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La Sierra Avenue & Victoria Avenue, Riverside, CA 925038.81 acres approved for 14 high-end lots
o Rare Development Approved for 14 Half Acre Lots (TTM 37764) o Final Map Ready to Record o Final Engineering Complete o Ideally Located Near Major Retail Centers, Schools and the 91 Freeway, I-15 and I-215
ASKING PRICE: $2,395,000
AL [email protected] Lic#01323215
MATT [email protected] Lic#01367183
subjectproperty
ArizonaMiddle SchoolAlan Orrenmaa
Elementary School
HillcrestHigh School
Victoria Ave
Victoria Ave
La Sierra Ave
La Sierra Ave
KaiserKaiserPermanentePermanente
22
LEE & ASSOCIATES HEREBY ADVISES ALL PROSPECTIVE PURCHASERS AS FOLLOWS:
The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Lee & Associates has not and will not verify any of this information, nor has Lee & Associates conducted any investigation regarding these matters. Lee & Associates makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided.
As the Buyer of real estate, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this opportunity. Lee & Associates expressly denies any obligation to conduct a due diligence examination of this Property for Buyer. Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance or value of this property. The value of the property to you depends on factors that should be evaluated by you and your tax, financial, consultants and legal advisors. Buyer and Buyer’s tax, financial, legal, consultants and all advisors should conduct a careful, independent investigation of any property to determine to your satisfaction the suitability of the property for your needs.
Like all real estate, this property carries significant risks. Buyer and Buyer’s consultants, legal and financial advisors must request and carefully review all legal and documents related to the property. Any info provided including fees and costs are not guaranteed and should be verified by Buyer. These figures are subject to change at any time based on market, economic, environmental or other conditions. Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any potential development or use of the property. By accepting this Marketing Brochure you agree to release Lee & Associates and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.
contents4 aerials
7 location map
8 property information
9 tract map
10 development impact fees
11 rough grading
12 document links
13 new home sales comparables
14 education
15 demographics
16 plat map
aerial
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NN
Victoria Ave
Victoria Ave
La Sierra Ave
La Sierra Ave
Millsweet Pl
Millsweet Pl
subjectproperty
aerial
5
NN
5
subjectproperty
NN
Victoria Ave
Victoria Ave
La Sierra Ave
La Sierra Ave
ArizonaMiddle School
Alan Orrenmaa Elementary School
HillcrestHigh School
aerial
6
Old Date St
Old Date St
NN
Approved Rancon Approved Rancon 7-Eleven & Carwash7-Eleven & Carwash
LakeMathews
Alan Orrenmaa Elementary School
HillcrestHigh School
Metrolink
Metrolink
subjectsubjectpropertyproperty
ArizonaMiddle School
Vic
toria
Ave
Vic
toria
Ave
La Sierra AveLa Sierra Ave
777
location map
77 MIRA LOMA
EASTVALE
NORCO
CORONA HOME GARDENS
EL CERRITO
WOODCREST
MEAD VALLEY
JURUPA VALLEY
7
60
60
91
91
83
71
ARLINGTON
LA SIERRA
HIGHGROVE
RIVERSIDE BOX SPRINGS MOUNTAIN RESERVE
LAKE MATHEWS
N
MISSION GROVE
Tyler St
M
cAllister Pkwy
Victoria Ave
Indiana Ave
La Victoria Ave
sale comparables
8
property informationlocation:The property is located in La Sierra South on the east side of the Victoria Avenue and La Sierra Avenue intersection in Riverside, CA 92503. The property is approximately 1 mile south of the 91 Freeway and 2.2 miles north of Lake Mathews.
property description:Approximately 8.81 acres of land with an orange grove. Approved map for 14, half acre lots. Lots can be used as a main house and a separate In Law Suite around 1,000 sf in back yard for combined families.
jurisdiction:City of Riverside
apn: 136-220-016-00
acreage:8.81 Acres
zoning:Single Family Residential (R-1-1/2 acre)Click Here to View Zoning
general plan:Low Density Residential (LDR)Click Here to View General Plan
max density:2 DU/Acre or 4.1- 6 DU/Acre with a Planned Residential Development Permit (PRD)
topography:Flat
min. lot size:21,780 SF
max height:35’
entitlements:Approved TTM with all final engineering complete. Buyer to pay fees, post bonds and record final map.
estimated improvement fees:Approximately $93,000 per LotClick Here to View Cost Estimates
estimated development impact fees:Approximately $39,361 per Lot
school district: Alvord Unified School District
services: Electric So Cal Edison Co.Gas So Cal Gas Co.Water/Sewer Western Municipal Water DistrictFire City of Riverside Fire DepartmentPolice Riverside Police Department
ASKING PRICE:$2,395,000
Victoria
Ave
Victoria
Ave
La Sierra Ave
La Sierra Ave
9
Amount$15,749$1,305
Water Service Fees* $2,250Sewer Capacity Fee $4,284Storm Drain Fee $1,267Traffic and Railroad Signal Mitigation Fee $190
$525$9,146$4,646
$39,361.80
*Assumes 3/4 inch meter.
Transportation Uniform Mitigation FeePark Fee
TOTAL PER SFD
Estimated Development Impact FeesPer Approximate 3,860 SF Residence
ItemSchool Fee ($4.08/SF)Water Connection*
Transportation Impact Fee
development impact fees
10
tract map
11
rough grading plans
12
document links
DEVELOPMENTAL STANDARDS
HABITAT ASSESSMENT
ROUGH GRADING PLAN
SEWER COVERAGE
CLICK TO VIEW DOCUMENT LINKS
SOILS REPORT
STREET IMPROVEMENT PLAN
WATER IMPROVEMENT PLANS
13
new home sale comparables
project name: Citrus Heights/Floral Ridge PepperTree Ranch Tramonte Bella Vista Estates/
Orchard View
builder name: Lennar Pacific Horizon Homes City Ventures Griffin Residential
city: Riverside Riverside Riverside Riverside
open date: 3/28/2018 8/10/2019 6/30/2018 1/27/2018
product type: Detached Detached Detached Detached
typical lot size: 14,000 21,780 14,250 20,625
min. unit size: 2,391 3,100 3,550 3,315
max. unit size: 4,830 3,400 5,300 4,442
min. price: $641,901 $772,900 $663,990 $839,990
max. price: $802,000 $797,500 $780,990 $1,309,990
min. price psf: $166.05 $234.56 $147.36 $196.04
max price psf: $268.47 $249.32 $187.04 $294.00
total units: 104 10 165 15
total units remaining: 84 1 92 0
units sold: 20 9 73 15
zip code: 92503 92505 92503 92503
14
2
1
3
Arizona Middle School11045 Arizona AvenueRiverside, CA 92503
814 API
Hillcrest High School11800 Indiana AvenueRiverside, CA 92503
765 API
Allan Orrenmaa Elementary School3350 Fillmore StreetRiverside, CA 92503
789 API
alvord unified school districtIn Alvord Unified School District, we believe that everyone has the right to a world-class education. We are honored to serve a community enriched by its diversity, encompassing the western portion of the City of Riverside, the eastern portion of the City of Corona, and segments of incorporated parts of Riverside County. Daily, each of our 23 schools provides our nearly 20,000 students with the relevant, engaging, and innovative learning experiences necessary to inspire them to fulfill their own unlimited potential.
Using an asset-based approach and building on the belief that excellence is within everyone, we seek students’ voice and empower teachers to lead as we support a collective focus on Literacy and Equity. Literacy is a vital component of college and career readiness, and our district-wide plan outlines the steps necessary to ensure that students gain the ability to read, write, and communicate with competence and confidence in the 21st century.
As a learning organization committed to addressing the unique needs of each student, Alvord is proud to offer and grow a number of programs such as Dual Language Immersion (DLI), International Baccalaureate (IB), Project Lead The Way (PLTW), Advancement Via Individual Determination (AVID), Science, Technology, Engineering and Math (STEM), Alliance for a Healthier Generation, and a music program beginning with instrumental music in the elementary grades, each taught by dedicated, highly qualified teachers.
Capitalizing on the belief that success is our shared responsibility, we empower every individual to collectively transform the educational landscape.
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Source: https://www.alvordschools.org/domain/43
subjectsubjectpropertyproperty
1
education
15
2020 demographics
total employees
1,395 total employees
30,822 total employees
68,318
population
13,060
average household income
$138,534
median household income
$101,397
estimated households
3,817 estimated households
29,688 estimated households
65,120
average household income
$96,871
median household income
$75,625
average household income
$90,145
median household income
$73,242
population
99,305population
223,829
5 miles3 miles1 mile
16
parcel mapTax Map , , CA
Tax Map , , CA 6/26/2020 Page 1 (of 1)
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Limitation of Liability for Informational ReportIMPORTANT – READ CAREFULLY:THIS REPORT IS NOT AN INSURED PRODUCT OR SERVICE OR A REPRESENTATION OF THE CONDITIONOF TITLE TO REAL PROPERTY. IT IS NOT AN ABSTRACT, LEGAL OPINION, OPINION OF TITLE, TITLE INSURANCE COMMITMENT ORPRELIMINARY REPORT, OR ANY FORM OF TITLE INSURANCE OR GUARANTY. THIS REPORT IS ISSUED EXCLUSIVELY FOR THE BENEFITOF THE APPLICANT THEREFOR, AND MAY NOT BE USED OR RELIED UPON BY ANY OTHER PERSON. THIS REPORT MAY NOT BEREPRODUCED IN ANY MANNER WITHOUT FIRST AMERICAN’S PRIOR WRITTEN CONSENT. FIRST AMERICAN DOES NOT REPRESENT ORWARRANT THAT THE INFORMATION HEREIN IS COMPLETE OR FREE FROM ERROR, AND THE INFORMATION HEREIN IS PROVIDEDWITHOUT ANY WARRANTIES OF ANY KIND, AS-IS, AND WITH ALL FAULTS. AS A MATERIAL PART OF THE CONSIDERATION GIVEN INEXCHANGE FOR THE ISSUANCE OF THIS REPORT, RECIPIENT AGREES THAT FIRST AMERICAN’S SOLE LIABILITY FOR ANY LOSS ORDAMAGE CAUSED BY AN ERROR OR OMISSION DUE TO INACCURATE INFORMATION OR NEGLIGENCE IN PREPARING THIS REPORTSHALL BE LIMITED TO THE FEE CHARGED FOR THE REPORT. RECIPIENT ACCEPTS THIS REPORT WITH THIS LIMITATION AND AGREESTHAT FIRST AMERICAN WOULD NOT HAVE ISSUED THIS REPORT BUT FOR THE LIMITATION OF LIABILITY DESCRIBED ABOVE. FIRSTAMERICAN MAKES NO REPRESENTATION OR WARRANTY AS TO THE LEGALITY OR PROPRIETY OF RECIPIENT’S USE OF THEINFORMATION HEREIN.
Lee & Associates, Inc - North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA 92008 | T: 760.929.9700 F: 760.929.9977 | www.lee-associates.com/sandiegonorth
for more information, please contact
MATT [email protected] Lic#01367183
AL [email protected] Lic#01323215
