480 Avenue of the Flags Buellton, CA 93427

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Augustus Simpson
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0 venue of the Flags Buellton, C 7 Offered at $,50,000 Unit partment Building Plus dditional Vacant Lot Situated at the Heart of the City s Proposed Master Plan

1 0 venue of the Flags Buellton, C 7 Offered at $,50,000 Unit partment Building Plus dditional Vacant Lot Situated at the Heart of the City s Proposed Master Plan Development WTCH VIDEO radius commercial real estate & investments 05 E. Carrillo st. Suite 00 Santa Barbara ca radiusgroup.com

for sale unit apartment building + undeveloped land 0 avenue of the flags buellton, ca 7 property brief This unit apartment property is centrally located on over an acre of prime land at the corner

The property sits in close proximity to the 0 Freeway, many downtown Buellton amenities and a new apartment development.

Price partment Building $,75,000 ($,500/Unit) dditional Lot $75,000 ($7./SF) Total Price $,50,000 ($.0/SF) WTCH VIDEO https://youtu.be/rfwiey6tre CP Rates partments Parcel (Existing).

2 for sale unit apartment building + undeveloped land 0 avenue of the flags buellton, ca 7 property brief This unit apartment property is centrally located on over an acre of prime land at the corner of nd Street and venue of the Flags in Buellton, C (Santa Barbara County) and includes a separate undeveloped adjacent lot totaling over 7,000 sq. ft. The property sits in close proximity to the 0 Freeway, many downtown Buellton amenities and a new apartment development. dditionally, as the new master plan in Buellton takes shape these parcels will be situated at the heart of a revitalized downtown commercial corridor. Price partment Building $,75,000 ($,500/Unit) dditional Lot $75,000 ($7./SF) Total Price $,50,000 ($.0/SF) WTCH VIDEO CP Rates partments Parcel (Existing).6% partments Parcel (Market) 5.6% Units Lot Size partments ±,5 SF (.0 cres) dditional Lot ±7, SF (.6 cres) Total Land ±7,7 SF (.6 cres) Floors PN & -0 CSO.5% The information provided here has been obtained from the owner of the property or from other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it C Lic C Lic radius commercial real estate & investments 05 E. Carrillo st. Suite 00 Santa Barbara C radiusgroup.com

3 for sale unit apartment building + undeveloped land 0 avenue of the flags buellton, ca 7 venue Of The Flags nd Street C Lic C Lic radius commercial real estate & investments 05 E. Carrillo st. Suite 00 Santa Barbara C radiusgroup.com

4 EIT FUTURE KITCHEN VENT HOOD ND MKE UP IR CHSE TO ROOF EIT EIT FUTURE KITCHEN VENT HOOD ND MKE UP IR CHSE TO ROOF EIT EIT UP LIVING S & P BEDROOM EIT EIT EIT EIT EIT EIT ENTRY WH DBL. SINK W/ DISP. DW. RNGE HOOD W/ FN & LIGHT KITCHEN DINING BTH REF. UP DW. ENTRY DBL. SINK W/ DISP. KITCHEN REF. BEDROOM LIVING BTH WH DW. ENTRY DBL. SINK W/ DISP. KITCHEN REF. BEDROOM LIVING BTH WH REF. ENTRY DBL. SINK W/ DISP. RNGE HOOD W/ FN & LIGHT KITCHEN BEDROOM LIVING BTH WH REF. DW. DBL. SINK W/ DISP. RNGE HOOD W/ FN & LIGHT KITCHEN BTH DINING ENTRY WH LIVING BEDROOM UP S & P DW. EIT EIT EIT SETING DBL. SINK W/ DISP. REF. HOOD W/ FN & LIGHT RNGE KITCHEN DINING BTH LIVING WH UP BEDROOM BEDROOM EIT GS METERS SEE MECH PLN UP PRIVTE CR GRGE WH SNT BRBR NEW CONC. WLKY: for sale unit apartment building + undeveloped land BRUPT CHNGES IN LEVEL DO NOT ECEED /" PER CBC SECT. B.7. LEVEL CHNGES BETWEEN /"-/" RE BEVELED MINIMUM OF : PER CBC SECT B.7. SLOPE IN THE DIRECTION OF TRVEL DOES NOT ECEED :0 GRDIENT (5%) PER CBC SECT. B.7. CROSS SLOPE DOES NOT ECEED :50 GRDIENT (%) PER CBC SECT. B.7.. " MINIMUM WIDTH OF WLKWY PER CBC SECT..B.7.. SURFCE IS SLIP RESISTNT (SLOPES LESS THN 6 PERCENT) SURFCES WITH SLOPE OF LESS THN 6 PERCENT GRDIENT RE T LEST S SLIP RESISTNT S THT DESCRIBED S MEDIUM SLTED FINISH PER CBC SECT. B avenue of the flags buellton, ca 7 VICINITY MP (SCHEMTIC N.T.S.) previous proposed redevelopment site Plan SECOND STREET ' DRINGE ESMT. 5'-0" VCT- 5' WTERLINE & P.U.E. ESMT. INTERNTIONL SYMBOL OF CCESSIBILITY STLL EMBLEM NEW C DRIVE ND PRKING TYP. VN H.C. PRKING SPCE & CCESSIBLE RMP/ ISLE TYP. PRKING '-0" 5'-6" 56 N 6 7' W 0.' 0.60' 6.' 7'-7" SETBCK 0' SD ESMT. SIGNGE: PRKING FOR RESIDENTIL UNITS ND EMPLOYEE USE ONLY PERMIT REQUIRED. LODING D C 0.00' VENUE OF THE FLGS LOCTION OF CCESSIBLE PTH OF TRVEL FROM THE PUBLIC SIDEWLK TO BLDG. DHERE TO CBC. SECT. B.7 '-" SETBCK '-6" S 7 ' W.' " " EIT EIT EIT EIT POND OUTDOOR SETING '-0" MIN. EIT EIT.% % BEDROOM UNIT =0 S.F. = DSHED SHDED RE DESIGNTES CCESSIBLE ROUTE OF TRVEL / EIT PTH OF TRVEL RNGE HOOD W/ FN & LIGHT BEDROOM UNIT =565 S.F. 5 S & P RNGE HOOD W/ FN & LIGHT BEDROOM UNIT 0 =565 S.F. S & P HC UNIT BEDROOM UNIT =565 S.F. S & P.7% % DOORS THT SWING WY FROM WLKS HVE LEVEL LNDING RE MINIMUM OF " WIDE x " DEEP W/ SLOPE LESS THN :50 gradient (%) IN NY DIRECTION. PER C.U.B.C. SECT. B.7.5 BEDROOM UNIT = 0 S.F. 5 HC UNIT BEDROOM UNIT = 5 S.F. S & P S & P WSH WSH COUNTER COUNTER " S 7 ' W.' DRY FU 7 5.% PRIVTE DRIVEWY 60" MIN. RDIUS REQUIRED FOR 0 TURNS ELEC. TRNS. TRSH ENCLOSURE PRCEL B 0' TEL. CO. ESMT N 5 7' E.' ZC CREEK SYMBOLS LE N 0 5'-" SETBCK 7 FT TLL WOOD FENCE W/ LTTICE T RETINING REFER TO DTL. '0' SHT. '.' & CIVIL DRW'G. SHT. 'C' FOR REQUIREMENTS. 7 FT TLL VINE COVERED CHIN LINK FENCE T RETINING REFER TO DETIL '' SHT. '.' & CIVIL DRW'G. SHT. 'C' FOR REQUIREMENTS. '-5" 0.60' DOORS THT ENCROCH INTO WLKWYS HVE MIN. 60"x60" LEVEL LNDING RE W/ SLOPE LESS THN :50 gradient (%) IN NY DIRECTION. (LEVEL RE ETENDS MIN. OF " BEYOND STRIKE EDGE OF DOOR. PER CU.B.C. SECT. B.7.5) N 6 7' W 7.60' 6.%.00' PPRO '-" SETBCK DIRECTIONL SIGNS: SYMBOL OF CCESS THE SYMBOL SHLL BCKGROUND. THE B INFEDERL STNDR DIRECTIONL SIGNS, JUNCTIONS OF LL P THE CCESSIBLE ENT TO BE VISIBLE TO PE WYS. S PER CBC S NOTE: SEE CIVIL DRWINGS FOR CCURTE GRDING. DRINGE, PRKING ND SITE LYOUTS The information provided here has been obtained from the owner of the property or from other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it. SITE PLN - PHSE C Lic C Lic. 060 /6" = '-0" SITE DIRECTION..7 radius commercial real estate & investments 05 E. Carrillo st. Suite 00 Santa Barbara C radiusgroup.com

5 L L RENEWL DTE RENEWL DTE for sale unit apartment building + undeveloped land B E C Lic '-0" '-0" 0'-0" '-0" 0'-0" '-0" '-0" 0'-0" '-0" 0'-0" '-0" 0'-0" '-0" 0'-0" '-0" 0'-0" M DW ,,0, C Lic avenue of the flags buellton, ca ' previous proposed redevelopment renderings,0,0 5 M6 M6 M6 M5 B,,,, M6 M M M, M M M M M,0, E, The information provided here has been obtained from the owner of the property or from other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it. '-0" 0'-0" E E M7 DW E E M7 DW E M E DW E M7 DW E M6 M7 '-0" 7'-0" M6 M7 M6, DW REFER TO SHEET '' FOR KEY NOTES /" = '-0" M5 7,,0 5 E C,, 5, 6, M M M M M M M M M E,0, DW E NORTH ELEVTION M6 M7 M6 REFER TO SHEET '' FOR KEY NOTES, DW E M5 7,,0 5 C, 5, 6, E E '-0" 7'-0" WEST ELEVTION REFER TO SHEET '' FOR KEY NOTES SOUTH ELEVTION REFER TO SHEET '' FOR KEY NOTES M6 M5, M M M M M M M M,0, E M7 M6 M7 M6, M DW E DW M5 7,, ' C, 5, 6, E E M M M 70.5' E WEST ELEVTION M7 M5 E M5 E M5 DW E M6 M5 M5 E E DW M6 E M7 M5 E DW M7 '-0" 7'-0" '-0" 7'-0" '-0" 7'-0" '-0" 7'-0" REFER TO SHEET '' FOR KEY NOTES NORTH ELEVTION NORTH ELEVTION REFER TO SHEET '' FOR KEY NOTES WEST ELEVTION REFER TO SHEET '' FOR KEY NOTES SOUTH ELEVTION REFER TO SHEET '' FOR KEY NOTES SOUTH ELEVTION REFER TO SHEET '' FOR KEY NOTES M6 M5 M6 M5,,0,,0, B M M M DW M DW M DW,0,0 5 M6 M6 M6 M5,,, M6,,0,0 5 M6 M6 M6 M5 M M,, E MEN 5'-" BUILDING 6..7 radius commercial real estate & investments 05 E. Carrillo st. Suite 00 Santa Barbara C radiusgroup.com 70.5' M6 M7 5.6' M6 M5 E E M /" = '-0" M6 M7 M6 M5 M MEN 5'-" BUILDING /" = '-0" 5.6' M6 M7 M6 M5 MEN 5'-" BUILDING /" = '-0" 70.5', M E DW E M7 M DW, Redevelopment Specifics,,,0,0,, 5 5 M6 Parking 7 Spaces,0,, B B B,.,.,5,6..,6.,6.,5. /" = '-0" /" = '-0" Ground Floor Commercial Units (,57 SF Total) Ground Floor Residential 6 Units Second Floor Residential 6 Units 5,.,5. /" = '-0" /" = '-0" /" = '-0" M7 M7 M7 M6 M6 5.6' 70.5' 5.6' 70.5' 5.6' 70.5' M6 5.6' 70.5' 5.6' 70.5' 5.6' 7 P Coast C Village I F I Road C Montecito, C. 0 R C H I T E C T S Coast Village Road Montecito, C Country Crossroads 0 VE. OF THE FLGS ll ideas, designs and plans indicated or represented by these drawings are owned by and are the property of Pacific rchitects and were created and developed for use in connection with the specified C-057 project. None of such ideas, designs, or plans shall be used for any purpose whatsoever without the written permission of Pacific rchitects ll Revision ideas, designs Description and plans indicated Date or represented by these drawings are CLIENT owned by and are the property 6//0 of CHG'S. Pacific rchitects and were created VLUE and developed for use in connection //0 ENGINEERING with the specified project. None of such ideas, designs, or plans shall be used for any purpose whatsoever without the written permission of Pacific rchitects Revision Description Date Job Number Sheet P C I F I C R C H I T E C T S Country Crossroads 0 VE. OF THE FLGS S T T E I W Job Number Sheet S T T E I W I C ENSED I C ENSED CLIENT 6//0 CHG'S. VLUE 6 //0 ENGINEERING Date://0 of LLIM OF Date://0 of LLIM OF R CHIT ECT S. C L I R CHIT ECT S. WOLF C WOLF C L I F O R N I F O R N I

6 for sale unit apartment building + undeveloped land 0 avenue of the flags buellton, ca 7 interior photos C Lic C Lic radius commercial real estate & investments 05 E. Carrillo st. Suite 00 Santa Barbara C radiusgroup.com

for sale unit apartment building + undeveloped land 0 avenue of the flags buellton, ca 7 comparable multifamily sales 0 venue Of The Flags Property Property Type Size Sale Price Price/SF or PPU Sold

7 for sale unit apartment building + undeveloped land 0 avenue of the flags buellton, ca 7 comparable multifamily sales 0 venue Of The Flags Property Property Type Size Sale Price Price/SF or PPU Sold Date 5 5th St., Solvang Multifamily 7 Units $,50,000 $6,6/Unit 6// Maple ve., Solvang Multifamily Units $,70,000 $,7/Unit /6/ venue of the Flags Buellton Multifamily 0 Units $,575,000 $57,500/Unit 5//05 6 Palm Way, Buellton Multifamily Units $,50,000 $,0/Unit // C Lic C Lic radius commercial real estate & investments 05 E. Carrillo st. Suite 00 Santa Barbara C radiusgroup.com

for sale unit apartment building + undeveloped land 0 avenue of the flags buellton, ca 7 comparable land sales Subject Properties Property Property Type Size Sale Price Price/SF Land Sold Date

8 for sale unit apartment building + undeveloped land 0 avenue of the flags buellton, ca 7 comparable land sales Subject Properties Property Property Type Size Sale Price Price/SF Land Sold Date Purchased by City of Buellton Land,5 SF $0,000 $6/SF //07 5 venue of the Flags (On Market) Land 6,0 SF $,000 $65/SF On Market 5 venue of the Flags Land 5, SF $,00,000 $/SF // C Lic C Lic radius commercial real estate & investments 05 E. Carrillo st. Suite 00 Santa Barbara C radiusgroup.com

9 for sale unit apartment building + undeveloped land 0 avenue of the flags buellton, ca 7 income analysis Executive Summary # Units: Price: $,75,000 Price/Unit: $,500/Unit NOI: $0,0 GRM:. CP Rate:.6% Lot Size:,5 SF Price/Lot SF: $56/SF Building Size: Zoning: PN: Year Built: 00 Calculations Current Market EOI: $7,07 $,05 nnual Exp.: $6, $6, NOI: $0,0 $5,6 GRM: Unit Mix & Rent Schedules Unit Mix Est. SF Current Montly Income Proforma Monthly Income Studio $5 $00 Studio $00 $00 Studio $00 $00 Studio $75 $00 5 Studio $50 $00 6 Studio $750 $00 7 / Studiox $50 $,00 0 Studio $700 $00 Studio $700 $00 Studio $750 $00 Studio $650 $00 5 Studio $650 $00 6 / Studiox $,000 $,00 7 Studio $700 $00 Studio $00 $00 (Vacant) Studio $00 $00 0 Studio $700 $00 Studio $675 $00 Studio $00 $00 / 5 (Manager) Studiox $500 $500 Monthly Rental Income: $5,575 $,00 Monthly Laundry Income: $ $ Potential Gross Monthly Income: $5,0 $,7 Potential Gross nnual Income: $0,0 $0 Less: Vacancy & Collection Loss: % $, $,76 Effective Gross Economic Income: $7,07 $,05 CP Rate:.6% 5.6% nnual Expenses (06 ctuals Except Taxes & utomotive Expenses) *Note: ll utilties are master metered. Current Current % GOI Market % GOI Real Estate Taxes (.0%): $7,5.6%.7% Commission & Fees: $ 0.0% 0.0% Insurance: $,5 0.% 0.7% Insurance - Liability: $5,.%.% Legal & Professional Fees: $,00 0.6% 0.5% Management/Leasing Fees: $,7 7.% 5.7% Repair and Maintenance: $, 5.%.% Electric: $,55 7.% 6.% Gas: $,57.%.5% Refuse: $5,6.7%.% Water/Sewer: $5,.% 6.6% nnual Expenses Per Unit $,0 nnual Expenses $6, 5.%.% The information provided here has been obtained from the owner of the property or from other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it.

for sale unit apartment building + undeveloped land 0 avenue of the flags buellton, ca 7 Market Overview The Santa Ynez

Santa Barbara and nestled between the Santa Ynez and Santa Rafael Mountains.

In fact, the valley is recognized as the epicenter of California s multi-billion dollar equine industry.

Ynez Valley Historical Museum & Parks-Janeway Carriage House displaying old stagecoach relics from the valley s past.

merican hamlet, the rapidly growing Buellton, the vintage chic community of Los lamos, the laid-back wine tasting haven of

10 for sale unit apartment building + undeveloped land 0 avenue of the flags buellton, ca 7 Market Overview The Santa Ynez Valley: Golden Vineyard Country The great wide open countryside of the Santa Ynez Valley is located 0 minutes north of Santa Barbara and nestled between the Santa Ynez and Santa Rafael Mountains. Numerous world-renowned wineries and vineyards dot the landscape as well as horse and cattle ranches. In fact, the valley is recognized as the epicenter of California s multi-billion dollar equine industry. Other attractions include the Los Padres National Forest, Lake Cachuma, Old Mission Santa Inez, golf courses and the Santa Ynez Valley Historical Museum & Parks-Janeway Carriage House displaying old stagecoach relics from the valley s past. Six small towns are home to the region and include Ballard, the smallest and oldest community, Solvang, a charming Danish- merican hamlet, the rapidly growing Buellton, the vintage chic community of Los lamos, the laid-back wine tasting haven of Los Olivos, and the turn-of-the-0th-century township of Santa Ynez C Lic C Lic radius commercial real estate & investments 05 E. Carrillo st. Suite 00 Santa Barbara C radiusgroup.com

for sale unit apartment building + undeveloped land 0 avenue of the flags buellton, ca 7 Market Overview City of Buellton Merchants Map Firestone Walker Brewing Company 76 Gas Station Quality Inn

11 for sale unit apartment building + undeveloped land 0 avenue of the flags buellton, ca 7 Market Overview City of Buellton Merchants Map Firestone Walker Brewing Company 76 Gas Station Quality Inn Santa Ynez Valley 7 Industrial Way 7 Highway 6 0 nd St Subject Property venue of the Flags US Highway Tonio s Restaurant Standing Sun Wines Santa Ynez Valley Marriott Ken Brown Wines El Sitio Mexican Restaurant Gino s Pizza Mother Hubbard s merican Restaurant Pea Soup ndersen s Restaurant & Inn Parks Plaza Theatre Ellen s Danish Pancake House Shell Gas Station Sideways Inn Starbucks 7 Figueroa Mtn. Brewery Terravant Wine Co. Industrial Eats 0 New partments C Lic C Lic radius commercial real estate & investments 05 E. Carrillo st. Suite 00 Santa Barbara C radiusgroup.com

for sale unit apartment building + undeveloped land 0 avenue of the flags buellton, ca 7 Market Overview City of Buellton venue of the Flags Potential Design Plan The City of Buellton is considering

12 for sale unit apartment building + undeveloped land 0 avenue of the flags buellton, ca 7 Market Overview City of Buellton venue of the Flags Potential Design Plan The City of Buellton is considering an approximate $ Million project focused on venue of the Flags C Lic C Lic radius commercial real estate & investments 05 E. Carrillo st. Suite 00 Santa Barbara C radiusgroup.com

13 for sale unit apartment building + undeveloped land 0 avenue of the flags buellton, ca 7 Market Overview City of Buellton venue of the Flags Potential Design Plan Median mphitheater Design Concept Merchant Cluster Median Event Barn C Lic C Lic radius commercial real estate & investments 05 E. Carrillo st. Suite 00 Santa Barbara C radiusgroup.com

MERCHNT CLUSTER PROPOSED MPHIT SUBJECT PROPERTY

.7 radius commercial real estate & investments 05

14 for sale unit apartment building + undeveloped land 0 avenue of the flags buellton, ca 7 Market Overview City of Buellton venue of the Flags Potential Design Plan PROPOSED EVENT BRN PROPOSED MERCHNT CLUSTER PROPOSED MPHIT SUBJECT PROPERTY C Lic C Lic radius commercial real estate & investments 05 E. Carrillo st. Suite 00 Santa Barbara C radiusgroup.com

A Unique Opportunity to Own the Premier Destination Retail Development of Santa Barbara Wine Country

A Unique Opportunity to Own the Premier Destination Development of Santa Barbara Wine Country COAST DEVELOPMENT PARTNERS, INC. 2928 SAN MARCOS AVE, STE. 202 LOS OLIVOS, CALIFORNIA 93441 T: 805.691.3048