El Nido Ave | 32 Conceptual LotsCity of Perris, Riverside County, CA

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.

Justin Esayian, CA DRE #01513596David McSwain, CA DRE #01741387

THE HOFFMAN COMPANYSouthern California Office18881 Von Karman Avenue, Suite 150, Irvine, CA 92612T 949.553.2020 | F 949.553.8449CA DRE #01473762www.hoffmanland.com

O F F E R I N G M E M O R A N D U M

The

Hoffman

Company

35years leading the land brokerage industryC A L I F O R N I A + N E V A D A

WALNUT ST

PLACENTIA AVE

EL N

IDO

AVE

EVAN

S R

DO

LD E

VAN

S R

D

EUR

EKA

AVE

T A B L E O F C O N T E N T S

Property Overview

Aerials & Maps

Property Photos

Market Overview

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WALNUT ST

PLACENTIA AVE

EL NIDO AVE

EUREKA AVENUE

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Site Detail Offering Guidelines

Location

The site is located on the Southeast corner of El Nido Ave. and Walnut St. in the city of Perris, CA

Entitlements

None. A lotting study has been completed showing 32 half acre lots.

Municipality

City of Perris

APN’s Acres

300-020-007 4.85

300-020-008 9.1

300-020-025 7.92

300-020-026 1.04

300-020-027 4.4

Total Acres 27.31

Lot Count

32 (conceptual lots)

Lot Sizes

½ acre minimum

Schools

Val Verde Unified School District (951) 940-6110

Sierra Vista Elementary API Score: 817

Lakeside Middle API Score: 807

Rancho Verde High API Score: 786

Broker Contact

Justin Esayian David McSwain

T 949.705.0921 T 949.705.0918

jesayian@hoffmanland.com dmcswain@hoffmanland.com

CA DRE #01513596 CA DRE #01741387

THE HOFFMAN COMPANY

Southern California Office

18881 Von Karman Ave., Suite 150, Irvine, CA 92612

T 949.553.2020 • F 949.553.8449

CA Corporate DRE Lic #01473762

www.hoffmanland.com

Seller:

Price:

Deposit:

Terms:

Due Diligence Period:

Close of Escrow:

Cal Walnut Street Real Estate, LLC

Submit

10% of purchase price. Deposit to be non-refundable after Due Diligence

Cash at close of Escrow

30 days from execution of a PSA

15 days after approval of feasibility

The

Hoffman

Company

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Vicinity Aerial

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Lake Perris

SITE15

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Close Up Aerial

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2A E R I A L S & M A P S

Lotting Study

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Hoffman

Company

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2A E R I A L S & M A P S

Area Attractions Map: Southwest Riverside CountyPOINTS OF INTEREST

Lake Perris State Recreation Area

Diamond Valley Lake

Lake Elsinore

Lake Skinner County Park

Perris Auto Speedway

Temecula Valley Wine Country

Orange Empire Railway Museum

Dos Lagos

Corona Crossing

Glen Ivy

Tom’s Farms

Lake Elsinore Outlets

Azusa Pacific University

Pechanga Resort & Casino

Menifee Lakes Country Club

The Golf Club at Rancho California

Bear Creek Golf Club

Temeku Hills Golf Club & Country Club

Canyon Lake Golf Course & Country Club

Hot Air Balloon Rides

Corona Lake

Loma Linda University Med Center

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LAKE PERRIS STATE RECREATION AREA

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TEMECULA VALLEY WINE COUNTRY20

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HOT AIR BALLOON RIDES

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Corona Lake

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LAKE SKINNER COUNTY PARK

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LAKE ELSINORE RECREATION AREA215

South to San Diego

North to Ontario

West to OrangeCounty 22

East

to C

oach

ella

Valle

y

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Westerly view looking down Walnut Street, property on the left side of the streetSoutherly view from Walnut Street and future Eureka Avenue

Southeasterly view from El Nido Avenue and Walnut Street Northeasterly view from El Nido Avenue

Property Photos

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4M A R K E T O V E R V I E W

MinMap Total Units Units List Advertised Price/ Maximum Size Bed Rm. Bath No. Of Garage Lot Size Assoc. Tax Mo.No. Builder City Community Units Off'd Avail. Quarter Overall Base Concess. Sq. Ft. Premiums (Sq. Ft.) Count Count Levels Spaces (Sq. Ft.) Dues Assess. Pymt. (1)

1 Pacific Iris Pacific Communit Moreno Valley Moreno Valley Ranch 186 186 8 0.72 1.84 $326,490 $10,000 $111.68 $12,250 3,122 4.7 3.0 2.0 2.0 5,200 $96 $140 $1,6642 Trinity I GFR Homes Moreno Valley Moreno Valley 15 15 6 5.70 5.70 $311,790 $5,000 $163.07 $25,003 1,926 3.7 2.5 1.0 2.0 7,200 $58 $251 $1,8013 Pacific Eagle Pacific Communit Moreno Valley Moreno Valley 199 100 8 1.09 1.11 $362,140 $5,000 $106.26 $13,614 3,606 4.6 3.4 1.8 2.4 7,000 $50 $152 $1,850

133.3 100.3 7 2.50 2.89 $333,473 $6,667 $127.00 $16,956 2,884 4.3 2.9 1.6 2.1 6,467 $68 $181 $1,772400 301 22 7.51 8.66

$321,390 $144.84 2,396

Moreno Valley 214 115 14 6.79 6.82 $336,965 $5,000 $134.66 $19,309 2,766 4.1 2.9 1.4 2.2 7,100 $54 $202 $1,825Moreno Valley Ranch 186 186 8 0.72 1.84 $326,490 $10,000 $111.68 $12,250 3,122 4.7 3.0 2.0 2.0 5,200 $96 $140 $1,664

Note: community sales reflects total monthly sales for all individual new home developments within the communityNote: Monthly Costs assume 80.00% LTV and 4.000% fixed 30yr. mortgageNote: Dens, bonus rooms, lofts, etc. are counted as bedrooms

Report run on: 2013-10-10

Source: Real Estate Economics

Copyright 2003-2012 Real Estate Economics

Real Estate Economics

WEIGHTED AVERAGES: GRAND TOTALS: OVERALL AVERAGES:

New Housing Developments Surveyed in Select Areas of

Monthly SalesDevelopment

RESIDENTIAL DEVELOPMENT SUMMARYREAL ESTATE ECONOMICS

EXHIBIT

FLOOR PLAN CHARACTERISTICSPRICING INFORMATIONSales Information Est. Mo. Costs

Riverside County as of 2013 Q3 Field Audit.

Page 1 of 23:49 PM 10/10/2013

Residential Development Summary

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Perris Market Trends

Data as of 12/02/13| Source: Redfin

Perris Sold Price Per Square Foot

Perris Homes on the Market

Perris Listing Price Per Square Foot

Homes for Sale Oct ‘13 vs. Prev. Month vs. Prev. Year

# Homes for Sale 122 4.7% 14%

Median List Price $232K 1.3% 36.5%

Median List $/SqFt. $111 4.7% 30.6%

Homes Sold Oct ‘13 vs. Prev. Month vs. Prev. Year

# Homes Sold 65 16.7% 13.3%

Median Sold Price $212K 6.2% 37.1%

Median Sold $/SqFt. $107 1.8% 35.4%

% Sale to List 103.8% 1.7% 2.8%