DESERTLAWN DR

CHERRY VALLEY BLVD

OAK VALLEY PKWY

60

10 CALIMESA BLVD

BEAUMONT

CALIMESA

Undevelopable Land/ Hiking Trails

SunnyCal497 Proposed

Residential Units

GatewayCenter

FutureCommercial Future

Commercial

10

“Calimesa Cove” is a lender owned property consisting of 52.8 acres of prime residential zoned land located near the city limits of Beaumont, and bordering Cherry Valley Blvd., just north of I-10. Future residents of this scenic hill view cove can enjoy nearby amenities such as the Morongo Golf Club @ Tukwet Canyon Golf Course (home of the Southern California PGA) and the Oak Valley Golf Club. The subject property is situated just north of Suncal’s Fairways Canyon Masterplan (named 2005 Masterplan of the Year by the Building Industry Association) consisting of over 1,000 existing residents with additional new home development expected to commence soon. The most recent plans for the property include 199 single family detached lots (3.7 DU/acre) with lot sizes ranging from 3,250 to over 12,000 square feet including an 8’ equestrian trail lining the entire east side of the project. Previous site plan versions range from 133-140 lots (2.6 DU/acre) with lot sizes from 6,000 to over 14,000 square feet. Previous conceptual home plans range in size from 1,005 to 1,620 square feet.

The City of Calimesa, incorporated in 1990, is located in the foothills of the San Bernardino Mountains in the north-west region of Riverside County. A community that is dedicated to preserving its natural setting, wildlife corridors and recreational trail systems; Calimesa is “refreshingly above the fray.” Interstate 10 provides access through the San Gorgonio Pass and stretches through the center of the city, serving as a key transportation corridor to the desert communities and Arizona to the east and the Los Angeles Metropolitan area to the west. The City of Calimesa has a land area of nearly 15 square miles, with a population of 8,231. However, within a 3 and 5 mile radius resides a significant trade area of over 47,000 and over 76,000 people respectively. Double digit projected population and household growth is expected within the next 5 years. The median home value in Calimesa is $274,000, which is up 5.5% over the past year and is projected to increase by 4.7% over the next year. Calimesa Cove will provide a much needed easily accessible subdivision for the area with affordable product.

PROPERT Y OVERVIEW & CIT Y OF CALIMESA

IRVINE OFFICE: 18881 Von Karman Ave, Suite 150, Irvine, CA 92612 | T 949.553.2020 | CA DRE #01743762 | www.hoffmanland.com

COACHELLA VALLEY OFFICE: 777 E Tahquitz Canyon Way, Suite 200, Palm Springs, CA 92262 | T 760.969.7357

BROKER CONTACT

Erik Christianson

CA BRE #01475105

T 949.705.0920

C 949.910.7337

echristianson@hoffmanland.com

PROPERT Y DETAILS

T H E H O F F M A N C O M P A N Y E X C L U S I V E O F F E R I N G

LOCATION Calimesa, Riverside County, California (Near Beaumont)

INTERSECTION On Calimesa Blvd., West of Cherry Valley Blvd. Exit (North of I-10)

AREA LANDMARKS PGA Tukwest Canyon Golf Course, Oak Valley Golf Club, Fairway Canyon Masterplan

LOT COUNT 199 Proposed Lots (Previous Plans for 133-140 Lots)

PRODUCT SIZE Proposed 1,005 to 1,620 Square Feet Detached Homes

ZONING RLM –Residential Low/Medium (4-7 DU/Acre or 6,000 sq. ft. min.)

ENTITLEMENTS Unentitled. Initial Tentative Tract Map Plans Started (TTM #31450).

SITE CONDITION Unimproved On-Sites. Adjacent to Major Arterial Road. Utilities Adjacent & Nearby.

OFFER DUE DATE Offers to Be Considered as Submitted.

OFFERING MEMORANDUM Request from Broker.

199 Proposed Single Family Lots on 52.8 Acres Calimesa, CA | Riverside County, CACALIMESA COVE

RIVERSIDE COUNTY U.I.

CHERRY VALLEY BLVD

LENDER OWNED: Opportunity to Purchase at ±20% of Year 2004 Appraised TTM ValueProvide Affordability for Inland Empire | Easy Access to I-10 FreewayNear PGA Tukwet Canyon Golf Course @ Oak Valley Golf ClubUtilize Existing Proposed Tentative Tract Map Plans or Re-Entitle | Terms May Be EntertainedProjected Significant Land & Home Value Upside Potential Remaining