RESIDENTIAL DEVELOPMENT OPPORTUNITY ESTATE LOT ACRES

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1 Subdivision Potential Based on Slope Near California State University San Marcos Zoned - Heart of the City Specific Plan (VLD - Residential) Area of $950,000 - $1,500,000+ New Homes Sale Price: $499,000 E. Barham Dr SELLER FINANCING AVAILABLE Kaiser Permanente California State University - San Marcos Craven Rd S. Twin Oaks Valley Rd Coronado Hills Dr Cocos Dr Washingtonia Dr Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA T: F:

2 PAGE CONTENT 3 AERIALS California State University - San Marcos 5 PHOTOS 7 LOCATION MAP 8 INFO 9 DEVELOPMENT IMPACT FEES 10 PLAT MAP 11 COMPARABLE HOME SALES Cocos Drive 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. Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA T: F:

3 AERIALS Kaiser Permanente E. Barham Dr California State University - San Marcos Craven Rd S. Twin Oaks Valley Rd Cocos Dr Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA T: F:

4 AERIALS Cocos Drive Cluster Ave Bloomfield Ave Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA T: F:

5 PHOTOS Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA T: F:

6 PHOTOS Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA T: F:

7 LOCATION MAP CAMP PENDLETON VISTA FALLBROOK PALOMAR MOUNTAIN OCEANSIDE CARLSBAD PALOMAR AIRPORT SAN MARCOS CAL STATE SAN MARCOS ESCONDIDO N ENCINITAS SOLANA BEACH DEL MAR POWAY 78 E. BARHAM DR SAN DIEGO COUTNRY ESTATES California State Kaiser University Permanente San Marcos CRAVEN RD S. TWIN OAKS VALLEY RD LA MOREE RD CORONADO HILLS DR COCOS DR WASHINGTONIA DR Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA T: F:

8 PROJECT INFO LOCATION: JURISDICTION: The subject property is located at the northern end of Cocos Drive near California State University San Marcos. This property provides an opportunity for builders and developers to capture the thriving demand for upscale, view homes near the expanding University. This site offers 3600 panoramic views of the Pacific Ocean, mountains, University, and surrounding cities. Approximately 1-1/4 mile from CA Hwy-78 and approximately 3 miles from I-15, this site will provide commuters with convenient access throughout San Diego, Orange and Riverside Counties. Adjacent to the highly desirable North City area, the subject property retains proximity to quality rated schools, local parks, pristine beaches, California State University San Marcos, and Palomar College. City of San Marcos S. Twin Oaks Valley Rd California State University - San Marcos APN: ACREAGE: Acres IMPACT FEES: Approximately $49,386 per unit ZONING: GENERAL PLAN: TOPOGRAPHY: DENSITY: GATED ACCESS: Heart of the City Specific Plan - SFD ( DU/Acre) Click here to view Heart of the City Land Use Barham/Discovery - Very Low Density Residential (VLDR) Click here to view Residential Zoning 35.4% average slope with some buildable areas Click here to view Topo Map Click here to view Slope Map Slope 15% or less - 1 DU/Acre 15% - 25% - 1 DU/2 Acres 25% - 35% - 1 DU/4 Acres 35% or more - 1 DU/8 Acres Cocos Drive has gated access and a 24 foot wide paved road improved nearly to the edge of the property. Call Listing Agent for code. SCHOOL DISTRICT: San Marcos Unified School District Discovery Elementary School API Woodland Park Middle School API Mission Hills High School API SERVICES: Water Vallecitos Water District (In easement) Electricity San Diego Gas & Electric (Nearby) Fire San Marcos Fire Dept Police San Diego County Sheriff s Dept SALE PRICE: $499,000 Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA T: F:

9 DEVELOPMENT IMPACT FEES Estimated Development Impact Fees Per Approximate 3,000 SF Single Family Residence on a 1/2 Acre Lot Item School Fees ($3.79/SF) Water Connection Fees (Assumes 3/4" Meter) Sewer Fees - Site will be on Septic Drainage Fee Per Acre (Drainage Basin A-3)* Amount $11,370 $11,994 $0 $9,452 Public Facilities Fee** PFF - Circulation Streets $6,747 PFF - SR-78 Interchanges $3,204 PFF - NPDES $221 PFF - Technology Improvements $44 PFF - Parks $6,251 PFF - Habitat Conservation $103 TOTAL PER SFD $49,386 * Assumes this is per acre developed ** Public Facility Fees can be potentially be deferred Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA T: F:

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

11 COMPARABLE HOME SALES RESALE COMPARABLES CMA Summary Report RESIDENTIAL Summary Statistics High Low Average Median LP:$1,599,500 $960,000 $1,404,154 $1,528,559 SP:$1,525,000 $950,000 $1,340,985 $1,444,470 RESIDENTIAL - Sold Number of Properties: 4 Num MLS # Status Style FllAdd ZipArea Beds TotB COEDate LotSFApx EstSF DOM LP $/EstSF SP $/EstSF SOLD DET 973 Tucana Drive SAN MARCOS (92078) 5 4 5/12/ ,657 3, $960,000 $ $950,000 $ SOLD DET 1212 Lexi Ct SAN MARCOS (92078) 5 5 7/22/ ,077 4,400 8 $1,465,920 $ $1,403,941 $ SOLD DET 1211 Lexi Ct SAN MARCOS (92078) 4 5 7/15/ ,061 4, $1,591,198 $ $1,525,000 $ SOLD DET 852 Ridgeland Ct SAN MARCOS (92078) /4/ ,349 3, $1,599,500 $ $1,485,000 $ Avg $1,404,155 $ $1,340,985 $ Min $960,000 $ $950,000 $ Max $1,599,500 $ $1,525,000 $ Med $1,528,559 $ $1,444,470 $ NEW HOME COMPARABLES Product Typical Unit Size Unit Size Min Price / Max Price / Total Units Total Units Total Sales Sales Rate (Last 3 Zip Project Name Builder Name City Master Plan Open Date Type Lot Size Min Max Min Price Max Price Sq Ft Sq Ft Planned Sold Remaining Rate Months) Code Summit at San Elijo Hills Richmond American Homes San Marcos San Elijo Hills 5/5/2016 Detached 12,000 3,070 4,672 $ 1,099,990 $ 1,235,990 $ $ Grove at San Clemente Ave. (TGaley Homes Inc. Vista - 3/26/2016 Detached 21,780 3,158 3,759 $ 849,000 $ 949,000 $ $ Lee & Associates-North San Diego County 1900 Wright Place, Suite 200, Carlsbad, CA T: F:

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