Tract Map Lot TM Fresno California Fresno County, CA

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1 Tract Map Lot TM Fresno California Fresno County, CA Approved Tentative Map Opportunity Skip Rollf Senior Investment Advisor DRE Lic NO: Shaw Avenue Clovis, CA Ray Gill Senior Land Advisor DRE Lic No:

2 Site Details 83 SFR Paper Lots Fresno, CA Location: Site is located on the North side of Ashlan Avenue and East side of Hayes Avenue in Fresno CA. When heading North on Freeway 99, take the Ashlan Avenue turn off heading West. Site is located at the NEC or Ashlan & Hayes Avenues. Price: Terms of Sale: Municipality: Owner: Property: Zone: Condition of Property: $2,158,000 ($26,000 per paper lot) All cash at close of escrow. Fresno, CA A & N Investment Group This property consists of an approved tentative map of 83 SFR Lots. 8 Lots will be converted to a ponding basin and 2 Lots will be utilized for waste management turn around. Final map will be recorded in February of Project is shovel ready and will include approved improvement drawings. RS-5 The property is level. City of Fresno requires a on-site, temporary ponding basin that will require 8 lots, and a waste management turn around that will require two lots. (See attached Tract Map). According to the city, that once the developments to the west of the site, and east of the site have come on line, both items can be turned into finished lots. Utilities: Lot Sizes: All utilities are located at the site along Hayes Avenue. Average Lot Size: 6,500 square feet. Complete list of Lot sizes available upon request. Escrow: Market: First American Title, Fresno Ca. Christine Grey, Escrow Officer (See attached Market Sales Update). In the last 24 months many of the local and national builders have entered into the West Fresno residential housing development market. Our office sold finished lots in two sub divisions as high as $70,000 a finished lot, and two subdivisions totaling 130 paper lots. Absorption: Active Builders: NA Lennar still has been the king of builders within this area, and has just finished up their last project, and preparing a new development. Roseville Homes approximately 2.5 miles to the north has only 30 finished lots out of 70, and are selling for $100,000 per finished lot. DR Horton has entered the market, and has purchased 22 finished lots 1 mile to the SE of the site, and another 93 paper lot project 2.5 miles to the SE with a grand opening date planned for Wathen Costanos has a new subdivision to the West of this site and have begun construction of their model homes. The subdivision will consist of 116 Lots.

3 Site Details Century Builders has a new community coming soon at the corner of Shaw and Bryan Avenues, just to the NW of this site. Entitlement Status: Existing onsite Structures: Completed. None. School District: Central Unified School District Development Permit Fees: Misc: Public Works: City Engineer: City Planner: Engineer: Available upon request. Conditions of approval are available upon request. Jonathan Bartel, Supervising Engineering Technician Traffic Engineering/Land Division 2600 Fresno Street, 4th Floor Fresno, CA Office: Jon.Bartel@fresno.gov Kevin Gray Supervising Engineering Technician City of Fresno Department of Public Utilities Kevin.Gray@Fresno.gov Will Tackett Head Planner (559) Will.Tacket@fresno.gov Yamabe & Horn Engineering Chris Kliewer & Andrea Weaver ckliewer@yhmail.com aweaver@yhmail.com Contact: Skip Rollf Senior Investment Advisor BRE: skiprollf@gmail.com (559) Ray Gill Senior Land Advisor BRE: ray@calandassociates.com

4 Location Map

5 Tentative Map. Required (temporary) Ponding Basin location Required (temporary) waste management turn around information and must disclaim for obvious legal reasons. All information should be independently verified.

6 West Fresno Market Data Marketing sources are as of January 1, 2018, and include Real Quest (a part of First American Title), Placer Title farm survey, Movoto, Trulia, MLS, Redfin, and Redit. The median home value in Fresno is $222,800. Fresno home values have gone up 10.0% over the past year and Zillow predicts they will rise 4.4% within the next year. The median list price per square foot in Fresno is $153, which is lower than the Fresno Metro average of $157. The median price of homes currently listed in Fresno is $268,000 while the median price of homes that sold is $244,800. The median rent price in Fresno is $1,250, which is lower than the Fresno Metro median of $1,350.

7 West Fresno Market Data