APPROVED TENTATIVE PARCEL MAP FOR 8 UNITS WITH EXISTING DUPLEX

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1 .82 Gross Acres Grossmont Union High School District 4 Duplex Building Design (One Existing 3,096 SF Duplex to Remain) Total of 8 4 Bedroom 2.5 Bath 2 Car Garage Units SALE PRICE: $1,199,000 $895,000 SUBJECT PROPERTY EXISTING DUPLEX CAN BE USED FOR ACQUISITION FINANCING Mount Miguel High School Sweetwater Lane Community Park Avondale Elementary School Jamacha Rd To HWY 54 Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA T: F:

2 PAGE CONTENT 3 AERIALS 5 LOCATION MAP 6 PROPERTY INFO 7 DUE DILIGENCE LINKS 8 DEVELOPMENT IMPACT FEES 9 PLAT MAP 10 TENTATIVE MAP 11 LANDSCAPE PLANS & ELEVATIONS 13 NEW HOME SALES 14 DUPLEX RESALES 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. Any of the foregoing information will need to be separately verified by Buyer. Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA T: F:

3 AERIALS Blossom Hill Dr Ildica St SUBJECT PROPERTY Ildica St N Blossom Ln Sweetwater Rd Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA T: F:

4 AERIALS SUBJECT PROPERTY S Bay Fwy Sweetwater Road N Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA T: F:

5 LOCATION MAP SUBJECT PROPERTY Camino De Las Palmas 78 SAN DIEGO Ildica St COUTNRY ESTATES N Drain Dr Sweetwater Rd Ildica St SUBJECT PROPERTY Hawkins Way Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA T: F:

6 PROPERTY FEATURES PROJECT INFO Location: Jurisdiction: County of San Diego APN: Lot Size: The subject property is located at 2059 Sweetwater Road in the City of Spring Valley, County of San Diego. Within walking distance to shopping and restaurants, this site is a rare infill location with convient access to CA HWY SR Acres Topography: Zoning: General Plan: Max Density: Impact Fees: School District: Flat Variable Family Residential (RV) Village Residential (VR-10.9) 10.9 Dwelling Units Per Gross Acre Approximately $33,097 per unit (for 6 new units) $198,581 Total La Mesa - Spring Valley Elementary School District Grossmont Union High School District Services: Water Helix Water District Sewer San Diego County Water District 1 Gas/Electricity San Diego Gas & Electric Fire San Miguel Consolidated Fire District Police San Diego County Sheriff s Dept. Project Status: Units: Price: $1,199,000 $895,000 The property is entitled and was approved as an 8 unit tentative map on September 8, The approval includes an existing duplex and 6 new townhomes in 3 new duplex structures. The existing 3,096 square foot duplex will remain. Conceptual architecture and grading plans are complete. 2-4 Bed 2.5 Bath 2 Car Garage 1,548 SF (Existing) - To remain 6-4 Bed 2.5 Bath 2 Car Garage 1,814 SF (Proposed) Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA T: F:

7 CLICK TO VIEW DUE DILLIGENCE DOCUMENTS DOCUMENT LINKS ACOUSTICAL ANALYSIS REPORT APPLICATIONS NOISE - COUNTY MEMO OF UNDERSTANDING PREDEVELOPMENT TOPO COUNTY COMMENTS COUNTY CONDITIONS OF APPROVAL (DRAFT) COUNTY SITE PLAN APPROVAL (DRAFT) DRAINAGE STUDY FLOOR PLANS & ELEVATIONS GENERAL PLAN & LAND USE ELEMENT LANDSCAPE PLAN LEASE AGREEMENTS PRELIMINARY TITLE REPORT SIGHT DISTANCE CERTIFICATION SITE PLAN SLOPE ANALYSIS SOILS REPORT TENTATIVE MAP & PRELIMINARY GRADINGING PLAN WATCH QUALITY TECHNICAL REPORT ZONING CODE Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA T: F:

8 DEVELOPMENT IMPACT FEES Spring Valley, CA Estimated Development Impact Fees Item Amount Units Total Amount School Fees - Grossmont Union High School District ($1.00/SF) $ 1,814 6 $ 10,884 School Fees - La Mesa-Spring Valley School District ($1.27/SF) $ 2,304 6 $ 13,823 Park Fees $ 7,510 6 $ 45,060 Helix Water District - Capacity Fees (3/4" Meters) $ 6,842 7 $ 47,894 S.D.C.W.A. - Capacity Fees - System (3/4" Meters) $ 5,099 7 $ 35,693 S.D.C.W.A. - Capacity Fees - Water Treatment (3/4" Meters) $ $ 987 San Diego County Wastewater District - Sewer Capacity Fees $ 2,500 7 $ 17,500 Drainage Fee - Spring Valley $.54/SF) $ $ 5,877 RTCIP & Traffic Impact Fees $ 3,477 6 $ 20,863 TOTAL PER SFR $ 198,581 AVERAGE IMPACT FEES PER UNIT $ 33,097 6 Note: Meters and impact fees paid from existing duplex, will reduce the total impact fees owed on the project. For the sake of analysis, all impact fee costs are spread over the 6 new units Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA T: F:

9 PLAT MAP Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA T: F:

10 TENTATIVE MAP Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA T: F:

11 FLOOR PLANS & ELEVATIONS Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA T: F:

12 LANDSCAPE PLAN Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA T: F:

13 APPROVED 8 TENTATIVE UNIT TENTATIVE PARCEL MAP WITH FOR EXISTING 8 UNITS WITH DUPLEX EXISTING ON.82 DUPLEX ACRES NEW HOME SALES ATTACHED SINGLE FAMILY Project Name Builder Name City Master Plan Open Date Product Type Unit Size Min Unit Size Max MinPrice MaxPrice Min $/SF Max $/SF Total Units Planned Total Units Sold Total Remaining Sales Rate Sales Rate (Last 3 Months) Zip Code Lovina Heritage Building and Development Chula Vista Otay Ranch 3/25/2017 Attached $ 410,900 $ 487,900 $ $ Evo Meridian Communities Chula Vista Millenia 8/13/2016 Attached $ 428,900 $ 497,900 $ $ Metro Meridian Communities Chula Vista Millenia 8/13/2016 Attached $ 371,900 $ 407,900 $ $ Trio Meridian Communities Chula Vista Millenia 8/13/2016 Attached $ 433,900 $ 472,900 $ $ Parc Place Pacific Coast Communities Chula Vista Otay Ranch 3/25/2017 Attached $ 340,900 $ 400,900 $ $ Z at Millenia Shea Homes Chula Vista Millenia 11/12/2016 Attached $ 359,000 $ 395,000 $ $ Aviare Sunrise Company Chula Vista Otay Ranch 7/26/2014 Attached $ 326,900 $ 453,900 $ $ Park Avenue Row Homes DP Homes El Cajon - 11/12/2016 Attached $ 442,900 $ 469,900 $ $ Boulder Point KB Home Lakeside - 5/9/2015 Attached $ 420,990 $ 505,131 $ $ Maravilla at Vista Del Sur Cornerstone Communities San Diego Vista Del Sur 4/25/2015 Attached $ 363,990 $ 424,990 $ $ Azul at Playa Del Sol Pardee Homes San Diego Ocean View Hills 12/17/2016 Attached $ 367,000 $ 450,000 $ $ Luna at Playa Del Sol Pardee Homes San Diego Ocean View Hills 12/17/2016 Attached $ 374,500 $ 440,900 $ $ Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA T: F:

14 DUPLEX RESALES DUPLEX RESALES CMA Summary Report 2-4 UNITS Summary Statistics High Low Average Median LP:$575,000 $450,000 $513,493 $507,000 SP:$575,000 $450,000 $513,750 $506, UNITS - Sold Number of Properties: 8 Num MLS # Address ZipArea Units # #BldgGrRntMAc GrSchIncA COEDate t c Leland SPRING VALLEY Helix 2 Street valencia 3 st SPRING VALLEY SPRING VALLEY Helix St SPRING VALLEY Gillespie Drive SPRING VALLEY Leland 7 Street SPRING VALLEY LANG AVE. SPRING VALLEY Central Ave SPRING VALLEY 8 LotSFAp x UntSF DOM LP PrcSqft SP PrcSqft ,400 9/7/ , $450,000 $450, ,800 6/13/ , $469,950 $473, ,600 7/18/ $575,000 $575, /28/2017 7,651 4 $475,000 $475, ,600 8/30/ $489,000 $500, /25/ $500,000 - $525,000 $512, ,000 9/22/2017 6,400 6 $575,000 $575, ,600 10/19/ $549,000 $550,000 Avg $513,494 $513,750 Min $450,000 $450,000 Max $575,000 $575,000 Med $507,000 $506,000 Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA T: F:

15 For More Information, Please Contact: CalBRE Lic# CalBRE Lic# Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA T: F: