residental evelopment opportunity acres · 2016. 3. 31. · vista murrieta high school antelope...

Vista MurrietaHigh School

Antelope HillsElementary School

Clinton Keith R

d

McE

lwain

Rd

Subject Property

Greer R

d

Catt Rd

Mitc

hell

Rd

Linnel Ln

RESIDENTIAL DEVELOPMENT OPPORTUNITY - 7 ACRESCLINTON KEITH ROAD - MURRIETA, CA

FOR ADDITIONAL INFORMATION:

Lee & Associates-North San Diego County | 1900 Wright Place, Suite 200, Carlsbad, CA 92008 | T: 760.929.9700 F: 760.929.9977 | www.lee-associates.com

• Zoned SF-1 (Single Family Residential)• Minimum Lot Size - 7,200 SF• Permits Up To 35 Lots• Flat/Rolling TopographySALE PRICE: $1,650,000

MATT [email protected] Lic# 01367183

NICHOLAS [email protected] Lic# 01932821

AL [email protected] Lic# 01323215

BRIAN [email protected] Lic# 01269887

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Lee Ln

Baxter Rd

Linnel Ln

Clinton Keith Rd

Sun Cal Golden City SP502 Residential Units Planned

Health South Rehab Hospital50 Bed Facility - 54,000 SF

The VineyardPlanned 160,000 SF

Shopping Center

DR Horton82 Lots

Under Construction

Loma Linda Medical Center

Medical Office ComplexPlanned

The Orchard Stone CreekShopping Center

+/-460,000 SFMelia Homes

230 Units

SUBJECT PROPERTY

35 Approved LotsW

hite

woo

d R

d

Pulte Master Plan

825,000 SF Future Medical Campus

Atlantic Pacific 325 Apartments

Under Construction

Briggs Rd

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4 EXECUTIVE SUMMARY

5 AERIALS

8 LOCATION MAP

9 PROPERTY INFORMATION

10 DEVELOPMENT IMPACT FEES

11 SITE PHOTOS

12 PLAT MAP

13 COMPARABLE HOME SALES

14 DEMOGRAPHICS

PAGE CONTENT

No warranty or representation is made to the accuracy of the foregoing information. Terms of sale, lease and availability are subject to change or withdrawal without notice.

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Murrieta is a rapidly expanding city located north of Temecula and south of Menifee and Wildomar in Southwest Riverside County. From 2000 – 2010, the City of Murrieta experienced a 133.7% population increase, and in 2010, exceeded the historically larger city of Temecula for the first time since both city’s incorporation. Today, the City of Murrieta serves as home to over 105,000 people and is consistently recognized by the FBI as one of the top 10 safest cities in the nation.

In 2012, Murrieta opened its technology business incubator, attracting several major healthcare, technology, retail, and hospitality firms to the area. Southwest Healthcare Systems and Loma Linda University Medical Center are both ranked in the top 5 largest employers of Murrieta, supplying nearly 1,500 jobs and providing first-rate healthcare to residents throughout Southwest Riverside. Furthermore, Kaiser Permanente recently purchased 37 acres of land in the North Murrieta Business Corridor and plans to construct an 825,000 square foot medical campus phased over the next 25 years.In addition to a strong job supply, the Murrieta Valley Unified School District boasts some of the highest rated schools in Riverside County. With flourishing jobs, top rated schools, and convenient access throughout Riverside County and into San Diego and Los Angeles Counties, Murrieta serves as an ideal City for any commercial or residential developer.

Below is a summary of the residential developments currently under construction in Murrieta:

• Acacia at Mahogany Hills | KB Home – 68 lots• Ironwood at Mahogany Hills | KB Home – 87 lots• Seneca | KB Home – 54 lots• Meadowlark | Pulte Homes – 113 lots• Paloma | Lennar – 119 lots• Addison Pointe | DR Horton – 82 lots• Pacific Landing | Atlantic Pacific – 325 units• The Ridge at Cal Oaks | DR Horton – 102 units

In addition to the actively selling communities above, there are approximately 2,726 tentatively approved residential units throughout the City of Murrieta.

EXEC

UTIV

E SU

MM

ARY

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AER

IALS

www.lee-associates.com

Matt Weaver760.448.2458

[email protected] Lic# 01367183

Al Apuzzo760.448.2442


Brian Bielatowicz951.445.4500


AERIAL

Subject Property

I. CLINTON KEITH ROAD

Clinton Keith Road

Catt Road

Greer RoadVia Madrid

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AER

IALS

AER

IALS

www.lee-associates.com

Matt Weaver760.448.2458


Al Apuzzo760.448.2442


Brian Bielatowicz951.445.4500


AERIAL

I. CLINTON KEITH ROAD

Vista MurrietaHigh School

AvaxatElementary School

TovashalElementary School

Whi

tew

ood

Rd

Loma LindaMedical Center

Antelope HillsElementary School

Subject Property

Clinton Keith Rd

Greer Rd

Greer R

d

Nutm

eg S

t

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AER

IALS

ACTIVE RESIDENTIAL DEVELOPMENT - CITY OF MURRIETA

29981

DP-2012-3267

DP-2014-301

DP-2013-178/TTM 36629

DP-2013-178/TTM 36629

TPM 2014-489DP 2014-490

DP-2013-255

34445

DP-2014-364

30435

29429

32266

31997

29981

28532-1DP-2014-439

TTM 36779

§̈¦

§̈¦

15

215

DPO-012-3186

34439

28532

28903

33904

DP-2008-2668/SC-2013-3300

33231

TTM 36496\DP-2013-215DP 00-096/29757

DP 02-467/31078

33286

DP 01-195/30394 DP-004-218/

SC-2013-153/33621

31878

36595

DP-2013-3335

32718

DP-2008-2705

TTM 36385

34250

35778

36385

TTM35853

CALI

FORN

IA OA

KS RD

HAYES AVE

HANCOCK AVE

ELM

ST

KALM

IA ST

WH

ITE

WO

OD

RD

MURRIETA HOT SPRINGS RD

KELLER RD

STEPP RD

JUNIP

ER ST

FIG ST

MAGN

OLIA

ST

IVY ST

JEFFERSON AVE

LEMO

N ST

CLINTON KEITH RD

JEFFERSON AVE

WASHINGTON AVE

MC

ELWA

IN R

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VINEY

ARD P

KY

JEFFERSON AVE

GUAV

A ST

MADISON AVE

ADAMS AVE

JEFFERSON AVE

MADISON AVE

MONROE AVE

WHITE

WOOD RD

LOS ALA

MOS R

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WASHINGTON AVE

JACKSON AVE

IVY ST

JUNI

PER S

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RGARITA

RD

KALM

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CLIN

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KEITH

RD

LINNEL LN

NUTMEG

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MONROE AVE

LINCOLN AVE

ALTA

MURRIET

A DR

HAYES AVE

HUNTER RD

ADAMS AVE

ANTE

LOPE

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VIA PRINCESA

NUTMEG

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JACK

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LAS B

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®G:\GISData\Departments\Planning\ArcMapDocs_15\ResidentialActivity_2015.mxd

Residential Activity as of March 2015(Pending/Approved/Under Construction)

LegendProject Status

Approved

Pending

Recorded Final Map

Under Construction

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LOC

ATIO

N M

AP

LAKE MATTHEWS

HEMET

LAKE PERRIS

Mt. San JacintoState Park

SantiagoPeak

SAN JACINTO

MENIFEE

MURRIETA

LAKE ELSINORE

SUBJECT PROPERTY SAN DIEGO

COUTNRY ESTATES

78

N

CLINTON KEITH RD

MURRIETA OAKS AVE

LINNEL LN

GREER RD

CATT RD

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Location:

Jurisdiction: City of Murrieta

APN#: 900-040-001

Acreage: 7 Acres

Zoning: SF-1 (Single Family Residential)

GeneralPlan: SFR (Single Family Residential)

Density: 2.1 – 5.0 Dwelling Units per Acre

Min.LotSize: 7,200 SF

Topography: Flat/Gently Sloping

Highest&BestUse: 28 - 31 Lot Subdivision

SchoolDistrict: Murrieta Unified School District • Antelope Hills Elementary School • Shivela Middle School • Murrieta Mesa High School

Price: $1,650,000

The subject property is a 7 acre parcel located Clinton Keith Road in Murrieta, CA. The property is a rare infill development opportunity in a desirable neighborhood near local retail, schools, parks, and new residential developments.

DOCUMENTLINKS

Zoning Code

Murrieta Active Residential Development

PRO

PERT

Y IN

FORM

ATIO

N

http://www.amlegal.com/nxt/gateway.dll/California/murrieta_ca/murrietacaliforniamunicipalcode?f=templates$fn=default.htm$3.0$vid=amlegal:murrieta_cahttp://www.lee-associates.com/elee/sandiego/LeeLandTeam/WhitewoodAndBaxter/ActiveResidentialDevelopment_3.15.15.pdf

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Amount$8,400

$10,297$113

$9,065$7,944$935

$8,873$1,952

$47,579

** Assumes 31 Total SF Lots

TOTAL PER SFD

TUMF Fees

Per Approximate 2,500 SF Single Family ResidenceEstimated Development Impact Fees

ItemSchool Fees ($3.36/SF)Development Impact Fees

Water Connection Fees (3/4" Meters)Sewer FeesDrainage and Flood Control Fees ($4,139/Acre) **

MSHCP Fee

Kangaroo Rat Habitat ($500/gross acre)**DEV

ELO

PMEN

T IM

PAC

T FE

ES

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SITE

PH

OTO

S

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PLAT

MA

PTax Map , , CA

Tax Map , , CA 8/7/2015 Page 1 (of 1)

©2005-2015 First American Financial Corporation and/or its affiliates. All rights reserved.

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.

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CO

MPA

RAB

LE H

OM

E SA

LES RESALE COMPARABLES

NEW HOME COMPARABLES

Street # Street City Bed Bath Home SF Lot Size Sale Price $/SF COE Date36249 Provence Murrieta 4 3 1561 0.17 $285,000 $183 5/29/201526942 Mandelieu Murrieta 3 2 1593 0.16 $320,000 $201 7/22/201527437 Yellow Wood Murrieta 3 2 2582 0.21 $355,000 $137 7/23/201527190 Wedgewood Murrieta 4 2 2224 0.17 $355,000 $160 8/20/201527562 Hackberry Murrieta 3 2 2582 0.17 $367,500 $142 6/9/201527322 Wedgewood Murrieta 4 3 2621 0.17 $395,000 $151 7/24/201527669 Carlton Oaks Murrieta 4 3 2721 0.19 $395,000 $145 7/24/201536031 Corte Renata Murrieta 4 2 2262 0.19 $400,000 $177 8/20/201523858 Via Segovia Murrieta 4 3 2508 0.24 $417,000 $166 7/8/201536236 Redbud Murrieta 5 3 3387 0.19 $419,500 $124 3/27/201523919 Via Segovia Murrieta 4 2 2262 0.24 $435,000 $192 6/10/201523850 Via Madrid Murrieta 4 3 2508 0.31 $436,000 $174 8/6/201523831 Hollingsworth Murrieta 3 3 3119 0.23 $530,000 $170 7/20/2015AVG 4 3 2456 0.20 $393,077 $163

Project Builder City Open Date Type Lot SizeMin. Unit Size sq ft

Max. Unit Size sq ft Min. Price Max. Price

Total Units Planned (22,774)

Total Units Sold

(12,233)

Total Units Remaining

(10,541)

Average Sales Rate

(3.38) Latitude LongitudeAcacia at Mahogany Hills KB Home Murrieta 3/15/2014 Detached 7200 2343 2894 $362,990 $403,153 68 56 12 3.83 33.608227 -117.12589Ironwood of Mahogany Hills KB Home Murrieta 3/1/2014 Detached 7700 2628 4506 $367,990 $440,990 87 49 38 4.84 33.608227 -117.12589Meadowlark Pulte Homes Murrieta 4/11/2014 Detached 10000 3253 4403 $462,990 $604,419 114 27 87 2.13 33.570625 -117.15469Rancho Bella Vista/Alicante Lennar Murrieta 4/1/2011 Detached 5000 1672 2277 $339,590 $386,290 96 95 1 1.9 33.566334 -117.11547Rancho Bella Vista/Paloma Lennar Murrieta 4/1/2011 Detached 5000 1940 3153 $363,890 $445,090 119 97 22 1.94 33.566307 -117.1155Seneca KB Home Murrieta 4/20/2015 Detached 2950 1649 2321 $354,990 $372,990 54 0 54 33.543865 -117.16982The Ridge at Cal Oaks D.R. Horton Murrieta 12/6/2014 Attached 1851 2290 $314,990 $356,990 102 13 89 2.2 33.573952 -117.2115

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DEM

OG

RAPH

ICS

Demographic Source: Applied Geographic Solutions 04/2015, TIGER Geography page 1 of 1©2015, Sites USA, Chandler, Arizona, 480-491-1112

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SUMMARY PROFILE2000-2010 Census, 2015 Estimates with 2020 ProjectionsCalculated using Weighted Block Centroid from Block Groups

Lat/Lon: 33.5972/-117.1874RS1

Clinton Keith Road1 mi radius 3 mi radius 5 mi radius

Murrieta, CA 92562

POPU

LATI

ON

2015 Estimated Population 12,881 73,549 174,703

2020 Projected Population 13,651 77,939 185,284

2010 Census Population 12,365 70,505 164,248

2000 Census Population 5,290 40,087 70,315

Projected Annual Growth 2015 to 2020 1.2% 1.2% 1.2%

Historical Annual Growth 2000 to 2015 9.6% 5.6% 9.9%

2015 Median Age 33.2 34.6 33.8

HOUS

EHO

LDS

2015 Estimated Households 3,758 23,554 54,141

2020 Projected Households 3,958 24,794 57,074

2010 Census Households 3,606 22,628 51,077

2000 Census Households 1,690 13,176 22,858

Projected Annual Growth 2015 to 2020 1.1% 1.1% 1.1%

Historical Annual Growth 2000 to 2015 8.2% 5.3% 9.1%

RAC

E AN

DET

HNIC

ITY

2015 Estimated White 67.1% 68.0% 66.5%

2015 Estimated Black or African American 5.2% 5.9% 6.1%

2015 Estimated Asian or Pacific Islander 12.5% 10.2% 11.1%

2015 Estimated American Indian or Native Alaskan 0.5% 0.6% 0.7%

2015 Estimated Other Races 14.7% 15.3% 15.5%

2015 Estimated Hispanic 26.8% 28.3% 28.3%

INCO

ME 2015 Estimated Average Household Income $104,247 $83,662 $85,606

2015 Estimated Median Household Income $89,607 $73,031 $74,512

2015 Estimated Per Capita Income $30,419 $26,825 $26,656

EDUC

ATIO

N(A

GE

25+)

2015 Estimated Elementary (Grade Level 0 to 8) 5.5% 5.1% 6.0%

2015 Estimated Some High School (Grade Level 9 to 11) 7.4% 8.5% 9.6%

2015 Estimated High School Graduate 17.6% 18.7% 19.9%

2015 Estimated Some College 25.6% 26.6% 25.7%

2015 Estimated Associates Degree Only 8.6% 8.4% 8.4%

2015 Estimated Bachelors Degree Only 16.8% 16.6% 15.7%

2015 Estimated Graduate Degree 18.6% 16.2% 14.7%

BUSI

NESS

2015 Estimated Total Businesses 141 1,828 5,139

2015 Estimated Total Employees 1,145 20,252 47,636

2015 Estimated Employee Population per Business 8.1 11.1 9.3

2015 Estimated Residential Population per Business 91.1 40.2 34.0

15Lee & Associates-North San Diego County | 1900 Wright Place, Suite 200, Carlsbad, CA 92008 | T: 760.929.9700 F: 760.929.9977 | www.lee-associates.com

BRIAN BIELATOWICZ951.445.4500

[email protected] Lic#01269887

NICHOLAS CORBELL951.445.4500


MATT WEAVER760.448.2458


AL APUZZO760.448.2442


For More Information, Please Contact:


residental evelopment opportunity acres · 2016. 3. 31. · vista murrieta high school antelope...

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