SIERRA LA VERNE COUNTRY CLUB GOLF COURSE · 2018-07-23 · to oloreuda consed uunde et ui destiu...

18
WHEELER AVE N SAN DIMAS CANYON RD GOLDEN HILLS RD CLAREMONT LA VERNE OFFERING MEMORANDUM The Hoffman Company SIERRA LA VERNE COUNTRY CLUB GOLF COURSE 111 Acres La Verne, Los Angeles County, CA 210 RESIDENTIAL ENTITLEMENT OPPORTUNITY

Transcript of SIERRA LA VERNE COUNTRY CLUB GOLF COURSE · 2018-07-23 · to oloreuda consed uunde et ui destiu...

Page 1: SIERRA LA VERNE COUNTRY CLUB GOLF COURSE · 2018-07-23 · to oloreuda consed uunde et ui destiu aut dolut alitate et occae suet ide oloro reroides natu labo. Na el intus olorit volutis

WHEELER AVE

N SAN DIMAS CANYON RD

GOLD

EN H

ILLS

RD

CLAREMONT

LA VERNE

OFFERING MEMORANDUM

The

Hoffman

Company

SIERRA LA VERNE COUNTRY CLUBGOLF COURSE

111 AcresLa Verne, Los Angeles County, CA

210

RESIDENTIAL ENTITLEMENT OPPORTUNIT Y

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The

Hoffman

Company

DISCLAIMEROFFERING MEMORANDUMThe 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 La Verne, County of Los Angeles, 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.

W W W . H O F F M A N L A N D . C O M

THE HOFFMAN COMPANY

Southern California Office

18881 Von Karman Ave Ste 150,

Irvine, California 92612

T (949) 553-2020

CA BRE #01473762

BROKER CONTACT

Norm Scheel

CA BRE #00999403

T (949) 705-0932

[email protected]

Zach Foster

CA BRE #01969482

T (949) 705-0910

[email protected]

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Aximodit eos volorum ra int, am quos voloribea pore prate lit

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consequ atempore, et voluptae. Inum qui omnitiorempe nonse

nullaborerum re, tes doles sunture preped molorecumet quatis et

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erum aceatur adit et officabo. Nam, comniss ectias moluptas dolor

am volupta tquodis nis quosa accae sita volluptatis et quae nus

asita conem harciae dolupta eribuscia natiunt rerci cus et asped que

volorest, sus prora quati tem excestr umquam qui berro quiberiae

eates eatium qui volorro cum alibus di id ea que porehen tinctat

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occae sumet ide volorpo rerovides natum labo. Nam vel intus volorit

voluptis vellam volupie nditin nitiata conserum fuga. Gendandit, nisti

INTRODUC TION

T h e H o f f m a n C o m p a n y i s p l e a s e d t o a n n o u n c e t h e e xc l u s i v e l i s t i n g

o f t h e S i e r r a L a Ve r n e C o u n t r y C l u b . S i e r r a L a Ve r n e i s a s e m i -

p r i v a t e , n o n - e q u i t y 1 8 h o l e g o l f c o u r s e o n o v e r 1 1 1 a c re s i n t h e C i t y o f L a Ve r n e , C a l i fo r n i a . T h i s i s a t re m e n d o u s o p p o r t u n i t y t o

a c q u i re a n d re d e v e l o p a l a r g e r a re i n f i l l p ro p e r t y i n t h e p re s t i g i o u s

S a n G a b r i e l Va l l e y. L a Ve r n e i s a n a f f l u e n t c o m m u n i t y , h i g h l y

s o u g h t - a f t e r fo r h o m e b u y e r s a n d a m a r k e t i n n e e d o f n e w h o u s i n g

s t o c k .

S I E R R A L A V E R N E G O L F C O U R S E3

RESIDENTIAL ENTITLEMENT OPPORTUNIT Y

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OPPORTUNIT Y HIGHLIGHTS

Unmatched Development OpportunityThis is an extremely rare infill development opportunity, and given the size, the property represents the potential for a substantial project of scale to be built in the much desired City of La Verne; San Gabriel Valley.

Excellent Schools The educational system in La Verne is outstanding. The primary and secondary schools boast Great School Scores of 9’s across the board. In addition, the City is home to the prestigious University of La Verne and less than 10 miles from the renowned Claremont Colleges.

Close Proximity to LAIdeally located, the site is situated in the heart of the highly-coveted San Gabriel Valley and just minutes from I-210, providing commuters with easy access to Pasadena, Glendale, Burbank and Downtown Los Angeles.

High-End Housing MarketThe two actively selling New Home Projects in the City of La Verne are currently selling at average prices over $1,000,000. Additionally, SFR resale listings and last 90 day closings in the immediate area average $1,267,108 and $975,477, respectfully.

UNMATCHED DEVELOPMENT OPPORTUNITY

CLOSE PROXIMITY

TO LA

HIGH-END HOUSING MARKET

EXCELLENT SCHOOLS

H 4

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LocationSierra La Verne Country Club is generally located north of the I-210

freeway, and specifically, the property sits along the east side of Wheeler

Avenue and south of Golden Hills Road.

Address6300 Country Club Dr, La Verne, CA 91750

APNs8666-059-009, 8678-027-021, -022, -029, -036, -037

Acreage±111.1

ZoningA1 = Limited Agriculture

General PlanOS = Open Space

Property ConditionThe site is improved as a golf course and country club.

Cost to CompleteNot Available. Buyer to determine.

School DistrictBonita Unified School District 115 W. Allen Ave., San Dimas, CA 91773

(909) 971-8200

http://do.bonita.k12.ca.us/

See page 16 for detail information on the schools serving this site.

Source: wedgewoodbanquet.com

S I E R R A L A V E R N E G O L F C O U R S E5

Site Detail

ITEM UNIT PRICE FIRE FACILIT Y FEE

SAFET Y EQUIPMENT IMPAC T FEE $385.00 EA

DEVELOPMENT IMPAC T FEE $7,504.00 EA

STORM DRAIN FEESRESIDENTIAL $175.00 Each 1/10 Gross Acre

UNDERGROUND UTILIT Y FEESRESEDENTIAL $175.00 Each 1/10 Gross Acre

TRANSPORTATION

$5,000.00 DU(This is an allowance - City

determines traffic impact fees on a case by case basis)

PARKS $4,500.00 DU

STATE FEES STRONG MOTION INSTRUMENTATION PROGRAM FEE (HOUSING PRODUC T)

.0001 X Building Valuation EA

GREEN BUILDING FEE (HOUSING UNITS) $4 per $100,000 of Building Valuation (No Land Value) EA

SCHOOL FEESBONITA UNIFIED SCHOOL DISTRIC T $2.63 SF

WATER & SEWER FEESWATER UNIT CONNEC TION FEE $385.00 DU

WATER FRONTAGE FEE $15.00 LF

SEWER UNIT CONNEC TION FEE $125.00 EDU

SEWER FRONTAGE FEE $15.00 LF

SDC WA SYSTEM C APACIT Y CHARGE (METER LESS THAN 1")SDC WA WATER TREATMENT C APACIT Y CHARGE (METER LESS THAN 1")

*This information is purely being provided as guidance. Buyer to verify numbers

with the City based on the proposed project, as many fees are size dependent.

City of La Verne Development Impact Fees

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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 StructureSeller will consider closing subject to entitlements, not to exceed 24

months.

Asking PriceSubmit

Due Diligence Period45 Days from mutual execution of the Purchase and Sale Agreement.

Title / EscrowChicago Title Insurance Company

DepositsFirst Deposit: $50,000 when escrow opens.

Second Deposit: To be increased to a total of five percent (5%) of the

Purchase Price when Buyer approves due diligence, at which time the

First and Second Deposits shall be non-refundable and apply to the

purchase price.

Deposits Following Due Diligence Period: In the event of an

entitlement structured deal; Buyer will make quarterly, non-refundable

applicable deposits.

Opening of EscrowUpon delivery to Escrow of mutually executed Purchase and Sale

Agreement.

Close of EscrowNot to exceed 24 months.

Broker ContactNorm ScheelCA BRE #00999403

T (949) 705-0932

[email protected]

Zach FosterCA BRE #01969482

T (949) 705-0910

[email protected]

Source: wedgewoodbanquet.com

H 6

Offering Guidelines

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Established in 1980, Sierra La Verne Country Club is nestled in

the foothills of the majestic San Gabriel Mountains, in a setting

of peace and tranquility, with amazing views in all directions. The

unique setting allows members to enjoy a challenging game in an

atmosphere of serenity and beauty. Sierra La Verne is a semi-private,

non-equity country club with an 18 hole golf course, dining and

banquet facilities and a complete social calendar. The property

features a stunning, modern 30,000 sq. ft. tri-level clubhouse

providing patrons with a luxurious dining experience. Additionally,

Sierra La Verne is a popular wedding venue, given the lush grounds

and elegant backdrops.

FINANCIALS / LEASES ARE AVAILABLE UPON EXECUTION OF A CONFIDENTIALIT Y AGREEMENT

S I E R R A L A V E R N E G O L F C O U R S E7

Sierra La Verne Country Club Overview

Golf Course

T YPE Semi-Private (Non-Equity)HOLES 18PAR 71LENGTH 6,327 YardsRATING 70.0TEES Blue, White, White ( W ), Red ( W )YEAR BUILT 1980ARCHITEC T Dan MurrayGREENS Bermuda GrassFAIRWAYS Bermuda GrassTOTAL BUILDING SF 53,218 SFCLUBHOUSE SIZE 30,000 SFDRIVING RANGE 12 Stations

Current Lessees

GOLF COURSE OPERATOR Bellows Golf ManagementFOOD & BEVERAGE OPERATOR Z Golf/WedgewoodSTEALTH CELL TOWERS AT&T and Verizon

Source: greenskeeper.org

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WHEELER AVE

GOLDEN HILLS RD

CANY

ON CR

EST D

R

H 8

Close-up Aerial

BIRDIE DR

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Aximodit eos volorum ra int, am quos voloribea pore prate lit

dolecatem num reperch ilique volorest, tem ut hillit aliquia nos

doloreh entium et acerio venecto excest, utemo estiorio. Am

consequ atempore, et voluptae. Inum qui omnitiorempe nonse

nullaborerum re, tes doles sunture preped molorecumet quatis et

repelitas antoriatia et pelit voles exerum venit et eratis idebit ullorate

erum aceatur adit et officabo. Nam, comniss ectias moluptas dolor

am volupta tquodis nis quosa accae sita volluptatis et quae nus

asita conem harciae dolupta eribuscia natiunt rerci cus et asped que

volorest, sus prora quati tem excestr umquam qui berro quiberiae

eates eatium qui volorro cum alibus di id ea que porehen tinctat

ectiist velitiam, simosam verum conest, cus.

Pudam eos ame nissenitios moluptiorro tent ressunt omnihil luptur,

to molorepuda consed quundem et qui destium aut dolut alitate et

occae sumet ide volorpo rerovides natum labo. Nam vel intus volorit

voluptis vellam volupie nditin nitiata conserum fuga. Gendandit, nisti

S I E R R A L A V E R N E G O L F C O U R S E9

Zoomed-Out Aerial

GOLDEN HILLS RD

WHEELER AVE

210

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Image Landsat / Copernicus

Image Landsat / Copernicus

Image Landsat / Copernicus

© 2018 Google

© 2018 Google

© 2018 Google

Data SIO, NOAA, U.S. Navy, NGA, GEBCO

Data SIO, NOAA, U.S. Navy, NGA, GEBCO

Data SIO, NOAA, U.S. Navy, NGA, GEBCO

2

1105

5

10

10

101

60

60

57

57

110710

605

DTLA

GLENDALE

BURBANK

PASADENA

LOS ANGELES

Downtown LA 34.0 Miles 35-45 Minutes

Pasadena 24.3 Miles 26-35 Minutes

Glendale 31.6 Miles 35-45 Minutes

Burbank 35.4 Miles 35-45 Minutes

SUBJECT SITE

210

134

H 10

Driving Distance | Proximity to the Los Angeles Area

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© 2018 Google

© 2018 Google

© 2018 Google

WHE

ELER

AVE

ESPE

RANZ

A DR

BASELINE RD

210

1

CREEKSIDE

LA VERNE EMERALD

2

MAP KE Y PROJEC T BUILDER OPEN DATE T YPE TOTAL UNITS LOT SIZE MIN. UNIT

SIZE SFMAX. UNIT

SIZE SF MIN. PRICE MAX. PRICE

1 Creekside Meritage Homes 4/9/2016 Detached 22 11,016 3,401 4,536 $1,101,990 $1,245,9902 La Verne Emerald City Ventures 6/10/17 Detached 19 6,350 2,730 3,283 $849,990 $989,990

S I E R R A L A V E R N E G O L F C O U R S E11

Actively Selling New Home Projects

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MAP KE Y SALE T YPE ADDRESS CIT Y ZIP LIST PRICE BEDS BATHS SQ FT LOT

SIZEYEAR BUILT STATUS

1 MLS Listing 1249 Oakmead Ln La Verne 91750 $899,000 4 3 2,409 43,694 1978 Active2 MLS Listing 7158 Melinda Ln La Verne 91750 $1,699,000 5 4 4,903 26,622 1980 Active3 MLS Listing 6839 Warm Springs Ave La Verne 91750 $795,000 4 3 2,538 8,472 1979 Active4 MLS Listing 1670 Via Campo La Verne 91750 $1,258,000 4 6 3,836 12,455 1987 Active5 MLS Listing 5502 Ridgeview Dr La Verne 91750 $1,199,800 5 3 3,330 9,053 1997 Active6 MLS Listing 4845 Live Oak Canyon Rd La Verne 91750 $1,649,000 3 3.5 3,980 50,875 1979 Active7 MLS Listing 2867 Teal St La Verne 91750 $1,198,800 5 5 3,621 10,424 1998 Active8 MLS Listing 2435 Costa Del Sol La Verne 91750 $1,490,000 6 4 4,601 10,600 1996 Active9 MLS Listing 5377 Rotary Dr La Verne 91750 $1,198,000 5 4.5 3,604 10,495 1998 Active

10 MLS Listing 5730 Glen Oaks Dr La Verne 91750 $1,238,800 4 4 3,523 9,637 1995 Active11 MLS Listing 5351 Pintail St La Verne 91750 $1,200,000 5 4.5 3,621 11,608 1999 Active12 MLS Listing 2420 Vista Del Sol La Verne 91750 $1,690,000 5 5.5 5,823 10,010 1998 Active13 MLS Listing 2104 Bogie Dr La Verne 91750 $957,000 4 3 2,918 7,925 1979 Active

AVERAGE: $1,267,108

MAP KE Y SALE T YPE ADDRESS CIT Y ZIP BEDS BATHS SQ FT LOT

SIZEYEAR BUILT STATUS LAST SALE DATE LAST SALE PRICE

1 PAST SALE 4746 Williams Ave La Verne 91750 4 2.75 2,822 8,696 1994 Sold 4/19/2018 $880,000 2 PAST SALE 985 Eastglen Dr La Verne 91750 4 2 2,158 8,331 1966 Sold 6/21/2018 $745,000 3 PAST SALE 5070 Oak Bend Dr La Verne 91750 4 1.75 2,028 9,770 1968 Sold 4/27/2018 $739,000 4 PAST SALE 4850 Wheeler Ave La Verne 91750 3 3 2,151 16,200 1985 Sold 4/16/2018 $767,500 5 PAST SALE 5054 Via De Mansion La Verne 91750 5 3.5 3,412 36,824 1957 Sold 5/29/2018 $1,163,317 6 PAST SALE 2024 Golden Hills Rd La Verne 91750 4 3 2,434 7,916 1979 Sold 7/3/2018 $760,000 7 PAST SALE 5486 Mansion Ct La Verne 91750 4 2.5 2,316 5,991 1987 Sold 7/6/2018 $770,000 8 PAST SALE 2276 Eagle Dr La Verne 91750 5 3 2,499 7,484 1987 Sold 6/13/2018 $880,000 9 PAST SALE 1662 Lemonwood St La Verne 91750 4 3 2,183 8,904 1985 Sold 6/28/2018 $799,000

10 PAST SALE 3165 Mockingbird Ln La Verne 91750 4 3 3,228 7,020 1996 Sold 7/2/2018 $1,033,000 11 PAST SALE 7171 Vista De Oro La Verne 91750 4 5 4,421 12,371 2000 Sold 6/28/2018 $1,600,000 12 PAST SALE 2497 Martes La Verne 91750 5 4 3,895 10,653 1999 Sold 4/12/2018 $1,265,000 13 PAST SALE 2808 Teal St La Verne 91750 4 3 2,734 15,042 1999 Sold 6/6/2018 $1,070,000 14 PAST SALE 7338 Alta Vis La Verne 91750 4 2.5 2,421 15,138 1984 Sold 6/15/2018 $915,000 15 PAST SALE 7185 Las Brisas La Verne 91750 4 4 4,022 11,679 1999 Sold 4/25/2018 $1,300,000 16 PAST SALE 2330 Del Marino La Verne 91750 4 2.5 2,337 15,009 1981 Sold 4/17/2018 $892,500 17 PAST SALE 2567 Vista Del Sol La Verne 91750 5 4 4,376 9,994 1999 Sold 4/12/2018 $1,475,000 18 PAST SALE 2238 Canyon Crest Dr La Verne 91750 5 2.75 3,401 9,301 1997 Sold 5/4/2018 $1,100,000 19 PAST SALE 2022 N Bogie Dr La Verne 91750 4 3 2,434 7,581 1979 Sold 5/15/2018 $855,000 20 PAST SALE 2562 Segovia La Verne 91750 6 6 4,632 10,617 1998 Sold 6/1/2018 $1,580,000 21 PAST SALE 7153 Calle Aragon La Verne 91750 5 3 3,049 12,642 1981 Sold 6/11/2018 $980,000 22 PAST SALE 5449 Via De Mansion La Verne 91750 4 3 2,356 8,028 1987 Sold 6/18/2018 $980,000 23 PAST SALE 6765 Cactus Ln La Verne 91750 4 3 2,556 10,428 1985 Sold 4/12/2018 $895,000 24 PAST SALE 2310 Meadow Glen Dr La Verne 91750 4 3 2,556 9,938 1998 Sold 4/23/2018 $875,000 25 PAST SALE 2326 Eagle Dr La Verne 91750 4 3 2,043 7,541 1987 Sold 5/23/2018 $780,000 26 PAST SALE 1635 Victoria Pl La Verne 91750 4 2 2,076 9,713 1965 Sold 6/1/2018 $655,000 27 PAST SALE 2350 Canyon Crest Dr La Verne 91750 4 3.5 2,892 14,386 1997 Sold 6/5/2018 $900,000 28 PAST SALE 2187 Vista Ct La Verne 91750 4 3 2,766 7,331 1986 Sold 4/27/2018 $920,000 29 PAST SALE 5119 Old Ranch Rd La Verne 91750 3 2 2,238 9,933 1973 Sold 4/19/2018 $765,000 30 PAST SALE 2480 Vista Del Sol La Verne 91750 4 4 3,851 10,867 1998 Sold 6/8/2018 $925,000

AVERAGE: $975,477

RESA

LE L

ISTI

NGS

PAST

90

DAY

RESA

LE C

LOSI

NGS

H 12

SFR Resale Listings & Past 90 Day Closings (2,000+ SF Homes 2-Mile Radius)

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FOOTHILL BLVD

N SA

N DI

MAS

CAN

YON

RD

66

WHE

ELER

AVE

BASELINE RD

ESPERANZA DR

210

1MILE

2MILES

1

12

3020

14

6

1923 8 25

15111621

26

28

73

29

4

10

2

22

5 113

1824

27

17

2

12

10

5

4

117

96

8

313

RESALE LISTINGS

90 DAY CLOSINGS

LEGEND

S I E R R A L A V E R N E G O L F C O U R S E13

Resale Home Sales Plotted Map

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© 2018 Google

© 2018 Google

© 2018 Google

WHE

ELER

AVE

ESPE

RANZ

A DR

BASELINE RD

210

1

GATEWAY POINTE

THE COMMONS

EMERALD CENTER

LA VERNE PLAZA

WHI

TE A

VE

LA VERNE TOWN CENTER

66

FOOTHILL BLVD

H 14

Nearby Retail

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66

BASELINE RD

PADUA AVEN M

ILLS

AVE

MT. BALDY

RD

S INDIAN HILL BLVD

N TO

WNE

AVE

N CA

REY

AVE

ARROW HWY

WHE

ELER

AVE

N W

HITE

AVEBONITA AVE

210UNIVERSITY OF LA VERNE

S I E R R A L A V E R N E G O L F C O U R S E15

Nearby Universities & Colleges

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© 2018 Google

© 2018 Google

© 2018 Google

WHE

ELER

AVE

ESPE

RANZ

A DR

BASELINE RD

210

SUBJECT SITE

1 OAK MESA Great Schools RatingELEMENTARY SCHOOL | K-5

5200 Wheeler Ave9

out of 10La Verne, CA 91750Tel: (909) 971-8209BONITA UNIFIED SCHOOL DISTRICT

2 RAMONA Great Schools RatingINTERMEDIATE SCHOOL | 6-8

3490 Ramona Ave9

out of 10La Verne, CA 91750Tel: (909) 971-8260BONITA UNIFIED SCHOOL DISTRICT

3 BONITA Great Schools RatingHIGH SCHOOL | 9-12

3102 D St9

out of 10La Verne, CA 91750Tel: (909) 971-8220BONITA UNIFIED SCHOOL DISTRICT

OAK MESAELEMENTARY

1

RAMONAINTERMEDIATE

2

BONITAHIGH

3

H 16

TitleAssigned Schools

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P O P U L A T I O N ( 2 0 1 8 ) W E A T H E R

Source: intellicast.comSource: Zonda

Total Population

No. of Households

Median Household Income

Homeownership Rate

January Average

July Average

Precipitation

32,578

11,875

$86,669

74.7%

High 68º, Low 42º

High 89º, Low 59º

February 4.05”

State

County

Mayor

Incorporated

Website

C a l i f o r n i a

L o s A n g e l e s

D o n K e n d r i c k

A u g u s t 2 0 , 1 9 0 6

c i . l a - v e r n e . c a . u s

Source: wikipedia.org

LA VERNE

Source: Zonda; US Census; Nielsen; Meyers Research LLC

Historical Annual Growth

Forecasted Annual Growth

0.6%

0.6%

T O T A L P O P U L A T I O N

32,578M A J O R E M P L O Y E R SAccording to the City’s 2017 Comprehensive Annual Financial Report, the top employers in the city are:

1 Bonita Unified School District 400

2 University of La Verne 500

3 Metropolitan Water District 388

4 Brethren Hillcrest Homes 275

5 City of La Verne 216

6 Target 200

7 Gilead Sciences, Inc. 175

8 Kohls 140

9 Vons 140

10 Stater Brothers 78

Source: City of La Verne; 2016-2017 CAFR

40 ,000

38 ,000

36 ,000

34 ,000

32 ,000

30 ,000

28 ,000

26 ,000

24 ,000

22 ,000

20 ,0002000 2010 2017F 2022F

S I E R R A L A V E R N E G O L F C O U R S E17

City of La Verne Info & Demographics

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w w w . h o f f m a n l a n d . c o m

Southern California Office

18881 Von Karman Avenue, Suite 150

Irvine, California 92612

T (949) 553-2020

Coachella Valley Office

777 E Tahquitz Way, Suite 200

Palm Springs, California 92262

T (760)969-7357

Northern California Office

3447 Mt Diablo Boulevard

Lafayette, California 94549

T (925) 954-1804

Nevada Office

9205 W Russell Rd, Suite 235

Las Vegas, Nevada 89148

T (702) 793-04370

The

Hoffman

Company

Leading the LandBrokerage IndustryC A L I F O R N I A + N E V A D A