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8642-8644-8626 Arrow Rte Rancho Cucamonga, CA 91730 Offering Memorandum

8642-8644-8626 Arrow Rte Rancho Cucamonga, CA 91730 ...€¦ · PROPERTY DETAILS 4 Property Address 8642-8644-8626 Arrow Rte, Rancho Cucamonga, CA 91730 Price $1,290,000 APN 0207

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Page 1: 8642-8644-8626 Arrow Rte Rancho Cucamonga, CA 91730 ...€¦ · PROPERTY DETAILS 4 Property Address 8642-8644-8626 Arrow Rte, Rancho Cucamonga, CA 91730 Price $1,290,000 APN 0207

8642-8644-8626 Arrow RteRancho Cucamonga, CA 91730

Offering Memorandum

Page 2: 8642-8644-8626 Arrow Rte Rancho Cucamonga, CA 91730 ...€¦ · PROPERTY DETAILS 4 Property Address 8642-8644-8626 Arrow Rte, Rancho Cucamonga, CA 91730 Price $1,290,000 APN 0207

CONFIDENTIALITY & DISCLAIMER

All materials and information received or derived from KW Executive/KW Commercial its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty as to completeness, veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the property for any party’s intended use or any and all other matters. Neither KW Executive/KW Commercial its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such party. KW Executive/KW Commercial will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third-party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. KW Executive/KW Commercial makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. KW Executive/KW Commercial does not serve as a financial advisor to any party regarding any proposed transaction. All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual Data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions, vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed in compliance with all applicable fair housing and equal opportunity laws. We obtained the information above from sources we believe to be reliable.However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction

PRESENTED BY

Jennie Ching Michael Wu

310-779-5376 626-945-0000

[email protected] [email protected]

DRE# 02018566 DRE# 01935920

KW Executive 388 E. Valley Blvd #106 Alhambra, CA 91801

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Page 3: 8642-8644-8626 Arrow Rte Rancho Cucamonga, CA 91730 ...€¦ · PROPERTY DETAILS 4 Property Address 8642-8644-8626 Arrow Rte, Rancho Cucamonga, CA 91730 Price $1,290,000 APN 0207

EXECUTIVE SUMMARY

• 3-lot, 1.234-acre lot located in a strong residential area

• Medium Density zone, up to 14 du per acre can be built

• “One of the Best places to Live” by Money Magazine in 2006

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Page 4: 8642-8644-8626 Arrow Rte Rancho Cucamonga, CA 91730 ...€¦ · PROPERTY DETAILS 4 Property Address 8642-8644-8626 Arrow Rte, Rancho Cucamonga, CA 91730 Price $1,290,000 APN 0207

PROPERTY DETAILS

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Property Address 8642-8644-8626 Arrow Rte, Rancho Cucamonga, CA 91730

Price $1,290,000

APN 0207-201-10-0000, 0207-201-11-0000, 0207-201-24-0000

Zone Medium Density

Investment Type Development Opportunity

Size 1.234 AC

KW Commercial is proud to present a 3-lot, 1.23 AC vacant land located in a strong residential area in the city of Rancho Cucamonga, “One of the Best places to Live” list by Money Magazine in 2006.

The property is Zoned M Medium Density. Per Rancho Cucamonga Zoning District, medium density lot has the possibility to build up to 14 homes per acre.

Page 5: 8642-8644-8626 Arrow Rte Rancho Cucamonga, CA 91730 ...€¦ · PROPERTY DETAILS 4 Property Address 8642-8644-8626 Arrow Rte, Rancho Cucamonga, CA 91730 Price $1,290,000 APN 0207

Rancho Cucamonga General Plan Map

8642-8644-8626 Arrow Rte: 1.234 ACMedium Density Zone: 8 – 14 du / Acre

Page 6: 8642-8644-8626 Arrow Rte Rancho Cucamonga, CA 91730 ...€¦ · PROPERTY DETAILS 4 Property Address 8642-8644-8626 Arrow Rte, Rancho Cucamonga, CA 91730 Price $1,290,000 APN 0207

LOCATION

Rancho Cucamonga was listed as “One of the Best places to Live” by Money Magazine in 2006

Page 7: 8642-8644-8626 Arrow Rte Rancho Cucamonga, CA 91730 ...€¦ · PROPERTY DETAILS 4 Property Address 8642-8644-8626 Arrow Rte, Rancho Cucamonga, CA 91730 Price $1,290,000 APN 0207

CITY OF RANCHO CUCAMONGA

With a population of over 175,000, Rancho Cucamonga is one of the largest cities in the Inland Empire, with a steady rate of population growth. The city is brimming with sports and cultural attractions, distinctive restaurants, local museums and historical landmarks, various residential options, diverse shopping experiences and exciting outdoor options. Residents enjoy the countless amenities, with the knowledge that their safety is being ensured by the city’s nationally recognized public safety departments. Rancho Cucamonga’s affordability and high quality of life have made it a top destination for skilled and available talent in SoCal, drawing from the well-educated regional workforce.

Diverse LivingAs one of the few communities in Southern California that anticipated that many of the incoming executives, professionals, and seniors would prefer to live in high quality condo or apartment settings, Rancho Cucamonga has positioned itself to be one of the top Inland Empire destinations for SoCal’s migrating coastal residents. The ratio of attached housing in Rancho Cucamonga is nearly ten percent more than the average for the Inland Empire as a whole. While the city is invested in continuing to develop high quality single family housing for existing residents, it also recognizes the need to expand the types of living accommodations available to the increasingly diverse civic population. Whether residents are choosing to live in single-family homes, apartments, or condos, one factor

unites them all: Rancho Cucamonga residents are living in larger, newer, and nicer homes then they could afford in coastal counties.

*Source: Rancho Cucamonga demographics-Economic and Community Profile

Page 8: 8642-8644-8626 Arrow Rte Rancho Cucamonga, CA 91730 ...€¦ · PROPERTY DETAILS 4 Property Address 8642-8644-8626 Arrow Rte, Rancho Cucamonga, CA 91730 Price $1,290,000 APN 0207

POPULATION & DEMOGRAPHICS

Rancho Cucamonga’s emergence as a center for job growth is primarily the result of a migration from the Southland’s congested and expensive coastal counties. In the Inland Empire, migration is responsible for 70% of the population growth, with 82% of the migration being domestic and localized. In the 1970’s and 1980’s the region saw dramatic population growth as a result of people seeking more affordable housing options, and businesses wanting more manufacturing and distribution space. Today, the continuous inland migration of young and skilled technicians, professionals, and executives to Rancho Cucamonga is creating a labor pool that is able to meet the demands of high technology firms, large professional organizations, and regional corporate headquarters.

*Source: Rancho Cucamonga demographics-Economic and Community Profile