POTENTIAL 10+ LOT RESIDENTIAL DEVELOPMENT OPPORTUNITY 2.8 ACRES

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1 Zoned RS ( DU/Acre) 6,000 SF Minimum Lot Size Ron Ortega Recreation Park 2 Existing Single Family Homes - Potential Rent $4,600+/month Walking Distance to Sprinter Station Owner Will Give Buyer Time to Entitle Property SALE PRICE: $1,275,000 Centre City Golf Course Canyon Dr SUBJECT PROPERTY Oceanside Blvd Station S. Coast Hwy Lincoln Middle School Palmquist Elementary School N

2 PAGE CONTENT 3 EXECUTIVE SUMMARY 4 AERIALS 6 LOCATION MAP 7 PROPERTY INFO 8 DEVELOPMENT IMPACT FEES 9 PROPOSED TENTATIVE MAP 10 PLAT MAP 11 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 EXECUTIVE SUMMARY Oceanside is a classic California beach community located in North County San Diego bordered by Camp Pendleton to the north and Carlsbad to the South. Bisected by Interstate 5 and Highway 78, Oceanside provides residents and business easy access to all major Southern California destinations while maintaining its coastal beach-town feel. With over 170,000 residents, Oceanside is the 3rd largest city in San Diego County. The City of Oceanside has made job growth and economic development a top priority, creating a business-friendly environment and assisting business owners and developers with projects that generate new business and raise the awareness of Oceanside. Oceanside s top industries include manufacturing, distribution, tourism, and, more recently, biotech. Major companies like Coca-Cola, Fed-Ex, Genentech Pharmaceuticals, and Gilead Sciences have established or are building facilities in Oceanside. Strategically positioned, Oceanside continues to grow at a steady rate and is home to approximately 6,200 businesses with over 58,000 employees. With a robust business environment and a constrained supply of developable land, Oceanside is well-positioned to experience a re-development that will revolutionize both the commercial and residential sectors. 3

4 AERIALS Oceanside Museum of Art Mission Ave Oceanside High School Ron Ortega Recreation Park Canyon Dr SUBJECT PROPERTY Centre City Golf Course Oceanside Blvd Station S. Coast Hwy Lincoln Middle School Palmquist Elementary School N 4

5 AERIALS SUBJECT PROPERTY N Canyon Dr Canyon Lodge Pl Oceanside Blvd S/W 5

6 LOCATION MAP CAMP PENDLETON OCEANSIDE VISTA SUBJECT PROPERTY FALLBROOK PALOMAR MOUNTAIN CARLSBAD SAN MARCOS PALOMAR AIRPORT ESCONDIDO ENCINITAS CAL STATE SAN MARCOS 78 Canyon Dr SUBJECT PROPERTY SOLANA BEACH SAN DIEGO COUTNRY ESTATES N DEL MAR POWAY GOAT HILL PARK Oceanside Blvd Grandview St 6

7 PROPERTY FEATURES PROJECT INFO LOCATION: Jurisdiction: City of Oceanside APN: & 36 House #1: The subject property is located at 568 reet in the City of Oceanside, County of San Diego. Near local beaches, parks, Center City Golf Course, and the Sprinter Station, this site is a well located infill project that provides immediate access to Oceanside Blvd. and close proximity to Interstate 5. 1,944 SF 2 Bd/2 Ba (Owner occupied - would rent for $3,000/month) Oceanside Blvd reet Sprinter Station House #2: 1,320 SF Granny Flat + Garage (Renting for $1,600/month) Acreage: 2.8 Acres Zoning: RS (Single Family Residential) CLICK HERE TO VIEW ZONING & DEVELOPMENT STANDARDS SUBJECT PROPERTY Density: DU/AC (Base Density 10 lots/max Density 16 lots) Min. Lot Size: Topography: Impact Fees: 6,000 SF Gently Rolling Approximately $44,452 per unit School District: Oceanside Unified School District Palmquist Elementary API Lincoln Middle School API Oceanside High School API Project Status: PRICE: $1,275,000 The property is currently unentitled, with 2 existing rentable homes. The previous owner was a developer who had a proposed 10 lot TM ready to submit prior to foreclosure. Services: Water/Sewer City of Oceanside Gas/Electricity City of Oceanside Fire Oceanside Fire Dept. Police Oceanside Police Dept. 7

8 DEVELOPMENT IMPACT FEES Estimated Development Impact Fees Per Approximate 2,200 SF Single Family Residence Item Amount School Fees ($3.20/SF) $7,040 Park Fees $4,431 Water System Capacity Buy-In Fee (3/4" Meters) $8,520 SDCWA Capacity Fee $4,963 Wastewater Capacity Buy-in Fee $7,794 Drainage and Flood Control Fees - Zone II-a ($20,195/Acre)* $5,655 Traffic Signal/Transportation Fees ($19.87/trip) ** $199 Thoroughfare Fee $3,230 Public Facility Fees $2,621 TOTAL PER SFD $44,452 Development Impact Fee Schedule Notes: * Assumes 10 lot subdivision, would be reduced by higher lot count ** Assumes 10 trips per day for Single Family Residences 8

9 PLAT MAP 9

10 PROPOSED TENTATIVE MAP 10

11 OCEANSIDE RESALES CMA Summary Report COMPARABLE HOME SALES RESIDENTIAL Summary Statistics High Low Average Median LP:$820,000 $459,000 $608,112 $548,000 SP:$760,000 $475,000 $598,549 $546,750 RESIDENTIAL - Sold Number of Properties: 8 Num MLS # Status Style FllAdd ZipArea Beds TotB COEDate LotSFApx EstSF DOM LP $/EstSF SP $/EstSF SOLD DET 2875 Cottingham OCEANSIDE (92054) 4 3 5/1/2015 6,000 2, $485,000 $ $475,000 $ SOLD DET 451 Compass OCEANSIDE (92054) 4 2 1/19/2016 6,287 1, $459,000 $ $475,000 $ SOLD DET 223 TODD COURT OCEANSIDE (92054) 4 3 5/29/2015 8,712 2, $547,000 $ $525,000 $ SOLD DET 2014 Rue De La Montagne OCEANSIDE (92054) 3 3 2/16/2016 1, $540,000 $ $542,500 $ SOLD DET 1336 Knoll OCEANSIDE (92054) 3 2 8/5/2015 7,849 1, $549,000 $ $551,000 $ SOLD DET 111 Parnassus OCEANSIDE (92054) /23/ ,900 2,400 7 $715,000 $ $715,000 $ SOLD DET 1751 Woodbine Pl OCEANSIDE (92054) 4 2 1/29/2016 2, $749,900 $ $744,895 $ SOLD DET 1953 fire mountain driveoceanside (92054) 5 5 3/30/2016 3, $820,000 $ $760,000 $ Avg $608,113 $ $598,549 $ Min $459,000 $ $475,000 $ Max $820,000 $ $760,000 $ Med $548,000 $ $546,750 $ COMPARABLE NEW HOME SALES Max. Min. Unit Unit Size Min. Price Max. Price / Total Units Total Units Total Units Average Sales Project Builder City Open Date Type Lot Size Size sq ft sq ft Min. Price Max. Price /sq ft sq ft Planned Sold Remaining Rate Zip Dixie Village Hallmark Communities Oceanside 10/25/2014 Detached $473,900 $490,000 $ $ Laurel Pointe Pulte Homes Vista 2/8/2014 Detached $604,990 $692,990 $ $ Serra Shea Homes Vista 8/1/2015 Detached $457,900 $493,900 $ $

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