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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
AL APUZZO760.448.2442
[email protected] Lic # 01323215
MATT WEAVER760.448.2458
[email protected] Lic # 01367183
MITCHELL ROAD & DUSTER ROAD - MURRIETA, CA
FIREMAN’S CIRCLE - POTENTIAL 100+ UNIT RESIDENTIAL DEVELOPMENT—14 GROSS ACRES
Vista MurrietaHigh School
TovashalElementary School
Clinton Keith Rd
SUBJECTPROPERTY
Inland ValleyMedical Center
230 ApartmentsUnder Construction
Future Retail
• Approximately 7.1 Usable Acres• Panoramic Mountain and Valley Views• Density 10.1-15 DUs/Acre• Murrieta Valley Unified School District
ASKING PRICE: $2,975,000
Antelope Hills Elementary School
AvaxatElementary School
The ColonyGolf Course
Mitchell Rd
Duster Rd
2Lee & 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
AL APUZZO760.448.2442
[email protected] Lic # 01323215
MATT WEAVER760.448.2458
[email protected] Lic # 01367183
MITCHELL ROAD & DUSTER ROAD - MURRIETA, CA
FIREMAN’S CIRCLE - POTENTIAL 100+ UNIT RESIDENTIAL DEVELOPMENT—14 GROSS ACRES
PAGE CONTENT
3 AERIALS
5 LOCATION MAP
6 YIELD STUDY
7 ALTA SURVEY
8 PROPERTY INFO
10 DOCUMENT LINKS
11 CITY FEES
12 PARCEL MAP
13 COMPARABLE HOME SALES
SUBJECTPROPERTY
Mitchell Rd
Clinton Keith RdMcElwain Rd
Duster Rd
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.
3Lee & 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
AL APUZZO760.448.2442
[email protected] Lic # 01323215
MATT WEAVER760.448.2458
[email protected] Lic # 01367183
MITCHELL ROAD & DUSTER ROAD - MURRIETA, CA
FIREMAN’S CIRCLE - POTENTIAL 100+ UNIT RESIDENTIAL DEVELOPMENT—14 GROSS ACRESA
ERIA
LS
Mitchell Rd
Greer Rd
SUBJECTPROPERTY
Duster Rd230 Apartments
Under Construction
Future Retail
4Lee & 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
AL APUZZO760.448.2442
[email protected] Lic # 01323215
MATT WEAVER760.448.2458
[email protected] Lic # 01367183
MITCHELL ROAD & DUSTER ROAD - MURRIETA, CA
FIREMAN’S CIRCLE - POTENTIAL 100+ UNIT RESIDENTIAL DEVELOPMENT—14 GROSS ACRESA
ERIA
LS
Clinton Keith Rd
McE
lwai
n Rd
Greer Rd
N
Duster Rd
Catt Rd230 Apartments
Under Construction
SUBJECTPROPERTY
Mitchell Rd
Future Retail
5Lee & 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
AL APUZZO760.448.2442
[email protected] Lic # 01323215
MATT WEAVER760.448.2458
[email protected] Lic # 01367183
MITCHELL ROAD & DUSTER ROAD - MURRIETA, CA
FIREMAN’S CIRCLE - POTENTIAL 100+ UNIT RESIDENTIAL DEVELOPMENT—14 GROSS ACRES LO
CAT
ION
MA
P LAKE MATTHEWS
HEMET
LAKE PERRIS
Mt. San JacintoState Park
SantiagoPeak
SAN JACINTO
MENIFEE
MURRIETALAKE ELSINORE
SUBJECT PROPERTY
N
MIT
CHEL
L RO
AD
MURRIETA OAKS AVE
GREE
R RO
AD
MC ELW
AIN RO
AD
CLINTON KEITH ROAD
SUBJECT PROPERTY
6Lee & 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
AL APUZZO760.448.2442
[email protected] Lic # 01323215
MATT WEAVER760.448.2458
[email protected] Lic # 01367183
MITCHELL ROAD & DUSTER ROAD - MURRIETA, CA
FIREMAN’S CIRCLE - POTENTIAL 100+ UNIT RESIDENTIAL DEVELOPMENT—14 GROSS ACRES
6
Developable Pad "A"
96' ROW
4.5 AC (NET)
Pahl R
oad
30' R
oad
Ded
icat
ion
Bio Retention Basin Bio Retention Basin50'
50'
55 DU12.2 DU / AC
Developable Pad "B"2.6 AC (NET)
32 DU12.3 DU / AC
MURRIETA, CA
FIREMAN'S CIRCLE
KTGY # 2015-0868
0 25' 50' 100'
The True Life Companies23 Corporate Plaza, Suite 150Newport Beach, CA 92660949.629.2523
11.20.2015
KTGY Group, Inc.Architecture+Planning17911 Von Karman Ave., Suite 200Irvine, CA 92614949.851.2133ktgy.com
Project SummaryTotal Site Area: 13.7 AcresNet Area: 7.1 AcresSlope + Pahl Road: 6.6 AcresTotal Residential Units (60' x 70' Duplex): 87 DUDensity (Net): 12.3 DU/AC
Residential Parking RequiredDuplex
87 DU x 2.0 174
Residential Parking ProvidedPrivate Garages 174Driveway 24Open Parking 37Total Onsite Parking Provided 235 (2.7/unit)
Assumptions:1. Standard stall dimension of 9'x18' and parallel space dimension of 8'x22'2. Setbacks, slopes, parking dimensions, aisle widths and other requirements to be confirmed by civilengineer
YIEL
D S
TUD
Y
*Conceptual only
7Lee & 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
AL APUZZO760.448.2442
[email protected] Lic # 01323215
MATT WEAVER760.448.2458
[email protected] Lic # 01367183
MITCHELL ROAD & DUSTER ROAD - MURRIETA, CA
FIREMAN’S CIRCLE - POTENTIAL 100+ UNIT RESIDENTIAL DEVELOPMENT—14 GROSS ACRES
7
CLICK HERE TO VIEW FULL ALTA SURVEY
ALTA
SUR
VEY
8Lee & 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
AL APUZZO760.448.2442
[email protected] Lic # 01323215
MATT WEAVER760.448.2458
[email protected] Lic # 01367183
MITCHELL ROAD & DUSTER ROAD - MURRIETA, CA
FIREMAN’S CIRCLE - POTENTIAL 100+ UNIT RESIDENTIAL DEVELOPMENT—14 GROSS ACRESPR
OPE
RTY
INFO
Location:
Jurisdiction: CityofMurrieta
APN#: 392-220-13,17&18-00
Acreage: 14GrossAcres-Approx.Usable7.1Acres
ExistingStructures: A1,344SF,2Bed/2BathHomewithanadjacent600SFApartment;a900SF2Bed/1BathHome;anda1,976SF3Bed/2BathDen Home.
Topography: GentlyRolling,SteeponNorthSide
Zoning: Multi-Family-1(MF-1)
ZoningBaseDensity: 10.1-15.0DwellingUnitsPerAcre
GeneralPlan: Multi-FamilyResidential(MFR)
GeneralPlan BaseDensity: 10.1-30DwellingUnitsPerAcre
MaximumCoverage: 35%
ProposedProject:
Off-siteImprovements:
CityFees: Approximately$50,335persinglefamilylotand$39,723permulti-familyunit
Locatedat35600&35700MitchellRoad,and35810DusterRoad,California,thepropertyfeaturesrusticviewswhilemaintainingcloseproximitytohighendcommercialandretaildevelopmentsthatinclude:upscalegrocery,restaurants,andshopping.Approximately1/4milenorthofClintonKeithRoadand lessthan1/2 milewestof Interstate215,thissitewillprovidecommuterswithquick,convenientaccessandashortdrivetoallofRiverside,SanBernardino&SanDiegoCounties.
Thesubjectpropertyisrawland,buthasseveralstudiesthatwerecompletedincluding:Geotechnical,PhaseI,someCivil,Archeology,Biological,andaMarketStudy.PahlRoadwillneedtobeimprovedtobisectthesite.
MitchellRoadandallutilitiesarebeingimprovedtothesubjectpropertyaspartofthedevelopmentcurrentlyunderconstructiononthesouthboundaries.
9Lee & 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
AL APUZZO760.448.2442
[email protected] Lic # 01323215
MATT WEAVER760.448.2458
[email protected] Lic # 01367183
MITCHELL ROAD & DUSTER ROAD - MURRIETA, CA
FIREMAN’S CIRCLE - POTENTIAL 100+ UNIT RESIDENTIAL DEVELOPMENT—14 GROSS ACRESPR
OPE
RTY
INFO
CurrentMarketStudy:
SchoolDistrict: MurrietaValleyUnifiedSchoolDistrict •AntelopeHillElementary-891API •ShivelaMiddleSchool-834API •VistaMurrietaHighSchool-844API
Services: Water/Sewer: EasternMunicipalWaterDistrict Electricity: SouthernCaliforniaEdison Gas: SouthernCaliforniaGasCompany Fire: MurrietaFireDept. Police Murrieta Police Dept.
Asking Price: $2,975,000
TheMarketInsiteMarketStudyreflectstotalpricingaveragefortwostoryrowtownhomesof$319,043,$205/SF,withnetbasepriceof$300,750or$194/SFat4.0salespermonth,1,280-1,940SFin4plansandtotalpricingaverageforcountyandhomesof$370,440,$184/SF,withnetbasepriceof$349,250,$173/SF,at4.0salespermonth,1,827-2,430/SFin4plans.
10Lee & 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
AL APUZZO760.448.2442
[email protected] Lic # 01323215
MATT WEAVER760.448.2458
[email protected] Lic # 01367183
MITCHELL ROAD & DUSTER ROAD - MURRIETA, CA
FIREMAN’S CIRCLE - POTENTIAL 100+ UNIT RESIDENTIAL DEVELOPMENT—14 GROSS ACRESD
OC
UMEN
T LIN
KS
CLICK TO VIEW DOCUMENT LINKS
I. ARCHEOLOGY
II. BIOLOGY
III. CIVIL ENGINEERING
IV. DRY UTILITIES
V. ENVIRONMENTAL
VI. FORWARD PLANNING
VII. GEOTECHNICAL
VII. MARKET STUDY
IX. MITCHELL ROAD ALIGNMENT STUDY
X. SITE PLAN
XI. ZONING AND DEVELOPMENT CODE
11Lee & 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
AL APUZZO760.448.2442
[email protected] Lic # 01323215
MATT WEAVER760.448.2458
[email protected] Lic # 01367183
MITCHELL ROAD & DUSTER ROAD - MURRIETA, CA
FIREMAN’S CIRCLE - POTENTIAL 100+ UNIT RESIDENTIAL DEVELOPMENT—14 GROSS ACRESC
ITY
FEES
Item SFR MFRSchool Fees ($3.36/SF) 8,400$ 4,200$Murrieta Development Impact Fees 10,297$ 6,527$County TMF Fee 8,873$ 6,231$MSHCP Fee 1,250$ 1,250$Kangaroo Rat Fee 500$ 500$Murrieta Valley Drainage Fee 4,139$ 4,139$Water Financial Participation Charge (1 EMS) 4,883$ 4,883$Water Meter Drop In Fee (5/8") 285$ 285$Water Meter Installation Fee (5/8") 3,550$ 3,550$Water Supply Development Fee 300$ 300$Sewer Financial Participation Charge 2,586$ 2,586$Sewer Treatment Plant Capacity Charge 5,272$ 5,272$
TOTAL PER UNIT 50,335$ 39,723$
Murrieta, CA
Estimated Development FeesPer Approximate 2,500 SF Single Family Unit & 1,250 SF Multi-Family Unit
12Lee & 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
AL APUZZO760.448.2442
[email protected] Lic # 01323215
MATT WEAVER760.448.2458
[email protected] Lic # 01367183
MITCHELL ROAD & DUSTER ROAD - MURRIETA, CA
FIREMAN’S CIRCLE - POTENTIAL 100+ UNIT RESIDENTIAL DEVELOPMENT—14 GROSS ACRES
12
PARC
EL M
AP
Tax Map 35810 Duster Rd, Murrieta, CA 92562
Tax Map 35810 Duster Rd, Murrieta, CA 92562 3/16/2016 Page 1 (of 1)
©2005-2016 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.
13Lee & 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
AL APUZZO760.448.2442
[email protected] Lic # 01323215
MATT WEAVER760.448.2458
[email protected] Lic # 01367183
MITCHELL ROAD & DUSTER ROAD - MURRIETA, CA
FIREMAN’S CIRCLE - POTENTIAL 100+ UNIT RESIDENTIAL DEVELOPMENT—14 GROSS ACRES
Project Name Builder Name City Master Plan Open Date Product TypeTypical Lot
SizeUnit
Size Min
Unit Size Max MinPrice MaxPrice Min $/SF Max $/Sf
Total Units
Planned
Total Units Sold
Total Remaining
Sales Rate
Sales Rate (Last 3 Months)
Zip Code
Juniper at Spencer's Crossing Brookfield Residential Murrieta Spencer's Crossing 6/11/2016 Detached 7540 3212 4091 466,000$ 490,000$ 119.78$ 145.08$ 114 28 86 2.6 1.7 92563Nectar Brookfield Residential Murrieta Spencer's Crossing 6/11/2016 Detached 5500 2112 2885 386,000$ 429,000$ 148.70$ 182.77$ 50 40 10 3.5 1.7 92563Calistoga at The Promontory Cornerstone Communities Murrieta The Promontory 10/20/2016 Detached 3000 1771 2032 380,990$ 418,990$ 206.20$ 215.13$ 64 6 58 0.8 1 92563Dakota D.R. Horton Murrieta - 8/14/2015 Detached 8000 2806 3929 425,990$ 598,990$ 152.45$ 151.81$ 90 86 4 4 2.7 92563Gallery Estates in Murrieta Gallery Homes Murrieta - 10/27/2016 Detached 22000 4185 4473 911,000$ 985,000$ 220.21$ 217.68$ 10 6 4 0.8 1 92562Acacia at Mahogany Hills KB Home Murrieta - 3/15/2014 Detached 7200 2343 2894 409,990$ 436,990$ 151.00$ 174.99$ 196 173 23 4.4 3.7 92563Hawthorne at Mahogany Hills KB Home Murrieta - 12/13/2014 Detached 8000 1698 2925 383,990$ 499,015$ 170.60$ 226.14$ 120 113 7 3.9 4 92563Ironwood of Mahogany Hills KB Home Murrieta - 3/1/2014 Detached 9100 2628 4506 465,520$ 578,000$ 128.27$ 177.14$ 184 181 3 4.6 4 92563Seneca KB Home Murrieta - 4/20/2015 Detached 2950 1649 2321 359,990$ 430,870$ 185.64$ 218.31$ 54 42 12 1.6 5 92563Arroyo Vista Lennar Murrieta - 9/24/2015 Attached - 1336 1580 309,990$ 348,990$ 220.88$ 232.03$ 184 146 38 7.2 3.7 92563Rancho Bella Vista/Cambria Lennar Murrieta - 9/21/2013 Detached 6300 1940 3823 403,990$ 514,857$ 134.67$ 208.24$ 156 155 1 3.5 2 92563Meadowlark Pulte Homes Murrieta - 10/1/2014 Detached 10000 3253 4403 521,990$ 559,990$ 127.18$ 160.46$ 109 97 12 3.1 2.7 92563Sycamore Richmond American Homes Murrieta Spencer's Crossing 6/19/2016 Detached 7500 2805 3464 433,990$ 463,990$ 133.95$ 154.72$ 55 34 21 3 5.3 92563Villas at Bear Creek Unknown Murrieta - 3/1/2016 Detached 19734 2246 2334 499,900$ 517,900$ 221.89$ 222.57$ 6 5 1 0.3 0.3 92562Laurel Woodside Homes Murrieta Spencer's Crossing 7/30/2016 Detached 7200 2410 3199 393,990$ 445,490$ 139.26$ 163.48$ 92 24 68 2.5 3.3 92563Ventana at Creekside Village Woodside Homes Murrieta - 1/28/2017 Detached 2200 1911 2377 347,990$ 372,990$ 156.92$ 182.10$ 83 0 83 - - 92563
NEW HOME SALES COMPARABLES
CO
MPA
RAB
LE H
OM
E SA
LES
MATT WEAVER760.448.2458
[email protected] Lic#01367183
AL APUZZO760.448.2442
[email protected] Lic#01323215
For More Information, Please Contact:
14Lee & 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
MITCHELL ROAD & DUSTER ROAD - MURRIETA, CA
FIREMAN’S CIRCLE - POTENTIAL 100+ UNIT RESIDENTIAL DEVELOPMENT—14 GROSS ACRES