4 FINISHED & PERMIT READY RESIDENTIAL LOTS 264, 268, 272 & 276 PALM AVENUE - CHULA VISTA, CA

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1 All Site Improvements Complete Architecture Approved for 2,600 SF Homes Lot Sizes: 7,000-7,500 SF New Home Sales of $550,000 - $600,000 PRICE: $695,000 $640,000 Castle Park High School Loma Verde Park Fred H Rohr Elementary Melrose Ave Orange Ave Los Ninos Park Otay Park Hilltop Dr Otay Elementary Main St Otay Valley Rd SUBJECT PROPERTY Palm Ave N 1

2 PAGE CONTENT 3 AERIALS 5 LOCATION MAP Palm Ave 6 PROPERTY INFO 7 DEVELOPMENT IMPACT FEES 8 PROPERTY PHOTOS SUBJECT PROPERTY 9 FLOOR PLAN 10 PARCEL MAP 11 PLAT MAP 12 COMPARABLE HOME SALES No warranty or representation is made to the accuracy of the foregoing information. Terms of sale, lease and availability are subject to change or withdrawal without notice. 2

3 AERIALS Otay Park Otay Elementary Castle Park Middle School San Diego Gas & Electric Park Orange Ave Loma Verde Park Castle Park High School Chula Vista Fire Dept. Palomar Elementary School Los Ninos Park Fred H Rohr Elementary SUBJECT PROPERTY Main St Palm Ave 3

4 AERIALS Palm Ave SUBJECT PROPERTY 4

5 LOCATION MAP SAN DIEGO BAY NATIONAL CITY CHULA VISTA SUBJECT PROPERTY N IMPERIAL BEACH SAN YSIDRO USA/MEXICO INTERNATIONAL BORDER TIJUANA 78 ORANGE AVE HILLTOP DR SAN DIEGO MAIN ST COUTNRY ESTATES SUBJECT PROPERTY MELROSE AVE PALM AVE OLEANDER AVE PALM AVE DENNERY RD 5

6 PROJECT INFO PROPERTY FEATURES LOCATION: JURISDICTION: PREVIOUS APN: LOT SIZES: HOME SIZES: The Palm Avenue project is located at 264, 268, 272 & 276 Palm Avenue in Chula Vista, California. The property is about a quarter of a mile south of Main Street and less than a half a mile west of Interstate 805 and lies in a well-established neighborhood of Park View Estates. It is also part of the highly desirable Chula Vista Elementary School District. City of Chula Vista (SD County Assessor will assign new APN s) 6,997-7,526 SF 2,600 SF PROJECT STATUS: TOPOGRAPHY: ZONING: GENERAL PLAN: Level R-1 (Single Family Residential) Low-medium Dwelling Units/Acre SERVICES: Water/Sewer Sweetwater Authority Electricity/Natural Gas San Diego Gas & Electric Fire Chula Vista Fire Dept. Police Chula Vista Police Dept. SCHOOL DISTRICT: IMPACT FEES: Chula Vista Elementary Castle Park Middle School & High School Sweetwater Union High School District $27,777 per lot - Buyer to pay SALE PRICE: $695,000 $640,000 Architecture has been completed for 4 new 2,600 square foot homes. All on and off site improvements are complete. CLICK TO VIEW DOCUMENT LINKS ADDRESS PLAT FLOOR PLAN GENERAL PLAN - LAND USE ELEMENT GRADING PLAN PARCEL MAP ZONING CODE 6

7 DEVELOPMENT IMPACT FEES Chula Vista, CA Palm Ave Estimated Development Fees Per Approximate 2,600 SF Single Family Home Item MFR School Fees ($1.95/SF) $ 5,070 Civic Center $ 2,835 Recreation $ 1,235 Residential DIF (Medium du/acre $ 3,204 Administration $ 620 Police $ 1,723 Corporation Yard $ 465 Fire Suppression System $ 1,433 Streets & Signal DIF $ 360 Libraries $ 1,627 City of Chula Vista Residential Sewer Connection Permit $ 45 Chula Vista Sewer Lateral Installation Fee (4-inch) $ 9,160 Chula Vista Sewerage Participation Fee $ 3,528 TOTAL PER UNIT $ 27,777 7

8 PROPERTY PHOTOS 8

9 CONCRETE STOOP GFI/ FLOOR PLAN BEDROOM BEDROOM MASTER BDRM NOTE: FAU IN ATTIC PER TITLE 24 SWITCH FOR LIGHT IN ATTIC ATTIC ACCESS 22" X 30" HALL CONCRETE STOOP FAMILY LINEN POWDER PANTRY BATH CLOSET LAUNDRY MASTER BATH SEAT PONY WALL 36" DINING NOTE: ALL LIGHTING INT. & EXT. TO BE REF. 1/2" MAX DROP 4" DRYER VENT WITH BACKDRAFT DAMPER THROUGH ROOF SOLID WOOD 20 MIN. FIRE RATED DOOR TAKAGI TANKLESS WATER HEATER 185,000 BTU's CONCRETE STOOP 5/8" TYPE "X" GYP BOARD ON WALLS KITCHEN LIVING GARAGE /GFI MINIMUM 1% SLOPE SUB-PANEL 100 AMPS PORCH SEAT LINE OF CONCRETE SLAB PROPOSED FLOOR PLAN 1/4" = 1' 0" (2,154 SQ FT) "H-4" 9

10 PARCEL MAP NOT INCLUDED 10

11 PLAT MAP 11

12 COMPARABLE HOME SALES NEW HOME COMPARABLES Project Name Builder Name City Master Plan Open Date Product Type Typical Lot Size Unit Size Min Unit Size Max MinPrice MaxPrice Min $/SF Max $/SF Total Units Planned Total Units Sold Total Remaining Zip Code Monterey Place Douglas Wilson Company Chula Vista - 7/16/2016 Detached $ 575,900 $ 584,900 $ $ Signature Heritage Building and Development Chula Vista Otay Ranch 4/8/2017 Detached $ 710,900 $ 750,900 $ $ Anacapa Otay Ranch New Homes Chula Vista Otay Ranch 3/15/2011 Detached $ 510,900 $ 525,900 $ $ Presidio V2 Otay Ranch New Homes Chula Vista Otay Ranch 3/1/2011 Detached $ 689,000 $ 694,000 $ $ Monte Villa Pacific Coast Communities Chula Vista Otay Ranch 3/25/2017 Detached $ 538,050 $ 584,400 $ $ Element at Millenia Shea Homes Chula Vista Millenia 11/12/2016 Detached $ 518,420 $ 598,000 $ $

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