27th Street East and Avenue K8

Transcription

1 27th Street East and Avenue K8 Property Offering: Approximately 10 Acres In the Vicinity of 27th Street East & Avenue K8 In Los Angeles County APN:

2 The Antelope Valley The Antelope Valley expands over two counties, Los Angeles and Kern County. It s surrounded by the Sierras to the north and the San Gabriel Mountains to the south, Antelope Valley is located northeast of the city of Los Angeles and covers the northern portion of Los Angeles County and the southeastern portion of Kern County. The Valley covers an area of approximately 3,000 square miles, about the size of Connecticut, and has a population of 446,342 and is expected to reach 780,504 by 2020 (GAVEA Economic Roundtable Report, 2007). This desert landscape, dotted with sage and dense groves of Joshua trees, is home to four incorporated cities Lancaster and Palmdale in Los Angeles County, and Tehachapi and California City in Kern County as well as several smaller unincorporated areas like Del Sur, Lake Los Angeles, Lake Hughes, Leona Valley, Littlerock, Pearblossom, Quartz Hill, Sun Village, and Rosamond. And these cities are growing. Based on US Census data, from 2000 to 2007, the population of Lancaster grew from 118,718 to 143,818, and the population of Palmdale grew from 116,670 to 145,468. The Valley is connected by a network of highways and roads. Freeway 14, heading north-south, connects California City in the north with Lancaster and Palmdale in the south and leads over the San Gabriel Mountains to Los Angeles. Highway 138, heading east-west, connects Interstate-5 on the western edge of the Valley with Victorville in San Bernardino County in the east. Smaller streets exist or are planned to be built every one-mile with streets running east-west lettered alphabetically and streets running north-south numbered chronologically. In addition to driving, there is a local bus service (Antelope Valley Transit Authority) and several airports Fox Field Airport and L.A./Palmdale Regional Airport located in Lancaster and Palmdale, respectively. And, just approved by California voters, by 2030, a high speed train will connect Lancaster and Palmdale with the San Francisco Bay Area and the city of Los Angeles. The earliest employment opportunities in the Valley were farming related but are now focused largely around aerospace. Edwards AFB was established in 1933 and was the site of many important aeronautical accomplishments like the first flight to break the sound barrier. Later in 1952, Plant 42 was built in northeast Palmdale and is home to Lockheed Martin, Boeing, Northrop Grumman, and BAE Systems, among other aerospace-related companies. As people have moved to the Valley to work for the growing aerospace industry, housing tracts were built in the middle of the Valley, pushing most farming operations farther to the west and east. The growing population has fueled the growth of service industry jobs and shopping, cultural, and business centers. Palmdale s Antelope Valley Mall is a main attraction as are several golf courses, parks, and museums. Antelope Valley is positioned at the center of growth with its abundance of land, efficient transportation, proximity to major cities, and home to its own growing industries Data shown is obtained from sources deemed reliable. It has not been verified and its accuracy is not guaranteed by the source. Photo provided without verification, may not represent current conditions. Date and origin of photo are not available. Map is not to scale and locations are approximate. We reserve the right to correct any unintended errors or omissions.

3 In the Antelope Valley, the growing population has fueled the growth of service industry jobs and shopping, cultural and business centers. It is a pro-business environment. It is considered as one of the largest consumer of energy in the world, making it an ideal location for renewable energy manufacturers. Retail is anchored by the Antelope Valley Mall in Palmdale and the Power Center in Lancaster. Home Depot, Best Buy, Costco, Staples, Macy s, Harris, Sears, Circuit City, Target, Wal-Mart, and K-Mart are a few that have invested. Rite Aid and Michael's have huge warehouses at Fox Field, creating massive distribution centers for their respective product lines. Major auto dealers are located in the Auto Malls of Lancaster & Palmdale and considered to be the largest in the region. For a higher education, the Antelope Valley has several options. The University of Antelope Valley, California State Polytechnic University, California Institute of Technology, California State Polytechnic University, Devry University, Pepperdine University s Graziadio School of Business and Management, Purdue University College of Engineering, University of Phoenix and West Coast Baptist College are all located locally. Developers building new homes in the Antelope Valley include U.S. Home, Beazer, Harris, Kaufman & Broad, Rancho Vista Development, Barratt Homes, Inco Homes, Granite Homes, & David Spiegel & Assoc. KB Home in its Alamosa community began construction on a new earth-friendly prototype home in late March They have utilized BYD s solar, battery, LED Lighting systems and an electric vehicle outlet. The Antelope Valley s local parks include the Marie Kerr Park, Best of the West Softball Complex and Palmdale Amphitheater. The Pelona Vista Park, Palmdale's largest park, offers multiple soccer and baseball fields on 73 acres. Golf courses include the public 9-hole Desert Aire Golf Course, the 18 hole Rancho Vista and the private Antelope Valley Country Club. Also included are the Clear Channel Stadium, Antelope Valley Fairgrounds, Oasis Recreation Center and Dry Town Water Park. LA/Palmdale Regional Airport is located in Lancaster and Palmdale, the heart of Antelope Valley. It is home to two military bases, Edwards Air Force Base and China Lake Naval Reserve, the Mojave Air & Spaceport, and many supporting aerospace companies. It is the world leader in aerospace since the 1950 s. Boeing, Lockheed-Martin, Northrop-Grumman, Rockwell, BAE Systems, and even Lockheed's top secret Skunk Works are all located in Palmdale. Chuck Yeager broke the sound barrier at Edwards Air Force Base in the late 1940's. The B-1 and B-2 bombers were both built in Palmdale, as well as the first Space Shuttle in the 1980's. The X-33, the next generation space shuttle, is currently being developed. Data shown is obtained from sources deemed reliable. It has not been verified and its accuracy is not guaranteed by the source. Photo provided without verification, may not represent current conditions. Date and origin of photo are not available. Map is not to scale and locations are approximate. We reserve the right to correct any unintended errors or omissions.

4 APN Vicinity 27th Street East and Avenue K8 (According to Assessor Map) Los Angeles County Area Lancaster Zoning LRSRR Gross Acres Net Acres Price per Gross Acre $19, Price per Net Acre $19, Total Price $195, Units 1 Price per Unit $195, Features Parcel is part of the Los Angeles County Water Work District 40-4 Lancaster. Parcel is next to the paved 30 th Street East, a future 100' wide half-section road per Los Angeles County General Plan. Property is located very close to shopping, entertaining, all freeways and highways, schools, and dense residential developments. A new subdivision is being developed across the street with single family homes. Meanwhile, the parcel is less than 3 miles east from the Sierra Highway, 4 miles west from Highway 14 and, close to LA Palmdale Regional Airport. It only takes a several minutes drive to the Palmdale downtown or the Lancaster downtown. The developed traffic system facilitates the life with Antelope Valley Mall, County Club Center, Lancaster City Park and Wal-Mart Supercenter within 5 miles. The professional office buildings are less than 1 mile from the parcel. Sewer, water, phone and electricity are available at Avenue K and Avenue L. The area is being promoted for large-scale residential development. Located in a bond assessment district for Los Angeles County Regional Park and Open Space. The bonds are used to finance the acquisition and construction of certain public facilities benefiting the properties in the district. Property is located in an airport influence area. Full details are available in the Disclosure Save Report included in this property offering. Additional Costs Estimates - According to Los Angeles County Assessor Estimated Property Tax (1.25%) $2, Annual estimate, taxes due in two installments for term of ownership - Additional costs are estimates only and are subject to change by the county upon reassessment of value and / or change of ownership. Additional cost estimates are to the best of ACEQ's knowledge. Seller is not liable for any discrepancies of additional cost. Data shown is obtained from sources deemed reliable. It has not been verified and its accuracy is not guaranteed by the source. Photo provided without verification, may not represent current conditions. Date and origin of photo are not available. Map is not to scale and locations are approximate. We reserve the right to correct any unintended errors or omissions.

5 25 th Street East (paved) 30 th Street East (paved) APN Vicinity 27th Street East and Avenue K8 Avenue K (paved) Lancaster downtown Avenue K4 (paved) Hwy 14 Palmdale downtown Avenue K8 Parcel

6 Parcel

7 W Avenue M Parcel

8 N 20 th Street East (paved) 30 th Street East (paved) APN Vicinity 27th Street East and Avenue K8 Avenue K (paved) Parcel Avenue L (paved)

9 Avenue K Parcel Avenue L

10 Parcel

11 APN: Sold: $83,798.88/Acre APN: Sold: $24,130.66/Acre Subject Parcel APN: $19,500/Acre APN: Sold: $58,139.53/Acre APN: Sold: $41,928.25/Acre APN: Sold: $43,814.43/Acre

12 ACEQ Investment Inc. The Comparative Market Analysis (CMA) of this property includes all Greater Antelope Valley Association of Realtor s (GAVAR) MLS Active, Pending, and Sold listings as we find this to be the most reliable source of verifiable data available (comparables collected within a one mile radius). Market Data as of 1/22/2015 APN Vicinity 27 Steet East & Avenue K8, Lancaster, CA (According to Assessor Map) Area Los Angeles County - Antelope Acres Zoning LRSRR Gross Acres Net Acres Price per Gross Acre $19, Price per Net Acre $19, Subject Total Price $195, Unit 1 Price per Unit $195, $200, $150, $100, $50, $0.00 Active Price per Acre Active Lot Asking Price Listing # APN Street Ave Size Zoning Total Per Acre Date Melody Lane K LRR-7000 $45, $45, /23/ E K 0.93 LRRR1 $45, $48, /29/ E K LRRR1 $325, $67, /23/ E J LRR-7000 $740, $155, /29/ $288, $78, Sold Lot Sale Price Sale # APN Street Ave Size Zoning Total Per Acre Date E K LRSRR $229, $24, /26/ E K LRSRR $93, $41, /30/ E L 2.52 LRRR1 $110, $43, /25/ E K LRRR1 $275, $58, /18/ Huron Street K LRR-7000 $15, $83, /07/ $144, $50, Notes LR City of Lancaster SRR - Semi-Rural Residential of 1-2 Unit/1 Acre RR1 - Rural Residential of 1 Unit/1 Acre R Single Family Residential oon 7,000 Square Foot Lots Zoning designations shown are obtained from the following sources: Lancaster Zoning Map, adopted 10/13/98, Ordinance No ; updated through 2/13/04, Ordinance No. 825; supplemented

13 ACEQ Investment, Inc. Important Disclosure: Data shown is obtained from sources deemed reliable such as, the local Association of Realtors and its Multiple Listing Service, the City and County official records, Chamber of Commerce, Greater Antelope Valley Economic Alliance and numerous local real estate and general publications. All data including lot sizes, boundaries, land-use and zoning data, availability of utilities, access and easements, market data and prices, sales information and maps are un-audited and have not been verified. The information is deemed reliable but its accuracy is not verified or guaranteed by the sources mentioned above or ACEQ Investment Inc., its representatives, employees and Brokers or Agents. The data may or may not contain all market activity in the area. The information is provided only to assist interested parties in their consideration of a long term speculative purchase to meet their needs. However, verification of all opinions, facts, data and information is advised and acquisition of additional information deemed necessary is recommended, as it would be with any important financial decision. Data is subject to change, revision and/or correction without notice. Any and/or all properties are subject to prior sale, price change or withdrawal without notice. In case of prior sale, substitute property to be designated for approval by parties within two business days. ACEQ Investment, Inc Stevens Creek Blvd., Bldg. C, Ste. 1C Cupertino, CA95014 Tel: Fax: