OLDE CARLSBAD LAND AT LANAI COURT

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1 OLDE CARLSBAD LAND AT LANAI COURT 1.08 ACRES WITH VIEWS OF THE PACIFIC OCEAN AND BUENA VISTA LAGOON LAND AT LANAI COURT San Diego Residential Solutions SRS Inc. CA BRE #

2 OLDE CARLSBAD LAND AT LANAI COURT 1.08 ACRES WITH VIEWS OF THE PACIFIC OCEAN AND BUENA VISTA LAGOON Land at Lanai Court is a 1.08 acre of land in Olde Carlsbad with views of the Pacific Ocean and the Buena Vista Lagoon. It is located on the north end of Pio Pico Drive at the end of Lanai Court, overlooking the intersection of I-5 and Jefferson Street. It is nestled in the new Lanai subdivision by Shea Homes where sales have closed in 2017 for $1,200,000 to $1,500,000. This land can be planned for maximum of 3 residential homes, each having the potential of 15,000 to 20,000 gross square feet of developable lot area. Property provides a rare opportunity to build custom homes in a high-end subdivision without being part of the larger HOA. Future owner shall have the right to use Lanai Court, a private street, pursuant to a recorded Easement, Maintenance, and Cost Sharing Agreement. By downloading this information, you agree to maintain this information in a confidential manner. Private Access Agreement available upon request. You are restricted from directly inquiring with the City of Carlsbad about the entitlement status without express approval and coordination with the Seller. Broker accompanied tours assessible by lockbox entry. Please park on Pio Pico Drive.

3 PROPERTY LOCATION LAND AT LANAI COURT

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5 PROPERTY DESCRIPTION MLS #: APN #: (Carlsbad, CA 92008) JURISDICTION: ACREAGE: ZONING: TOPOGRAPHY: CFD: City of Carlsbad 1.08 Acres (47,044 square feet) R-1: Single Flat None TAX RATE: % ENTITLEMENTS: COASTAL COMMISSION: HOA: SCHOOL DISTRICT: Buyer to pursue tentative map and permits on the subject property at its own cost. Seller s conceptual subdivision plan prepared by Pasco Laret Suiter & Associates yields 3 potential detached single family home lots, maximum allowed under the Easement, Maintenance, and Cost Sharing Agreement. Property is in the coastal zone, however Coastal Commission approval is not required as it is located in an approved coastal zone. Buyer shall verify on its own and consult its experts on all municipal and government approvals. Buyer to form an HOA as needed to maintain shared amenities on the 1.08 acre site only. Carlsbad Unified School District Buena Vista Elementary 877 API Valley Middle School 869 API Carlsbad High School 840 API SERVICES: Water/Sewer City of Carlsbad Gas/Electricity San Diego Gas & Electric Fire Carlsbad Fire Department Police Carlsbad Police Department ACCESS: Property can be assessed from Lanai Court cul de sac via a right of way granted by a signed and recorded Easement, Maintenance, and Cost Sharing Agreement.

6 CONCEPTUAL SUBDIVISION PLAN Note: Drawing prepared to estimated scale. Neighborhood sales comps available upon request.

7 PROPOSED LOT DESIGN: Lot 1 View Lot +/- 20,000 SF Gross +/- 12,600 SF NET Lot 2 View Lot +/- 15,000 SF Gross/Net Lot 3 Interior Lot +/- 15,000 SF Gross/Net Note: Clear resolution copy available upon request.

8 OFFER DIRECTIONS All offers shall be submitted to San Diego Residential Solutions SRS Inc. via An initial deposit shall be placed into escrow at the execution of the purchase agreement and shall be refundable during Due Diligence Period. Upon Buyer s election to proceed with acquisition of the Property at the close of the Due Diligence Period, it is advisable that Buyer increase the deposit and the entire deposit shall be non-refundable except in the case of a default or breach by Seller prior to closing. The balance of the purchase price shall be paid at Closing. Buyer shall perform whatever studies it may desire on the Property, including, but not limited to easement and encumbrance documents, feasibility in light of entitlements, market studies, non-invasive engineering and environmental reviews, verification of government approvals, inclusionary housing requirements, tax rates, clear title, etc. SDRS and Seller make no representations of accuracy and completeness of information. The Property is sold as is, where is. Seller makes no representations or warranties whatsoever relative to the Property, including, but not limited to, those regarding suitability of the Property for any particular use, condition of the Property, presence or absence of hazardous materials, geologic, soil, or hydrologic conditions, etc.

9 SUBMIT ALL OFFERS. FOR FURTHER INFORMATION, PLEASE CONTACT: San Diego Residential Solutions SRS Inc. CA BRE #