARVEST
VILLAGES III
18
Market Overview
The
Hoffman
Company
OFFERING MEMORANDUM
3Actively Selling Projects in Jurupa Valley
Serenity @ Riverbend | Jurupa ValleyProduct Type: DetachedPrice Range: $492,890 - $624,690
Minimum Lot Size: 5,000 SFHouse Size: 1,946 - 3,672 SF
Base Tax Rate: 1.95%HOA: n/a
OPENED MAR 2016
Harmony @ Riverbend | Jurupa ValleyProduct Type: DetachedPrice Range: $457,290 - $515,490
Minimum Lot Size: 4,000 SFHouse Size: 1,827 - 2,409 SF
Base Tax Rate: 1.95%HOA: n/a
The Coventry @ Turn Leaf | Jurupa ValleyProduct Type: DetachedPrice Range: $589,990 - $622,990
Minimum Lot Size: 11,000 SFHouse Size: 3,426 - 3,803 SF
Base Tax Rate: 1.95%HOA: n/a
1
3
2
4
Serrano Ranch | Jurupa ValleyProduct Type: DetachedPrice Range: $517,990 - $559,990
Minimum Lot Size: 7,200House Size: 2,550 - 3,988 SF
Base Tax Rate: 1.95%HOA: n/a
Tranquility @ Riverbend | Jurupa Valley Product Type: Detached Price Range: $517,290 - $699,290
Minimum Lot Size: 6,000 SFHouse Size: 2,033 - 4,122 SF
Base Tax Rate: 1.95%HOA: n/a
OPENED MAR 2016
OPENED MAR 2016
OPENED JUL 2014
5
Data as of AUG 2017 | Source: Meyers Research & Builder Website
OPENED MAR 2016
19 51.06 ACRES | JURUPA VALLEY
Actively Selling Projects in Jurupa Valley
Data as of July 2017 | Source: Meyers Research & Builder Website
Hudson Pointe @ Skypark | Jurupa ValleyProduct Type: Detached Price Range: $406,490 - $446,490
Minimum Lot Size: 7,200House Size: 1,898 - 2,844 SF
Base Tax Rate: 1.95%HOA: n/a
OPENED DEC 20167
Harvest Villages III | Jurupa Valley Product Type: Detached Price Range: $556,990 - $645,190
Minimum Lot Size: 7,200House Size: 2,820 - 4,122 SF
Base Tax Rate: 1.9%HOA: n/a
OPENED JUN 20178
Cantera | Jurupa Valley Product Type: Detached Price Range: $475,990 - $525,000
Minimum Lot Size: 9,000 SFHouse Size: 2,520 - 3,418 SF
Base Tax Rate: 1.95%HOA: n/a
6 OPENED JUN 2016
AREAOVERVIEW
4
21 51.06 ACRES | JURUPA VALLEY
City Info & Demographics
CaliforniaState
County
Mayor
Incorporated
Website
Historical Annual Growth
Forecasted Annual Growth
0.4%
0.5%
California
Riverside
Brad Hancock
July 1, 2011
www.jurupavalley.org
Jurupa Valley
Weather
Total Population
Source: wikipedia.org Source: wikipedia.org and weather.com
Source: Zonda Source: Zonda
Source: Zonda; US Census; Nielsen; Meyers Research LLC
76,115
Total Population
No. of Households
Median Household Income
Homeownership Rate
Median Age
January Average
July Average
Precipitation
77,021
19,693
$58,453
68.7%
31.4
High 70º, Low 47º
High 83º, Low 63º
High Feb 3.5”, Low Aug 0.0”
View of City of Jurupa Valley
Jurupa Valley
22
Area Overview
The
Hoffman
Company
OFFERING MEMORANDUM
4Jurupa Valley Jurupa Valley Overview
Jurupa Hills Country ClubJurupa Hills is family owned and has been operating Jurupa
Hills since November, 2008. The country club includes an 18-
hole golf course along with golf lessons, practice facility, and
restaurant and with a full bar. Special events can be held here
including tournaments, weddings, birthday parties, business
meetings, etc.
www.jurupahills.net
The Cove WaterparkThe Cove is a new state-of the-art aquatic complex in
Riverside which offers a variety of water-based activities for
kids and adults of all ages. The Cove offers 6 progressive
learn-to-swim classes. Classes are designed to develop the
students’ swimming ability while teaching water safety skills.
Their instructors provide a positive learning experience for
swimmers of all ages and abilities.
www.covewaterpark.org
Rancho Jurupa Regional Sports ParkThe Rancho Jurupa Regional Sports Park is home to 32 acres
of beautiful, lush, natural and synthetic turf fields. Comprised
of four large marked and lighted synthetic turf fields, two
large natural turf fields as well as nine smaller natural turf
fields, the park is available by reservation for many outdoor
activities. Nestled between the synthetic and natural fields is
a landscaped plaza with picnic shelters, restrooms, a snack bar
and two playgrounds.
www.rivcoparks.org
Source: http://en.wikipedia.org/wiki/Jurupa_Valley,_California
Jurupa Valley is a city in Riverside County, California. On March 8, 2011, voters approved a ballot measure, designated as Measure A, to
incorporate the area into its own city; as a result, the area has been an incorporated city since July 1, 2011.
The city of Jurupa Valley covers approximately 43.5 square miles (113 km2), and has an estimated population of 94,235. It is north and
west of the Santa Ana River, south of the Riverside-San Bernardino County line, and east of Interstate 15. It includes the neighborhoods
of Mira Loma, Glen Avon, Sky Country, Indian Hills, Pedley, Rubidoux, Belltown, Jurupa, Jurupa Hills, and Sunnyslope. Residents of the
area had previously voted on incorporation in 1992; however, voters rejected it as well as a competing ballot measure that would have
incorporated Mira Loma.
23 51.06 ACRES | JURUPA VALLEY
Area Attractions Map
COLTON
RIVERSIDE
FONTANA
JURUPA VALLEY
ONTARIO
MONTCLAIR
EASTVALE
CHINO
CHINOHILLS
NORCO
UPLAND
CORONA
Ontario Mills Mall
LA/Ontario International Airport
Victoria Gardens
Auto Club Speedway
The Cove /Jurupa Aquatic Center
Jurupa Hills Country Club
Paradise Knolls Golf Course
Galleria at Tyler
Castle Park
Mission Inn Resort & Spa
Downtown Riverside
Riverside City College
University of California, Riverside
Crossings at Corona
Shops at Dos Lagos
Chino Airport
Prado Regional Park
Chino Hills State Park
Mt. Rubidoux
La Sierra University
Silver Lakes Sports Complex
Dos Lagos Golf Course
Champions Club at The Retreat
Points of Interest
18
CHINO HILLSSTATE PARK
10
10
15
10
15
15
215
215
215
60
91
71
1
16
3
18
5
20
7
22
23
9
11
13
15
2
17
4
19
6
21
8
10
12
14
4
3
16
PRADO VIEWREGIONAL PARK
17
7
20
5
D OW N T OW N
11 10
12
8
14
15
MT RUBIDOUX
1913
21
22
23
9
6
1
2
WEST TO
OR
AN
GE/LA
COU
NTIES
EAST TO
COA
CHELLA
VA
LLEY
S O U T H T O T E M E C U L A
24
Area Overview
The
Hoffman
Company
OFFERING MEMORANDUM
4
Stone Avenue Elementary
Jurupa Middle School
Patriot High School
JURUPA RD
MISSION BLVD
VAN BU
REN B
LVD
CAMIN
O REAL
PED
LEY
RD
Stone AvenueELEMENTARY SCHOOL | K-6
5111 Stone Ave
Jurupa Valley, CA
Tel: (951) 360-2859
Jurupa Unified School District
JurupaMIDDLE SCHOOL | 7-8
8700 Galena St
Jurupa Valley, CA
Tel: (951) 360-2846
Jurupa Unified School District
PatriotHIGH SCHOOL | 9-12
4355 Camino Real
Jurupa Valley, CA
Tel: (951) 361-6500
Jurupa Unified School District
1
2
3
GreatSchoolsRating
4out of 10
GreatSchoolsRating
5out of 10
GreatSchoolsRating
7out of 10
SUBJEC T SITE
Area Schools Exhibit
25 51.06 ACRES | JURUPA VALLEY
Notes
Southern California Office
18881 Von Karman Avenue, Suite 150
Irvine, California 92612
T 949.553.2020 | F 949.553.8449
Coachella Valley Office
777 E Tahquitz Way, Suite 200
Palm Springs, California 92262
T 760.969.7357 | F 949.553.8449
Northern California Office
2121 North California Blvd., Suite 290
Walnut Creek, California 94596
T 925.478.8429 F 949.553.8449
w w w . h o f f m a n l a n d . c o m
Nevada Office
9205 W Russell Rd, Suite 235
Las Vegas, Nevada 89148
T 702.793.4370
The
Hoffman
Company
Leading the LandBrokerage IndustryC A L I F O R N I A + N E V A D A