12.05 ACRES - POTENTIAL SUBDIVISION

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1 Zoned 1 Acre Min. Lot Size Ideal Site for Family Compound Gently Rolling with Expansive Views Perc Test Completed for Potential 8 Lots Adjacent Lot Sold for $260,000 in January 2019 ASKING PRICE: $799,000 Idaho Ave SUBJECT PROPERTY Summit Dr San Pasqual Valley Rd Highgrove Dr

2 DISCLOSURE LEE & ASSOCIATES HEREBY ADVISES ALL PROSPECTIVE PURCHASERS AS FOLLOWS: The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Lee & Associates has not and will not verify any of this information, nor has Lee & Associates conducted any investigation regarding these matters. Lee & Associates makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided. As the Buyer of real estate, it is the Buyer s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this opportunity. Lee & Associates expressly denies any obligation to conduct a due diligence examination of this Property for Buyer. Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance or value of this property. The value of the property to you depends on factors that should be evaluated by you and your tax, financial, consultants and legal advisors. Buyer and Buyer s tax, financial, legal, consultants and all advisors should conduct a careful, independent investigation of any property to determine to your satisfaction the suitability of the property for your needs. Like all real estate, this property carries significant risks. Buyer and Buyer s consultants, legal and financial advisors must request and carefully review all legal and documents related to the property. Any info provided including fees and costs are not guaranteed and should be verified by Buyer. These figures are subject to change at any time based on market, economic, environmental or other conditions. Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any potential development or use of the property. By accepting this Marketing Brochure you agree to release Lee & Associates and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property. 2

3 PAGE CONTENT 4 AERIALS 6 LOCATION MAP 7 PROPERTY INFO 8 PROPERTY PHOTOS 9 CONCEPTUAL SITE PLAN 10 PLAT MAP 11 HOME SALE COMPARABLES SUBJECT PROPERTY 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. 3

4 AERIALS Summit Dr SUBJECT PROPERTY Highgrove Dr N 4

5 AERIALS 1 WashingtonPark 2 San Pasqual Valley Rd 3 4 Escondido Christian High School 5 E Grand Ave Oak Hill Elementary School Bear Valley Pwky Orange Glen High School S Citrus Ave Hidden Valley Middle School Mountain View Park Lot Adjacent Sold for $260,000 in January Walmart Neighborhood Market Carl s Jr IHOP Bank of America ALDI Skechers Dickies Unlimited Dollar Tree Big 5 Sporting Goods Office Depot Vallarta Supermarkets Buffet House Planet Fitness Farmer Boys Walmart The Home Depot Starbucks AutoZone The UPS Store Chevron Albertsons Citibank El Pollo Loco Jack in the Box Grocery Outlet Bargain Market Mission Federal Credit Union N SUBJECT PROPERTY 5 Big Lots PostalAnnex+ Fantastic Sams Navy Federal Credit Union Burger King Pizza Hut Del Taco 5

6 LOCATION MAP CAMP PENDLETON VISTA FALLBROOK PALOMAR MOUNTAIN OCEANSIDE CARLSBAD PALOMAR AIRPORT SAN MARCOS ESCONDIDO SUBJECT PROPERTY CAL STATE SAN MARCOS ENCINITAS S Citrus Ave SUBJECT PROPERTY SOLANA BEACH N DEL MAR POWAY Bear Valley Pkwy San Pasqual Valley Rd Highgrove Dr Summit Dr 6

7 PROPERTY INFO Location: Jurisdiction: Located at 1811 Highgrove Drive, Escondido, California, the property features expansive views while maintaining immediate proximity to commercial and retail developments that include: grocery, restaurants, and shopping. Approximately less than a mile north of Highway 78, this site will provide commuters with quick, convenient access and a short drive to all of San Diego, Orange & Riverside Counties. County of San Diego APN #: Acreage: Topography: Zoning: General Plan: Min. Lot Size: Project Status: Acres Flat to rolling A70 (Agricultural) Click Here to View Zoning Ordinance Summary Click Here to View Zoning Uses Click Here to View Development Standards SR-1 (semi Rural Residential) Click Here to View Click Here to View General Plan Land Use 1 Acre The property is unentitled. Enclosed is a conceptual site plan for 8 lots. Perc tests have been completed. School District: Escondido Union School District L.R. Green Elementary School API Bear Valley Middle School API Orange Glen High School API Services: Water/Sewer City of Escondido Gas/Electricity SDG&E Fire Escondido Fire Dept. Police Escondio Dept. Asking Price: $799,000 7

8 PROPERTY PHOTOS 8

9 CONCEPTUAL SITE PLAN 9

10 PLAT MAP 10

11 COMPARABLE HOME SALES HOME SALES COMPARABLES Project Builder Master Open Product Typical Lot Min Unit Max Unit Min Max Min $/SF Max $/SF Total Units Total Units Name Name City Plan Date Type Lot Size Dimension Size Size Price Price Planned Sold Andalucia Lennar Escondido - 5/30/2015 Detached 42x ,980 3,640 $695,900 $755,900 $ $ Cavalli Lennar Escondido - 7/27/2018 Detached - - 2,686 3,054 $634,900 $739,900 $ $ Estancia Bernardo Ambient Communities Escondido - 12/2/2017 Detached - - 2,615 2,925 $741,616 $755,616 $ $ Estates at Canyon Grove Shea Homes Escondido - 12/10/2016 Detached - - 2,894 4,115 $800,000 $895,740 $ $ Heritage Collection at Canyon Grove Shea Homes Escondido - 11/12/2016 Detached - - 2,325 3,402 $756,225 $788,760 $ $ Lexington KB Home Escondido - 8/6/2016 Detached ,221 3,192 $649,990 $693,990 $ $ Rancho Palomar Ambient Communities Escondido - 5/12/2018 Detached - - 2,924 3,060 $764,000 $815,034 $ $ Seabreeze Lennar Escondido - 5/30/2015 Detached 36x ,185 2,783 $694,900 $730,900 $ $ Whittingham Lennar Escondido - 12/16/2017 Detached - - 3,183 4,155 $875,900 $913,900 $ $

12 For More Information, Please Contact: CA Lic# CA Lic#