POTENTIAL ± 12 SFR LOTS...Electric: Southern CA Edison Company (800) 655-4555 Gas: Southern CA Gas...

18881 Von Karman Ave Ste 150, Irvine, California 92612

T (949) 553-2020 | www.hoffmanland.com | CA BRE #01473762

Southern California Office Agent Contact

Bryant Brislin, CA BRE #01877964

C (714) 814-5624 | [email protected]

Sarah Bockhorst, CA BRE #0191037

T (949) 705-0911 | sbockhorst@hoffmanland.

EXCLUSIVE OFFERING MEMORANDUM

TheHoffmanCompany

POTENTIAL ±12 SFR LOTS2.4 Acres

City of Fontana | San Bernardino County, CA

CARO

B AVE

SAN BERNARDINO AVE

BEEC

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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 Fontana, County of San Bernardino, 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 & Photos

Area Overview

Market Overview

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12-15

Table of Contents

CAROB AVE

SAN BERNA

RDINO AVE

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1Property Overview

POTENTIAL ±12 SFR LOTS | FONTANATheHoffmanCompany


Site Detail

Address9755 Carob, Fontana, CA 92335

LocationLocated in the heart of Fontana off San Bernardino and Carob Avenue.

Parcel SummaryAPN Acres0235-052-09 2.40

JurisdictionCity of Fontana

Zoning Single Family (R-1) | up to 5 DU/acre

General Plan DesignationSingle Family Residential (R-SF) | 2.1-5 DU/acre

TopographyFlat

EntitlementsNo approved map or plans- essentially raw land

UtilitiesWater: Fontana Water Company (909) 822-2201Sewer: City of Fontana- Sewer Service (909) 350-7670Electric: Southern CA Edison Company (800) 655-4555Gas: Southern CA Gas Company (800) 427-2200

City PlanningFontana Planning Department- (909) 350-6718

Price & Terms$600,000 – Tenant currently residing on property (do not disturb tenant)

SchoolsFontana Unified School DistrictContact: fusd.net• (K-6) Poplar Elementary School

9937 Poplar Avenue Fontana, CA 92335• (7-8) Sequoia Middle School

9452 Hemlock Avenue Fontana, CA 92335• (9-12) Henry J Kaiser High School

11155 Almond Avenue Fontana, CA 92337

Agent ContactBryant Brislin Sarah BockhorstCA BRE #01877964 CA BRE #01910373C (714) 814-5624 T (949) [email protected] [email protected]

THE HOFFMAN COMPANY18881 Von Karman Avenue, Suite 150Irvine, California 92612T (949) 553-2020CA CORP BRE #01473762www.hoffmanland.com

Project SummaryLocated in the heart of Fontana, this site consists of ±2.40 acres of flat, vacant land with a leased single family home built in 1936. The

property is zoned R-1 which allows up to 5 dwelling units per acre, or a potential of ±12 single family residential homes on approximately

7,000 sq ft lots. The site is close to many amenities and local entertainment including the auto-club speedway and the shops at nearby

Victoria Gardens and Ontario Mills.

5 POTENTIAL ±12 SFR LOTS | FONTANATheHoffmanCompany


2Aerials, Maps & PhotosClose Up Aerial

CAR

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SAN BERNARDINO AVE

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2Aerials, Maps & Photos

SUBJEC T SITE

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SAN BERNARDINO AVE

FOOTHILL BLVD

Vicinity Aerial

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2Aerials, Maps & PhotosAssessor’s Parcel Map



2Aerials, Maps & PhotosGoogle Street View Property Photos

View looking northeast from Carob Aveue

View looking southeast from Carob Aveue



3Area OverviewArea Attractions Map

COLTON

RIVERSIDE

FONTANA

JURUPA VALLEY

ONTARIO

MONTCLAIR

EASTVALE

CHINO

CHINOHILLS

NORCO

UPLAND

CORONA

Ontario Mills Mall

LA/Ontario International Airport

Victoria Gardens

Auto Club Speedway

The Cove /Jurupa Aquatic Center

Jurupa Hills Country Club

Paradise Knolls Golf Course

Galleria at Tyler

Castle Park

Mission Inn Resort & Spa

Downtown Riverside

Riverside City College

University of California, Riverside

Crossings at Corona

Shops at Dos Lagos

Chino Airport

Prado Regional Park

Chino Hills State Park

Mt. Rubidoux

La Sierra University

Silver Lakes Sports Complex

Dos Lagos Golf Course

Champions Club at The Retreat

Points of Interest

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CHINO HILLSSTATE PARK

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PRADO VIEWREGIONAL PARK

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3Area OverviewCity Info & Demographics

CaliforniaStateCounty

Mayor

Incorporated

Website

Historical Annual Growth

Forecasted Annual Growth

1.1%

1.0%

California

San Bernardino

Acquanetta Warren

June 25, 1952

www.fontana.org

Fontana Population (2017)

Weather

Total Population

Source: wikipedia.org Source: almanac.com

Source: Zonda Source: Zonda

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

210,959

Total Population

No. of Households

Median Household Income

Homeownership Rate

Median Age

January Average

July Average

Precipitation

210,959

51,364

$68,267

68.9%

31.0

High 69.9º, Low 48.0º

High 90.0º, Low 60.1º

High Jan 0.00”, Low Aug 0.00”

Fontana Raceway

Source: wikipedia.org

Major EmployersAccording to the City’s 2010 Comprehensive Annual Financial Report, the top

employers in the city are:

1 Kaiser Permanente 5,300

2 Fontana Unified School District 3,939

3 City of Fontana 1,883

4 Target 1,393

5 Manheim Auction 700

6 Better Beverages 500

7 American Security Products 450

8 Coronado Stone Products 400

9 Firth Rixson 380

10 Reddaway ` 350

Fontana



3Area Overview

SUBJEC T SITE

First Elementary School

Second Middle SchoolRANDALL AVE

SLOVER AVE

SAN BERNARDINO AVE

VALLEY BLVD

JURUPA AVE

SIERR

A AVE

CITRU

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1010

BEECH

AVE

CHER

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Third High School

Area Schools Exhibit

PoplarELEMENTARY SCHOOL | K-6

9937 Poplar Ave,

Fontana, CA 92335

Tel: (909) 357-5720

Fontana Unified School District

SequoiaMIDDLE SCHOOL | 7-8

9452 Hemlock Ave,

Fontana, CA 92335

Tel: (909) 357-5400


Henry J. KaiserHIGH SCHOOL | 9-12

11155 Almond Ave,

Fontana, CA 92337

Tel: (909) 357-5900


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ARROW ROUTE



4Market OverviewNew Home Projects

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Map No Project Name Builder Lot Size Unit Size Price Total Lots Sales Since Opening Average Sales Rate Opening/Sold Out Date

Active Project 1 Camino Pacific Lennar 5,886 2414-2791 $466,490-$505,190 152 150 3.55 1/19/2014

Active Project 2 Vista Paseo Lennar 5,616 1940-2409 $439,490-$483,820 247 244 5.71 1/14/2014

Sold Out 3 Almeria Frontier 5,883 2026-2026 $399,990-$399,990 27 27 2.82 3/8/2015

Sold Out 4 Cornerstone/Vintage Lennar 7,000 2033-3404 $569,990-$754,690 70 70 2.80 9/25/2016

Sold Out 5 Cornerstone/Landmark Lennar 6,000 1936-2725 $514,990-$645,771 111 111 4.81 7/29/2016

Sold Out 6 Cornerstone/Heritage Lennar 7,424 1839-3093 $529,990-$749,863 112 112 4.57 9/10/2016

AVERAGE 2,031-2,741 $486,823-$589,887

SUBJEC T SITE

ACTIVE PROJECTACTIVE PROJECTSOLD OUTSOLD OUTSOLD OUTSOLD OUT

SOLD OUT

VINTAGE LANDMARK HERITAGE

@ Cornerstone

AC TIVE PROJEC TS

564

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CAMINO PACIFIC VISTA PASEO

SOLD OUT

ALMERIA

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4Market OverviewNew Home Projects Price Graph

SOURCE: ZONDA

Heritage @ Cornerstone

Landmark @ Cornerstone

Vintage @ Cornerstone

Almeria

Camino Pacific

Vista Paseo



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Nearby Closings(LAST 12 MONTHS, BUILT AFTER 2000, ON MINIMUM 7,000 SQ FT LOTS)

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MERRILL AVE

RANDALL AVE

ARROW BLVD

FOOTHILL BLVD

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Nearby Closings (Last 12 Months, built after 2000, on minimum 7,000 sq ft lots)

MAP SITE ADDRESS YEAR BUILT UNIT SIZE LOT SIZE SALE DATE SALE PRICE

1 9222 Sycamore Ln-Fontana-CA 2007 2,023 7,800 2/27/2017 $383,000

2 9690 Ashton Pl-Fontana-CA 2007 1,907 9,620 2/13/2017 $380,000

3 16015 Hibiscus St-Fontana-CA 2007 2,143 8,454 1/19/2017 $397,000

4 9198 Sycamore Ln-Fontana-CA 2007 2,023 7,860 11/29/2016 $365,000


6 15861 Dianthus St-Fontana-CA 2007 1,911 7,360 10/24/2016 $360,000


AVERAGE $380,714

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4Market OverviewNearby Closings

(LAST 12 MONTHS, BUILT AFTER 2000, ON MINIMUM 7,000 SQ FT LOTS)

*Pictures correspond with the map on page 14

9222 SYCAMORE LANE$383,000 2,023 SQ. FT.

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9198 SYCAMORE LANE$365,000 2,023 SQ. FT.

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9690 ASHTON PLACE$380,000 1,907 SQ. FT.

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16000 HIBISCUS ST$400,000 2,143 SQ. FT.

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15990 HIBISCUS ST$380,000 2,143 SQ. FT.

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16015 HIBISCUS ST $397,000 2,143SQ. FT.

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15861 DIANTHUS ST $360,000 1,911 SQ. FT.

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Southern California Office

18881 Von Karman Avenue, Suite 150

Irvine, California 92612

T 949.553.2020 | F 949.553.8449

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

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

Nevada Office

9205 W Russell Rd, Suite 235

Las Vegas, Nevada 89148

T 702.793.4370

TheHoffmanCompany

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

POTENTIAL ± 12 SFR LOTS...Electric: Southern CA Edison Company (800) 655-4555 Gas: Southern CA Gas...

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