MOUNTAIN RIDGE EST A TES · 2017. 6. 6. · MOUNTAIN RIDGE EST A TES SFR ESTATE LOTS EUESTRIAN USE...

MOUNTAIN RIDGE E S T A T E S

13 SFR ESTATE LOTS (EQUESTRIAN USE PERMITTED)

Granada Hills | City of Los Angeles

18881 Von Karman Avenue, Suite 150

Irvine, California 92612

T 949.553.2020 | F 949.553.8449

www.hoffmanland.com

CA BRE #01473762

Southern California Office Broker Contact

Sarah Bockhorst, CA BRE #01910373

T 949.705.0911 | [email protected]

Bryant Brislin, CA BRE #01877964

T 949.705.0915 | [email protected]

OFFERING MEMORANDUM

The

Hoffman

Company

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

SESNON BLVD

MAHONEY PL

HIGHWATER RD

REXBON RD

MAYERLING ST

WOODRANCH RD

DisclaimerThe 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 Granada Hills, 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.

Property Overview

Aerials & Maps

Area Overview

Market Overview

4 - 12

13 - 20

21 - 23

24 - 28

Table of Contents

1

2

3

4

1Property Overview

5\ \

1Property Overview

MOUNTAIN RIDGE ESTATES | GRANADA HILLS, CAThe

Hoffman

Company

OFFERING MEMORANDUM

Site Detail

P R O P E R T Y O V E R V I E WMountain Ridge Estates is a unique homebuilder opportunity to develop upscale housing on 1+ acre lots. The site consists of ±21 acres with an approved tentative tract map for 13 estates. These are zoned to permit equestrian uses with horse keeping areas designated on each lot. The Granada Hills neighborhood is essentially a built-out area with hardly any new housing supply. This would be a great opportunity to build new homes in a land-constrained submarket.

A D D R E S S17900 Bull Canyon Road, Granada Hills CA 91344

A S S E S S O R ’S PA R C E L N U M B E R2601-025-030

AC R E AG EApproximately 21 acres

LOT S I Z E S43,577-73,019 sf with an average of approx. 52,228 sf

PA D S I Z E S14.650-22,840 with an average of approx. 17,985 sf

A R C H I T E C T U R A L P L A N SAvailable house plans range from approximately 4,337-4,824 sq ft. (see page 6)

H O R S E K E E P I N G A R E A S2,020-3,000 sf with an average of approx. 2,269 sf

P L A N N E D P R O J E C T13 large lots zoned to permit equestrian uses plus 1 open space lot.

E N T I T L E M E N T S• Approved Tentative Tract Map #60226- expires on 4/5/2019• Final Map has gone through 4 plan checks• Grading Plans have gone through 1 LADBS plan check• BOE Street/Storm Drain Plans- Gone through 1 plan check• BOE Sewer Plans- Gone through 1 plan check• Hydrology Study- completed & stamped• Geotech Report finished• Water Plans- prepared/constructed by LADWP. Will Serve letter available• Landscape Plans prepared• Easements have been recorded

CO S T TO CO M P L E T ESome cost estimates are available upon request

P R I C E$1,950,000

S C H O O L SStudents residing in Mountain Ridge Estates will attend the following schools in the Los Angeles Unified School District:• El Oro Elementary 9/10 Great Schools Rating

12230 El Oro Way, Granada Hills, CA 91344

• Frost Middle School 8/10 Great Schools Rating 12314 Bradford Place Granada Hills, CA 91344

• Granada Hills Charter High School 10/10 Great Schools Rating 10535 Zelzah Avenue, Granada Hills, CA 91344

AG E N T CO N TAC T

Sarah Bockhorst

CA BRE #01910373

T 949.705.0911

[email protected]

Bryant Brislin

CA BRE #01877964

T 949.705.0915

[email protected]

6\ \

1Property Overview


Hoffman

Company

OFFERING MEMORANDUM

Lot & Pad Area

Lot No. Lot Area Pad Area HKA

1

2

3

4

5

6

7

8

9

10

11

12

13

Average

43,680

43,728

48,097

50,861

52,164

53,309

55,059

59,837

73,019

67,174

43,614

43,577

44,846

52,228

143,481

20,450

17,500

17,660

15,350

15,070

15,780

14,650

15,900

19,060

22,480

18,870

20,080

20,950

17,985

Open Space

2,020

2,510

2,640

2,160

2,160

3,000

2,040

2,100

2,350

2,080

2,110

2,130

2,200

2,269

1

2

3

4

5

6

7

8

9

10

11

12

13

7\ \

1Property Overview


Hoffman

Company

OFFERING MEMORANDUM

Architectural Plans | Lot Fit Study

LEGEND

HOUSE PLAN #1 - 4,337 SQ FT



8\ \

1Property Overview


Hoffman

Company

OFFERING MEMORANDUM

Plan One First Floor - 1,816 SQ FT

Second Floor - 2,521 SQ FT

9\ \

1Property Overview


Hoffman

Company

OFFERING MEMORANDUM

Plan TwoFirst Floor - 3,571 SQ FT

10\ \

1Property Overview


Hoffman

Company

OFFERING MEMORANDUM

Plan TwoSecond Floor - 1,179 SQ FT

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1Property Overview


Hoffman

Company

OFFERING MEMORANDUM

Plan ThreeFirst Floor - 2,305 SQ FT

12\ \

1Property Overview


Hoffman

Company

OFFERING MEMORANDUM

Plan ThreeSecond Floor - 2,519 SQ FT

2Aerials &

Maps

14\ \ MOUNTAIN RIDGE ESTATES | GRANADA HILLS, CAThe

Hoffman

Company

OFFERING MEMORANDUM

2Aerials & Maps

MAYER

LING

ST

HIGHWATER RD

BULL CYN RD

MAHONEY PL

DELAN

TE WAY

Close Up Aerial


Hoffman

Company

OFFERING MEMORANDUM

2Aerials & Maps

MAYER

LING

ST

HIGHWATER RD

BULL CYN RD

MAHONEY PL

DELAN

TE WAY

Close Up Aerial With Overlay


Hoffman

Company

OFFERING MEMORANDUM

2Aerials & Maps

Vicinity Map

118

FROSTMIDDLE SCHOOL

2 EL OROELEMENTARY SCHOOL

1

CHATSWORTH ST

DEVONSHIRE ST

RINALDI ST

SAN FERNANDO MISSION BLVD

WO

OD

LEY AVE

BALB

OA BLVD

LOU

ISE AVE

WH

ITE OAK AVE

ZELZAH AVE

RESEDA B

LVD

WILB

UR

AVE

HAYVEN

HU

RST AVE

TAMPA AVE

CORBIN AVE

MASO

N AVE

SESNON BLVD

KNOLLWOODGOLF COURSE

KNOLLWOOD PLAZA

COMING SOON

PORTER RANCH TOWN CENTER

GRANADA HILLS CHARTER

HIGH SCHOOL

3

The

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CompanyThe

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Company

The

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Company

The

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The

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The

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Hoffman

Company

OFFERING MEMORANDUM

2Aerials & Maps

Parks & Recreation

RINALDI ST

HASK

ELL AVE

WO

OD

LEY AVE

BALB

OA BLVD

LOU

ISE AVE

WH

ITE OAK AVE

ZELZAH AVER

ESEDA BLVD

HAYVEN

HU

RST AVE

405

118

5

PORTER RIDGE PARK

ZELZAH PARK

GRANADA HILLS YOUTH RECREATION

ALISO CANYON PARK

O’MELVENY PARK




Hoffman

Company

OFFERING MEMORANDUM

2Aerials & Maps

Approved (Revised) Tentative Tract Map No 60226


Hoffman

Company

OFFERING MEMORANDUM

2Aerials & Maps

Assessor’s Parcel Map


Hoffman

Company

OFFERING MEMORANDUM

2Aerials & Maps

Zimas Zoning Map


3Area

Overview


Hoffman

Company

OFFERING MEMORANDUM

3Area Overview

City Info & Demographics

C I T Y O F L O S A N G E L E S

CaliforniaState

County

Mayor

Incorporated

Website

Historical Annual Growth

Forecasted Annual Growth

0.7%

0.8%

California

Los Angeles

Eric Garcetti

April 4, 1850

www.lacity.org

GRANADA HILLS POPULATION (2016) TOP SCHOOLS BY API SCORE

WEATHER

TOTAL POPULATION

Source: wikipedia.org and beaumont.ca.us Source: wikipedia.org and weather.com

Source: Zonda Source: Zonda

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

53,306

Total Population

No. of Households

Household Income

Homeownership Rate

Median Age

School

Elementary: Van Gogh Charter School

Middle: Robert Frost

High: Granada Hills Charter School

January Average

July Average

Precipitation

53,306

17,182

$78,986

75.1

42.3

2013 API

935

874

885

High 69º, Low 39º

High 95º, Low 57º

High Feb 4.8”, Low Jul 0.0”Granada Hills

CITY MOTO

“ The Valley’s Most Neighborly Town”


Hoffman

Company

OFFERING MEMORANDUM

3Area OverviewW

OO

DLEY AVE

BALB

OA BLVD

LOU

ISE AVE

WH

ITE OAK AVE

ZELZAH AVE

RESEDA B

LVD

HAYVEN

HU

RST AVE


118

FROSTMIDDLE SCHOOL

2EL ORO

ELEMENTARY SCHOOL

1

GRANADA HILLS CHARTER

HIGH SCHOOL

3

Area Schools Exhibit

El Oro Way CharterELEMENTARY SCHOOL | K-5

12230 El oro Way

Los Angeles, CA

Tel: (818) 360-2288

LOS ANGELES UNIFIED SCHOOL DISTRICT

Robert Frost MIDDLE SCHOOL | 6-8

12314 Bradford Place

Los Angeles, CA

T (818) 832-6900


Granada HillsHIGH SCHOOL | 9-12

10535 Zelzah Avenue

Los Angeles, CA

Tel: (818) 360-2361


1

2

3

GreatSchoolsRating

9out of 10

GreatSchoolsRating

8out of 10

GreatSchoolsRating

10out of 10


4Market

Overview


Hoffman

Company

OFFERING MEMORANDUM

4Market Overview

Actively Selling Projects (Minimum 8,000 sq ft lots)

118

SESNON BLVD

RINALDI ST

MAS

ON

AVE

POR

TER R

ANCH

DR

TAM

PA A

VE

BELLA VISTA/BLUFFS COLLECTION

CANYON OAKS

WESTCLIFFE

MINIMUM 1 ACRE SIZED LOTS

PROJECT NAME BUILDERMAP NO. AVERAGE LOT SIZE PRICE RANGE

Bella Vista/Bluffs Collection

Westcliffe

Canyon Oaks

Toll Brothers

Toll Brothers

Toll Brothers

1

2

3

8,000 sq ft

10,000 sq ft

21,780 sq ft

$1,094,995-$1,139,995

$1,299,995-$1,699,995

$1,399,995-$1,669,995

TOTAL LOTS

69

107

94

SALES SINCE OPENING

AVERAGE SALES RATE

57

26

14

1.82

1.36

1.13

OPENING DATE

11/1/2014

10/17/2015

10/1/2016

The

Hoffman

Company

The

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Company

The

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Company

The

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Company

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Company

The

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Hoffman

Company

OFFERING MEMORANDUM

4Market Overview

Price Data and Graph for Competing Projects

JUNE 2017 | Source:

CHART KEY PROJECT NAME

Bella Vista/Bluff Collection

Westcliffe

Canyon Oaks

BUILDER

Toll Brothers

Toll Brothers

Toll Brothers


Hoffman

Company

OFFERING MEMORANDUM

4Market Overview

Nearby Re-Sale Comparables | Minimum 20,000 sq ft lots & 2,500 sq ft home

APN

2601-067-018

2601-067-010

2601-070-009

2601-040-094

2870-023-039

2601-035-041

2601-038-054

2601-073-014

2601-075-070

2601-075-060

2601-075-023

2601-036-032

2601-036-033

2601-029-019

SALE DATE

5/2/2017

4/28/2017

3/24/2017

3/6/2017

1/20/2017

1/4/2017

12/12/2016

10/5/2016

10/4/2016

9/2/2016

7/27/2016

7/26/2016

7/1/2016

6/15/2016

AVERAGE

SALES PRICE

$1,130,000

$1,325,000

$1,487,000

$1,105,000

$839,000

$1,090,000

$1,298,000

$1,200,000

$1,400,000

$1,100,000

$1,475,000

$960,000

$1,100,000

$800,000

$1,164,929

BUILDING SQ/FT

2,994

4,416

4,231

3,857

3,191

2,709

7,487

4,388

4,937

4,937

4,937

2,996

3,086

5,613

4,270

LOT SQ/FT

20,314

21,565

23,176

36,466

22,437

35,815

31,281

29,213

38,404

20,105

48,400

25,029

36,831

45,093

31,009

YEAR BUILT

1995

1997

2004

2000

1985

1956

1992

2003

2008

2007

2007

1971

1972

2015

1994

SITE ADDRESS

17923 CANYON COVE PL

17841 MOUNTAIN RANCH RD

12027 CREEKVIEW RD

11727 LOIS CT

11847 EDDLESTON DR

11514 NEWCASTLE AVE

11566 VIMY RD

12109 BELLANDO CT

12334 LONGACRE AVE

12448 LONGACRE AVE

18506 OLDENBURG LN

17852 RIDGEWAY RD

11633 LERDO AVE

17969 MAYERLING ST

NO.

1

2

3

4

5

6

7

8

9

10

11

12

13

14

Numbers correspond to location map on the following page.


Hoffman

Company

OFFERING MEMORANDUM

4Market Overview

Re-Sale Comparables Location Map

1

9

5

4

11

1213

14

7

23

6

10

MAYERLING ST

RESEDA BLVD

RINALDI ST

BALB

OA BLVD

SHO

SHO

NE AVE

NUGENT DR

118

81 MILE


Disclaimer: The information contained herein is provided from sources deemed reliable. The Hoffman Company does not guarantee the accuracy of any of the information herein. All information should be independently verified.

Southern California Office

18881 Von Karman Avenue, Suite 150

Irvine, California 92612

T 949.553.2020 | F 949.553.8449

www.hof fmanland.comTHE HOFFMAN COMPANY

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

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

MOUNTAIN RIDGE EST A TES · 2017. 6. 6. · MOUNTAIN RIDGE EST A TES SFR ESTATE LOTS EUESTRIAN USE...

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Transcript of MOUNTAIN RIDGE EST A TES · 2017. 6. 6. · MOUNTAIN RIDGE EST A TES SFR ESTATE LOTS EUESTRIAN USE...