HomeMy WebLinkAbout2018-0801
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RESOLUTION NO. 2018-80
RESOLUTION OF THE MAYOR AND CITY COUNCIL OF CITY OF SAN
BERNARDINO, CALIFORNIA, ACTING AS THE SUCCESSOR AGENCY TO THE
REDEVELOPMENT AGENCY OF THE CITY OF SAN BERNARDINO, CALIFORNIA,
APPROVING A PURCHASE AND SALE AGREEMENT BETWEEN THE SUCCESSOR
AGENCY AND THE CITY OF SAN BERNARDINO, ACTING IN THE CAPACITY AS
THE SUCCESSOR HOUSING AGENCY TO THE REDEVELOPMENT AGENCY OF THE
CITY OF SAN BERNARDINO WITH RESPECT TO THE REAL PROPERTY LOCATED
AT 1348 UNION STREET, SAN BERNARDINO, CALIFORNIA (APN 0139-231-34), AND
APPROVING CERTAIN RELATED ACTIONS
WHEREAS, pursuant to Health and Safety Code (the "HSC") § 34172 (a) (1), the
Redevelopment Agency of the City of San Bernardino was dissolved on February 1, 2012; and
WHEREAS, consistent with the provisions of the HSC, the Mayor and City Council of the
City of San Bernardino previously elected to serve in the capacity of the Successor Agency to the
Redevelopment Agency of the City of San Bernardino (the "Successor Agency"); and
WHEREAS, consistent with the provisions of the HSC, the Mayor and City Council of the
City of San Bernardino previously elected to serve in the capacity of the Successor Housing
Agency to the Redevelopment Agency of the City of San Bernardino (the "Successor Housing
Agency"); and
WHEREAS, the Oversight Board to the Successor Agency (the "Oversight Board") has
been established pursuant to HSC § 34179 to assist in the wind -down of the dissolved
redevelopment agency; and
WHEREAS, on September 15, 2015, the Successor Agency submitted its Oversight
Board -approved Long -Range Property Management Plan (the "LRPMP") to the California
Department of Finance (the "DOF"); and
WHEREAS, on December 31, 2015, the DOF approved the Successor Agency's LRPMP
and notified the Successor Agency that pursuant to HSC § 34191.3, the approved LRPMP shall
govern, and supersede all other provisions relating to the disposition and use of all the real property
assets of the former redevelopment agency; and
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WHEREAS, the approved LRPMP, which addresses the disposition and use of the real
property assets held by the Successor Agency, includes 230 parcels of land grouped into forty-six
(46) separate sites, eighteen (18) of which were designated as government use sites, seven (7) of
which are designated as future development sites and twenty-one (21) of which were designated to
be sold; and
WHEREAS, the Successor Agency is the owner of that certain real property consisting of
approximately 0. 11 acres of land located at 1348 Union Street, San Bernardino, California (APN 0139-
231-34) (the "Property"); and
WHEREAS, within the LRPMP, the Property is: i) identified as Site No. 33; ii) described as
a 0.11 -acre parcel zoned Residential Suburban; iii) designated for sale; and iv) more fully described in
Exhibit "A" attached hereto, which is an excerpt from the LRPMP; and
WHEREAS, on March 6, 2017, the Successor Agency Board approved the original
Property Disposition Strategy, which among other things, authorized a competitive process that
would result in listing for sale of 18 real property sites with a real estate broker (two of which are
owned by the City of San Bernardino); and
WHEREAS, on August 16, 2017, the Successor Agency Board approved the "Amended
Property Disposition Strategy", which: i) reduced the number of real property sites to be listed with
a real estate broker from 18 to 16 (one of which is owned by the City of San Bernardino); ii)
provided for an alternate method of real property disposition for the two real property sites removed
from the group to be listed with a real estate broker; iii) where applicable, provided a current status
update on completed and pending real property transfers; and iv) established an Escrow and Title
Administrative Management Fee to allow the City to recover a portion of the cost of its services
with respect to the management of the sale of real property assets; and
WHEREAS, consistent with the amended Property Disposition Strategy, on October 18,
12017, the Successor Agency approved an Agreement with Keller Williams (the "KW Agreement")
to list and sell 15 real property sites of the Successor Agency (the City entered into a separate
agreement with Keller Williams for its single real property site); and
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WHEREAS, as a part of the KW Agreement, KW is required to prepare a Broker's Opinion
of Value (the `BOV") for each Successor Agency property that is to be sold; and
WHEREAS, based on past practice, the DOF has acknowledged that BOVs are an acceptable
method and basis for confirming that the value of real property being sold is fair and reasonable; and
WHEREAS, in response to the listing, KW received, thoroughly reviewed and vetted several
offers to purchase the Property, including one submitted on behalf of the Successor Housing Agency;
and
WHEREAS, the Successor Housing Agency's offer to acquire the Property for affordable
housing purposes matched the highest offer to purchase the Property, which was $49,500 (the
"Purchase Price"); and
WHEREAS, on January 15, 2018, KW submitted its BOV, indicating its opinion that the
market value of the Property, is currently $32,056 (the "BOV Market Value"); and
WHEREAS, in consideration that the Purchase Price exceeds the BOV Market Value by
$17,444, or 54.4%, it may be concluded that the purchase price offered by the Successor Housing
Agency for the Property is fair and reasonable, as more fully described within the BOV, a copy of
which is attached to this Resolution as Exhibit `B"; and
WHEREAS, the Successor Housing Agency intends to fund the Purchase Price from its
program income fund, which derives its funding from the repayment of affordable housing loans that
were made by the former redevelopment agency from the Low- and Moderate -Income Housing Fund
and is sufficient to pay the Purchase Price; and
WHEREAS, once the Property is transferred to the Successor Housing Agency, the
1 Successor Agency will transfer the net Purchase Price to the San Bernardino County Auditor -
Controller that will in turn divide and pay over the net Purchase Price to the affected taxing entities
in proportion to their respective shares of the I% general tax levy, which will include the City, and
WHEREAS, this Resolution will approve the Purchase and Sale Agreement (the "Purchase
and Sale Agreement") between the Successor Agency and the Successor Housing Agency with
respect to the Property, a copy of which is attached to this Resolution as Exhibit "C," and authorize
certain related actions; and
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WHEREAS, consistent with the provisions of the HSC and the LRPMP, the effectiveness l
of the Purchase and Sale Agreement is subject to the approval of the Oversight Board and the DOF;
I and
WHEREAS, this Resolution has been reviewed with respect to applicability of the
California Environmental Quality Act (the "CEQA"), the State CEQA Guidelines (California Code
of Regulations, Title 14, § 15000 et seq., hereafter the "CEQA Guidelines"), and the City's
environmental guidelines; and
WHEREAS, this Resolution does not constitute a "project" for purposes of CEQA, as that
term is defined by CEQA Guidelines § 15378, because this Resolution is an organizational or
administrative activity that will not result in a direct or indirect physical change in the environment, I
per § 15378 (b) (5) of the CEQA Guidelines; and
WHEREAS, all of the prerequisites with respect to the approval of this Resolution have
I been met.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COUNCIL
OF THE CITY OF SAN BERNARDINO AS THE SUCCESSOR AGENCY TO
THE REDEVELOPMENT AGENCY OF THE CITY OF SAN BERNARDINO, AS
FOLLOWS:
Section 1. The foregoing recitals are true and correct and are a substantive part of this
Resolution.
Section 2. The Purchase Price for the Property is determined to be fair and reasonable.
Section 3. The Purchase and Sale Agreement between the Successor Agency and the
Successor Housing Agency for the Property, attached hereto as Exhibit "C", is approved.
Section 4. On behalf of the Successor Agency, the City Manager, in the capacity as
Executive Director of the Successor Agency, or designee, is authorized and directed to execute the
Purchase and Sale Agreement and the grant deed, the form of which is attached to the Purchase and
Sale Agreement, and to take such other actions and execute such other documents as are necessary
to effectuate and close the purchase and sale of the Property and as may otherwise be required to
fulfill the intent of this Resolution.
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Section 5. This Resolution is not a "project" for purposes of CEQA, as that
term is defined by Guidelines § 15378, because this Resolution is an organizational or
administrative activity that will not result in a direct or indirect physical change in the environment,
per § 15378 (b) (5) of the Guidelines.
Section 6. This resolution shall take effect upon: (i) its adoption and execution in the
manner as required by the City's Municipal Code; (ii) the approval of the Purchase and Sale
Agreement by the Oversight Board; and (iii) its review by the DOE
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RESOLUTION OF THE MAYOR AND CITY COUNCIL OF CITY OF SAN
BERNARDINO, CALIFORNIA, ACTING AS THE SUCCESSOR AGENCY TO THE
REDEVELOPMENT AGENCY OF THE CITY OF SAN BERNARDINO, CALIFORNIA,
APPROVING A PURCHASE AND SALE AGREEMENT BETWEEN THE SUCCESSOR
AGENCY AND THE CITY OF SAN BERNARDINO, ACTING IN THE CAPACITY AS
THE SUCCESSOR HOUSING AGENCY TO THE REDEVELOPMENT AGENCY OF THE
CITY OF SAN BERNARDINO WITH RESPECT TO THE REAL PROPERTY LOCATED
AT 1348 UNION STREET, SAN BERNARDINO, CALIFORNIA (APN 0139-231-34), AND
APPROVING CERTAIN RELATED ACTIONS
I HEREBY CERTIFY that the foregoing Resolution was duly adopted by the Mayor and
City Council of the City of San Bernardino at a Joint Regular Meeting thereof, held on the 21St day
of March 2018, by the following vote, to wit:
Couneil Members:
AYES
MARQUEZ
x
BARRIOS
C�
VALDIV IA
SHORETT
x
NICKEL_
RICHARD
iC
MULVIHILL_
NAYS ABSTAIN ABSENT
Georgean Hanna, C , City Clerk
The foregoing Resolution is hereby approved this 21St day of March 2018.
c !' 'L e
R. Carey Davis./Mayor
City of San ernardino
Approved as to form:
Ga
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Narrative for Site No. 33
1348 Union Street, San Bernardino
(APN 0139-231-34)
Excerpted from the
Long -Range Property Management Plan
(Pages 160-163)
(See Attachment)
7
EXHIBIT "A"
Successor Agency to the Redevelopment
Agency of the pry of San Bernardino
Long Range Property Management Plan
September 2015
Site No. 33: Vacant Union Street Residential Property
Address: 1348 Union Street
APN.• 0139-231-34.
160
V. Property to be Sold
Site No. 33 - Vacant Union Street Residential Property
is -.ti 1 SucccrsorAgencytotheRedevelopment
I ,t'•-, ';
Agency ojdw0iyofS-B—ardino
�-: Long -Range Property Management Plan
September 2015
Site No. 33: Vacant Union Street Residential Property
A. Permissible Use (SSC %1� 34191.5 (c) (2) :
Site No. 33 is the Vacant Union Street Residential Property (the "Vacant Residential Property")
and is proposed to be sold by the Successor Agency.
B. Acauisitron ofPronerty BSC 6 34191.5 (c) (1) (A) and 6 34191.5 (c) (1) (M):
Property records indicate that the Vacant Residential Property was acquired by the Agency in
January 2010, and carries a Book Value of $20,550. The Vacant Residential Property was acquired
by the Agency in order to meet the revitalization goals of City and the Agency to alleviate the
existence and spread of physical and economic blight. The estimated current value (the "ECV') of
the Vacant Residential Property is approximately $55,000.
C Site Information (HSC.6 34191.5 (c) (1) (C)):
The Vacant Residential Property consists of one (1) 0.16 -acre parcel (APN 0139-231-34) located at
1348 W. Union Street. The Vacant Residential Property is zoned Residential Suburban (RS). The
RS designation is intended to promote the development of single-family detached units in a
suburban setting with a minimum lot size of 7,200 square feet, and a maximum density of 4.5 units
per net acre.
D. Estimated Current Value [SSC, 34191.5 L2_L1l_fD�1
To determine an ECV for the Vacant Residential Property, in January 2015, the Agency conducted
a comparable sales analysis through the National Data Collective. The ECV was determined to be
approximately $55,000.
Local factors were not taken into consideration in determining the ECV of this site. The ECV is
only a rough estimate that was obtained from an on-line source where only comparable sales data
are available. It is not possible to include environmental issues or any other special or unique factors
into simple ECV calculations, as such data are not available from the source. Therefore, the actual
value of the property may vary significantly from the ECV. The Successor Agency notes that in
the environment of AB 1484, it may not be possible to achieve appraised values. The Successor
Agency will be in charge of the process seeking to achieve successful marketing of properties, and
will act with reasonable diligence. However, the constraints and environment of AB 1484 militate
against maximizing prices. The actual sales prices to be realized will be a function of what a willing
buyer is willing to pay under circumstances where there will be no seller financing and dispositions
will be subject to Oversight Board approval. There is no reason to think that book values will be
realized.
E. Site Revenues (HSC.6 34191.5 (c) (1) (E)):
There are no site revenues generated from the Vacant Residential Property.
F. Historp of Environmental Contamination SSC ; 34191.5 [e} il) Fly:
There is no known history of environmental contamination.39
30 .Yil eo"cker.waterboards.ce. ov! 19CMD=runr •r>rt&m address=1348+W.+Union+St+San4EIenardno
161
V. Property to be Sold
Site No. 33 - Vacant Union Street Residential Property
SuermorAgency to the Redevelopment
Agency ofthe (Sty of San Bernardino
Long -Range Property Management Plan
September 1015
Site No. 33: Vacant Union Street Residential Property
G. Potential or Transit OrientedDiment TOD�andlheAdvancementolPlannin-Objectives
of the SuccessorApencv (HSC 0 34191.5 (c) (1) (G)1:
There is no potential for a TOD in conjunction with Vacant Residential Property.
Selling the Vacant Residential Property advances the planning objectives of the Successor Agency
and the City to develop and revitalize this area of the community through the creation of
opportunities for private investment in the City.
H. Histo,-,, of Previous Develor,mentPro posals and Acti ' HSC ' 34191.5c 1 H)):
There is no history of previous development proposals or activities in conjunction with the Vacant
Residential Property.
L Disposition ofPro�er
The Successor Agency proposes to sell the Vacant Residential Property in accordance with the
Successor Agency's policies and procedures for property disposition as shown in Exhibit "A"
Section I. Purchase and Sale Procedures.
The ECV of the Vacant Residential Property is approximately $55,000.
Date of estimated current value — January 2015
Value Basis — The ECV was determined by a comparable sales analysis using the National
Data Collective subscription service. The ECV is approximately $55,000.
Local factors that may affect land value were not taken into consideration. Therefore, the, actual
value of the property may vary greatly from the ECV. The ECV is only a planning number
and should not be relied upon as a basis for actual value.
Proposed sale date — TBD and subject to the Successor Agency's implementation of its policies
and procedures for property disposition as shown in Exhibit "A."
Proposed sale value — TBD and subject to a fair market appraisal conducted by a licensed
appraiser.
The Successor Agency notes that in the environment of AB 1484, it may not be possible to achieve
appraised values. The Successor Agency will be in charge of the process seeking to achieve
successful marketing of properties, and will act with reasonable diligence. However, the
constraints and environment of AB 1484 militate against maximizing prices. The actual sales prices
to be realized will be a function of what a willing buyer is willing to pay under circumstances where
there will be no seller financing and dispositions will be subject to Oversight Board approval. There
is no reason to think that book values will be realized.
162
V. Property to be Sold
Site No. 33 - Vacant Union Street Residential Property
Succemr Agency to the Redevdopment
Agency ofthe QV of San Bernardino
. r Log -Range Property Management Plan
September 2015
Site Na 33: Vacant Union Street Residential Property
J. Im plementadon oi the Lon« Ran ge Pro�e+ r Mana gement Plan:
Following the approval of the LRPMP by the DOF, the Successor Agency will implement the
LRPMP.
For properties to be sold, implementation will include distribution of any land sales proceeds for
enforceable obligations and/or distributed as property tax to the taxing entities. Due to the vagaries
associated with the sale of land, such as uncertainties concerning the timing of sale and the price
that would be realized, it is not feasible to precisely state in the LRPMP how the funds will be used.
In that regard, once an agreement is reached with respect to the purchase and sale of a property, the
agreement will be presented to the Oversight Board for concurrence. The Oversight Board's
approval will be evidenced by a resolution that will be submitted to DOF and, per the HSC, is
subject to DOF's review. That resolution will include or refer to a staff report which describes with
greater particularity, once more facts are known, how the proceeds of sale will be distributed. As
noted in Section I — Introduction of the LRPMP, the LRPMP provides that proceeds of the sale may
be used for enforceable obligations and/or distributed as property tax to the taxing entities through
the County Auditor -Controller. The need to retain some or all of the proceeds of sale for
enforceable obligations will depend on whether there is a short -fall in RPTTF in the ROPS cycle
during which the escrow is anticipated to close. If a short -fall were to occur in the RPTTF at that
time, then all or a portion of the sale proceeds should be used to fulfill an enforceable obligation
with any remaining sale proceeds then distributed as property tax to the taxing entities through the
County Auditor -Controller. If there is not a short -fall in RPTTF at the time of close of escrow,
then land sale proceeds would be distributed as property tax to the taxing entities through the
County Auditor -Controller in a manner described at the time of Oversight Board approval as to a
particular property sale. Since it is impossible to foresee when and if a short -fall in the RPTTF
may occur, or when the property will be sold, the use of the sale proceeds cannot be specifically
determined at this time and, therefore, cannot be stated with greater particularity in the LRPMP.
However, it is clear that at the time a sale takes place, the sale will be brought back to the Oversight
Board and will be subject to review.
163
V. Property to be Sold
Site Aro. 33 - Vacant Union Street Residential Property
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Broker's Opinion of Value
Prepared by
Keller Williams
(See Attachment)
EXHIBIT "B"
1348 Union St., San Bernardino, CA 92411
PREPARED FOR:
Ms. Lisa Connor
Project Manager
Successor Agency to the Redevelopment Agency
of the City of San Bernardino
290 N. "D" Street - 3rd Floor
San Bernardino, CA 92401
FOR THE PROPERTY LOCATED AT:
1348 Union St.
San Bernardino, CA 92411
A P N: 0139-231-34
JANUARY 15, 2018
vw rnmuPprfef ninu l a5 AmoLDsam vrmNETH PATTERSON
1473 Ford Street Commercial Real Estate Investment Advisor Agent
Redlands, CA 92373 909.478.4517 909.793.2100
dreynoldson@kwcommercial.com kenpcommercial@gmail.com
BRE #01456022
We obtained the hfomrtlon above from sources we believe to be reiabfa However, we true not vWVW IN, aoamey and reale, no Weraltee. wanwdy or represeMetion about
N. K Is mbrrilled erbJed to the poseblity of eeora, omiesbre. drupe of price, rented or ober candtlQr. prior sets, base or tYrncing, or vNMrewel withort notice. We hdtde
pnyociiom ophione, amimplions or sawrides for example only. and they may not represent current or lanae perlormeroa oflhe property. You and your tax and legal adveors
at. condrwt y. oxn Inveetlgatlon of the property end trensecllan.
.VVVVv. M1W WI I II I IGI tilill.[iul 11
1348 Union St., San Bernardino, CA 92411
TABLE OF CO'VTEWTS
Broker's Opinion of Value
• Property Profile
• Location Aerial
• Assessor's Parcel Maps
• Location Map
Comparable Salmi
Comparaple #1
• Property Profile
• Assessor's Parcel Map
• Aerial
Comparable #2
• Property Profile
• Assessor's Parcel Map
• Aerial
Comparable #3
• Property Profile
• Assessor's Parcel Map
• Aerial
Leading Broker's Resume
f
COMMERCIAL
row MMMMMAI nniim AS RFYNnt nsnN I¢NNFM PATTERSON
1473 Ford Street Commercial Real Estate Investment Advisor Agent
Redlands, CA 92373 909.478.4517 909.793.2100
dreynoldson@kwcommercial.com kenpcommercial@gmail.com
BRE 01458022
We ohlelnad the idoffrMon above tram eomoee we believe to be reliable. However, we have not vedked ice accuracy end make no guerentee, mum* or reprentationaba6
'ft is subs sud4e t to the powbW of more, orrledons, ctwge of price, rental or offm condborw, prior sale, least or fxre nhii, or wkhcsawal wkhold notice. we hcuds
prod .r. olmor , assunpe. or eathmtes for example orty, and the/ may not represent aunt or future perforrna a of die property. You ed your tax and legal ad✓sors
should conduct you own knestUaLlon of the property and trarmcgon.
. W W.KWILU11Iflurul3LCUM
1348 Union St., San Bernardino, CA 92411
January 15th, 2018
Ms. Lisa Connor
Project Manager
Successor Agency to the Redevelopment Agency
of the City of San Bernardino
290 N "D" Street — 3rd Floor
San Bernardino, California 92401
RE: Broker Opinion of Value for Site No. 33 —APN 0139-231-34
Dear Ms. Connor:
r
COMMBRCIAL
We have prepared the following report regarding our opinion of value for the above referenced
property. We utilized a comparable sales approach to determine our opinion of value for this
property.
The subject property is zoned Single Residential ("RS"), which allows for a single family
residential home and consists of one parcel of land approximately 0.11 acres (4791.6 SF).
Com r i arable Sales
As further described within this report, within the last 5 months, there have been 3 property sales
which can be used as sale comparable for this Site. The comparable are all zoned RS. The Sale
Comparable dates run from August 2017 to January 2018. The Sale Comparables are
summarized below:
Sales Comparables Summary
APN Address
Property Site 0139-231-34 1348 Union St.
Sale Comparable #1 0144-181-20 1042 Magnolia Ave.
Sale Comparable #2 0139-312-04 747 N. Harris St.
Lot Size SF Last Sale Value Sale Date
4791.6
6,750
7,500
Sale Comparable #3 0142-283-13 0 Congress St. 6,223
Average Price/SF
$39,000
$43,000
$55,000
$6.69
11107/17
08/16/17
01/03/18
KW COMMERCIAL DOUGLAS REYNOLDSON lrcumc Tw DATTFRenm
1473 Ford Street Commercial Real Estate Investment Advisor Agent
Redlands, CA 92373 909.478.4517 909.793.2100
dreynoldsongkwcommercial.com kenpcommercial@gmail.com
BRE #01456022
We obb* e Uwidarrrw[on above Mom eouroae we believe to be Mkble. Hovveror, we fmva nal vedfled hs sowmcy wW maks no g wantes, ymmly or represertallon about
N. It Is submhted aubject to the posslblldy of errora, ornisabla. dwW of pdoe, rardst or oftr oarcftm Prior sale, lease or*anchtg, or wdhdcmval wm d notice. We Frc*
pnoladlors opinlons, assrrnPtlons or estlmstes for example or*, and grey may not reprasNt OMNI! or tubae per"nWpe of ttre Property. You end your tax and legel edumm
strwkl conduct your own irnestigmion of the Property and tramar,4an.
rwwXwcommercial.com
1348 Union St., San Bernardino, CA 92411
Broker Oi l inion of Value
Based on the foregoing, the average price per square foot of the three vacant Sale Comparables is
$6.69. Applying this average price per square foot to the lot square footage (4,791.60 SF), a
value of $32,055.80 results. It is our opinion that the subject property is worth $32,055.80.
We appreciate the opportunity to prepare this report. Please do not hesitate to call with any
questions.
&ennem ranerson
BRE #00774852
1473 Ford St. #200
Redlands, CA 92373
951-318-8516
kenpcommercial@gmail.com
lrw enUAMCOr+tat int im as Prmini ncr
1473 Ford Street Commercial Real Estate Investment Advisor
Redlands, CA 92373 909.478.4517
dreyrMdwn@kwcommercial.com
BRE #01456022
KFNNM PATTERSON
Agent
909.793.2100
kenpcommercial®gmail.00m
We obtained ft idormellon above from soureee we belbvB to he rallebte. However, ua3 Ireve not vedfied as eommaey and maka no guarantee. v inarnty or reprasentetlpn about
IL It Is abr WAd abject to the possibility of errors, orrbalons, change of price, rental or olhar condkbn& pdor Bale, lease orf wx;k g, or vrflt dw al vihotrt notbe. We hckrde
projedim- opNane, asxmptlons or estlmatea for example only, and trey may not repree&d mmerd or luaae partormaroe of the property. You and your tax and legal adibore
shouldcondst yats own'errestigatbn of the property andtrensantlon.
,ww.Kwsommerciawom
1348 Union St, San Bernardino, CA 92411-2649, San Bernardino County
Owner Information
Owner Name:
Mail Owner Name
Tax Billing Address:
Tax Billing City & State
Location 1 nformation
Zip Code:
Carrier Route:
School District:
Comm College District Code:
Tax Information
APN :
Tax Area:
Tax Appraisal Area:
Legal Description:
Assessment & Tax
N/A N/A 6,900 $49,000
Beds Bldg Sq Ft Lot Sq Ft
N/A N/A RES -NEC
Baths Yr Built
Neighborhood Ptshp Hsng
Svcs
Neighborhood Ptshp Hsng
Svcs
9551 Pittsburgh Ave
Rancho Cucamonga, CA
92411
C043
San Bernardino
San Bernardino Vly J
0139-231-34-0000
7012
12
VERNON HOMES SUB LOT 55
Tax Year Total Tax
2014 $213
...............................................................................................................................
Characteristics
County Land Use:
Universal Land Use:
Lot Frontage:
Lot Depth:
Estimated Value
Vacant Land
Residential (NEC)
50
138
Type
Tax Billing Zip:
Tax Billing Zip+4:
Owner Occupied:
MLS List Price
N/A
Sale Date
91730
6008
No
Census Tract:
Topography:
Neighborhood Code:
Lot:
Water Tax Dist:
Lot Acres:
Lot Area:
Water:
Sewer:
43.02
Flat/Level
091-091
55
San Bemardino Vly J
0.1584
8,900
Public
Public Service
y
RealAVMTm (1): $197,354 Confidence Score (2): 70
RealAVMTm Range: $159,857 - $234,851 Forecast Standard Deviation (3): 19
Value As Of: 01/04/2018
(1) RealAVMT°" is a CoreLogic® derived value and should not be used in lieu of an appraisal.
(2) The Confidence Score is a measure of the extent to which sales data, property Information, and comparable sales support the property valuation analysis process. The
confidence score range is 50 - 100. Clear and consistent quality and quantity of data drive higher confidence scores while lower confidence scores indicate diversity in
data, lower quality and quantity of data, and/or limited similarity of the subject property to comparable sales.
(3) The FSD denotes confidence in an AVM estimate and uses a consistent scale and meaning to generate a standardized confidence metric. The FSD is a statistic that
measures the likely range or dispersion an AVM estimate will fall within, based on the consistency of the information available to the AVM at the time of estimation. The
FSD can be used to create confidence that the true value has a statistical degree of certainty.
Listing Information _
MLS Listing Number: EV17251174 MLS Current List Price: $49,000
MLS Status: Active MLS Original List Price: $49,000
MLS Area: 274 - SAN BERNARDI NO MLS Listing Agent: Evfernlar-Lara Fernandez
Courtesy of LARA FERNANDEZ, KELLER WILLI ANIS REALTY, California Regional MLS
within this report is compiled by CoreLogic from public and private sources. The data is deemed reliable, but is not property Detail
accuracy by the recipient of this report %,Ath the applicable municipality.
Generated on 01/17/2018
Page 1 of 2
MILS Status Change Date: 11/04/2017
MLS Listing #
682834702
. .. .......................................................
............................................
MLS Status
r
;�atv . e . . . ...............
.....
ate .................................
.............................Listing
s t i nig D
. . .
10/18/2017
g ..�rilc a
$49,000
MLS Listing "''... .... r-lc e' .... ......................................................................................
P' 6'
$49,000
. .............................................................
...... . ice ...... ... ....
—g— Close Pr ......................
MLSListing
$ 0
............. ............................................................
Last Market Sale & Sales History
Owner Name:
Neighborhood Ptshp Hsng
Svcs
MLS Listing Broker, KELLER WILLIAMS REALTY
Recording Date
12/06/2017
12/03/2014
.1.............................................O'7
03/18/2011
.............................................TiZgh&�
.............................................Sale Rate
......I...............................I
11 /24/2014
y
iiiffi
Nomina I .... * .......... * ............
.......... ...... * ...... —**—* .......
....... *-- ....... -- .......
...... ..........
...........................................................................................................................................................................................................................................................
Buyer Name
Neighborhood Ptshp Hsng Svcs
Redevelopment Agcy Of San
Bernard
San Bernardino Economic Dev Co
............ I ............................................................................................................................................................................................................................................................
Seller Name
City Of San Bernardino Successor
San Bernardino Economic Dev Cc
Redevelopment Agcy Of San
Bernard
.................................................................
6!R�ment Number
.................... I ................................
�i666
.................... I ................................
463114
.Y ..................... ............... . .. ....... .....
iTR4
... ,i—**.....*......""......
Document
.............................................................
........*.............
..............................................................................................................................................................................I..............
66t6a
i''* ''
......*---*--*.......
.
Mortgage History
Mortgage Date
7 ................ .... ....................................................
w. .i....................I..........
.................................12/.0.6/2.01
i;ge K�cu�i
;:...
i�il��6
Mortgage Lender
EkyHno
................I.........I..........E............................................................
Mortgage
.....................................................................................................................................
onventlonal
Property Map
5D1
MOM
136' I3B'
uhlon st
Union ST Union St
4
Virld St
W 7th st
lip bIng
0.2Dig tAimmuft CQV=j-0n 0 24I7 RM
L* bln6
0 2018 lftm&t Coqw.-fln 0 2DUMME
;17oi Dimensions are Estimated
Courtesy of LARA FERNANDEZ. KELLER WILLI APAS REALTY, California Regional MLS
within this report is compiled by Corel-ogic from public and private sources. The not guaranteed. The
accuracy independently verified by the recipient of this report with the applicable county or municipality. Property Detail
Generated on 01/17/2016
Page 2 of 2
1348 Union St, San Bernardino, CA 92411-2649, San Bernardino County
Courtesy of LARA FERNANDEZ, KELLER WILLIAMS REALTY, California Regional NLS
The data within guaranteed. Property Detail
Generated on 01/17/2018
Page 1 of 2
x
N/A N/A 81800 $49,000
`
I
i
Y
•- ~'
?
Beds Bldg Sq Ft Lot Sq Ft MLS List Price
MY�•
N/A N/A RES -NEC N/A
t
i
�
-
Baths Yr Built type Sale Date
Owner Information
owner Name:
Neighborhood Ptshp Hsng Tax Billing Zip:
91730
Svcs
Mail Owner Name:
Neighborhood Ptshp Hsng Tax Billing Zip+4:
8008
Svcs
Tax Billing Address:
9551 Pittsburgh Ave Owner Occupied:
No
Tax Billing City & State:
Rancho Cucamonga, CA
Location 1 nformation
Zip Code:
92411 Census Tract:
43.02
Carrier Route:
C043 Topography:
Flat/Level
School District:
San Bernardino Neighborhood Code:
091-091
Comm College District Code:
San Bernardino Vly J
Tax I nformation
APN :
0139-231-34-0000 Lot:
55
Tax Area:
7012 Water Tax Dist:
San Bernardino Vly J
Tax Appraisal Area:
12
Legal Description
VERNON HOMES SUB LOT 55
Assessment & Tax
Tax Year
Total Tax
2014
.....................................................................................................................................
$213
Characteristics
County Land Use:
Vacant Land Lot Acres:
0.1584
Universal Land Use:
Residential (NEC) Lot Area:
6,900
Lot Frontage:
50 Water:
Public
Lot Depth:
138 Sewer:
Public Service
Estimated Value
ReaIAVMTM (1):
$197,354 Confidence Score (2):
70
RealAVMTTM Range:
$159,857 - $234,851 Forecast Standard Deviation (3):
19
Value As Of:
01/04/2018
(1) RealAVMTm is a Core Logic® derived value and should not be used in lieu of an appraisal.
(2) The Confidence Score is a measure of the extent to which sales data, property information, and comparable sales support the
property valuation analysis process. The
confidence score range is 60 - 100. Clear and consistent quality and quantity of data drive higher confidence scores while lower confidence scores indicate diversity in
data, lower quality and quantity of data,
and/or limited similarity of the subject property to comparable sales.
(3) The FSD denotes confidence in an AVM estimate and uses a consistent scale and meaning to generate a standardized confidence
metric. The FSD is a statistic that
measures the likely range or dispersion
an AVM estimate will fall within, based on the consistency of the information available
to the AVM at the time of estimation. The
FSD can be used to create confidence that the true value has a statistical degree of certainty.
Listing 1 nformation
MLS Listing Number:
EV17251174 MLS Current List Price:
$49,000
MLS Status:
Active MLS Original List Price:
$49,000
MLS Area:
274 - SAN BERNARDINO MLS Listing Agent:
Evfernlar-Lara Fernandez
Courtesy of LARA FERNANDEZ, KELLER WILLIAMS REALTY, California Regional NLS
The data within guaranteed. Property Detail
Generated on 01/17/2018
Page 1 of 2
MLS Status Change Date:
11/04/2017 MLS Listing Broker: KELLER WILLIAM REALTY
NILS Listing #
............................................
682834702
...... I ................................................
ML5 Status
xai��
..................................
IVLS Listing Date ........................
..iP.
i&j'g7i6i'� .............................................
I ........ ...................................................
MLS Listing r6
-P- ......................$4
i.,;i6 655
...*9'.'O"G"O.............
........ * ... - ..... -- ...........................
i's* t'['n-g-
MLS Orig r-ic" e-
.....................
MLS Listing Clas.. Price
.....................................................................................................
.............................................................
i6 I .......................
Last Market Sale & Sales History
Owner Name: Neighborhood Ptshp Hsng
Svcs
Date
12/06/2017 ........... ......11/24/2014---**..........
12/03/2014
03/18/2011 ...............* ...... - ........... * ........ ........
.�ecordlng ..............
Sale
* ........... Ti'i�gii&T
....... **** .........
03/17/2011
Nominal
........... - .......
Y
............. .......
.........................................................................................................................................................................................................................................................................
Buyer Name
Neighborhood Ptshp Hsng Svcs
Redevelopment Agcy Of San
Bernard
San Bernardino Economic Dev Co
.........................................................................................................................................................................................................................................................................
Seller Name
City Of San Bernardino Successor
San Bernardino Economic Dev Co
Redevelopment Agcy Of San
Bernard
Document Number
516564
463114
112434
.........................
Document Type
I ......... .... ...............................................................................................................................................................................................
&1t Claim Deed
........................................................
Quit Claim Deed
.....................................................................................................................................
Quit Claim Deed
Mortgage History
Nlortgage Date
12/06/2017 ... * .......
--, .....
'
" ..."'..............................
RjigeX;��W
.....................................
i�iW.
....... ....aw&gr
Mortgage Lender
6� ardino
...... .......;ii�ge
:................................................
Code
............................................................................................................
Conventional
Property Map
—.so,— 1
138, 138'
1— 50' "-
Union
Union St Union St
25 yards, wft-st
t* bhg 0 200 froibse. Corporallm 0 2XT rEF!F bk.V
*Lot Dimensions are Estimated
Courtesyof LARA FERNANDEZ, KELLER Wl ILL. I ADM REALTY, California Regional NLS
within
of the
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G 2018 ftrws Owmatin 0 20117 HERE
but is not Property Detail
Generated an 01/17/2618
Page 2 of 2
z
W9111 St
I
w atb st
Vine St
Vine S1
IS
I
25 yards, wft-st
t* bhg 0 200 froibse. Corporallm 0 2XT rEF!F bk.V
*Lot Dimensions are Estimated
Courtesyof LARA FERNANDEZ, KELLER Wl ILL. I ADM REALTY, California Regional NLS
within
of the
W
G 2018 ftrws Owmatin 0 20117 HERE
but is not Property Detail
Generated an 01/17/2618
Page 2 of 2
1348 Union St., San Bernardino, CA 92411
r
COMMERCIAL
al�ltt�
a S r
Kw enjSumr-Reim nnirr i AS RFVNni nSnN KFNNFTH PATTERSON
1473 Ford Street Commercial Real Estate Investment Advisor Agent
Redlands, CA 92373 909.478.4517 909.793.2100
dreynoldson@kwcommercial.com kenpcommercial®gmail.com
BRE #01456022
We obtahA ft hbmwM n above from souses we behave to be reliable. However, we have rot verified is accuracy and =im no grantee, wammly or representwim about
L It is subn*W subject to the poseibilty of errors. mtssiom, dwige at prke. rental or other cortAkm Prior seta, lease or Erenchg, or mdhdrawal wbicut notice. We irA
pmodbm. opinions, assumpliom or esth a as for wmple only, and they may not rspPresW current or %tune perky wm of the property. You and your tax and too eddsors
stx0d conduct your awn YwesUgetim of the property end trerreacllorr.
WWW. KWCOmmerclai.com
1348 Union St., San Bernardino, CA 92411
COMMERCIAL
Comparable Sale #1
• Property Profile
• Assessor's Parcel Map
• Aerial
1n11m an never 1(FNNFTI4 PATTERSON
1473 Ford Street Commercial Real Estate Investment Advisor Agent
Redlands, CA 92373 909.478.4517 909.793.2100
dreynoldson@kwcommercial.com kenpcommerclal@gmall.com
BRE #01456022
We oMelned the htorrnatton above from sauces we Wave to be reliable. Howevar, we have not verified ns accuracy and make no guerentee, wertenty or repnoerda m abotrt
IL It Is wkwAted s sed to the powbW of emom, ombsiore, dwnge or priee, miW a e. on
other crXWM prbr sek, lease or rcenong, or w�awal wattout wb We haide
pn*cffora, cordons, assmpat<un or w&r des for a—Via arty, end they may not reprew t aemnt or f fwm performoce of the property. You and your tax end legal edveors
should oo Wrc1 ymr own kwes lgetbn of the property end trmmedlon.
1042 Magnolia Ave, San Bernardino, CA 92411, San Bernardino County
Owner Information
Owner Name:
Mail Owner Name:
Tax Billing Address:
Tax Billing City & State:
Location Information
Zip Code:
Carrier Route:
Tract Number:
School District:
Tax Information
APN :
Tax Area:
Tax Appraisal Area
Legal Description:
Assessment & Tax
N/A
N/A 6,750
$39,000
Beds
Bldg Sq F, Lot Sq Ft
Sale PriL
N/A
N/A kVCNTLND-NE
10/26/2017
Baths
Yr Built
male Date
Rios Celia
Celia Rios
215 N Riverside Ave
Rialto, CA
92411
CO45
Sunrise
San Bernardino
Tax Billing Zip:
Tax Billing Zip+4
Owner Vesting:
Owner Occupied:
Comm College District Code:
Census Tract:
Topography:
Neighborhood Code:
0144-181-20-0000 Lot:
7012 Block:
12 Water Tax Dist:
SUNRISE HEIGHTS LOT 11 BILK H
92376
5923
Married Woman
No
San Bernardino Vly J
47.00
Flat/Level
091-091
11
H
San Bernardino Vly J
Assessment Year
2017
2016
2015
..................................................................................................................................................................................................................................................
Assessed Value - Total
$24,900
$22,700
$20,000
.....................................................................................................................................................................................................................................................................
Assessed Value - Land
$24,900
$22,700
$20,000
...................................................................................................................................................................................................................................................................
YOY Assessed Change ($)
$2,200
$2,700
..............................................................................................................................
YOY Assessed Change (%)
9.6996
................................................................................................................................
13;5%
Tax Year
Total Tax
Change ($) - --
Change (96)
2014 _
$198 �.
-
.................................................................
2015
.......................................................................................................................................................................................................
$266
$68
34.259
...................................................................................................................................................................................................................................I.............
... ............
.2016
$440
$174
65.61 %
Special Assessment
Tax Amount
Sb Valley Muni Wtr Dbt Svc
$36.88
............................................................. .....
School Bonds
$18.04
.........................................................................................................................
San Bdno Comm College Bond
$7.94
....................................................................................................
Co Vencor Control
$1.30
.............ni. .........................
Total Of Special Assessments
.....................................................................................................................................
9...................................................
$212.68
Characteristics
County Land Use:
Vacant Land
Lot Area:
6,750
Universal Land Use:
Vacant Land (NEC)
Water:
Public
Lot Acres:
0.155
Sewer:
Public Service
Listing Information
MLS Listing Number:
H69199O
MLS Current List Price:
599,999
MLS Status:
Canceled
MLS Original List Price:
$99,999
MLS Area:
274 - SAN BERNARDINO
MLS Listing Agent:
H166139 -Richard Furstenberg
Courtesy of LARA FERNANDEZ, KELLER
WILLIAMS REALTY, California Regional MLS
The data within
Property Detail
accuracy
Generated on 01A 7/2018
Page 1 of 2
MLS Status Change Date:
04/19/2007
MLS Listing Broker:
FURSTENBERG REALTY
NLS Listing #
H603913
..................................................
H600119
I ......................................................................................
H510414 I .................................................
............................................
NLS Status
Canceled
Canceled ....................................................................................................
Expired
.................................
NLS Listin Date
........................
03/24/2006
6i7&7��
. .........................................................................................................................
08/31/2005
NLS Llsttn Price
............................................
$125,000
''* ' '* ........... * .........
*'"*''*D"6
iiS.'000
*'/"" -0- *6 ..... .........
-0-52012/29/2005
'' *
$125,000
..... ...''"""-...'"'......... * ...... * ...... * ......................
..........................................................
' '-i-
.. ... Dae
NLS Listing Cancellation
................................ I ....................................................................
...
/-0.....................................................
06 3/20 ...................................................................................................................................................................
0 3*'/
Ar Homes Inc
Last Market Sale & Sales History
Recording Date:
11/07/2017
Sale Type:
Full
Sale Date:
10/26/2017
Deed Type:
Grant Deed
Sale Price:
$39,000
Owner Name:
Rios Celia
Document Number:
470249
Seller:
Ar Homes Inc
Recording Date
..............................
08/16/2005
..................................&7.................................
Sale Date
iiioi�
................................7
TiZ�70i� ...............................08/16/2005
66�gi
........................................................................................................
..............................
6 �
I................................1..1../.0...7../..2..0..1..7..
Sale
................................1..1../..0..7../..2..0..1..7..
$39,000
............................................
I
.
.......... ... . ...y .................................................
............. .........................................................
Nominal
.....................
V ........................................
I .........................................................................
...............................................
..............................................
Bu er Name
I ....................................................................................
Rios Celia
Rios Cella
... .. ......................................................................................
Ar Homes Inc
I
Palaclos Matilde C
....................................................
........... .............................
Seller Name
4 ... q ......... ....................................
Homes Inc!��
ki� La.,
gar
Palaclos Raymond C
Palaclos Raymond B
...............
Document Number
... .............................
470249
wy&�d ...... ... .............................
602341
......
602339
.....................
Document Type
...............................................................................................................
i� ......................................... I ....................................................................................................................................................................
Grant Deed
Interspousal Deed Transfer
I ................................................
Grant Deed
I .....................................................................................................
Affidavit
Property Map
iz
06
to bhg
'17ot Dimensions are -Estimated
135' 135'
.1 _W501 —1
1:=�Ml
0 2N8 Urc=vP.'GcwporA= 0 2DITHERE
I ,
I Way
I
WINfIt
Marmlift Ave
W-14thEt,
NOW.Ave
0; W13th'st
200 Lards
Courtesy of LARA FERNANDEZ, KELLER WILLIAMS REALTY, California Regional MLS
within data's deemed reliable, but The
aProperty Detail
accuracy of the
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1348 Union St., San Bernardino, CA 92411
KW COMMERCIAL R^"'' 'kS REYNOLDSON VC"'"'rTH PATTERSON
1473 Ford Street Commercial Real Estate Investment Advisor Agent
Redlands, CA 92373 909.478.4517 909.793.2100
dreynoldson@kwcommercial.com kenpcommercial@gmail.com
BRE #01456022
We obWkW the hdomation above from seuroes w s baffive to be rdeble. Howeve , we have not verified 8s WW=y and make no zwantea, warranty or repnnmletlon aWW
h. It Is aubn tted a qad to the pasebfidy of errors, ardsaiaa, longe of prig, mnW or other conditions, prior sale, lease or firendrp, w withdrawal without notice. We hrclude
proodiorn, opinions, assurwiorn or ed hoes for womple oriy, ad tray may not represer4 cuna or future patamanoe of fine property. You and your tax and kfge advisom
should oondID: your Own kwea%P lon of the Property and bel on.
itnryv. Kwcommercial.com
1348 Union St., San Bernardino, CA 92411
F
COMMERCIAL
Comparable #2
0 Property Profiie
0 Assessor's Parcel Map
0 Aerial
Kw r:nMmr-Anal nniIf l AS REYNnL[kenhf KENNETH PATTER5ON
1473 Ford Street Commercial Real Estate Investment Advisor Agent
Redlands, CA 92373 909.478.4517 909.793.2100
dreynokison®kwcommercial.com kenpcommercial@gmail.com
BRE 001456022
We obtained the Womtellon above from sources we bekwe to be releble. However, we have not veiled fta a ccvmcy and naim no guarantee, warredy or repnese Cellon about
iL It is subniaed subject to the possibiRy of erne, onisslocre, change of prbe, rental or cif m corallon% prior eels, I&M or Hering. or vv*Wrewai without notice. We Fdude
pro}dions, or*km assumptlore or esthetes for example only, and they may not mpmwtt Current or fu0.se perfoaTWM Of the property. You and yaw tax and legal advhore
ahordd conduct your own hwestWlon of the properly and transection.
MM diINW1llltlt:fGl0f.Gvm
747 Harris St, San Bernardino, CA 92411, San Bernardino County
Owner Information
N/A N/A 7,500 543,000
Beds Bldg Sq F• Lot Sq Ft WLS Sale Price
N/A N/A �VCNT LND-NEI 08/16/2017
Baths Yr Built IV -0 aalW vaLG
Bank Owned Sale i*►
Owner Name:
Khan Khalil A
Tax Billing Zip:
90745
Owner Name 2:
Fatima Shahnaz
Tax Billing Zip+4:
4901
Mail Owner Name:
Khalil A Khan
Owner Vesting:
Husband/1Mfe
Tax Billing Address:
376 E 228th St
Owner Occupied:
No
Tax Billing City & State:
Carson, CA
Location Information
Zip Code:
92411
Census Tract:
48.00
Carrier Route:
C041
Topography:
Flat/Level
School District:
San Bernardino
Neighborhood Code,
091-091
Comm College District Code:
San Bernardino Vly J
Tax 1 nformation
APN :
0139-312-04-0000
Lot:
9
Tax Area:
7167
Block:
18
Tax Appraisal Area.
12
Water Tax Dist:
San Bernardino Vly J
Legal Description:
ALLENS 2ND ADD SUB OF
LOTS 1 AND 2 AND LOTS 17 AND 18 BLK 18 R S B LOT 9 BILK 1
Assessment & Tax
Assessment Year
2017
2016
2015
...._....................................................................................................................................................................ii..............................................................
Assessed Value Total
$18,908
$1..,537
$18,259
Assessed Value Land
$18,908
$18,537
$18,259
Y0Y Assessed Change ($]
$371
$278
.........................................................................................................................................................................................................................................................................
YOY Assessed Change (%)
......................................................... ................................
2% ............. ........................................
1.52%
....... ...................................................................................................................
Tax Year
Total Tax
Change (S)
Change (%)
2014$236
-
................................................. ...................................................................................................................................................
2015
$242
$7
_..................................................................
2.85%
.............................................................................................................................................................................................................................
2016
$387
$144
59.496
Special Assessment
Tax Amount
Sb Valley Muni Wtr Dbt Svc
$30.12
................................................................
................................................................
School bands
$14.73
.........................................................................................................................
San Bdno Comm College Bond
......................:
$6.48
............................................................
Co Ventor Control
$1.30
..........................................................................
Total Of Special Assessments
.....................................................................................................................................
$201.16
Characteristics
County Land Use:
Vacant Land
Lot Acres:
0.172
Universal Land Use:
Vacant Land (NEC)
Lot Area:
7,500
Lot Frontage:
50
Water:
Public
Lot Depth:
150
Sewer:
Public Service
Listing Information
MLS Listing Number: CV17147669 MLS Original List Price:
Courtesy of LARA FERNANDEZ, KELLER WI LLIAMS REALTY, California Regional MLS
within
546,900
Property Detail
Generated on 01/17/2018
Page 1 of 3
MLS Status:
MLS Area:
MLS Status Change Date:
MLS Current List Price:
Closed
274 - SAN BERNARDINO
08/16/2017
$46,900
Closing Date:
MLS Sale Price
MLS Listing Agent:
MLS Listing Broker:
08/16/2017
$43,000
I salaigon-Gonzalo Salazar
CENTURY 21 KING
NILS Listing #
6I8..2..6....2....7....4....1....7....
ia g . a ..i:;�o . uir;w ......
Mortgage.................................
108163257
.. ..........................................
... .....................................
0.
.........................
IVLS Status
�;Wec
............
Closed
'""......*....**...*......*....
i...........
MLSyiii�iG6
.Wi�...**...***"*"*""*....i
ig&T
_Closed '....'....*......'...**"*------'7
6&679W
.....................................
liiiii
.. ......................................--.
dii ...................................
. ....................
..............9
: .............I........................
..........................................................
.ig�. .....................................fiii.
...........
.8
.1.6..1...6. .8
...................................
.I .................I..........
. .........
NILi'6rIg Listing Price
...i�6.656 ......................................
$46.900
.I ............ ...1.0.....7
.....iz:ob
.1..2...9....6....4......0....
$34,900
$92,500
....................
........ iiiii� .......................
dlvfg7i6i.�
bii��
06/2 9/2006
...........................................................................................
NLS .sting Close Price $43,000
I ......................................................................................................................................................................................................................................
.............................................................................................................................................................
$34,000
$112,000
............
NLS -Listing Cancellation 08/16/2017
06/14/2017
12/31/2006
06/29/2006
Date
......................................................................
...........................................
...........................................
........................................................................................................
Last Market Sale
& Sales History
Recording Date:
08/17/2017
Deed Type;
Grant Deed
Sale Date:
Tax: 07/21/2017 NILS:
Owner Name:
Khan Khalil A
08/16/2017
Sale Price:
$43,000
Owner Name 2:
Fatima Shahnaz
Document Number:
336493
Seller:
200254785 Roth Ira
Sale Type:
Full
Recording Date
03/17/2017
06/27/.201.7..........................0..6../..2..7../..2..0..1..7..
.......................0..5../..3..0../..2..0..1..7..
.........................
........................0..5../..2..1../..2..0..1..0
..........................I..................................................I......
Sale Date
.....
07/21/2017 06/16/2017
06/22/2017
04/03/2017
11/17/2009
.. . ..........
.. .............................
Sale Price 000
$34.000
517,000
....... inW ......................................
Nom
I ................................................................................................................................................................................................................
Y
Y
...........................................................................................................................
Buyer Name
Khan Khalil A
200254785 Ira
..................................... ........................
Torres Juan C
.......................................................................
Jim & Maria Haviland Technologies
Constructions Inc LLC
........................................................................................................................................................................................................................................................................
Seller Name
200254785 Roth Ira
James & Marla
Iturrino Christine
Haviland Technologies Inland Pacific Equity
Construction Inc
LLC
Systems
..................... .. ....................................................................................................................................................................................................................................
336493
261652
261651
221027
204227
........................... .................
Document Type
..............................................................................................................
.............................................................................................................................................................................
Grant Deed
Grant Deed
..........................................................................................................................................................
Interspousal Deed Transfer
Grant Deed
Grant Dead
Recording Date
12/02/2009
06/2 9/2006
08/13/1981 .......................
..............
..........................i
Sale Date
.
ffffiR66
/.............I.....
66756� ..........................
..............................I.............
.........................
Sale Prioe
:.............................
iffb&
000
! ..............................................................................
................................................................................
Nominal
.................................................................................................................................................................................
Buyer Name
Haviland Technologies
Inland Pacific Equity
Mendoza Ruth C Ea
LLC
Systems
.....................................................................................................
Seller Name
Inland Pacific Equity
............. I .............................................................
Mendoza Ruth C
System s
..............................
...............................
..............................
............
nt Number
..
6ii6ii
Hv
ffg�6
W
........... .....................................................................................................................I......I...............................
Document Type ......... .....
.... ............ . .........
Grant Deed .........................
..... . . ........
Grant Deed .........................
... . . . ........
Deed (Reg) ........................
........
Mortgage History
Mortgage Date ....................
05/31/1994
ia g . a ..i:;�o . uir;w ......
Mortgage.................................
ii.6 ,000
' ...................................6
....
Mortgage Lender
iGW&WW�
...
...........................................ntl...neI...........................................6t�veo
Mortgage Code
....................................................................................
I ................................................
Foreclosure History
Document Type....................1g
is Pendens
Lis .............................................
FEEing Date
�6dia6
. ..................................../i.............................................
Recording ..........................
6666ij�6
i�...........I...........I.......11...................
Tiiq6
..n.............I........I.................................
..
Yie Type
.......... I ................... .........................................
. .................
OtherI ..... I ..........................................
Courtesy of LARA FERNANDEZ, KELLER WILLIAMS REALTY, California Regional MLS
The data within Property Detail
Generated an 01/17/2018
Page 2 of 3
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The data within this report is compiled by CoreLogic from public and but not property Detail
be independently verified
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1348 Union St., San Bernardino, CA 92411
COMMERCIAL
KW COMMERCIAL DOUGLAS REYNOLPL'r &' &fcmhIETN PATTERSON
1473 Ford Street Commercial Real Estate Investment Advisor Agent
Redlands, CA 92373 909.478.4517 909.793.2100
dreynoldson@kwcommercial.com kenpcommercjal@gmaii.com
BRE #01456022
We obtekred the Mommdlon above from sources we believe to be relable. Howe . we have rot uretfred its accuracy end woke no gwartlea, wermnty or representation about
It, t Is subrr@ted oubjaM to the possibft of errors, mYsdons, clu nge cf pdoe, rental cr obrer oondhlans, prior sale laaw or rranchg, or wthrkawd wthota notice. m ii rokrde
projeall", opkdons, assurrobn a or edkndes for exempla crt1: end they may not represent current or future peffomance of to property. You wO Your tax and legal awbors
should conduct your own hvestigdion d e,a property and hmaactlan
www.kwcommerciai.com
1348 Union St., San Bernardino, CA 92411
r
COMMERCIAL
Comparable Sale #3
• Property Profile
• Assessor's Parcel Map
• Aerial
KW COMMERCIAL DOUGLAS REYNOLDSON vru"tETH PATTERSON
1473 Ford Street Commercial Real Estate Investment Advisor Agent
Redlands, CA 92373 909.478.4517 909.793.2100
dreynoldson@kwcommercial.com kenpcommercial@gmail.cam
BRE #01456022
We obtained the hforrnetloo above from souroes we believe to be reliable. Mcwerer, we tore rot v®9fad 6 somrary and rrelm no guarantee, wan" ow rapresattelon about
L It is m&nBted subJeci to the pose ift of errors, ornLWorw, change of prloa, regal or othereond0iwn, prbr sole, lama or fararbing, or wfflxinnv wUW notice M haiude
projedlare, ophlons, asumptlons or esttfretes for exempts orgy, and they may not represent oxwnt or ague partormarce of fhe property. You acrd yorr tac and legal advisors
arwM corduct your own fteeiWation of the property and transaction.
rvvw. kwcom mercial. com
Congress, San Bernardino, CA 92410, San Bernardino County
N/A N/A 6,223 $55,000
Beds Bldg Sq F Lot Sq Ft MLS Sale Price
i I
N/A N/A iVCNT LND-NE 01/03/2016
Baths Yr Built
MLS Oasw ualC
Owner Information
Owner Name:
Gomez Octavio
Tax Billing City & State:
Arcadia, CA
Owner Name 2:
Gomez-Sosa Maria G
Tax Billing Zip:
91006
Mail Owner Name:
Octavio Gomez
Tax Billing Zip+4:
5109
Tax Billing Address:
2218 EI Capitan Ave
Owner Vesting:
Husband/Wife
Location I nformation
Zip Code:
92410
Census Tract:
57.01
School District:
San Bernardino
Topography:
Flat/Level
Comm College District Code:
San Bernardino Vly J
Neighborhood Code:
091-091
Tax 1 nformation
APN :
0142-283-13-0000
Lot:
59
Tax Area:
7012
Water Tax Dist:
San Bernardino Vly J
Tax Appraisal Area:
12
Legal Description
ASSESSORS MAP NO 14 LOT 59
Assessment & Tax
Assessment Year
2017
2016
2015
...... .................................................................................................................................................................._...............
Assessed Value -Total
$25,905
$25,397
.... ............. ..................................
$25,018
Assessed Value Land
$25,905
$25,397
$25,016
•..........................................................................................................................................•...........-----............._........-.........._........................................-.-.-..............................
YOY Assessed Change ($)
$508
$381
YOY Assessed Change (%)
296 ........1:
52%........................................................................................................................
Tax Year
Total Tax
Change ($)
Change (%)
2014
$323
2015
..........................................................................................................................................................................
$332
$9
2.85%
............................................................................................................................
2016
$474
i................................................-•---...........--.-.--....-....................................................
$142
42.92%
Special Assessment
Tax Amount
Sb Valley Muni Wtr Dbt Svc
$41.27
............................................ I............
.....................................................
School Bonds
$20.19
.....................................................................................................................................
San Bdno Comm College Bond
$B.88
...............................:...........................I.........................................................................
Co Ventor Control
$1.30
.....................................................................................................................................
Total Of Special Assessments
.....................................................................................................................................
$220.17
Characteristics
County Land Use:
Vacant Land
Lot Area:
6,223
Universal Land Use:
Vacant Land (NEC)
Water:
Public
Lot Acres:
0.1429
Sewer:
Public Service
Listing 1 nformation
MLS Listing Number:
DW17172937
MLS Original List Price:
$65,000
MLS Status:
Closed
Closing Date:
01/03/2018
MLS Area:
274 - SAN BERNARDINO
MLS Sale Price :
$55,000
MLS Status Change Date:
01/05/2018
MLS Listing Agent:
Dwenjorg-Jorge Enciso
Courtesy of LARA FERNANDEZ, KELLER WILLIAMS REALTY, California Regional
NILS
The data within this report is compiled by CoreLoglcirom public and
Property Detail
data contained herein can be
independently verified
Generated on 01/17/2018
Page 1 o'3
MLS Current List Price:
$65,000
01/03/2018
MLS Listing Broker:
CENTURY 21 ALLSTARS
NLS Listing #
682680911
Y49558
1506101
1235189
Y94495
.........................
MLS Status
i ..i.........................................................................................................................................................I.............._............................................
Sold
Expired
Expired
Expired
Expired
'iKiTisting Date 07/27/2017
08/05/2005
12/16/2004
01 /11 /2001
10/11 /1999
..............9.................................................................................................................................................................................................................................................
MLS Listin Price $65,000
$148,900
.............I....................
$149,000
................................................................................................................................
$39,950
$45,000
.........................................................
MLS Orig Listing
$65,000
$149,900
Full
$45,000
Price
Recording Date
01/03/2018
07/16/2007
01/03/2000
.........................................................................................................................................................................................................................................................................
MLS Close Date
01/03/2016
.........................................................................................................................
Sete Date
10/19/2017
10/08/2003
....................................................,..............................................
12/09/1909
.........................................................................................................................................................................................................................................................................
NAS Listing Close
$55,000
.........................................................................................................................................................................................................................................................................
Sale Prioe
$55,000
Price
$47,500
.........................................................................................................................................................................................................................................................................
Nominal
Y
...........................................................................................................................................................................................................................-............................I...............
MLS Listing
10/17/2017
01/05/2006
06/16/2005
09/30/2001
04/11/2000
Cancellation Date
Gomez Patricia M Gomez Marie
Macias Alfonso O
Ahmad Basher Goodloe Billie
.........................................................................................................................................................................................................................................................................
Document Number
202
Last Market Sale & Sales History
Recording Date:
01/03/2018
Deed Type:
Grant Deed
Sale Date:
Tax: 10/19/2017 MLS:
Owner Name:
Gomez Octavio
01/03/2018
Sale Price:
$55,000
Owner Name 2:
Gomez-Sosa Maria G
Document Number:
202
Seller:
Gomez Patricia M
Sale Type:
Full
Recording Date
01/03/2018
07/16/2007
01/03/2000
03/15/1991
02/07/1990
.........................................................................................................................
Sete Date
10/19/2017
10/08/2003
....................................................,..............................................
12/09/1909
03/1991
.............................
01/1990
.........................................................................................................................................................................................................................................................................
Sale Prioe
$55,000
$12,000
$47,500
.........................................................................................................................................................................................................................................................................
Nominal
Y
.......... ___________................
buyer Name
_______........... ____________________________________...................... _..................................................
Gomez Octavio Gomez Patricia M
...........................................................................................................................................................................
_...............................................................................................
Gomez Marla
,
Macias Alfonso & Maria Ahmed Basher
...............................................................................
Seller Name
Gomez Patricia M Gomez Marie
Macias Alfonso O
Ahmad Basher Goodloe Billie
.........................................................................................................................................................................................................................................................................
Document Number
202
417750
739
88221
49588
Document Type
................................................................................
Grant Deed
Glft Deed
..........................................................................................................................................................................
Grant Deed
Grant Deed
Grant Deed
Recording Date
02/10/1983
.........................................................................................
Sale Date
.........................................................................................
Sale Price$700
............................
Nominal
....................................
Y
.........................................................................................
Buyer Name
.........................................................................................
Seller Name
......................................................................................
Document Number
29626
.........................................................................................
Document Type
..............................................................................I..........
Deed (Reg)
Mortgage History
Mortgage Date 03/15/1991 02/07/1990 02/07/1990
9..g ..
...................................................................................................................................
Morta e Amount ............................. $7.207............................................$32,500..............................,....................$13,000...................................................
Mortgage Lender Lender Seller
.........................................................................................................................................................................................................................................................................
Mortgage Code Conventional Private Party Lender Private Party Lender
............................................................................................................................................................................................................................................
Courtesy of LARA FERNANDEZ, KELLER WILLIAMS REALTY, California Regional MLS
within this report is compiled by CoreLogic from public and private sources. The date is deemed reliable, but not guaranteed. property Detail
accuracy of the data contained herein can be independently verified by the recipient of this report with the applicable county or municipality
Generated on 01/17/2018
Page 2 of 3
Property Map
Ess St
I - 45'
'138' '138'
45'-
25 yards
10 bnlg @ 2018 Mist&&. Corps ® 2DIT14BRE
*Lot Dimensions are Estimated!
Courtesy of LARA FERNANDEZ, KELLER WILLIAMS REALTY, California Regional MLS
The datatile but is
of tile Property Detail
of t
Generated on 01/17/2016
Page 3 of 3
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1348 Union St., San Bernardino, CA 92411
F
COMMERCIAL
KW COMMERCIAL nni ir_r ac nrvkinr ncr•, kvmfJP- u PAWERSON
1473 Ford Street Commercial Real Estate Investment Advisor Agent
Redlands, CA 92373 909.478.4517 909.793.2100
dreynoldson@kwcommercial.com kenpcommercial@gmall.ow
BRE #01456022
We obla6red the htomratton above from sources we balwo to be reg". Fbva . vie have rot verified 4S aowntcy and meke no puanurtm, werr" or repmeentetlon about
It. It Is aubrMed mArlect to the posalbthy of wrma, wrivsiore. dmttpe d prke, rental orcOw condAkns. prior sale, tease or Nor&g, or withdrawal wrout noffm We 6oluda
projectiore, ophtons, eu mptions or estimates for a oW and they easy riot re roma o rreri or fiAm perforrr n of the property. You and your tax end ftW advisors
should conduct yore own ImrestoAxt of the property and trawrtlom NW W.KWCOmmerciawom
1348 Unio,&At7/2�ff Bernardino, CA 92411
Resume for Kenneth Patterson:
1975 to late 1979 Mess Management Specialist for USN (primary jobs: Staff Cook, Mess
Manager, maintained food supplies and Buyers agent for ships food) I was E4 at time of
discharge.
Licensed as a California Real Estate Agent in 1979
Licensed as a California Real Estate Broker in 1989
Licensed as a Security Dealer with the National Association of Security Dealers (FINRA)
in 1995. (Series 7 and 63 license, State of California Fixed and Variable life license)
1993-1995 Manager of Neighborhood Mortgage Corp. in Costa Mesa, Ca. (4 offices in
Southern Ca.) We did over $80 million in Originating Residential and Commercial loans
yearly.
1995 through 1997 Independent Security Dealer with American Express Financial
Advisor.
Since 1998 through 20111 managed Investment Retirement accounts for clients as an
Independent Security Dealer and Small Group Health Benefits; through Lighthouse
Capital Corporation out of Monterey, CA.
From 1979 through 1999 I primarily sold and developed land to and for developers as an
independent agent/broker.
From 2000 to 2005 I incorporated residential sales into my sales activities because of
demand by builders/developers I worked with. At which time I became an associate
broker with Coldwell Banker Kivett-Teeters, I averaged 70 closed transactions per -year,
until the recent down turn in the market.
Mid -year 2005 to August 2012; Coldwell Banker Commercial Kivett-Teeters became the
newest Commercial franchise. I deal in Commercial Sales, Building Leases, Ground
Leases, land Sales and development.
2003-2007 I have been awarded the International Presidents Circle from Coldwell Banker
International, which places me in the top 5% of Sales Associates Internationally.
Jcw rnmmr- "im nni im As Rmni nqm KENNETH PATTERSON
1473 Ford Street Commercial Real Estate Investment Advisor Agent
Redlands, CA 92373 908.478.4517 909.793.2100
dreynoldson®kwcammercial.wm kenpcommercialdgmail.com
BRE #01456022
We obtained the iiorrrretlon above from sour= we betims to be reliable. However, we have. not verified b accursy and "eke no guarantee, mu" or representation eba
il. a is aubrnited wMad to the poselb®ty d aurora, omkalore, duarga of price, roft or other conr>blons, prior saK lease or &wvk g, or wifirdmvvel vvttlwut notice. We include
praJadionv, opk*m, assumptions or estimates for example orgy, end they may not represent 4erent or future perkmance of the properly. You and yor tax end legal advisors
aho& oarrWct yotr own tnestgation of the property and transaction. ,YIf W.KwWIiI R1B(C131.C11m
1348 Unio&M/20f1 Bernardino, CA 92411
Resume for Kenneth Patterson:
r
COMMERCIAL
1975 to late 1979 Mess Management Specialist for USN (primary jobs: Staff Cook, Mess
Manager, maintained food supplies and Buyers agent for ships food) I was E4 at time of
discharge.
Licensed as a California Real Estate Agent in 1979
Licensed as a California Real Estate Broker in 1989
Licensed as a Security Dealer with the National Association of Security Dealers (FINRA)
in 1995. (Series 7 and 63 license, State of California Fixed and Variable life license)
1993-1995 Manager of Neighborhood Mortgage Corp. in Costa Mesa, Ca. (4 offices in
Southern Ca.) We did over $80 million in Originating Residential and Commercial loans
yearly.
1995 through 1997 Independent Security Dealer with American Express Financial
Advisor.
Since 1998 through 20111 managed Investment Retirement accounts for clients as an
Independent Security Dealer and Small Group Health Benefits; through Lighthouse
Capital Corporation out of Monterey, CA.
From 1979 through 1999 I primarily sold and developed land to and for developers as an
independent agentibroker.
From 2000 to 2005 I incorporated residential sales into my sales activities because of
demand by builders/developers I worked with. At which time I became an associate
broker with Coldwell Banker Kivett-Teeters, I averaged 70 closed transactions per -year,
until the recent down turn in the market.
Mid -year 2005 to August 2012; Coldwell Banker Commercial Kivett-Teeters became the
newest Commercial franchise. I deal in Commercial Sales, Building Leases, Ground
Leases, land Sales and development.
2003-2007 I have been awarded the International Presidents Circle from Coldwell Banker
International, which places me in the top 5% of Sales Associates Internationally.
KW COMMERCIAL -innru ac arw— nnnu KFMNM PATTERSON
1473 Ford Street Commercial Real Estate Investment Advisor Agent
Redlands, CA 92373 909.478.4517 909.793.2100
dreynoldsonfkwcommercial.com kenpcommercial@gmail.com
BRE #01456022
We oblahed ttlB hlom don above from souraft we believe to be ramble. Nowem. we have not vettfied b a=raw aW make f W gum tes. Warranty or nlpresaridlm $IIXJI
It. d Y su
tt Is sutxrbject to the posstbip� errors, amerw. slodrarge d Priam. renbal or other conditions, prior ssl% lease or flrerdng. or wl hdrmval without notloa. We howe
prokaJons, conlons. aestarytbr8 or esAnstea for mmmple ody. end they may not represent wrrerrt or future perkffnenoe of the property. You end yaw tax and legal s&sors
should conduct your own hvasUgetion of the propertyaW trarmadim
rvuw.lcwcom merciat.com
1348 Union St., San Bernardino, CA 92411
August 2012 to Current I moved to Keller Williams Commercial as an Associate Broker
in Redlands Ca. Doing the same business practices in the commercial arena, plus I now
work with Asset Managers for Defaulted Notes and Real Estate, Probate and Bankruptcy
Trustees. I'm also currently an Independent Financial Advisor for Colorado Financial
Services.
Kenneth Patterson
KW Commercial
1473 Ford St Ste #200
Redlands, Ca. 92373
951-318-8516 cell
909-793-8200 Fax
k n is mmerc>al'ria ,mail.com
Ca Lic#00774852
Jr.. ^..... —... nniun Ac Qrvmni n^ -nm kT-M?JFna PATTERSON
1473 Ford Street Commercial Real Estate Investment Advisor Agent
Redlands, CA 92373 909.479.4517 909.793.2100
dreynoldson@kwcommercial.com kenpcommercialggmail.eom
BRE #01456022
We obtained the YVortnetlon above from souroes we belleve to be fellable. Hovvevas. we have not verified its accuracy mid metre no yvarantee, wammny or representatlon ab W
It. a b subs tied subject to the possidlay of errors, omissions, changs of pdoe, rental or otlfm condRbna, prior sale, lease orNr3rroN, or wtlhdrmval without notice. We Inckvde
projections, opinions, es9rbnpaons or 90netes for example orYy. end VW MY not represent aererq or Waba p&1WMW)ca of the property. You and your to and legal advisors
should cmduot your own imrestigation of the property and transection.
vww.uwcommerciaj.com
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Purchase and Sale Agreement and Joint Escrow Instructions
Between the
Successor Agency and the Successor Housing Agency
(See Attachment)
Oj
EXHIBIT "C"
PURCHASE AND SALE AGREEMENT
(REAL ESTATE)
THIS PURCHASE AND SALE AGREEMENT (the "Agreement") is made this _ day of March
2018 (the "Effective Date"), by and between the Successor Agency to the Redevelopment Agency of the City
of San Bernardino (the "Successor Agency" or "Seller") and City of San Bernardino, in the capacity of the
Successor Housing Agency to the Redevelopment Agency of the City of San Bernardino (the "Successor
Housing Agency" or "Buyer"). Collectively, Successor Agency and Successor Housing Agency are referred
to herein as the "Parties."
WITNESSETH:
WHEREAS, pursuant to Health and Safety Code (the "HSC") § 34172 (a) (1), the Redevelopment
Agency of the City of San Bernardino was dissolved February 1, 2012; and
WHEREAS, consistent with the provisions of the HSC, on January 9, 2012 (Resolution No. 2012-
12), the Mayor and City Council of the City elected to serve in the capacity of the Successor Agency; and
WHEREAS, consistent with the provisions of the HSC, on January 23, 2012 (Resolution No. 2012-
19), the Mayor and City Council of the City of San Bernardino previously elected to serve in the capacity of
the Successor Housing Agency; and
WHEREAS, the Oversight Board to the Successor Agency (the "Oversight Board") has been
established pursuant to HSC § 34179 to assist in the wind -down of the dissolved redevelopment agency; and
WHEREAS, the Successor Agency is the owner of that certain real property consisting of
approximately 0. 11 acres of land located at 1348 Union Street, San Bernardino, California (APN 0139-231-34)
(the "Property"); and
WHEREAS, the Property is identified as Site No. 33, residential land to be sold, as more fully
described in the Successor Agency's California Department of Finance (the "DOF") approved Long -Range
Property Management Plan (the "LRPMP"), a copy of which is on file with the Successor Agency; and
WHEREAS, the Successor Housing Agency wishes to purchase and the Successor Agency wishes to
sell the Property pursuant to the terms and conditions described herein; and
WHEREAS, on October 18, 2017, the Successor Agency approved a listing Agreement with Keller
Williams Realty Redlands (the "KW Agreement") to list and sell 15 real property sites of the Successor
Agency, including the Property, and
WHEREAS, as a part of the KW Agreement, KW is required to prepare a Broker's Opinion of Value
(the "BOV") for each Successor Agency property that is sold; and
WHEREAS, in response to the listing, KW received, thoroughly reviewed and vetted several offers to
purchase the Property, including one submitted on behalf of the Successor Housing Agency; and
WHEREAS, the Successor Housing Agency's offer to acquire the Property for affordable housing
purposes matched the highest offer to purchase the Property, which was $49,500; and
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WHEREAS, the Successor Housing Agency is prepared to proceed with the acquisition of the
Properly on an all cash basis; and
WHEREAS, consistent with the provisions of the HSC and the LRPMP, the effectiveness of the
Agreement is subject to the approval of the Oversight Board and the DOF.
NOW, THEREFORE, in consideration of the mutual covenants and conditions set forth hereinafter,
the Parties agree as follows:
1. Incorporation of Recitals: The foregoing Recitals are true and correct and are a substantive part of
this Agreement.
2. Administration of Agreement: The transaction described herein shall be administered exclusively by
the Successor Agency and the Successor Housing Agency by the City Manager, in the capacity as
Executive Director of the Successor Agency and the Successor Housing Agency, or her designee.
3. Purchase Price: The purchase price for the Property shall be Forty -Nine Thousand Five Hundred
Dollars ($49,500.00) (the "Purchase Price"), which shall be payable upon recordation of a grant deed,
the form of which is attached hereto as Exhibit "A."
4. Condition of Property: Except as specifically described in this Agreement, Seller hereby sells the
Property to the Buyer, and the Buyer hereby purchases the Property from the Seller, in an "AS IS"
condition.
5. Escrow Holder: The Escrow Holder shall be an escrow holder mutually acceptable to Buyer and Seller.
6. Title Company: The Title Company shall be a title company mutually acceptable to Buyer and Seller.
7. Opening of Escrow: For the purposes of this Agreement, the escrow ("Escrow") shall be deemed
opened ("Opening of Escrow") on the date that Escrow Holder receives a copy of this Agreement
fully executed by Buyer and Seller. Buyer and Seller agree to execute, deliver and be bound by any
reasonable or customary supplemental escrow instructions or other instruments reasonably required
by Escrow Holder to consummate the transaction contemplated by this Agreement; provided,
however, that no such instruments shall be inconsistent or in conflict with, amend or supersede any
portion of this Agreement. If there is any conflict or inconsistency between the terms of such
instruments and the terms of this Agreement, then the terms of this Agreement shall control.
8. Closing: For purposes of this Agreement, the "Closing" or "Closing Date" shall be the date the Deed
is recorded pursuant to applicable law in the County of San Bernardino Recorder's Office.
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9. Buyer's Title Policy: On or before the Closing, the Title Company shall, upon payment (by Buyer)
of the Title Company's premium (or waiver thereof), have agreed to issue to Buyer, a standard ALTA
owner's policy of title insurance insuring only as to matters of record title ("Standard Buyer's Title
Policy") in the amount of the Purchase Price showing fee title to the Property vested solely in Buyer
and subject only to the: i) the standard, preprinted exceptions to Standard Buyer's Title Policy;
ii) liens to secure payment of real estate taxes or assessments not yet delinquent; iii) matters affecting
the Property created by or with the written consent of Buyer; and iv) those matters specifically
approved in writing by Buyer.
10. Seller's Delivered Documents: At least one (1) business day prior to the Closing Date, Seller shall
deposit or cause to be deposited with Escrow Holder the following items, duly executed and, where
appropriate, acknowledged ("Seller's Delivered Items"):
(a) Deed. The Deed shall mean the Grant Deed, the form of which is attached hereto as
Exhibit "A".
(b) FIRPTA/Tax Exemption Forms. The Transferor's Certification of Non -Foreign Status
in the form provided by Seller (the "FIRPTA Certificate"), together with any necessary tax
withholding forms, and a duly executed California Form 593-C, as applicable (the "California
Exemption Certificate").
(c) Hazard Disclosure Report. Seller shall cause Escrow Holder to obtain and deliver to
Buyer, a Natural Hazard Report as provided for under Sections 1102 and 1103 of the California Civil
Code; provided that Buyer shall bear the cost of preparation of such Natural Hazard Report.
(d) Oversight Board and DOF Approval. roval. The Oversight Board and, if required as a
condition of the issuance of title insurance or by either party hereto, approval by DOF, shall have
been given as to the disposition of the Property by Seller to Buyer under this Agreement excepting
that the requirement for DOF approval may be waived by Buyer at its election.
(e) Further Documents or Items. Any other documents or items reasonably required to
close the transaction contemplated by this Agreement as determined by the Title Company.
11. Buyer's Deliveries to Escrow: At least one (1) business day prior to the Closing Date, Buyer shall
deposit or cause to be deposited with Escrow Holder the following, each duly executed and
acknowledged, by Buyer as appropriate (`Buyer's Delivered Items"):
(a) Purchase Price. The Purchase Price, together with additional funds as are necessary
to pay Buyer's closing costs set forth herein.
(b) Change of Ownership Report. One (1) original Preliminary Change of Ownership
Report.
(c) Further Documents or Items. Any other documents or items reasonably required to
close the transaction contemplated by this Agreement as determined by the Title Company.
12. Commissions and Fees: Seller represents that it has engaged Keller Williams Realty Redlands as
"Seller's Real Estate Broker" and that Seller shall be solely responsible for any commission, cost, fee or
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compensation of any kind due to Seller's Real Estate Broker pursuant to the purchase and sale of the
Property. The Parties mutually represent that there are no other consultants or brokers engaged in
connection with the sale of the Property.
13. Governing Law: This Agreement shall be governed by and construed in accordance with the laws of
the State of California.
14. Captions: The captions appearing in this Agreement are for convenience only, are not part of this
Agreement and shall not be considered in interpreting this Agreement.
15. Amendments: This Agreement may not be altered, amended, or modified except by a writing executed
by the Parties.
16. Distribution of Proceeds. Pursuant to HSC § 34191.5 (c) (2) (B), the Successor Agency shall distribute
the net proceeds from the sale of the Property to the San Bernardino County Auditor Controller (the
"CAC") for CAC's subsequent distribution to the taxing entities, as defined in HSC § 34171 (k).
17. Effectiveness of this Agreement: The effectiveness of this Agreement is subject to the following
prerequisites: i) the Parties have approved and have caused this Agreement to be executed by their
designated representatives; ii) this Agreement has been approved by the Oversight Board, and iii) the
Oversight Board's resolution approving this Agreement has been approved by the DOF or its approval
has been waived by DOR
18. Entire Agreement This Agreement constitutes the entire agreement between the Parties with regard to
the subject matter herein and supersedes all prior oral and written agreements and understandings
between the Parties with respect to the purchase and sale of the Property.
IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first hereinabove
written.
Approved as to form:
Gary D. Saenz, City Attorney
By:
ATTEST:
George arena, C 4GUityCierk
_
SUCCESSOR AGENCY TO THE
REDEVELOPMENT AGENCY
OF THE CITY OF SAN BERNARDINO:
By: VA 1, W411L
Andrea M. Miller, Executive Director
CITY OF SAN BERNARDINO ACTING IN ITS
CAPACITY AS THE SUCCESSOR HOUSING
AGENCY TO THE REDEVELOPMENT AGENCY
OF THE CITY OF SAN BERNARDINO:
By:
Andrea M. Miller, Executive Director
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RECORDING REQUESTED BY:
City of San Bernardino, in its capacity
as the Successor Agency to the
Redevelopment Agency of the City of
San Bernardino
WHEN RECORDED MAIL TO:
City of San Bernardino
'290 N "DA Street, 3rd Floor
San Bernardino, CA 92401
Attn: Andrea M. Miller
APN: 0139-231-34
(NOT FOR SIGNATURE)
EXHIBIT "A"
(Space Above Line For Use By Recorder)
This document is exempt from the
payment of a recording fee pursuant to
Government Code Section 27383
DOCUMENTARY TRANSFER TAX $ NONE
GRANT DEED
(Form Only - Not for Signature)
FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, the Successor Agency to
the Redevelopment Agency of the City of San Bernardino, a public body, corporate and politic (the "Grantor")
does hereby remise, release and Grant to the City of San Bernardino, acting in its capacity as the Successor
Housing Agency to the Redevelopment Agency of the City of San Bernardino, a public body, corporate and
politic (the "Grantee"), that certain real property located in the County of San Bernardino, State of California,
more particularly described on Attachment "A" attached hereto and incorporated herein by this reference
(the "Property"), subject to existing easements, restrictions and covenants of record.
Dated
SUCCESSOR AGENCY TO THE REDEVELOPMENT
AGENCY OF THE CITY OF SAN BERNARDINO, a public
body, corporate and politic
By: NOT FOR SIGNATURE
Andrea M. Miller
Executive Director
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A notary public or other officer completing this certificate verifies only the identity of the individual who
signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of
that document.
State of California )ss
County of San Bernardino }
On before me, , Notary
Public, personally appeared _ who proved to me on the basis
of satisfactory evidence to be the person whose name is subscribed to the within instrument and who
acknowledged to me that he/she executed the same in his/her authorized capacity, and by his/her signature
on the instrument the person, or entity upon behalf of which the person acted, executed the instrument.
I certify under PENALTY of PERJURY under the laws of the State of California that the foregoing paragraph
is true and correct.
WITNESS my hand and official seal.
(Signature of Notary) (This area for official notarial seal)
I on
Attachment "A"
LEGAL DESCRIPTION
All that certain real property situated in the City of San Bernardino, County of San Bernardino, State of
California, described as follows:
Lot 55, Vernon Homes Subdivision, in the City of San Bernardino, County of San Bernardino, State of
California, as shown on Map on file in Book 23, Page 29 of Maps, in the Office of the County Recorder of
said County.
APN: 0139-231-34
1348 Union Street
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CERTIFICATE OF ACCEPTANCE
This is to certify that the interest in real property conveyed by written deed or grant dated
2018 from the Successor Agency to the Redevelopment Agency of the City of San
Bernardino to the City of San Bernardino, acting in its capacity as the Successor Housing Agency to the
Redevelopment Agency of the City of San Bernardino, is hereby accepted by the undersigned officer or agent on
behalf of the City of San Bernardino, acting in its capacity as the Successor Housing Agency to the Redevelopment
Agency of the City of San Bernardino, pursuant to authority conferred by the City of San Bernardino, acting in its
capacity as the Successor Housing Agency to the Redevelopment Agency of the City of San Bernardino on March
_, 2018, pursuant to Resolution No. 2018- and the City of San Bernardino, acting in its
capacity as the Successor Housing Agency to the Redevelopment Agency of the City of San Bernardino consents
to recordation thereof by its duly authorized officer.
Dated this
By: NOT FOR SIGNATURE
Andrea M. Miller
City Manager
City of San Bernardino
Provides for:
day of , 2018
1348 Union Street, San Bernardino, California (APN: 0139-231,34)
A notary public or other officer completing this certificate verifies only the identity of the individual who
signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of
that document.
State of California )ss
County of San Bernardino }
On before me, I Notary Public,
personally appeared who proved to me on the basis of satisfactory evidence
to be the person whose name is subscribed to the within instrument and who acknowledged to me that he/she executed
the same in his/her authorized capacity, and by his/her signature on the instrument the person, or entity upon behalf
of which the person acted, executed the instrument.
I certify under PENALTY of PERJURY under the laws of the State of California that the foregoing paragraph is true
and correct.
WITNESS my hand and official seal.
(Signature of Notary) (This area for official notarial seal)
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