apartments
INVESTMENT OFFERING
PERRIS GARDEN
APARTMENTS 650 East Nuevo Road, Perris, CA 92571
PERRIS GARDEN
APARTMENTS The Perris Garden Apartments consists of a quality 92-unit multi-family income property. The property was constructed in 2008 and offers a desirable unit mix of 1, 2 and 3 bedroom units. Additionally, the property is gated, includes uncovered and carport parking, and offers an extensive package of common area amenities.
1
INVESTMENT OFERRING
PROPERTY HIGHLIGHTS
• Price: $12,500,000
• Built in 2008
• Cap Rate: Current 5.0%
• Desirable unit mix
• Market rental rates: 5.8%
• Low in-place rental rates
• Price/Unit: $135,870
• Rent increase potential
• Price/SF: $123
• Fully amenitized project • Metal carports
PROPERTY INFORMATION • Improvement SF: Approximately 101,340 • Land Acres: Approximately 4.4 acres • APN: 320-320-007 • Gas & Electricity: Separately metered
• Quality fencing and gates • Large units with spacious patios or balconies • Easy-care landscaping • Low maintenance improvements • Priced below replacement costs
• Water, Sewer, Trash, RUBS • 92 Units • Parking: Metal carports and uncovered spaces
2
PERRIS GARDEN
PROPERTY FEATURES
APARTMENTS
3
PROJECT FEATURES
INTERIOR AMENITIES
• Pool and Spa
• In-Unit Washer / Dryers
• Gated Complex
• All Kitchen Appliances
• Covered Parking
• Forced air heating and air conditioning
• Surveillance Cameras
• Ceramic Tile, Vinyl, and Carpet flooring
• BBQ Area
• Walk-In Closets in select units
• Playground Area
• Private Balconies / Patios in Each Unit
• Apartment Clubhouse • Fitness Center • Rental Office
4
PERRIS GARDEN
APARTMENTS
INVESTMENT SUMMARY
INVESTMENT SUMMARY
5
Perris Garden Apts.
$12,500,000
10.94
10.16
Project Name
Price
GRM
Mkt. GRM
650 East Nuevo Rd.
92
5.0%
5.8%
Total Units
Cap Rate
Mkt. Cap Rate
$135,870
$123
$0.94
Price/Unit
Price/SF
Rent/SF
# OF UNITS
APPROX. SF
CURRENT RENT
MARKET RENT
16
875
$806
$875
Address Perris
CA
92571
City, St Zip
UNIT MIX 1 bed, 1 bath 2 bed, 2 bath
52
1075
$968
$1,050
3 bed, 2 bath
16
1300
$1,126
$1,200
3 bed, 2 bath
8
1330
$1,126
$1,200
$90,025
$97,400
RUBS water
$3,243
$3,243
Late fees, credit, charges
$1,917
$1,917
Monthly Gross Income
$95,185
$102,560
Annual Gross Income
$1,142,220
$1,230,720
PROPERTY DESCRIPTION 2008
4.4 acres
yes
separate
yes / yes
Year Built
Approx. Lot Size
# Carports
Gas/Elect. Mtrs.
Pool/Spa
101,340
MFR-22
yes
individual
forced air
Building SF.
Zoning
# Uncovered
Water Heater(s)
Air Conditioning
6 2-story
320-320-007
no
Slab, Stucco/rock, tile roof.
# of Buildings
APN
# Garages
Construction
6
PERRIS GARDEN
APARTMENTS
INCOME & EXPENSE SUMMARY
Existing Financing
7
Originated 07/05/2013
Original Balance: $6,825,000
4.16% Fixed until 8/6/2023, Monthly Payment $33,216.28 ½% assumption fee Yield Maintenance until 05/06/2023 Proposed Financing
% of Value
Down Payment Assume Existing First Loan
4.16%
Annual Gross Scheduled Income
46%
$5,812,000
54%
$6,688,000
Total
$12,500,000
Current Rents
Market Rent
$1,142,220
$1,230,720
Vacancy and Collection Loss
6.5% ($74,244)
5.0%
($79,997)
Concessions
2.3% ($26,000)
2.0%
($24,614)
($15,000)
($15,000)
$1,052,315
$1,150,723
($423,960)
($423,960)
Net Operating Income
$628,355
$726,763
Capitalization Rate
5.0%
5.8%
New First Loan
($398,595)
($398,595)
Cash Flow
$229,760
$328,168
Cash on Cash Return
4.0%
5.6%
Employee Lodging Effective Gross Income Estimated Expenses Real Estate Taxes
1.06%
Insurance Utilities
$16,000 $42
Contract Services
$95,891 $10,000
Advertising and Promotions Prof. Management
$132,500
$2,000 3%
$31,569
Legal
$2,000
Administrative
$19,000
Resident Manager (+Free Rent)
$20,000
Repairs and Maintenance
$800/unit
$73,600
Replacement Reserves
$200/unit
$18,400
Misc. Total Expenses
$3,000 $4,608/unit
8
PERRIS GARDEN
APARTMENTS
1
2
Cantabria Apartments 30951 Hanover Lane, Menifee, CA 92584
Reserve at Moreno Valley 15100 Moreno Beach Drive, Moreno Valley, CA 92555
SALE COMPS
Sold on 06/20/2013 for $31,000,000, 230 Units
4
Sold on 04/24/2013 for $23,750,000, 176 Units
Price/Unit
Price/SF
GRM
CAP Rate
Year Built
Price/Unit
Price/SF
GRM
CAP Rate
Year Built
$134,783
$148
N/A
5.3%
2009
$134,943
$136
10.82
5.8%
2005
5
The Hills at Quail Run 5059 Quail Run Road, Riverside, CA 92507 Sold on 07/15/2013 for $32,000,000, 208 Units
7
Sold on 03/04/2014 for $31,875,000, 212 Units
Price/Unit
Price/SF
GRM
CAP Rate
Year Built
Price/Unit
Price/SF
GRM
CAP Rate
Year Built
$153,846
$170
N/A
5.5%
1998
$150,354
$115
N/A
N/A
2001
River's Edge Apartments 2088 East Lakeshore Drive, Lake Elsinore, CA 92530 Sold on 04/26/2013 for $24,000,000, 164 Units
9
GranMarc at University Village 3549 Iowa Road, Riverside, CA 92507
Price/Unit
Price/SF
GRM
CAP Rate
Year Built
$130,435
$142
N/A
5.2%
2007
Avon
Terrace Rubidoux
Mira Loma
Pedley
5 5 215 215
44
Riverside
60 60
91
3
Moreno Valley
33
Mission Grove Park 7450 Northrop Drive, Riverside, CA 92508
22
66
Sold on 11/26/2013 for $76,370,000, 432 Units Price/Unit
Price/SF
GRM
CAP Rate
Year Built
$176,782
$167
N/A
*5.5%
2001 *projected
15
PERRIS GARDEN
6
APARTMENTS
Corona Pointe 3957 Pierce Street, Riverside, CA 92505
Perris
Sold on 10/30/2012 for $96,400,000, 714 Units Price/Unit
Price/SF
GRM
CAP Rate
Year Built
$135,014
$159
N/A
5.8%
1986
215 215
Sun City
15
Lake Elsinore
11 77
215 215
10
PERRIS GARDEN
APARTMENTS
RENT SURVEY
1
4
7
11
Antelope Ridge 27757 Aspel Road, Menifee, CA 92585
2
Cantabria 30951 Hanover Lane, Menifee, CA 92584
Unit Mix
# Units
Approx SF
Current Rent
Unit Mix
# Units
Approx SF
Current Rent
1 bed, 1 bath
96
792
$1,010
1 bed, 1 bath
68
752-776
$1,040-$1,060
2 bed, 2 bath
74
984
$1,180
1 bed, 1 bath
60
905-968
$1,150-$1,320
2 bed, 2 bath
36
1,121
$1,325
2 bed, 2 bath
92
1,054-1,109
$1,340-$1,445
2 bed, 2 bath
42
1,260
$1,350-$1,425
2 bed, 2 bath
10
1,114
$1,580-$1,630
Broadstone Rancho Belago 27625 East Trail Ridge Way, Moreno Valley, CA 92555
5
Broadstone Overlook 12963 Moreno Beach Drive, Moreno Valley, CA 92555
Unit Mix
# Units
Approx SF
Current Rent
Unit Mix
# Units
Approx SF
Current Rent
1 bed, 1 bath
142
708-782
$1,075-$1,350
1 bed, 1 bath
132
741
$1,030-$1,125
2 bed, 2 bath
88
1,128
$1,575
2 bed, 2 bath
100
1,078-1,105
$1,285-$1,360
3 bed, 2 bath
16
1,187
$1,685
3 bed, 2 bath
24
1,398
$1,540
Ridgeview 25335 Alessandro Boulevard, Moreno Valley, CA 92553
8
Reserve at Moreno Valley Ranch 15100 Moreno Beach Drive, Moreno Valley, CA 92555
Unit Mix
# Units
Approx SF
Current Rent
Unit Mix
# Units
Approx SF
Current Rent
1 bed, 1 bath
68
795-833
$925-$940
1 bed, 1 bath
48
763
$1,045-$1,220
2 bed, 2 bath
160
1,059-1,081
$1,160-$1,200
2 bed, 1 bath
112
1,031
$1,265-$1,440
3 bed, 2 bath
72
1,207-1,223
$1,240-$1,320
3 bed, 2 bath
16
1,202
$1,470-$1,545
91
Riverside
215 215
Moreno Valley
11 11 88
66 77
10 10
60 60
9 10 10
3
Enclave at Menifee 30300 Antelope Road, Menifee, CA 92584 Unit Mix
# Units
Approx SF
Current Rent
1 bed, 1 bath
104
740-792
$1,015-$1,045
2 bed, 2 bath
191
998-1,121
$1,255-$1,325
3 bed, 2 bath
41
1,320
$1,545-$1,565
PERRIS GARDEN
APARTMENTS Perris
4
6
Alavista at Towngate 12845 Frederick Street, Moreno Valley, CA 92553 Unit Mix
# Units
Approx SF
Current Rent
1 bed, 1 bath
120
708-860
$1,023-$1,031
2 bed, 1 bath
48
993-1,002
$1,063-$1,187
2 bed, 2 bath
100
1,124-1,300
$1,284-$1,328
215 215
1 1
Sun City
15 15
Lake Elsinore
9
3 3 22
Stonegate at Towngate 12640 Memorial Way, Moreno Valley, CA 92553 Unit Mix
# Units
Approx SF
Current Rent
1 bed, 1 bath
72
803
$1,135-$1,175
2 bed, 1 bath
312
1,067
$1,225-$1,295
3 bed, 2 bath
168
1,233
$1,485-$1,515
5 5
Wildomar 215 215
15 15
Murrieta 12
PERRIS GARDEN
FAST FACTS & DEMOGRAPHICS
APARTMENTS
215 PERRIS GARDEN
APARTMENTS
13
Made with Esri Business Analyst
2012 DEMOGRAPHIC CENSUS
RIVERSIDE, CA FAST FACTS • Population 2.2 M (est. for 2012)
Population
Median HH Income
1 mile
3 mile
5 mile
25,097
67,437
99,774
• 3% Gross Metro Product Growth in 2012 • Total Civilian Employment 1,145,000 (October 2012)
$45,500
$45,037
$44,931
Total Housing Units
6,367
17,716
26,950
Renter Occupied Units
36.8%
32.8%
31.0%
25.4
26.2
27.5
Median Age
• 1.31% Projected Annual Population Growth Rate 2012-2017
• .9% Job Growth in 2012 Source: MOODY’S ANALYTICS / Précis U.S. Metro/ August 2012; ESRI Business Analyst; US Census; BLS November 2012
*Perris, CA has shown a 90% population growth since 2000
February 13, 2013
14
PERRIS GARDEN
AMENITIES & LOCATION
APARTMENTS
15
PERRIS GARDEN
APARTMENTS
215
Proposed Clearwater Elementary School
ROSEMEAD
5
§ ¦ ¨ 10
EAST LOS ANGELES
HUNTINGTON PARK
INGLEWOOD HAWTHORNE
§ ¦ ¨ 105
MONTEBELLO PICO RIVERA DOWNEY
BELLFLOWER
NORWALK
WEST COVINA POMONA DIAMOND HACIENDA BAR HEIGHTS Los Angeles Co. Orange Co.
FULLERTON
UPLAND ONTARIO
CHINO CHINO HILLS
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REDONDO YORBA 91 BEACH GARDENA PARAMOUNT LINDA 91 BUENA CARSON ANAHEIM PARK LAKEWOOD TORRANCE 710 GARDEN ORANGE LONG GROVE 405 110 BEACH 110 FOUNTAIN VALLEY TUSTIN HUNTINGTON SANTA ANA LAKE BEACH IRVINE FOREST COSTA MESA 5
§ ¦ ¨
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§ ¦ ¨
NEWPORT BEACH LAGUNA NIGUEL
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60 60
215 215
CORONA
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San Bernardino Co. Riverside Co.
RIVERSIDE
§ ¦ ¨
REDLANDS
COLTON
MORENO VALLEY
§ ¦ ¨ 10 10
PERRIS
PERRIS GARDENHEMET
§ ¦ ¨
APARTMENTS
15
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§ ¦ ¨
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SANTA MONICA
MURRIETA TEMECULA
SAN CLEMENTE
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SAN MARCOS
ESCONDIDO
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Pacific Ocean
§ ¦ § ¨ ¦ ¨ SAN 805
SANTEE
15
DIEGO
LA MESA
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§ ¦ ¨ 8
NATIONAL CITY CHULA VISTA 16
For More Information Please Contact:
Ray Adams
858.546.5456 [email protected] Lic. 01298909
Cassidy Turley 4350 La Jolla Village Drive, Suite 500 T: 858.546.5400 F: 858.630.6320 cassidyturley.com/sandiego
This document has been prepared by Cassidy Turley Commercial Real Estate Services for advertising and general information only. Cassidy Turley Commercial Real Estate Services makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Cassidy Turley Commercial Real Estate Services excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Cassidy Turley Commercial Real Estate Services and/or its licensor(s) ©2014. All rights reserved. K:\PerrisGardensApts\OM
PERRIS GARDEN
APARTMENTS 650 East Nuevo Road, Perris, CA 92571
PERRIS GARDEN
APARTMENTS The Perris Garden Apartments consists of a quality 92-unit multi-family income property. The property was constructed in 2008 and offers a desirable unit mix of 1, 2 and 3 bedroom units. Additionally, the property is gated, includes uncovered and carport parking, and offers an extensive package of common area amenities.
1
INVESTMENT OFERRING
PROPERTY HIGHLIGHTS
• Price: $12,500,000
• Built in 2008
• Cap Rate: Current 5.0%
• Desirable unit mix
• Market rental rates: 5.8%
• Low in-place rental rates
• Price/Unit: $135,870
• Rent increase potential
• Price/SF: $123
• Fully amenitized project • Metal carports
PROPERTY INFORMATION • Improvement SF: Approximately 101,340 • Land Acres: Approximately 4.4 acres • APN: 320-320-007 • Gas & Electricity: Separately metered
• Quality fencing and gates • Large units with spacious patios or balconies • Easy-care landscaping • Low maintenance improvements • Priced below replacement costs
• Water, Sewer, Trash, RUBS • 92 Units • Parking: Metal carports and uncovered spaces
2
PERRIS GARDEN
PROPERTY FEATURES
APARTMENTS
3
PROJECT FEATURES
INTERIOR AMENITIES
• Pool and Spa
• In-Unit Washer / Dryers
• Gated Complex
• All Kitchen Appliances
• Covered Parking
• Forced air heating and air conditioning
• Surveillance Cameras
• Ceramic Tile, Vinyl, and Carpet flooring
• BBQ Area
• Walk-In Closets in select units
• Playground Area
• Private Balconies / Patios in Each Unit
• Apartment Clubhouse • Fitness Center • Rental Office
4
PERRIS GARDEN
APARTMENTS
INVESTMENT SUMMARY
INVESTMENT SUMMARY
5
Perris Garden Apts.
$12,500,000
10.94
10.16
Project Name
Price
GRM
Mkt. GRM
650 East Nuevo Rd.
92
5.0%
5.8%
Total Units
Cap Rate
Mkt. Cap Rate
$135,870
$123
$0.94
Price/Unit
Price/SF
Rent/SF
# OF UNITS
APPROX. SF
CURRENT RENT
MARKET RENT
16
875
$806
$875
Address Perris
CA
92571
City, St Zip
UNIT MIX 1 bed, 1 bath 2 bed, 2 bath
52
1075
$968
$1,050
3 bed, 2 bath
16
1300
$1,126
$1,200
3 bed, 2 bath
8
1330
$1,126
$1,200
$90,025
$97,400
RUBS water
$3,243
$3,243
Late fees, credit, charges
$1,917
$1,917
Monthly Gross Income
$95,185
$102,560
Annual Gross Income
$1,142,220
$1,230,720
PROPERTY DESCRIPTION 2008
4.4 acres
yes
separate
yes / yes
Year Built
Approx. Lot Size
# Carports
Gas/Elect. Mtrs.
Pool/Spa
101,340
MFR-22
yes
individual
forced air
Building SF.
Zoning
# Uncovered
Water Heater(s)
Air Conditioning
6 2-story
320-320-007
no
Slab, Stucco/rock, tile roof.
# of Buildings
APN
# Garages
Construction
6
PERRIS GARDEN
APARTMENTS
INCOME & EXPENSE SUMMARY
Existing Financing
7
Originated 07/05/2013
Original Balance: $6,825,000
4.16% Fixed until 8/6/2023, Monthly Payment $33,216.28 ½% assumption fee Yield Maintenance until 05/06/2023 Proposed Financing
% of Value
Down Payment Assume Existing First Loan
4.16%
Annual Gross Scheduled Income
46%
$5,812,000
54%
$6,688,000
Total
$12,500,000
Current Rents
Market Rent
$1,142,220
$1,230,720
Vacancy and Collection Loss
6.5% ($74,244)
5.0%
($79,997)
Concessions
2.3% ($26,000)
2.0%
($24,614)
($15,000)
($15,000)
$1,052,315
$1,150,723
($423,960)
($423,960)
Net Operating Income
$628,355
$726,763
Capitalization Rate
5.0%
5.8%
New First Loan
($398,595)
($398,595)
Cash Flow
$229,760
$328,168
Cash on Cash Return
4.0%
5.6%
Employee Lodging Effective Gross Income Estimated Expenses Real Estate Taxes
1.06%
Insurance Utilities
$16,000 $42
Contract Services
$95,891 $10,000
Advertising and Promotions Prof. Management
$132,500
$2,000 3%
$31,569
Legal
$2,000
Administrative
$19,000
Resident Manager (+Free Rent)
$20,000
Repairs and Maintenance
$800/unit
$73,600
Replacement Reserves
$200/unit
$18,400
Misc. Total Expenses
$3,000 $4,608/unit
8
PERRIS GARDEN
APARTMENTS
1
2
Cantabria Apartments 30951 Hanover Lane, Menifee, CA 92584
Reserve at Moreno Valley 15100 Moreno Beach Drive, Moreno Valley, CA 92555
SALE COMPS
Sold on 06/20/2013 for $31,000,000, 230 Units
4
Sold on 04/24/2013 for $23,750,000, 176 Units
Price/Unit
Price/SF
GRM
CAP Rate
Year Built
Price/Unit
Price/SF
GRM
CAP Rate
Year Built
$134,783
$148
N/A
5.3%
2009
$134,943
$136
10.82
5.8%
2005
5
The Hills at Quail Run 5059 Quail Run Road, Riverside, CA 92507 Sold on 07/15/2013 for $32,000,000, 208 Units
7
Sold on 03/04/2014 for $31,875,000, 212 Units
Price/Unit
Price/SF
GRM
CAP Rate
Year Built
Price/Unit
Price/SF
GRM
CAP Rate
Year Built
$153,846
$170
N/A
5.5%
1998
$150,354
$115
N/A
N/A
2001
River's Edge Apartments 2088 East Lakeshore Drive, Lake Elsinore, CA 92530 Sold on 04/26/2013 for $24,000,000, 164 Units
9
GranMarc at University Village 3549 Iowa Road, Riverside, CA 92507
Price/Unit
Price/SF
GRM
CAP Rate
Year Built
$130,435
$142
N/A
5.2%
2007
Avon
Terrace Rubidoux
Mira Loma
Pedley
5 5 215 215
44
Riverside
60 60
91
3
Moreno Valley
33
Mission Grove Park 7450 Northrop Drive, Riverside, CA 92508
22
66
Sold on 11/26/2013 for $76,370,000, 432 Units Price/Unit
Price/SF
GRM
CAP Rate
Year Built
$176,782
$167
N/A
*5.5%
2001 *projected
15
PERRIS GARDEN
6
APARTMENTS
Corona Pointe 3957 Pierce Street, Riverside, CA 92505
Perris
Sold on 10/30/2012 for $96,400,000, 714 Units Price/Unit
Price/SF
GRM
CAP Rate
Year Built
$135,014
$159
N/A
5.8%
1986
215 215
Sun City
15
Lake Elsinore
11 77
215 215
10
PERRIS GARDEN
APARTMENTS
RENT SURVEY
1
4
7
11
Antelope Ridge 27757 Aspel Road, Menifee, CA 92585
2
Cantabria 30951 Hanover Lane, Menifee, CA 92584
Unit Mix
# Units
Approx SF
Current Rent
Unit Mix
# Units
Approx SF
Current Rent
1 bed, 1 bath
96
792
$1,010
1 bed, 1 bath
68
752-776
$1,040-$1,060
2 bed, 2 bath
74
984
$1,180
1 bed, 1 bath
60
905-968
$1,150-$1,320
2 bed, 2 bath
36
1,121
$1,325
2 bed, 2 bath
92
1,054-1,109
$1,340-$1,445
2 bed, 2 bath
42
1,260
$1,350-$1,425
2 bed, 2 bath
10
1,114
$1,580-$1,630
Broadstone Rancho Belago 27625 East Trail Ridge Way, Moreno Valley, CA 92555
5
Broadstone Overlook 12963 Moreno Beach Drive, Moreno Valley, CA 92555
Unit Mix
# Units
Approx SF
Current Rent
Unit Mix
# Units
Approx SF
Current Rent
1 bed, 1 bath
142
708-782
$1,075-$1,350
1 bed, 1 bath
132
741
$1,030-$1,125
2 bed, 2 bath
88
1,128
$1,575
2 bed, 2 bath
100
1,078-1,105
$1,285-$1,360
3 bed, 2 bath
16
1,187
$1,685
3 bed, 2 bath
24
1,398
$1,540
Ridgeview 25335 Alessandro Boulevard, Moreno Valley, CA 92553
8
Reserve at Moreno Valley Ranch 15100 Moreno Beach Drive, Moreno Valley, CA 92555
Unit Mix
# Units
Approx SF
Current Rent
Unit Mix
# Units
Approx SF
Current Rent
1 bed, 1 bath
68
795-833
$925-$940
1 bed, 1 bath
48
763
$1,045-$1,220
2 bed, 2 bath
160
1,059-1,081
$1,160-$1,200
2 bed, 1 bath
112
1,031
$1,265-$1,440
3 bed, 2 bath
72
1,207-1,223
$1,240-$1,320
3 bed, 2 bath
16
1,202
$1,470-$1,545
91
Riverside
215 215
Moreno Valley
11 11 88
66 77
10 10
60 60
9 10 10
3
Enclave at Menifee 30300 Antelope Road, Menifee, CA 92584 Unit Mix
# Units
Approx SF
Current Rent
1 bed, 1 bath
104
740-792
$1,015-$1,045
2 bed, 2 bath
191
998-1,121
$1,255-$1,325
3 bed, 2 bath
41
1,320
$1,545-$1,565
PERRIS GARDEN
APARTMENTS Perris
4
6
Alavista at Towngate 12845 Frederick Street, Moreno Valley, CA 92553 Unit Mix
# Units
Approx SF
Current Rent
1 bed, 1 bath
120
708-860
$1,023-$1,031
2 bed, 1 bath
48
993-1,002
$1,063-$1,187
2 bed, 2 bath
100
1,124-1,300
$1,284-$1,328
215 215
1 1
Sun City
15 15
Lake Elsinore
9
3 3 22
Stonegate at Towngate 12640 Memorial Way, Moreno Valley, CA 92553 Unit Mix
# Units
Approx SF
Current Rent
1 bed, 1 bath
72
803
$1,135-$1,175
2 bed, 1 bath
312
1,067
$1,225-$1,295
3 bed, 2 bath
168
1,233
$1,485-$1,515
5 5
Wildomar 215 215
15 15
Murrieta 12
PERRIS GARDEN
FAST FACTS & DEMOGRAPHICS
APARTMENTS
215 PERRIS GARDEN
APARTMENTS
13
Made with Esri Business Analyst
2012 DEMOGRAPHIC CENSUS
RIVERSIDE, CA FAST FACTS • Population 2.2 M (est. for 2012)
Population
Median HH Income
1 mile
3 mile
5 mile
25,097
67,437
99,774
• 3% Gross Metro Product Growth in 2012 • Total Civilian Employment 1,145,000 (October 2012)
$45,500
$45,037
$44,931
Total Housing Units
6,367
17,716
26,950
Renter Occupied Units
36.8%
32.8%
31.0%
25.4
26.2
27.5
Median Age
• 1.31% Projected Annual Population Growth Rate 2012-2017
• .9% Job Growth in 2012 Source: MOODY’S ANALYTICS / Précis U.S. Metro/ August 2012; ESRI Business Analyst; US Census; BLS November 2012
*Perris, CA has shown a 90% population growth since 2000
February 13, 2013
14
PERRIS GARDEN
AMENITIES & LOCATION
APARTMENTS
15
PERRIS GARDEN
APARTMENTS
215
Proposed Clearwater Elementary School
ROSEMEAD
5
§ ¦ ¨ 10
EAST LOS ANGELES
HUNTINGTON PARK
INGLEWOOD HAWTHORNE
§ ¦ ¨ 105
MONTEBELLO PICO RIVERA DOWNEY
BELLFLOWER
NORWALK
WEST COVINA POMONA DIAMOND HACIENDA BAR HEIGHTS Los Angeles Co. Orange Co.
FULLERTON
UPLAND ONTARIO
CHINO CHINO HILLS
Å Ä
REDONDO YORBA 91 BEACH GARDENA PARAMOUNT LINDA 91 BUENA CARSON ANAHEIM PARK LAKEWOOD TORRANCE 710 GARDEN ORANGE LONG GROVE 405 110 BEACH 110 FOUNTAIN VALLEY TUSTIN HUNTINGTON SANTA ANA LAKE BEACH IRVINE FOREST COSTA MESA 5
§ ¦ ¨
§ ¦ ¨
RIALTO
§ ¦ ¨
NEWPORT BEACH LAGUNA NIGUEL
Ä § ¦@ ¨
MISSION VIEJO SAN JUAN CAPISTRANO
60 60
215 215
CORONA
YUCAIPA
San Bernardino Co. Riverside Co.
RIVERSIDE
§ ¦ ¨
REDLANDS
COLTON
MORENO VALLEY
§ ¦ ¨ 10 10
PERRIS
PERRIS GARDENHEMET
§ ¦ ¨
APARTMENTS
15
Ri Ora ve n rs ge id C e o. Co .
§ ¦ ¨
Lo San s An Be gel r na rd
SANTA MONICA
MURRIETA TEMECULA
SAN CLEMENTE
Riverside Co. San Die go Co.
OCEANSIDE VISTA
§ ¦ ¨ 5
CARLSBAD
SAN MARCOS
ESCONDIDO
ENCINITAS
Pacific Ocean
§ ¦ § ¨ ¦ ¨ SAN 805
SANTEE
15
DIEGO
LA MESA
EL CAJON
§ ¦ ¨ 8
NATIONAL CITY CHULA VISTA 16
For More Information Please Contact:
Ray Adams
858.546.5456 [email protected] Lic. 01298909
Cassidy Turley 4350 La Jolla Village Drive, Suite 500 T: 858.546.5400 F: 858.630.6320 cassidyturley.com/sandiego
This document has been prepared by Cassidy Turley Commercial Real Estate Services for advertising and general information only. Cassidy Turley Commercial Real Estate Services makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Cassidy Turley Commercial Real Estate Services excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Cassidy Turley Commercial Real Estate Services and/or its licensor(s) ©2014. All rights reserved. K:\PerrisGardensApts\OM
