WILKINS & ASSOCIATES REAL ESTATE INVESTMENTS JOE WILKINS PRESENTS

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WILKINS & ASSOCIATES REAL ESTATE INVESTMENTS JOE WILKINS PRESENTS Camelot Golf Course (CURRENTLY CLOSED) Adjacent and Other Vacant Properties for Development City of Mojave-Kern County 243 Total Acres $3,000,000.00 Contact: Joe Wilkins 805-657-0415 email: crnroyal@adnetsol.com fax: 805-496-2676 Photo - Prior To Closing - 2003 2334 Bayside Ct. Westlake Village, California 91361

LOCATION ANALYSIS The Town of Mojave is located about 25 miles north of the City of Lancaster in the north end of the Antelope Valley in Kern County. At this point is the junction of two major highways: State Route 14 is the principal arterial into the eastern Sierras including Bishop and Mammoth Mountains, State Route 58 is the principal highway west to Bakersfield. The population in the area including Mojave, Boron, California City, Edwards AFB, and Tehachapi is about 26,500 persons, as per 2000 Census. Projected population increase for the area for 2020 is about 15% for a total of 30,475. DESCRIPTION OF THE SUBJECT PROPERTY The property being offered, consists of basically vacant land with zoning for recreational, residential, multifamily, commercial, educational, sites, as indicated herein. Location is about three miles south of the town of Mojave, an unincorporated community in Kern County. All of the properties are part of and conditioned by the original Camelot Specific Plan and the current Mojave Specific Plan. The major portion of the land surrounds the previous Camelot Golf Course-now closed, which is part of the offered properties. Camelot Boulevard leads from State Route 14 to the golf course. It is a well-paved street and the sewer line serving the area follows Camelot Boulevard to the vicinity of the properties in question. The following information describes each parcel of land: Parcel numbers and a description as to access and zoning: As per the current Mojave Specific Plan, dated October 2003. Parcel #1: APN 427-120- 38, 2.83 acres. Zone C-2. This is a parcel adjacent to the southwest corner parcel at Camelot Blvd. and Holt Street, zoned C-2. Total area in this parcel is 2.83 acres. It is adjacent to the dedicated and improved public street, namely Somerset Drive, which serves a tract of 109 modular homes located behind the commercial frontage. Camelot Avenue and Somerset Drive are completely improved streets and all utilities are to the site. Holt Street is the proposed extension south of the existing street, which is paved north of Camelot Avenue. The adjacent corner parcel of approximately 6.31 acres, on the East side of Somerset Drive, is Zoned C-2 and is a part of the 50.42 acre residential site: APN: 427-120-40. Parcel #2: APN 427-120-40, 44 acres. Zone R-1/MH/PD. This land is zoned for low density, modular or manufactured home use at 10 dwelling units per acre. It had an approved tentative map, Tract No. 5173, dated November 26, 1990, for 286 lots on approximately 44 acres. That map expired November 27, 1999. Buyer would have to re-submit. It is adjacent on the south to the commercial zoning on Camelot Blvd. and to the existing manufactured home development of 109 units. Mojave Property -2- Wilkins & Associates 805.657.0415 FAX: 805.496.2676 2334 Bayside Ct., Westlake Village, CA 91361

Parcel #3 - APN 427-120-28, 9 acres. Residential. Tentative Map, Tract 4825-Expired. 236 condo/apartments. This parcel is located adjacent on the west to the commercial property on the corner and fronts the Camelot Golf Course. It is designated as 5.1, 29 units/net acre, and 5.3, 10 units/net acre. It had an approved Tentative Map, Tract 4825, dated February 1986, for 236 condo/apartments. This Map has expired. Buyer would have to re-submit. Camelot Blvd., at this point is paved. All utilities, including sewer, are served to the site. Parcel #4 - APN 427-120-25, 26, 27 and 30, 13 acres. Residential. Possible Multi-family. This is an "ell" shaped parcel of land adjacent to the golf course on the south and west. It is designated as 5.2, which permits up to 16 units per net acre. Gross area in this parcel now is 13.15 acres; it could be reduced to 10.2 acres after street widening. Parcel #5 - APN 427-120-29, 68 acres. Golf Course property. 3430 Camelot Boulevard. This was the Camelot Golf Course, currently closed, a full length nine hole layout, consisting of 67.87 acres, designated 3.1 for public or private recreation. The teeing areas can be varied to accommodate 18 hole play of 6331 yards, par 72. Formerly an SCGA course. The improvements consist of a 1680 square foot clubhouse and a 900 square foot covered patio, maintenance yard, 5000 square foot putting green, large driving range area, sprinkler systems. The building has central HVAC. Trade fixtures in clubhouse included. No golf carts or related equipment included with this property. The Golf Course property is offered at land value only. Parcel #6 - APN: 427-120-20, 9.74 acres. Commercial. This parcel of land is adjacent to the golf course property on the west and fronting on Camelot Blvd. It is designated on the Specific Plan as "6.2 or General Commercial. Parcel #7 - APN: 421-120-19, 10 acres. Residential. This is a 10 acre parcel which faces the extension of Camelot Blvd., it is adjacent on the west to APN: 427-12020, and is designated on the Specific Plan as 5.3 residential with a density of 10 units per net acre. Utilities are available in Camelot Blvd. Parcel #8 - APN: 427-120-21. Residential This is a 20 acre parcel to the south of APN s: 427-120-19 and 20. It is designated on the Specific Plan as 10 acres of "5.1, with a density of 29 units per net acre, and 10 acres of 5.3, with a density of 10 units per net acre. Sewer and water are available at a distance. Mojave Property -3- Wilkins & Associates 805.657.0415 FAX: 805.496.2676 2334 Bayside Ct., Westlake Village, CA 91361

Parcel #9 - APN's: 427-120-22, 23, 24. Residential This is a total of 40 acres;one-20 acre and two-10 acre parcels, adjacent on the south to APN: 427-120-21. It is designated on the Specific Plan as "5.3. Residential, with a density of 10 units per acre. Parcel #10 - APN: 427-112-06. School site. This is a 22.65 acre parcel on the north side of Camelot Boulevard west of Koch Street. It is designated on the Specific Plan as 3-2 for educational facilities. It is proposed to be a school site and park. All utilities are available in Camelot Boulevard. THE ABOVE CONTIGUOUS PARCELS, 1 THRU 10, MUST BE PURCHASED IN ONE LOT. PRICED TO SELL SUBMIT ALL OFFERS Total Acreage-Approximately 243 Acres $3,000,000.00. Submit On Owner Carry. ALL INFORMATION HEREIN IS FROM SOURCES DEEMED RELIABLE BUT NOT GUARANTEED. SELLER NOR BROKER MAKES ANY WARRANTIES OR GUARANTEES AS TO THE CONDITION OF THE PROPERTY OR ACCURACY OF ANY INFORMATION HEREIN. BUYER MUST VERIFY ALL ZONING, LOT SIZES, LAND USES, ANY EXISTING OR PRIOR APPROVALS, WITH ANY AND ALL GOVERNMENT AGENCIES FOR KERN COUNTY AND THE CITY OF MOJAVE. For additional information, please call: Joe Wilkins Wilkins & Associates 2334 Bayside Ct. Westlake Village, CA 91361 805-657-0415 crnroyal@adnetsol.com Mojave Property -4 Wilkins & Associates 805.657.0415 FAX: 805.496.2676 2334 Bayside Ct., Westlake Village, CA 91361

-5- Mojave/Camelot Golf Course Properties. Mojave, California, Kern, County

Zoning Information -6-

Aerial Photo-Mojave/Camelot Golf Course Properties Mojave, California -7-

CURRENTLY CLOSED