Rare La Costa Development Opportunity Approved Tentative Map & Mitigated Negative Declaration Owner Will Deliver with Environmental Permits in Place (Expected in October) 35-3 Story Townhomes With Garages Average Unit Size 1,591 Square Feet 4 Unit Plans in 8 Buildings OFFERS DUE WEDNESDAY, JULY 27, 2016 Batiquitos Lagoon Four Seasons Resort Aviara Pacific Rim Elementary El Camino Real La Costa Resort and Spa La Costa Ave SUBJECT PROPERTY Alicante Rd Altisma Way 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. Any of the foregoing information will need to be separately verified by Buyer.
PAGE CONTENT 3 AERIALS 7 LOCATION MAP 8 PROPERTY INFO 9 DOCUMENT LINKS SUBJECT PROPERTY 10 UNIT MIX 11 CITY FEES 12 PLAT MAP 13 SITE PLAN 14 TENTATIVE MAP 15 FLOOR PLANS 16 ELEVATIONS 18 NEW HOME COMPARABLES 19 RESALE HOME COMPARABLES 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. 2
AERIALS Altisma Way Alicante Rd Altiva Pl 3
AERIALS Caringa Way Altisma Way Alicante Rd SUBJECT PROPERTY Altiva Pl 4
AERIALS Altiva Pl Altisma Way Alicante Rd Caringa Way SUBJECT PROPERTY Alicante Rd 5
AERIALS Batiquitos Lagoon Four Seasons Resort Aviara El Camino Real La Costa Ave La Costa Resort and Spa SUBJECT PROPERTY N 6
LOCATION MAP OCEANSIDE CALRSBAD SUBJECT PROPERTY EL CAMINO REAL ALGA RD N N ENCINITAS ALICANTE RD ALTISMA WAY SUBJECT PROPERTY 7
PROPERTY INFO Location: Jurisdiction: City of Carlsbad APN #: 215-240-36-00 Acreage: Topography: Zoning: General Plan: Proposed Density: Maximum Height: 35 Maximum Coverage: 60% Unit Count: Average Unit Size: Project Status: Mitigation Status: The La Costa project is located at the NEC of Altisma Way & Alicante Road in Carlsbad, California. The property is 1 block north of the La Costa Country Club and lies in a well-established neighborhood of North San Diego, is part of the highly desirable Carlsbad Unified School District and is approximately 2.5 miles east of Interstate 5. 3.68 Acres Gently Sloping RD-M (Residential Density-Multiple) RMH (Residential Medium High) 11.54 Units Per Acre 35-3 story townhomes with garages in 8 buildings 1,591 Square Feet On April 20, 2016 the Carlsbad Planning Commission voted 6-0 to approve the Cascada Verde 35 unit townhome project in Planning Commission Resolutions #7162 & 7163 which includes a Tentative Map (CT 15-01), Planned Development Permit (PUD 15-03), Site Development Plan (SDP 15-02), Hillside Development Permit (HDP 15-02), Habitat Management Plan Permit (HMP 16-02) and Mitigated Negative Declaration and Mitigation Monitoring & Reporting Program & Addendum. The owner has applied for environmental permits and anticipates approval in October 2016. The owner has identified mitigation land available to meet the project requirements onsite and in two off site locations. The details of the mitigation land status will be forthcoming. The environmental permit status is linked on the following page. Impact Fees: Approximately $31,169 per unit (Total Cost: $1,090,909) Improvement Cost: Approximately $77,763 per unit (Total Cost: $2,720,749) Affordable Housing: 5 Units - Either rental at 80% of AMI or for sale at $185,866 School District: San Marcos Unified School District Services: Water Carlsbad Municipal Water District Sewer Leucadia Waste Water District Gas/Electricity SDG&E Fire Carlsbad Fire Dept. Police Carlsbad Police Department ASKING PRICE: SUBMIT ALL OFFERS BY WEDNESDAY, JULY 27, 2016 8
CLICK TO VIEW DOCUMENT LINKS DOCUMENT LINKS AFFORDABLE HOUSING AGREEMENT AFFORDABLE HOUSING FOR SALE CALCULATION BIOLOGICAL RESOURCES TECHNICAL REPORT CARLSBAD FEE SCHEDULE CIVIL & LANDSCAPE PLANS CONCEPTUAL ARCHITECTURE PLANS ENVIRONMENTAL PERMIT STATUS GEOTECHNICAL SOILS REPORT MARKET STUDY PRELIMINARY TITLE REPORT PLANNING RESOLUTION 7162 - MND PLANNING RESOLUTION 7163 - TM, PDP, SDP, HDP, HMP PRELIMINARY COST ESTIMATES ZONING RD-M 9
UNIT MIX Plan Type Building # Units Beds Baths 1st Floor Sq Ft 2nd Floor Sq Ft 3rd Floor Sq Ft Livable Sq Ft / Unit Total Livable Sq Ft Deck Sq Ft Garage Sq Ft Total Buildable Sq Ft 4 F 5 1 1.5 55 377 378 810 4,050 87 367 6,320 1 A1,A2,B,C,D,E1,E2 14 2 2.5 219 614 692 1,525 21,350 110 453 29,232 2 C,D,E1,E2 4 3 2.5 269 713 808 1,790 7,160 114 473 9,508 2.1 B,D,E1,E2 4 3 2.5 269 713 780 1,762 7,048 114 473 9,396 3 & 3.1 A1,A2,B,C,D 8 4 4 351 873 785 2,009 16,072 120 453 20,656 Total 35 89 94.5 1,591 55,680 75,112 10
CITY FEES Cascada Verde, Carlsbad, CA Estimated Development Fees Average Home Size 1,591 SF Item Quantity Type Unit Price Amount School Fees - SMUSD (1,591 SF @ $4.68/SF) 35.00 Each $ 7,446 $ 260,606 Parks (Assumes District 4 SE) 35.00 Each $ 4,636 $ 162,260 Traffic Fee 35.00 Each $ - $ - Public Facilites Fee 35.00 Each $ 8,144 $ 285,040 Drainage (Per City Estimate) 3.68 Acres $ 4,880 $ 17,959 Local Facilities Management Zone (#6) 35.00 Each $ 310 $ 10,850 Sewer Connection 35.00 Each $ 881 $ 30,835 Water Connection 35.00 Each $ 8,852 $ 309,820 Habitat Management Fplan 3.68 Acres $ 2,746 $ 13,539 TOTAL DEVELOPMENT FEES $ 1,090,909 TOTAL DEVELOPMENT FEES PER LOT $ 31,169 11
PLAT MAP 12
SITE PLAN 13
CLICK HERE TO VIEW TENTATIVE MAP TENTATIVE MAP 14
CT 15-01 / PUD 15-03 / SDP 15-02 / HDP 15-02 CASCADA VERDE - 35 APPROVED TOWNHOME UNITS CLICK HERE TO VIEW FLOOR PLANS FLOOR PLANS CT 15-01 / PUD 15-03 / CT 15-01 / PUD 15-03 / SDP 15-02 / HDP 15-02 CASCADA VERDE LANSHIRE HOUSING PARTNERS LLC 5/18/15 2014014P21.DWG BLDG A-1, A-2 FIRST FLOOR PLAN 3/32"=1'-0" 4 OF 41 CASCADA VERDE LANSHIRE HOUSING PARTNERS LLC 5/18/15 2014014P22.DWG BLDG SECOND F 3/3 15
CASCADA VERDE - 35 APPROVED TOWNHOME UNITS ELEVATIONS CT 15-01 / PUD 15-03 / SDP 15-02 / HDP 15-02 CT 15-01 / PUD 15-03 / SDP 15-02 / HDP 15-02 8 OF 41 CASCADA VERDE LANSHIRE HOUSING PARTNERS LLC 5/18/15 2014014P25.DWG BLDG A-2 EXT. ELEV. COLOR SCHEME 1 3/32"=1'-0" 9 OF 41 CASCADA VERDE LANSHIRE HOUSING PARTNERS LLC 5/18/15 2014014P25.DWG BLDG A-2 EXT. ELEV. COLOR SCHEME 1 3/32"=1'-0" 16
ELEVATIONS 17
NEW HOME SALES COMPARABLES Min. Unit Max. Unit Min. $ /sq Max. $ / sq Total Units Total Total Units Average Sales 3 Month Sales Project Builder City Open Date Type Size sq ft Size sq ft Min. Price Max. Price ft ft Planned Units Sold Remaining Rate Rate Zip Seagrove Taylor Morrison Carlsbad 8/29/2015 Attached 2099 2364 $864,000 $1,030,000 $411.62 $435.70 47 9 38 1.32 1.43 92008 18
CMA Summary Report RESALE HOME COMPARABLES RESIDENTIAL Summary Statistics High Low Average Median LP:$875,000 $595,900 $667,324 $649,999 SP:$825,000 $575,000 $651,583 $632,500 RESIDENTIAL - Sold Number of Properties: 12 Num MLS # Status Style FllAdd ZipArea Beds TotB COEDate LotSFApx EstSF DOM LP $/EstSF SP $/EstSF 1 160014076 SOLD TOWNH 6935 Brass CARLSBAD (92009) 3 3 4/25/2016 1,730 8 $649,000 $375.14 $635,000 $367.05 2 160024035 SOLD TOWNH 6950 Brass Pl. CARLSBAD (92009) 3 3 6/9/2016 1,615 6 $599,999 - $649,999 $402.48 $630,000 $390.09 3 160001495 SOLD ATT 7323 Estrella De Mar Road 21 CARLSBAD (92009) 2 2 2/12/2016 1,130 12 $650,000 $575.22 $600,000 $530.97 4 160002874 SOLD TOWNH 6964 Feldspar CARLSBAD (92009) 3 3 3/4/2016 1,615 17 $660,000 $408.67 $660,000 $408.67 5 150049380 SOLD TOWNH 6934 Feldspar Place CARLSBAD (92009) 3 3 1/29/2016 1,730 37 $675,000 $390.17 $650,000 $375.72 6 160015434 SOLD TOWNH 6927 Tourmaline Pl CARLSBAD (92009) 4 4 5/24/2016 2,216 6 $660,000 - $680,000 $306.86 $685,000 $309.12 7 160010398 SOLD TOWNH 6958 Feldspar Pl CARLSBAD (92009) 3 3 4/25/2016 1,730 8 $649,000 - $699,000 $404.05 $700,000 $404.62 8 150055548 SOLD ATT 2006 Costa Del Mar 1 CARLSBAD (92009) 2 3 4/19/2016 1,810 171 $875,000 $483.43 $825,000 $455.80 9 150054341 SOLD TOWNH 1712 Fairlead CARLSBAD (92011) 3 3 1/4/2016 1,500 53 $595,900 $397.27 $575,000 $383.33 10 160020056 SOLD TOWNH 1630 Fairlead Ave CARLSBAD (92011) 3 3 5/17/2016 1,500 1 $599,000 - $619,000 $412.67 $619,000 $412.67 11 150050986 SOLD ATT 1843 Arroyo Willow Ln CARLSBAD (92011) 3 3 2/24/2016 1,669 124 $615,000 - $625,000 $374.48 $620,000 $371.48 12 160005337 SOLD TOWNH 1879 Black Mustard Lane CARLSBAD (92011) 4 4 4/6/2016 1,883 35 $595,000 - $630,000 $334.57 $620,000 $329.26 Avg 3 3 1677 39 $667,325 $405.42 $651,583 $394.90 Min 2 2 1130 1 $595,900 $306.86 $575,000 $309.12 Max 4 4 2216 171 $875,000 $575.22 $825,000 $530.97 Med 3 3 1699 14 $649,999 $399.88 $632,500 $386.71 19
For More Information, Please Contact: CA Lic#01323215 CA Lic#01367183 20