APPROXIMATELY 3 RESIDENTIAL ACRES WEST OF INTERSTATE 5461 OCEAN VIEW AVENUE - ENCINITAS, CA

N

Lee & Associates-North San Diego County | 1900 Wright Place, Suite 200, Carlsbad, CA 92008 | T: 760.929.9700 F: 760.929.9977 | www.lee-associates.com

MATT WEAVER760.448.2458

mweaver@lee-associates.comCalBRE Lic # 01367183

AL APUZZO760.448.2442

aapuzzo@lee-associates.comCalBRE Lic # 01323215

SUBJECTPROPERTY

Magdalena EckeYMCA

Paul EckeElementary School

• Rare Encinitas Residential Subdivision Opportunity• Near Magdalena-Ecke YMCA• Zoned R-3: 14,500 SF Lot MinimumSALE PRICE: $895,000

Alviso Way

Ocean View

Ave

Sunset Dr

N Vulcan Ave

N Coast Hwy 101

Union St

Orph

eus A

ve Union StUnion St

2Lee & Associates-North San Diego County | 1900 Wright Place, Suite 200, Carlsbad, CA 92008 | T: 760.929.9700 F: 760.929.9977 | www.lee-associates.com

MATT WEAVER760.448.2458

mweaver@lee-associates.comCalBRE Lic # 01367183

AL APUZZO760.448.2442

aapuzzo@lee-associates.comCalBRE Lic # 01323215

APPROXIMATELY 3 RESIDENTIAL ACRES WEST OF INTERSTATE 5461 OCEAN VIEW AVENUE - ENCINITAS, CA

3 AERIAL

5 LOCATION MAPS

6 PROPERTY INFO

7 PLAT MAP

8 COMPARABLE HOME SALES

PAGE CONTENT

SUBJECTPROPERTY

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.

3Lee & Associates-North San Diego County | 1900 Wright Place, Suite 200, Carlsbad, CA 92008 | T: 760.929.9700 F: 760.929.9977 | www.lee-associates.com

MATT WEAVER760.448.2458

mweaver@lee-associates.comCalBRE Lic # 01367183

AL APUZZO760.448.2442

aapuzzo@lee-associates.comCalBRE Lic # 01323215

APPROXIMATELY 3 RESIDENTIAL ACRES WEST OF INTERSTATE 5461 OCEAN VIEW AVENUE - ENCINITAS, CA

AER

IAL

SUBJECTPROPERTY

Union StUnion St

Alviso Way

Alviso Way

Ocean View

Ave

Union St

4Lee & Associates-North San Diego County | 1900 Wright Place, Suite 200, Carlsbad, CA 92008 | T: 760.929.9700 F: 760.929.9977 | www.lee-associates.com

MATT WEAVER760.448.2458

mweaver@lee-associates.comCalBRE Lic # 01367183

AL APUZZO760.448.2442

aapuzzo@lee-associates.comCalBRE Lic # 01323215

APPROXIMATELY 3 RESIDENTIAL ACRES WEST OF INTERSTATE 5461 OCEAN VIEW AVENUE - ENCINITAS, CA

AER

IAL

SUBJECTPROPERTY

Magdalena EckeYMCA

CottonwoodCreek Park

Paul EckeElementary School

Silverado EncinitasMemory Care

Union St

Union St

Encinitas Blvd

Saxo

ny B

lvd

Orp

heus

Ave

Vulcan Ave

Sunset Dr

Ocean View

Ave

N Coast Hwy 101

5Lee & Associates-North San Diego County | 1900 Wright Place, Suite 200, Carlsbad, CA 92008 | T: 760.929.9700 F: 760.929.9977 | www.lee-associates.com

MATT WEAVER760.448.2458

mweaver@lee-associates.comCalBRE Lic # 01367183

AL APUZZO760.448.2442

aapuzzo@lee-associates.comCalBRE Lic # 01323215

APPROXIMATELY 3 RESIDENTIAL ACRES WEST OF INTERSTATE 5461 OCEAN VIEW AVENUE - ENCINITAS, CA

LOC

ATIO

N M

AP

DEL MAR

SOLANA BEACH

ENCINITAS

CARLSBAD

OCEANSIDE

CAMP PENDLETON

VISTA

SAN MARCOS

ESCONDIDO

POWAY

PALOMAR MOUNTAIN

PALOMAR AIRPORT

CAL STATESAN MARCOS

N

FALLBROOK

SUBJECT PROPERTY

SAXO

NY

RD

ORP

HEU

S A

VE

LEUCADIA BLVD

UNION STUNION ST

ENCINITAS BLVD

VULC

AN

AVE

N C

OAST H

WY 101

6Lee & Associates-North San Diego County | 1900 Wright Place, Suite 200, Carlsbad, CA 92008 | T: 760.929.9700 F: 760.929.9977 | www.lee-associates.com

MATT WEAVER760.448.2458

mweaver@lee-associates.comCalBRE Lic # 01367183

AL APUZZO760.448.2442

aapuzzo@lee-associates.comCalBRE Lic # 01323215

APPROXIMATELY 3 RESIDENTIAL ACRES WEST OF INTERSTATE 5461 OCEAN VIEW AVENUE - ENCINITAS, CA

LOCATION:

JURISDICTION: City of Encinitas

APN #’S: 256-313-34-00

ACREAGE: Approx. 2.99 Acres

TOPOGRAPHY: Sloped

ZONING: R-3-Residential Click here for Zoning Code

OVERLAY ZONES: Coastal, Scenic and Special Study

MIN. LOT SIZE: 14,500 Square Feet

MAX. DENSITY: 3 Dwelling Units Per Acre

SERVICES: Water/Sewer City of Encinitas Electricity/Gas San Diego Gas & Electric Fire Encinitas Fire Dept. Police San Diego County Police Dept.

SCHOOL DISTRICT: EncinitasUnifiedSchoolDistrict

SALE PRICE: $895,000

PRO

PERT

Y IN

FO

PROPERTY FEATURES

View of Site From I-5

View of Site From I-5

The property is located in the City of Encinitas, California on Ocean View Avenue. Adjacent to the west side of Interstate 5 andapproximately1/2milefromthePacificOcean,thissiteisbestsuitedforasmallresidentialsubdivision. Inaddition,thesiteislocatedinEncinitasUnifiedSchoolDistrict,oneofthetopschool districts in San Diego County.

7Lee & Associates-North San Diego County | 1900 Wright Place, Suite 200, Carlsbad, CA 92008 | T: 760.929.9700 F: 760.929.9977 | www.lee-associates.com

MATT WEAVER760.448.2458

mweaver@lee-associates.comCalBRE Lic # 01367183

AL APUZZO760.448.2442

aapuzzo@lee-associates.comCalBRE Lic # 01323215

APPROXIMATELY 3 RESIDENTIAL ACRES WEST OF INTERSTATE 5461 OCEAN VIEW AVENUE - ENCINITAS, CA

PLAT

MA

P

7

Tax Map 461 Ocean View Ave, Encinitas, CA 92024

Tax Map 461 Ocean View Ave, Encinitas, CA 92024 11/11/2015 Page 1 (of 2)

This report is only for the myFirstAm user who applied for it. No one else can rely on it. As a myFirstAm user, you already agreed to our disclaimer regarding third party propertyinformation accuracy. You can view it here: www.myfirstam.com/Security/ShowEULA. ©2005-2015 First American Financial Corporation and/or its affiliates. All rights reserved.

8Lee & Associates-North San Diego County | 1900 Wright Place, Suite 200, Carlsbad, CA 92008 | T: 760.929.9700 F: 760.929.9977 | www.lee-associates.com

MATT WEAVER760.448.2458

mweaver@lee-associates.comCalBRE Lic # 01367183

AL APUZZO760.448.2442

aapuzzo@lee-associates.comCalBRE Lic # 01323215

APPROXIMATELY 3 RESIDENTIAL ACRES WEST OF INTERSTATE 5461 OCEAN VIEW AVENUE - ENCINITAS, CA

8

NEW HOME COMPARABLES

RESALE COMPARABLES BUILT SINCE 2012

Project Builder City Open Date Type Lot SizeMin. Unit Size sq ft

Max. Unit Size sq ft Min. Price Max. Price

Total Units Planned

Total Units Sold

Total Units Remaining

Average Sales Rate Zip

1 Channel Islands Shea Homes Encinitas 3/21/2015 Detached 6000 1955 4052 $1,025,000 $1,705,000 69 26 43 5.12 92024Eaton Beach Estates Shea Homes Encinitas 12/1/2014 Detached 87000 4131 4964 $1,800,000 $2,004,264 5 3 2 0.61 92024Fiore Lennar Encinitas 8/1/2006 Detached 10000 2988 5164 $1,193,990 $1,399,990 28 25 3 0.23 92024Insignia Mainhouse City Ventures Encinitas 11/1/2014 Detached 43560 4075 4702 $2,036,700 $2,875,000 17 14 3 1.41 92024Seascape Estates McCullough Design Development Encinitas 1/1/2015 Detached 14375 4900 - $1,900,000 - 7 6 1 0.75 92024

Information Provided Courtesy Of: Search Criteria

BRE Lic#: CAPatrick Miller

00296599Agent: 760-929-9700

Lee & Associates - Office: 760-929-9700

Information is not guaranteed. Copyright 2001 - 2016 SANDICOR,

Class=RE AND Close of EscrowDate=07/11/2015-06/06/2079AND County=SanDiego ANDYrBlt>=2009 AND Map=PolygonAND Status=SOLD ANDType=DET11/11/2015 01:21 PM

CMA Summary Report

RESIDENTIAL Summary Statistics

High Low Average MedianLP:$2,400,000 $1,195,000 $1,536,996 $1,383,990SP:$2,100,000 $1,195,990 $1,502,476 $1,360,000

RESIDENTIAL - Sold Number of Properties: 12

Num MLS # Status Style FllAdd ZipArea Beds TotB COEDate LotSFApx EstSF DOM LP $/EstSF SP $/EstSF

1 150015971 SOLD DET 1130 Urania ENCINITAS (92024) 4 4 8/14/2015 10,619 2,988 99 $1,195,000 $399.93 $1,195,990 $400.26

2 140046366 SOLD DET 203 Stonesteps Way ENCINITAS (92024) 3 4 7/15/2015 5,229 2,843 203 $1,281,308 $450.69 $1,323,044 $465.37

3 150038838 SOLD DET 183 Stonesteps Way ENCINITAS (92024) 3 3 10/1/2015 2,665 24 $1,296,647 $486.55 $1,286,647 $482.79

4 150021355 SOLD DET 756 Blossom Road ENCINITAS (92024) 5 5 7/17/2015 10,499 4,351 41 $1,296,990 $298.09 $1,296,990 $298.09

5 150004661 SOLD DET 199 Stonesteps Way ENCINITAS (92024) 5 4 8/3/2015 3,041 119 $1,323,044 $435.07 $1,323,044 $435.07

6 150031773 SOLD DET 672 Blossom Road ENCINITAS (92024) 5 6 8/31/2015 8,914 4,567 54 $1,368,990 $299.76 $1,345,000 $294.50

7 150032152 SOLD DET 700 Blossom Road ENCINITAS (92024) 5 5 7/17/2015 10,489 5,164 4 $1,398,990 $270.91 $1,375,000 $266.27

8 150041096 SOLD DET 684 Normandy ENCINITAS (92024) 5 5 8/31/2015 9,975 5,164 10 $1,399,990 $271.11 $1,375,000 $266.27

9 150043991 SOLD DET 1339 Rainbow Ridge ENCINITAS (92024) 4 4 10/7/2015 18,295 3,013 25 $1,489,000 $494.19 $1,459,000 $484.23

10 150036872 SOLD DET 1501 Halia Ct ENCINITAS (92024) 4 3 8/14/2015 12,251 2,880 4 $1,899,000 $659.38 $1,850,000 $642.36

11 150038389 SOLD DET 1180 Devonshire ENCINITAS (92024) 4 4 10/23/2015 16,000 3,033 60 $1,995,000 - $2,095,000

$690.74 $2,100,000 $692.38

12 150038876 SOLD DET 1048 Eolus Avenue ENCINITAS (92024) 5 4 8/27/2015 14,643 3,550 12 $2,195,000 - $2,400,000

$676.06 $2,100,000 $591.55

Avg 4 4 11691 3604 54 $1,536,997 $452.71 $1,502,476 $443.26

Min 3 3 5229 2665 4 $1,195,000 $270.91 $1,195,990 $266.27

Max 5 6 18295 5164 203 $2,400,000 $690.74 $2,100,000 $692.38

Med 4 4 10559 3037 33 $1,383,990 $442.88 $1,360,000 $450.22

CO

MPA

RAB

LE H

OM

E SA

LES

MATT WEAVER760.448.2458

mweaver@lee-associates.comCA Lic#01367183

AL APUZZO760.448.2442

aapuzzo@lee-associates.comCA Lic#01323215

For More Information, Please Contact:

9Lee & Associates-North San Diego County | 1900 Wright Place, Suite 200, Carlsbad, CA 92008 | T: 760.929.9700 F: 760.929.9977 | www.lee-associates.com

APPROXIMATELY 3 RESIDENTIAL ACRES WEST OF INTERSTATE 5461 OCEAN VIEW AVENUE - ENCINITAS, CA