E WALNUT AVE

N ESPLANADE ST

EL DORADO EXCLUSIVE OFFERING MEMORANDUM

±4.4 ACRES OF INFILL LAND ZONED RESIDENTIAL | ORANGE, CA EL DORADO ORANGE

TABLE OF CONTENTS

EXECUTIVE SUMMARY MARKET INFORMATION

Opportunity 4 Demographics Summary 27 Property Positioning 5 For Sale Market Summary with Comps and Map 28 Offering Guidelines 6 Links LOCATION To view all links within this offering memorandum please click the Local Map 8 following: El Dorado - Orange Regional Map 9 Area Attractions 10 Aerials 11 Tax Map 12

DEVELOPMENT SUMMARY

Development Overview 14 General Plan and Zoning 15 General Plan Land Use Map 16 Zoning Map 17 Site Plans 18

AREA OVERVIEW

Orange County Overview 21 City of Orange 23 Area Amenities: Hip Place to Shop, Eat and Have Fun 24 Transit Map 25 EXECUTIVE SUMMARY EL DORADO ORANGE | EXECUTIVE SUMMARY

EXECUTIVE SUMMARY

OPPORTUNITY PROPERTY HIGHLIGHTS: The ±4.4-acre El Dorado property offers builders and developers an opportunity to purchase a large infill site with some time to secure approvals • Rare large infill site in central Orange County for a new home community. Based on preliminary feedback from city staff, the city supports a redevelopment in compliance with the existing single • Favorable residential zoning for single family detached homes family detached home zoning. • Seller is willing to provide some time to process approvals The project could yield up to 26 units at 6.2 DU/acre without a density bonus. This product would be for-sale single family detached homes. The • Strong socioeconomic demographics in this submarket project could yield up to 44 units when the State Density Bonus Law is utilized but the developer would need to include some affordable housing • Lack of new home supply drives new home demand and pricing to secure the 35% density bonus. Based on recent market and financial analysis, the 44-lot project is the highest and best use for this site. • With OC’s FHA loan limit at $726,525, homes should qualify for attractive financing (FHA is available for homes built using the State El Dorado property has been owned by a family trust since 1962. The Density Bonus Law) property was vacated by the school operator in June of 2019, and well- positioned to be redeveloped without the need to relocate tenants. • Flat and rectangular site for efficient land planning

• Strong local economy generating jobs and a need for housing

• Close to shopping, restaurants, jobs, transportation and regional LOCATION: Northeast corner of E Walnut Ave and N destinations Esplanade St

JURISDICTION: City of Orange in Orange County

100% ENTITLEMENTS: Unentitled

PROPERTY CONDITION: Sold vacant “as-is”

PRODUCT TYPE: Single Family Detached

4 EL DORADO ORANGE EL DORADO ORANGE | EXECUTIVE SUMMARY PROPERTY POSITIONING

NEW HOME COMMUNITIES HAVE FOUND HIP LOCATION ATTRACTS FIRST-TIME BUYERS SUCCESS IN ORANGE AND MILLENNIALS

El Dorado offers a developer the rare opportunity to build detached homes Orange has earned a reputation for being progressive, especially when in a market dominated by urban townhomes and high-density apartments. it comes to entertainment and dining. This is especially important to a Rather than compete head-to-head with three-story townhome communities population with an average age of only 35.2 years old. Young first-time without private yards, a builder will have the competitive advantage of home buyers and Millennials put a premium on access to hip local dining building two-story single family homes that can be purchased utilizing FHA and entertainment. Orange is attractive to them because it has some of the financing (FHA is available for homes built using the State Density Bonus most sought-after restaurants and eateries in town including the Orange Law). This should result in strong absorption and significant pricing power. circle.

CONVENIENT ACCESS TO JOB CENTERS

Centrally located in Orange County, is ideal for commuters to job centers in any Orange County city or Inland Empire and Los Angeles. Interstate 5, Highway 91, 55, and 57, all provide convenient access to/from Orange and nearly all of major employment centers within 25 miles. In addition, the city’s local job base provides a strong economic foundation for the future job growth projected to be 39% by 2028. This growth is fueled by the city’s top employers: , Kaiser Permanente, City of Anaheim, Northgate Gonzales Market, Hilton Anaheim, CashCall, Anaheim Regional Medical Center, Angles , Anaheim Marriott Hotel and Main Place DMS Facility. With 2017 having the fastest growth rate since 2012, the county’s household income growth rate of 5% helped add over $10 Billion to the local economy. 100%

5 EL DORADO ORANGE EL DORADO ORANGE | EXECUTIVE SUMMARY

EXECUTIVE SUMMARY OFFERING GUIDELINES PRICE Submit offers, asking price has not been established. Seller will be DEPOSITS Buyer to open escrow with a refundable deposit. Upon approval evaluating offers based on the combined aspects of the price, structure and of the feasibility period the deposit shall be increased and will become non- timing of deposits and the timing for the close of escrow. Seller is seeking a refundable and applicable to the purchase price. Offers are encouraged to high degree of certainty in the overall structure that the buyer will perform in provide a non-refundable commitment to the purchase as soon as possible. If accordance with the timing for the proposed close of escrow. an extended close of escrow is presented the offer should include quarterly deposits to be released to seller of at least Fifty Thousand Dollars ($50,000.00). OFFER PREPARATION Submit a Letter of Intent (“LOI”) outlining the terms and conditions under which Buyer proposes to acquire the property. CONDITION OF PROPERTY AT CLOSE OF ESCROW Seller to deliver property “as-is” with no representations or warranties from the seller. Information provided TERMS All cash at the close of escrow. is intended to assist a buyer in evaluating the property, but buyer should not rely on anything other than its own due diligence. FEASIBILITY PERIOD a Buyer will have a feasibility period that starts with a SELLER KENNETH J CUMMINS AS TRUSTEE OF THE GLORY B LUDWICK signed LOI. Seller requests a feasibility period less than 60 days. REVOCABLE LIVING TRUST DUE DILIGENCE Due diligence information is available to a buyer by clicking BROKERAGE DISCLOSURE WD Land may act as Seller’s agent for more than the following link: El Dorado Due Diligence one prospective buyer on this property. Any prospective buyer requesting WD Land to submit an offer on its behalf acknowledges the foregoing disclosures and agrees to the described agency relationships as with other prospective buyers. Pursuant to S.B. 1171, all offers on real estate in the State of are required to be accompanied by an executed version of the Brokerage Disclosure Forms. Please fill out the forms and return them with your offer.

6 EL DORADO ORANGE LOCATION

7 EL DORADO ORANGE EL DORADO ORANGE | LOCATION

LOCAL MAP

EL DORADO

8 EL DORADO ORANGE EL DORADO ORANGE | LOCATION

REGIONAL MAP

EL DORADO

9 EL DORADO ORANGE EL DORADO ORANGE | MARKET INFORMATION

AREA ATTRACTIONS MAP

SHOP/DINE

1. 1 2. Main Place Mall 3. Platinum Triangle 4. Garden Walk 5. CtrCity 6. Anaheim Packing District 7. Orange Circle

2 UNIVERSITY 1. Cal State Fullerton 2. Chapman University 5 6

TRANSPORTATION 1 1. ARTIC - Anaheim Regional 5 3 3 Transportation Intermodal 1 Center 4 4 EL DORADO 2 WELLNESS 2 7 1 1. CHOC 1 2. UC Irvine Medical Center 2

RECREATION

1. Disneyland/California Adventure 2. Knott’s Berry Farm 3. 4. 5. Convention Center

10 EL DORADO ORANGE EL DORADO ORANGE | LOCATION AERIAL

EL DORADO

11 EL DORADO ORANGE EL DORADO ORANGE | LOCATION TAX MAP APN: 093-511-27

12 EL DORADO ORANGE DEVELOPMENT SUMMARY

13 EL DORADO ORANGE EL DORADO ORANGE | DEVELOPMENT SUMMARY DEVELOPMENT OVERVIEW

LOCATION UTILITIES LAND USE ENTITLEMENTS n Address is 4100 E Walnut Ave. n Water - City of Orange n n APN is 093-511-27 The General Plan designates the site as Public n Trash/Recycling - CR&R Disposal n ±4.4 Acres Facilities and Institutions (PFI) and the current n Electric - Edison zoning is R1-7 Single-Family Residential. n Communications - Time Warner Cable PRODUCT n A new subdivision will require a General Plan n Gas - Southern California Gas Company Amendment, Subdivision Map and Design Single Family Detached Review approval. COST TO COMPLETE ORANGE UNIFIED SCHOOL No cost estimates have been prepared. DISTRICT IMPROVEMENT PLANS AND CONSTRUCTION DRAWINGS IMPACT FEE ESTIMATE n Esplanade Elementary School n Improvement plans have not been prepared (Great School Score: 3). City fee schedule in Due Diligence folder. and will be the buyer’s responsibility. n Santiago Middle School n Construction drawings for the building have not (Great School Score: 5). been prepared giving the buyer an opportunity TAX RATE n El Modena High School to design individual floorplans. Tax rate is 1.059%. No Mello Roos. (Great School Score: 7). n The current building plans are not in our possession and we are working to obtain them. EXISTING BUILDING Esplanade Elementary School INCLUSIONARY UNITS There are no affordable housing requirements for this community.

14 EL DORADO ORANGE EL DORADO ORANGE | DEVELOPMENT SUMMARY GENERAL PLAN AND ZONING GENERAL PLAN DESIGNATION The General Plan designates the site as Public Facilities and Institutions (PFI). The General Plan designation does not conform to the zoning so a General Plan Amendment would be needed for a residential subdivision.

RESIDENTIAL ZONING The site is currently zoned R1-7: Single-Family Residential allowing a single- family residential subdivision with a minimum lot area of 7,000 square feet (i.e. 6.2 DU/acre). A developer may apply for a Conditional Use Permit (CUP) for a Planned Unit Development which could allow for a more customized development. This may also require the developer to process a condominium map as permitted by the Zoning Ordinance.

THE STATE DENSITY BONUS LAW Utilizing the State Density Bonus Law, the site could benefit for a 35% density State Density Bonus Site Plan (44 Lots) bonus while maintaining single family detached homes (i.e. 10 DU/acre). The SDBL also provides an opportunity to waive design guidelines like height, setbacks, parking, etc.

DENSITY Under the current zoning, the site could yield up to 26 lots with two-story homes. Utilizing SDBL, the site would yield up to 44 single family homes on smaller lots with 4 of the 44 being deed restricted for very low-income homeowners.

Standard Subdivision (24 Lots)

15 EL DORADO ORANGE EL DORADO ORANGE | DEVELOPMENT SUMMARY GENERAL PLAN LAND USE MAP

EL DORADO

CLICK HERE: GENERAL PLAN LAND USE MAP 16 EL DORADO ORANGE EL DORADO ORANGE | DEVELOPMENT SUMMARY ZONING MAP

EL DORADO

CLICK HERE: ZONING MAP 17 EL DORADO ORANGE EL DORADO ORANGE | DEVELOPMENT SUMMARY SITE PLAN - STANDARD SINGLE FAMILY BASED ON ZONING (24 LOTS)

18 EL DORADO ORANGE EL DORADO ORANGE | DEVELOPMENT SUMMARY SITE PLAN - SINGLE FAMILY WITH STATE DENSITY BONUS (44 LOTS)

19 EL DORADO ORANGE AREA OVERVIEW EL DORADO ORANGE | AREA OVERVIEW

ORANGE COUNTY OVERVIEW

Located in Southern California, Orange County is the third-most populous county in California, the sixth-most populous in the United States, and more populous than twenty-one U.S. states. It is the second most densely populated county in the state, behind County. It is included in the Los Angeles-Long Beach-Anaheim, CA Metropolitan Statistical Area. While most population centers in the United States tend to be identified by a major city with a large central business district, there is no single major CBD or dominant urban center in Orange County. Santa Ana, Costa Mesa, and Irvine all have smaller high-rise CBDs, and other historically older cities like Anaheim, Fullerton, Huntington Beach, and Orange have traditional American downtowns without high-rises. The county is known for tourism with attractions like Disneyland, Knott’s Berry Farm, and several popular beaches along its more than 40 miles of coastline.

BIG BUSINESS Orange County is the headquarters of many Fortune 500 companies including “Southern Ingram Micro, First American Corporation, Broadcom, Western Digital and Pacific California, where Life. Irvine is the home of numerous start-up companies and is the home of dreams come Fortune 1000 headquarters like Allergan, Edwards Lifesciences, Epicor, and Sun home.” Healthcare Group. Other Fortune 1000 companies in Orange County include Beckman Coulter in Brea, Quiksilver and Apria Healthcare Group. Orange County is also part of the Tech Coast and Irvine is also the home of notable technology companies like Vizio, Gateway, Linksys, Blizzard Entertainment, and Panasonic Avionics Corporation. Many regional headquarters for international businesses reside in Orange County like Mazda, Toshiba, Toyota, Samsung, Kia Motors, Mitsubishi and Hyundai. Fashion is another important industry with local notable fashion-related companies that include Oakley, Hurley International, Pleaser USA, St. John, Wet Seal and PacSun. Restaurant companies such as Taco Bell, El Pollo Loco, In-N-Out Burger, Claim Jumper, Marie Callender’s, Wienerschnitzel, have headquarters here as well.

21 EL DORADO ORANGE EL DORADO ORANGE | AREA OVERVIEW

ORANGE COUNTY OVERVIEW

SHOPPING Orange County contains several notable shopping malls. Among these are (the largest mall in California, and the third largest in the United States) in Costa Mesa and in Newport Beach. Other significant malls include the , Main Place Santa Ana, The Shops at Mission Viejo, The Outlets at Orange, the Center, and The Outlets at San Clemente.

TOURISM Tourism remains a vital aspect of Orange County’s economy. Anaheim is the main tourist hub, with the ’s Disneyland being the second most visited theme park in the world. Also, Knott’s Berry Farm in Buena Park gets about seven million visitors annually. The Anaheim Convention Center receives many major conventions throughout the year. Resorts within the Beach Cities receive visitors “Southern throughout the year due to their close proximity to the beach, biking paths, California is mountain hiking trails, golf courses, shopping and dining. Orange County’s only home to some major airport is John Wayne Airport and handles over 9 million passengers of the most beautiful annually through 14 different airlines. The area’s warm Mediterranean climate beaches in the and 42 miles of year-round beaches attract millions of tourists annually. Huntington world.” Beach is a hot spot for sunbathing and surfing; nicknamed “Surf City, U.S.A.”, it is home to many surfing competitions. “The Wedge”, at the tip of The Balboa Peninsula in Newport Beach, is one of the most famous body surfing spots in the world. Southern California surf culture is prominent in Orange County’s beach cities.

EDUCATION In addition to nine community colleges, Orange County is the home of many colleges and universities, including three four-year colleges: Fashion Institute of Design & Merchandising, Laguna College of Art and Design, Southern California Institute of Technology. There are also several notable private and public universities including California State University Fullerton, University of California Irvine, Chapman University, Concordia University and Soka University of America. Some institutions not based in Orange County operate satellite campuses, including the University of Southern California and Pepperdine University.

22 EL DORADO ORANGE EL DORADO ORANGE | AREA OVERVIEW CITY OF ORANGE OVERVIEW

Orange is grounded by a unique and rich history that provides a foundation to excel in the 21st Century. The city has taken great care to provide long-range planning that will be used to guide growth and change while preserving and enhancing the quality of life for all its stakeholders. The city has put forth a concerted effort to protect those characteristics that make Orange a desirable and distinctive place to live, work and play.

Orange is a high-quality community that boasts world class hospitals, educational institutions, and business diversity. Its public services, parks and open space are second to none. It attracts visitors from around the region, and its business environment has made the city a regional economic leader. The city has maintained its small-town attitude throughout its periods of growth and development. With countless restaurants to enjoy in the city’s retail areas, many small shops to discover at the Plaza, and the Santiago Creek area to “The Plaza, also explore, Orange continues to offer welcome surprises. known as the Orange Plaza or Orange is already a very special place and it is also at a crossroads in its colloquially as history. Recent planning initiatives come at a critical juncture as the city The Circle.” expands its physical development one final time to the east. These initiatives and a development-friendly political environment ensure that the special quality of life that has defined this community.

23 EL DORADO ORANGE EL DORADO ORANGE | AREA OVERVIEW HIP PLACE TO SHOP, EAT AND HAVE FUN

El Dorado is surrounded by major shopping destinations, entertainment mega- ANGEL STADIUM has been home to the since 1965 and centers, popular breweries, and a wide selection of unique restaurants and lively the team has a rich history and large fan following that attend games in the city’s bars. 45,000-seat stadium.

THE GROVE OF ANAHEIM hosts 250 events for over 850,000 guests including THE HONDA CENTER is home to the and hosts major concerts, concerts, comedy shows, corporate events, and private parties offering state-of- sporting events, and family favorite events from the Harlem Globetrotters and Stars the-art audiovisual equipment and full-service catering. on Ice to The Rolling Stones and Garth Brooks, Maroon 5, Fleetwood Mac, Ariana Grande, and Twenty One Pilots have all performed at the Honda Center to sell-out THE OUTLETS AT ORANGE is home to over 125 outlet stores, restaurants, cafes, crowds recently. Since opening, the arena has hosted over 3,500 events and more and entertainment destinations. than 35 million guests have walked through its doors.

ANAHEIM PACKING DISTRICT in the historic Packard Building of downtown fea- DISNEYLAND RESORT is a world-class destination with nearly 18 million guests tures over 20 local and award-winning eateries and live music every weekend. visiting in 2016. It features two theme parks, three hotels, and the Downtown Dis- ney shopping, dining, and entertainment district. Disneyland generates nearly $6 ANAHEIM GARDEN WALK Is a major outdoor dining, entertainment, and shop- billion in economic activity each year, which supports 27,000 regional jobs. The ping destination that provides nightlife entertainment, family-friendly events and park has undergone significant expansion recently and is currently adding another unique shops. major 14-acre themed section called “: Galaxy’s Edge,” which is sched- uled to open in 2019. This will be followed by the opening of a new 17-acre, 700- With over a dozen breweries, the city is quickly becoming known as the “CRAFT room Four Diamond hotel in 2021. BEER CAPITAL” of Orange County. Some of the largest award-winning breweries in Southern California including Backstreet Brewery, Noble Ale Works, and Golden Road Brewing are located in Anaheim.

THE FIFTH is currently the only rooftop - bar and restaurant in Anaheim and re- mains one of the most popular venues because it has a direct view of Disneyland’s firework shows.

THE ANAHEIM CONVENTION CENTER is the largest convention center on the West Coast and is expanding once again with a 200,000 square foot addition. It hosts world-renowned conferences including VidCon, BlizzCon, the Anime Expo, WonderCon, and the NAMM Show.

24 EL DORADO ORANGE EL DORADO ORANGE | AREA OVERVIEW

TRANSIT MAP

Metrolink has operated three commuter rail lines through Orange County, and has also maintained Rail-to-Rail service with parallel Amtrak service. On a typical weekday, over 40 trains run along the Orange County Line, the 91 Line and the Inland Empire-Orange County Line. Along with Metrolink riders on parallel Amtrak lines, these lines generate approximately 15,000 boarding’s per weekday. Metrolink also offers weekend service on the Orange County Line and the Inland Empire-Orange County line. As ridership has steadily increased in the region, new stations have opened, and future stations are underway.

The Pacific Surfliner regional passenger train route has run through Orange County since 1938. The route includes stops at eight stations in Orange County including San Clemente Pier, San Juan Capistrano, Laguna Niguel/Mission Viejo, Irvine, Santa Ana, Orange, Anaheim Regional Transportation Intermodal Center (ARTIC), and Fullerton Transportation Center.

METROLINK STATION FACTS

n 2.7 miles from subject property n Orange Line connects Anaheim to Downtown Los Angeles n 11 weekday trains n 4 weekend daily trains n 20 minutes to Irvine Station n 55 minutes to Union Station in DTLA n 80 minutes to Oceanside n Connects to Amtrak System including Pacific Surfliner

25 EL DORADO ORANGE MARKET INFORMATION EL DORADO ORANGE | MARKET INFORMATION DEMOGRAPHICS SUMMARY

ORANGE COUNTY PROFILE: CITY OF ORANGE PROFILE:

POPULATION: 3,178,500 POPULATION: 140,289 HOUSEHOLDS: 1,053,650 HOUSEHOLDS: 42,600 UNEMPLOYMENT RATE: 3.6% UNEMPLOYMENT RATE: 4.8% EMPLOYED WORKFORCE: 1,500,000 EMPLOYED WORKFORCE: 69,800 TOP EMPLOYERS: The Co., TOP EMPLOYERS: University of California, Irvine University of California, Irvine, Medical Center, Sisters of St. St. Joseph Health System, Joseph Hospital, Children’s Kaiser Permanente, Boeing Co., Hospital of Orange County, Wal-Mart Stores, Inc., Orange County Transportation Memorial Care Health Systems, Authority, Chapman University, Bank of America, National Oilwell Varco, City of Target Corp and Orange, Kerr Dental, Sisters California St University, of St. Jospeh Health System, Fullerton AECOM, CaliforniaChoice, HOMEOWNERSHIP RATE: 59% Santiago Canyon College DETACHED MEDIAN NEW HOME $1,111,500 HOMEOWNERSHIP RATE: 57% PRICE: DETACHED MEDIAN NEW HOME $766,200 ATTACHED MEDIAN NEW HOME PRICE: $703,708 PRICE: MEDIAN HOUSEHOLD INCOME: $83,800 ATTACHED MEDIAN NEW HOME PRICE: $506,800 MEDIAN HOUSEHOLD INCOME: $83,500

27 EL DORADO ORANGE EL DORADO ORANGE | MARKET INFORMATION

MARKET

DOWNTOWN LA Employment Base: 300,000 Positions 43-Minute Rush Hour Commute CORONA Employment Base: 76,100 Positions 1 Hour Rush Hour Commute FULLERTON/PLACENTIA Employment Base: 93,900 Positions 26-Minute Rush Hour Commute

ANAHEIM Employment Base: 234,600 Positions 15-Minute Rush Hour Commute LONG BEACH Employment Base: 225,500 Positions 48-Minute Rush Hour Commute

SANTA ANA/TUSTIN Employment Base: 196,500 Positions 17-Minute Rush Hour Commute

IRVINE BUSINESS COMPLEX Employment Base: 98,000 Positions COSTA MESA/SO COAST METRO 21-Minute Rush Hour Commute Employment Base: 92,000 Positions 37-Minute Rush Hour Commute IRVINE SPECTRUM AREA NEWPORT BEACH Employment Base: 61,000 Positions Employment Base: 45,000 Positions 28-Minute Rush Hour Commute 42-Minute Rush Hour Commute

28 EL DORADO ORANGE EL DORADO ORANGE | MARKET INFORMATION

FOR-SALE MARKET OVERVIEW

COMPETITIVE MARKET SUMMARY TARGET MARKET

Surveying actively selling new home communities helps to better understand El Dorado will attract first-time, move-up and move-down buyers comprised largely this submarket. Detached homes at El Dorado should be priced in-line with new of singles, couples and young families in their early 30’s to early 40’s originating detached developments and at a premium over the attached communities. from the local Anaheim/Fullerton/Garden Grove/ Orange area with secondary activity originating from other areas of Orange County. The area is quite diverse Overall the competitive market is strong, sales in Central OC are particularly strong. and will likely include a melting pot of ethnicities. Most buyers are expected to work This is likely a result of relatively affordable prices, central location and rising rents nearby because El Dorado is proximate to many employment centers including which make homeownership attractive. Anaheim, Fullerton, Orange and Irvine. Homes built at El Dorado should cater to first-time and first-move-up buyers. Pricing is exceeding previous market highs due to lack of supply and strong demand. New home sales prices are expected continue to climb, due to an expanding employment market, low interest rates and improved consumer confidence. Overall, El Dorado will be well-positioned to deliver new product in a very accessible location providing easy access to nearby employment, great freeway access, and proximity to retail/entertainment.

29 EL DORADO ORANGE EL DORADO ORANGE | MARKET INFORMATION

FOR-SALE MARKET COMPARABLES MAP

1. Vintage at Old Town Tustin

EL DORADO

1.

30 EL DORADO ORANGE EL DORADO ORANGE | MARKET INFORMATION

FOR-SALE MARKET

VINTAGE AT OLD TOWN TUSTIN BY TAYLOR MORRISON - TUSTIN Product Type: Attached Total Units: 140 Open Date: 12.03.2018 Sold Units: 40 Minimum Lot Size: N/A Remaining Units: 100 Tax Rate: 1.1% Overall Absorption Rate: 4.91/mo HOA: $296

Floor Plan Base Pricing Sq Ft Price/Sq Ft Bed Bath Parking Levels

1 $583,845 1,386 $421 3 2.5 2 3 2 $632,315 1,528 $413 3 3.5 2 3 3 $640,170 1,703 $375 3 2.5 2 3 4 $691,815 1,734 $398 3 3.5 2 3 5 $693,653 1,834 $375 4 3.5 2 3 6 $741,245 1,884 $393 3 2.5 2 2 7 $738,815 2,187 $337 4 3.5 2 3

FIFTEEN48 BY HQT - PLACENTIA - SOLD OUT Product Type: Attached Total Units: 10 Open Date: 03.01.2017 Sold Units: 10 Minimum Lot Size: N/A Remaining Units: 0 Tax Rate: 1.25% HOA: $261

Floor Plan Base Pricing Sq Ft Price/Sq Ft Bed Bath Parking Levels

1 $572,500 1,860 $307 3 3.5 2 3 2 $565,900 1,860 $304 2 2 2 3 3 $553,900 1,860 $297 2 2 2 3

31 EL DORADO ORANGE EL DORADO ORANGE | MARKET INFORMATION

FOR-SALE PRICING GRAPH W/RESALES

$1,200,000

$1,100,000

$1,000,000

$900,000

$800,000 EFFECTIVE BASE BASE PRICE EFFECTIVE

$700,000

$600,000

$500,000

$400,000 1,000 1,250 1,500 1,750 2,000 2,250 2,500 2,750 3,000 3,250 3,500 3,750 4,000

SQUARE FEET

Vintage at Old Town Tustin by Taylor Morrison - Tustin Resales Specific Subdivisions - COE 1 year Resales City of Orange - 1 mile radius from subject Attached 10,000 sf lot or less COE 6 months

Resales Specific Subdivisions - COE 1 year Linear (Vintage at Old Town Tustin by Taylor Morrison - Tustin Linear (Resales Specific Subdivisions - COE 1 year) over $1M Attached)

Linear (Resales City of Orange - 1 mile radius from subject Linear (Resales Specific Subdivisions - COE 1 year 10,000 sf lot or less over $1M) COE 6 months)

32 EL DORADO ORANGE E WALNUT AVE

N ESPLANADE ST

CONTACT US FOR MORE INFORMATION

THOMAS DOYLE SAL PROVENZA CURT CRANDALL Founding Partner Partner Partner 949.789.4555, x 11 949.294.6376 949.275.6441 [email protected] [email protected] [email protected] DRE Lic No. 01166180 DRE Lic No. 01790133 DRE Lic No. 01376475

530 Technology Drive, Suite 100 Irvine | CA 92618 | 949.789.4555 | DRE Lic No. 01211887 | www.wdland.com