FOR SALE “Shovel-Ready” Residential Development

1320 Talbryn Drive Belmont,

Exclusively Represented By

Bruce M Paris Investment Properties/NLSG (650) 577-2933 [email protected]

CBRE Group, Inc. Capital Markets

THIS LETTER/PROPOSAL IS INTENDED SOLELY AS A PRELIMINARY EXPRESSION OF GENERAL INTENTIONS AND IS TO BE USED FOR DISCUSSION PURPOSES ONLY. THE PARTIES INTEND THAT NEITHER SHALL HAVE ANY CONTRACTUAL OBLIGATIONS TO THE OTHER WITH RESPECT TO THE MATTERS REFERRED HEREIN UNLESS AND UNTIL A DEFINITIVE AGREEMENT HAS BEEN FULLY EXECUTED AND DELIVERED BY THE PARTIES. THE PARTIES AGREE THAT THIS LETTER/PROPOSAL IS NOT INTENDED TO CREATE ANY AGREEMENT OR OBLIGATION BY EITHER PARTY TO NEGOTIATE A DEFINITIVE LEASE/PURCHASE AND SALE AGREEMENT AND IMPOSES NO DUTY WHATSOEVER ON EITHER PARTY TO CONTINUE NEGOTIATIONS, INCLUDING WITHOUT LIMITATION ANY OBLIGATION TO NEGOTIATE IN GOOD FAITH OR IN ANY WAY OTHER THAN AT ARM’S LENGTH. PRIOR TO DELIVERY OF A DEFINITIVE EXECUTED AGREEMENT, AND WITHOUT ANY LIABILITY TO THE OTHER PARTY, EITHER PARTY MAY (1) PROPOSE DIFFERENT TERMS FROM THOSE SUMMARIZED HEREIN, (2) ENTER INTO NEGOTIATIONS WITH OTHER PARTIES AND/OR (3) UNILATERALLY TERMINATE ALL NEGOTIATIONS WITH THE OTHER PARTY HERETO.

TABLE OF CONTENTS

SECTION I Executive Summary

SECTION II Salient Property Data Property Photographs Aerial Photographs Area Map Parcel Map Unit Plans

SECTION III Zoning Map R-1 Zoning

SECTION IV Comparable Sales/Lease Survey

SECTION V Market Overview

SECTION VII Marketing Team Qualifications

THIS LETTER/PROPOSAL IS INTENDED SOLELY AS A PRELIMINARY EXPRESSION OF GENERAL INTENTIONS AND IS TO BE USED FOR DISCUSSION PURPOSES ONLY. THE PARTIES INTEND THAT NEITHER SHALL HAVE ANY CONTRACTUAL OBLIGATIONS TO THE OTHER WITH RESPECT TO THE MATTERS REFERRED HEREIN UNLESS AND UNTIL A DEFINITIVE AGREEMENT HAS BEEN FULLY EXECUTED AND DELIVERED BY THE PARTIES. THE PARTIES AGREE THAT THIS LETTER/PROPOSAL IS NOT INTENDED TO CREATE ANY AGREEMENT OR OBLIGATION BY EITHER PARTY TO NEGOTIATE A DEFINITIVE LEASE/PURCHASE AND SALE AGREEMENT AND IMPOSES NO DUTY WHATSOEVER ON EITHER PARTY TO CONTINUE NEGOTIATIONS, INCLUDING WITHOUT LIMITATION ANY OBLIGATION TO NEGOTIATE IN GOOD FAITH OR IN ANY WAY OTHER THAN AT ARM’S LENGTH. PRIOR TO DELIVERY OF A DEFINITIVE EXECUTED AGREEMENT, AND WITHOUT ANY LIABILITY TO THE OTHER PARTY, EITHER PARTY MAY (1) PROPOSE DIFFERENT TERMS FROM THOSE SUMMARIZED HEREIN, (2) ENTER INTO NEGOTIATIONS WITH OTHER PARTIES AND/OR (3) UNILATERALLY TERMINATE ALL NEGOTIATIONS WITH THE OTHER PARTY HERETO. Executiva Summary 1320 Talbryn Drive

1320 Talbryn Drive Belmont, California . Fully entitled subdivision map . Complete design approvals . State of art environmental specifications & economies . Significant existing demand generators . TOD functionality via Belmont Village Specific Plan Area . Diverse and creditworthy demographic base . Historically stable employment and occupancy demand . Significant limitations on future development within the area . Projected population growth through continued high-tech employment . Continued long-term demand within Bay Area Metro Area . Adjacent neighborhood is fully built- out and gentrified. . Contemporary home designs in a homogenous configuration creates coherent view orientated site plan, access and aesthetic appeal.

Salient Property Data 1320 Talbryn Drive

Location: 1320 Talbryn Drive, Belmont, California .

Property Type: The Property consists of an irregular shaped, R-1 zoned ±63,908 square foot, 1.47 acre, residential Subdivission property with tentative Subdivission map consisting of four (4) lots all of which offer spectacular Bay views.

Assessor’s Parcel No.: 045-201-190

Use Status: Currently, the property is improved with an older single- family residence which will removed as part of site development.

Existing Improvements & Site Configuration: The existing improvements consist of an older two-story wood frame structure with perimeter grade beam foundations. Access to the site is from a private road describes as Talbryn Place. Of significance is the site’s direct views to the northeast which incorporate views of San Francesco Bay, Twin Pines Park, San Francisco skyline and the surrounding hills.

Zoning/Planning: Zoning; R -1A Single Family Residential, General Plan Designation: RL - Low Density Residential. This zoning district and general plan designations intended to provide areas of homogeneous single family residential uses in suitable locations for the various types of residential accommodations needed in the City, and to provide a means of regulating the density and distribution of the population in conformance with the purposes of the Comprehensive General Plan and this Ordinance.

Area Description: The subject Property consists of a “state of art” infill residential development site opportunity which is adjacent to existing high-quality view oriented luxury residential. The Property is geographically located in the western hills Belmont and just west of the newly created Village Precise Plan Area and the associated JPB Transit Corridor Plan Area. Surrounding properties are predominantly high- value single family detached residential with proximity to the Belmont City Hall, Twin Pines Park and the downtown community retail. Within the perimeter district which

Salient Property Data 1320 Talbryn Drive

consists of high density and gentrified residential in nature consisting of one, two & multi-story structures with a significant future development component primarily focused within the Belmont Village Precise Mixed-Use Plan Area. Major Arterial access is provided to the site from El Camino Real and Highway 101 via Ralston Avenue with good access to all major arterials including direct proximity to local retail and the Safeway Center community shopping center.

Pending Development: The subject property is near many properties which will be related to the Belmont Village Precise Plan Area and resulting Transit Corridor Development. Major projects include:

490 El Camino Real: This mixed-use (residential/commercial) project includes construction of a four story 73-unit residential condominium building and a stand-alone 4,909 square foot single story commercial building; the residential units range from one to three-bedrooms in size. An underground garage (138 spaces) will serve the residential units, and 29 at grade spaces will be provided for the commercial/residential uses. The project includes outdoor patio areas, common area open space, as well as a fitness center. The project includes an environmental study, Rezoning of the property to Planned Development (PD), and a Subdivision Map for the condominiums.

576-600 El Camino Real: This development project consists of a mixed-use (residential/commercial) building located on three parcels (approximately 0.9 acres in combined area). The three-story building would include approximately 11,000 square feet of retail space at the street level, and 1, 2 and 3-bedroom condominiums at the upper levels (32 residential units). Street-level commercial parking, basement parking for residents, and a public court and landscaped rear yard is also proposed.

Crystal Springs Upland Private School, 6, 8 & 10 Davis Drive: The project will involve the construction of a new private middle school on the 6.46-

Salient Property Data 1320 Talbryn Drive

acre site. The school would serve up to 240 6th, 7th, and 8th grade students and employ up to 43 faculty and staff. The project would include an Academic Center, Multi-Purpose Building, Gymnasium, Storage Building, landscaping, and site improvements as part of Phase 1. Phase 2 would include construction of an enclosed swimming pool. Buildings on the site would total approximately 60,000 square feet.

Hilton Homewood Suites Hotel, 1201 Shoreway Road: This project includes the construction of a five- story, 62,640 square foot hotel on a one-acre property (former Empire Lumber site). The 96-room hotel would also include meeting room, breakfast, and ancillary food preparation areas, an indoor fitness area, outdoor second floor deck/patio with kitchen/bar and seating, and an indoor pool/spa. A surface parking lot for 73 vehicles is proposed for the hotel. Vehicular access to the site would be provided via a driveway from Shoreway Road. The project site is currently zoned M-1 Limited Manufacturing and is proposed to be rezoned to C-3 Highway Commercial as part of project entitlements.

Marriott Summerfield Suites 1402 Cormorant Drive: This project includes the construction of a four- story 169-room hotel on a 3.39-acre lot located at the southeast corner of the intersection of Shoreway Road and Cormorant Drive. The hotel would also include meeting room space, a lounge and bar, a buffet area, an exercise room, an outdoor swimming pool, and an outside patio. A surface parking lot for 169 vehicles is proposed for the hotel. Primary vehicular access to the site would be provided via a driveway along Cormorant Road directly across from the access point to the Nikon Precision, Inc. property. A second entrance would be provided at the northeast corner of the site from an existing parking aisle. The project site is currently zoned M-1 Limited Manufacturing and is proposed to be rezoned to C-3 Highway Commercial as part of project entitlements.

Salient Property Data 1320 Talbryn Drive

Autobahn Motors Mercedes Reconstruction Project 700 Island Parkway: This 5.8-acre Project involves demolition of the existing facility and construction of a new dealership serving the same general purpose. The Project will modernize the facilities and re-organize the space to better fit current usage requirements. The will allow reconstruction and expansion of the facility to 58,800 sq. ft.

Neighborhood Description: The property's neighborhood is bounded by the Ralston Avenue on the North, El Camino Real on the East, Harbor Blvd. on the South and Alameda De Las Pulgas on the West. Existing properties consist of gentrified single family detached residential, community and regional retail, single and multi-tenant retail attached “For Rent” and “For Sale” multi-family housing, Class “B” and “C” office all within the broader gentrified single family detached residential community. Significant core amenities include community retail, restaurant, office, service commercial and entertainment. Transportation routes and corridors are excellent with Highways 101and 280 and major arterials immediately accessible to the property to include direct contiguous adjacency to Caltrain directly west of the Property.

Area Economics: All indications are that there will be continued steady increases in the amount of employment in the region. Notwithstanding this fact, significant office construction within the central Peninsula market area will stimulate additional demand in all categories. Further, the trend for the Peninsula market, will continue to follow a steady, increase in all vital statistics particularly in the area of high tech, device and biotechnology employment. This trend will favorably affect office occupancy, housing demand, retail sales, and job creation within the central and southern Peninsula market place, and specifically, the subject Property.

Highest and Best Use: Single family detached residential development.

Proposed Price & Terms: The subject Property is offered unpriced.

Property Images 1320 Talbryn Drive

SUBJECT PROPERTY

SUBJECT PROPERTY

Property Images 1320 Talbryn Drive

SUBJECT PROPERTY

Property Photographs 1320 Talbryn Drive

1320 Talbryn Drive

Parcel Map 1320 Talbryn Drive

Parcel Map 1320 Talbryn Drive

Parcel Map 1320 Talbryn Drive

Zoning Map 1320 Talbryn Drive

1320 Talbryn Drive

Comparable Sales 1320 Talbryn Drive

LOT No.1 BUILDING PLANS Living Space: 3,084 Square Feet Garage: 545 Square Feet Parcel Area: 14,473 Square Feet

Comparable Sales 1320 Talbryn Drive

LOT No.2 BUILDING PLANS Living Space: 2,864 Square Feet Garage: 539 Square Feet Parcel Area: 12,259 Square Feet

Comparable Sales 1320 Talbryn Drive

LOT No.3 BUILDING PLANS Living Space: 3,745 Square Feet Garage: 556 Square Feet Parcel Area: 12,588 Square Feet

Comparable Sales 1320 Talbryn Drive

LOT No.4 BUILDING PLANS Living Space: 3,096 Square Feet Garage: 541 Square Feet Parcel Area: 12,877 Square Feet

Comparable Sales 1320 Talbryn Drive

Comparable Sales Comparable sales data attempts to establish an indication of market value through a comparative review of the subject Property with properties that have recently sold within an established market area which in this case includes the Cities of San Carlos, Belmont and San Mateo.

In utilizing this approach for the 1320 Talbryn Drive Property as a single family detached luxury Subdivission property, it was found that many current and directly comparable properties were found and although differences in date of sale, condition entitlements, parcel size, and location exist between the comparable properties and the subject Property, a reasonable conclusion can be made as to value. In reviewing these comparable sales, the price per legal parcel has been determined to be the most relevant unit of measure for the evaluation of the subject Property and those sales estimated to have the greatest overall similarity. Accordingly, those properties having the greatest similarity have been given the greatest consideration.

In making comparisons between the subject and appropriate comparables, significant differences were taken into consideration during the evaluation of each property. They include the following:

1. Physical distinctions, such as size, access, infrastructure, environment, and topography. 2. Location factors such as proximity to transportation, access and availability of amenities. 3. Physical condition and functionality of improvements. 4. Density in terms of product type and design as well as FAR. 5. Date of sale. 6. Terms of sale to include financial consideration. 7. Motivating factors i.e. short sale, foreclosure, bankruptcy.

These factors, when weighted appropriately, provide the basis from which a comparison can be made. As in the case of a traditional appraisal process, the greatest weight must be given to that property which is most directly comparable to the subject with additional consideration to the remaining relevant properties to determine the most appropriate comparable value. Accordingly, after review of the attached data, it is reasonable to assume that the comparable price per subdivided parcel is;

One Million Six Hundred Thousand Dollars ($1,600,000.00) $1,600,000.00/Parcel X 4 Parcels = $6,400,000.00

Agent Full MLS #: ML81612376 Apprx Lot: 21,400 SqFt (Tax) Apprx Acr: 0.491 Acres Parcel#: 049-391-150 DOM: 56 LA: Max Reinhardt LA Ph: (415) 860-1484 SA: Julie Geyer Walk Score: 1

596 Club Drive, San Carlos 94070 Status: Sold Dates County: San Mateo Orig Price: $3,400,000 Original: 08/31/2016 Area: 351 - Beverly Terrace Etc. List Price: $3,400,000 List: 08/31/2016 Class: Residential Development Land Sale Price: $2,820,000 Sale: 10/26/2016 Land Use: SFR COE: 02/22/2017 Comm: 2.5% Expires: 02/28/2017 L.Type/Service: Exclusive Right to Sell, Zoning: R10006 Off Mrkt: Special Info: New Subdivision Incorp: LOE: 119 Fin Terms: City Limit: Possession: Public: Fantastic Development Opportunity in Prime Location w Best Views in San Carlos! Entitlement Process Completed; Awaiting final subdivision map & Plan set approval. Lot A: 10,023 sq ft Lot; 4,000 sq ft proposed Home Lot B: 15,244 sq ft Lot; 6,000 sq ft proposed Home Private: Showing & Location Showing Information Occupied By: Tenant Owner: Shturman Arkady Phone: Show Contact: Gt.Code: Instructions: Call 1st Map School X Street: Elem: / Belmont-Redwood Shores Elementary Directions: Middle: High: / Sequoia Union High Closing Details # offers: Sold Remarks: Buyer paid City fees associated with lot split and permits. Buyer Finance: Other Concession: LOE: 119 Lots & Land Communications: Lot Desc: Grade - Hillside Dev Lot #: Mineral Rights: Dev Status: Building Plans Filed, Final Map Pending, Parcel Access: City Street Have Building Plans, Lot Split Possible Exist Structure: Misc. Structure(s), Residence Present Use: Residential Exist Crops: Probable Use: Residential Fnc H Mn/Mx: Sec Parcel #: Fnc Feature: None Soil Desc: Horse: No View: Complex/HOA C. Amenities: C. Restrictions: HOA Name: HOA Phone: HOA Fee: HOA Covers: Utilities Sewer: Sewer - Public Electricity: Public Water: Public Distribution Consumer Site: Yes VOW-AVM: Yes Address Format: Show Full Address VOW-Comment: Yes Documents and Disclosures POS Ord.: Trnsf Tx: Hazard: Hazard Area Map Provided by Seller, HillsideDisclosures URL: Other: Public Docs: See BuildFax (Subscription Needed) Contact Information LA: Max Reinhardt LA Ph: (415) 860-1484 LA Lic#: 01876163 LA Em: [email protected] Berkshire Hathaway HomeServices LO: LO Ph: (650) 365-9200 LO Fx: (650) 365-2707 DrysdaleProperties (B.Lic#00964735) Co-LA: Sabrina Lewis Co-LA Ph: (786) 295-3592 Co-LA Lic#: 01989661 Co-LA Em: [email protected] Co-LO: Berkshire Hathaway HomeServices DrysdalePropertiesCo-LO Ph: (650) 365-9200 Co-LO Fx: (650) 365-2707 SA: Julie Geyer SA Ph: (650) 704-0506 SA Fx: (650) 529-2828 SA Lic#: 00521448 SA Em: [email protected] SO: RE/MAX Star Properties SO Ph: (650) 592-7111 SO Fx: (650) 591-1793 History Additional Photos Disclaimer: The above information is deemed to be accurate but not guaranteed; Source: MLSListings MLS #: ML81643036 Apprx Lot: 147,668 SqFt (Tax) Apprx Acr: 3.390 Acres Parcel#: 049-020-080 DOM: 49 LA: Donna Colangelo LA Ph: (650) 208-4885 SA: Kristina Patrick Walk Score: 2

0 0/End of Chesham, left at 361 Chesham , San Carlos Status: Sold Dates 94070 County: San Mateo Orig Price: $2,499,950 Original: 03/20/2017 Area: 351 - Beverly Terrace Etc. List Price: $2,499,950 List: 03/20/2017 Class: Res. Land Single Family Sale Price: $2,425,000 Sale: 05/07/2017 Land Use: COE: 06/21/2017 Comm: 2.5% Expires: 12/19/2017 L.Type/Service: Exclusive Right to Sell, Full Service Zoning: RE0S10 Off Mrkt: Special Info: Not Applicable Incorp: Yes LOE: 45 Fin Terms: City Limit: Yes Possession: COE Public: 3.39 acres of undeveloped land (049-020-080) set in the beautiful Devonshire Canyon. Privacy, mature Oaks and lush foliage yet only minutes from the vibrant downtown San Carlos, merges the best of both worlds. 361 Chesham Avenue (049-020-110) MLS #, ML81642875, Stylish 3 bedroom, 2 bath home on a 8,712 sq. ft. lot are being SOLD together which contributes value and opportunity to this rare property. Private: Private Property...No Trespassing. Must make an appointment to view undeveloped land and be accompanied by the representing agent. Call Donna at 650-208-4885 Showing & Location Showing Information Occupied By: Call Agent Owner: Dutra August S J Phone: Show Contact: Call 208-4885 appt. Gt.Code: Instructions: Appointment Only Map School X Street: Devonshire Blvd. Elem: Heather Elementary / San Carlos Elementary Directions: Devonshire to Chesham. Make a left, right Middle: Tierra Linda Middle on Chesham, go all the way down to the end of the street and make a left up the High: Carlmont High / Sequoia Union High hill to the lot at the chain link fence Closing Details # offers: Sold Remarks: Buyer Finance: Type - Conventional Concession: LOE: 45 Tour San Mateo County Association of 03/21/2017 All Samcar REALTORS 3.39 acres of undeveloped land set the the beautiful Devonshire Canyon. Lots & Land Communications: Lot Desc: Grade - Hilly, Grade - Level, Grade - Sloped Up , Views Dev Lot #: Mineral Rights: No Dev Status: Improvements - None, Unimproved Land Parcel Access: Paved Road, Private Road Exist Structure: None Present Use: Bare Land Exist Crops: None Probable Use: Residential Fnc H Mn/Mx: Sec Parcel #: Fnc Feature: None Soil Desc: Unknown Horse: No View: Bay, Canyon, Greenbelt, Hills Complex/HOA C. Amenities: C. Restrictions: HOA Name: HOA Phone: HOA Fee: HOA Covers: Utilities Sewer: None Electricity: None / No Utilities Water: None Distribution Consumer Site: Yes VOW-AVM: Yes Address Format: Show Street City Zip VOW-Comment: Yes Documents and Disclosures POS Ord.: No Trnsf Tx: No Hazard: Natural Hazard Disclosure Disclosures URL: Other: Public Docs: See BuildFax (Subscription Needed) Contact Information LA: Donna Colangelo LA Ph: (650) 208-4885 LA Lic#: 00593275 LA Em: [email protected] Intero Real Estate Services LO: LO Ph: (650) 622-1000 LO Fx: (650) 622-1099 (B.Lic#01354442) SA: Kristina Patrick SA Ph: (650) 839-3685 SA Fx: (650) 591-1793 SA Lic#: 01880435 SA Em: [email protected] SO: Dwell Realtors, Inc. SO Ph: (650) 486-1555 SO Fx: (650) 486-1536 History Additional Photos Disclaimer: The above information is deemed to be accurate but not guaranteed; Source: MLSListings MLS #: ML81448473 Apprx Lot: 301,871 SqFt (Tax) Apprx Acr: 6.930 Acres Parcel#: 043-021-010 DOM: 107 LA: Abies Tsang LA Ph: (707) 567-3022 SA: Dan Mitnik Walk Score: 32

0 Bishop Road , Belmont 94002 Status: Sold Dates County: San Mateo Orig Price: $2,290,000 Original: 01/27/2015 Area: 361 - Haskins Estates Etc. List Price: $2,290,000 List: 01/27/2015 Class: Res. Land Other Sale Price: $2,288,000 Sale: 05/14/2015 Land Use: Vacant Land (NEC) COE: 07/29/2015 Comm: 2.5% Expires: 01/30/2016 L.Type/Service: Exclusive Right to Sell, Full Service Zoning: HRO001 Off Mrkt: Special Info: Not Applicable Incorp: LOE: 76 Fin Terms: City Limit: Possession: COE Public: Private: Two lot numbers are included in this listing: 043-021-010 and 043-021-380. Showing & Location Showing Information Occupied By: Vacant Owner: Tian He Jia Real Estate US Inc Phone: Show Contact: Gt.Code: Instructions: Go Directly Map School X Street: Elem: / Belmont-Redwood Shores Elementary Directions: Middle: High: / Sequoia Union High Closing Details # offers: Sold Remarks: Buyer Finance: Terms - Cash Sale Concession: LOE: 76 Lots & Land Communications: Lot Desc: Grade - Sloped Down Dev Lot #: Mineral Rights: Dev Status: Design Review Required Parcel Access: Accessible Exist Structure: None Present Use: Vacant Exist Crops: Probable Use: Fnc H Mn/Mx: Sec Parcel #: Fnc Feature: Gate/Door Opener, Soil Desc: Horse: No View: Complex/HOA C. Amenities: C. Restrictions: HOA Name: HOA Phone: HOA Fee: HOA Covers: Utilities Sewer: Other Electricity: Electricity - Available at Street Water: Other Distribution Consumer Site: Yes VOW-AVM: Yes Address Format: Show Full Address VOW-Comment: Yes Documents and Disclosures POS Ord.: No Trnsf Tx: No Hazard: None Disclosures URL: Other: Public Docs: See BuildFax (Subscription Needed) Contact Information LA: Abies Tsang LA Ph: (707) 567-3022 LA Lic#: 01775416 LA Em: [email protected] LO: Vista Pacific Realty (B.Lic#01475314) LO Ph: (800) 715-1009 LO Fx: (714) 242-2674 SA: Dan Mitnik SA Ph: (760) 722-3222 SA Lic#: 01936031 SA Em: [email protected] SO: Real Estate eBroker SO Ph: (760) 722-3222 SO Fx: (619) 399-7089 History Additional Photos Disclaimer: The above information is deemed to be accurate but not guaranteed; Source: MLSListings MLS #: ML81667434 Apprx Lot: 15,473 SqFt (Other) Apprx Acr: 0.355 Acres Parcel#: 045-151-340 DOM: 10 LA: Alex H. Wang LA Ph: (650) 898-7246 SA: Alice Hiuyun Lau Walk Score: 73

901 Holly Road, Belmont 94002 Status: Sold Dates County: San Mateo Orig Price: $1,995,000 Original: 06/23/2017 Area: 362 - Belmont Country Club Etc. List Price: $1,995,000 List: 06/23/2017 Class: Res. Land Single Family Sale Price: $2,088,888 Sale: 07/02/2017 Land Use: SFR COE: 08/01/2017 Comm: 3% Expires: 10/31/2017 L.Type/Service: Exclusive Right to Sell, Zoning: R1000A Off Mrkt: Special Info: Not Applicable Incorp: LOE: 30 Fin Terms: City Limit: Yes Possession: Public: Set on a hillside and a blocks from downtown Belmont, this charming home offers a unique opportunity to purchase the adjacent 6,098 sqft lot for a combined lot size of 15,473 sqft. The main level opens into a spacious living room with exposed beam ceiling, large windows, and fireplace. Formal dining room with wall sconces and chandelier opens into a fully featured kitchen, complete with skylight, breakfast nook, and deck access. One wing of the home features 2 beds and shared bath. On the opposite end, a separate bedroom features a private bath and ancillary room. The lower level of the home boasts an office, multipurpose room, and full bath. With partial Bay Area views, the expansive backyard and deck features mature trees and garden beds. Desirable downtown Belmont location, minutes from Twin Pines Park, shopping, restaurants, and Caltrain. Property boundaries have not been surveyed, buyers encouraged to investigate development potential with the Belmont Building and Planning Dept. Private: Property offered with adjacent lot APN 045-151-350 (6,098 sqft) for a combined lot size of 15,473 sqft. Property boundaries have not been surveyed, buyers encouraged to investigate development potential with the Belmont Building and Planning Dept. Contact Alex for offer date and any questions. Showing & Location Showing Information Occupied By: Vacant Owner: Barton Henry O Phone: Show Contact: Gt.Code: Instructions: Do Not Show Map School X Street: Ralston Ave Elem: Central Elementary / Belmont-Redwood Shores Elementary Directions: Middle: Ralston Intermediate High: Carlmont High / Sequoia Union High Closing Details # offers: Sold Remarks: Buyer Finance: Type - Conventional Concession: LOE: 30 Tour San Mateo County Association of 06/27/2017 All Samcar REALTORS Property being sold with adjacent 6,098 sqft empty lot, total 15,473 sqft Lots & Land Communications: Lot Desc: Grade - Hillside, Views Dev Lot #: Mineral Rights: Dev Status: Other - Call Listing Agent, Recorded Parcel Parcel Access: City Street Map Exist Structure: Residence Present Use: Residential Exist Crops: Probable Use: Fnc H Mn/Mx: Sec Parcel #: 045-151-350 Fnc Feature: Fenced Soil Desc: Horse: No View: Other Complex/HOA C. Amenities: C. Restrictions: HOA Name: HOA Phone: HOA Fee: HOA Covers: Utilities Sewer: Sewer - Public Electricity: Public Water: Public Distribution Consumer Site: Yes VOW-AVM: Yes Address Format: Show Full Address VOW-Comment: Yes Documents and Disclosures POS Ord.: Trnsf Tx: Hazard: Natural Hazard Disclosure Disclosures URL: Other: Public Docs: See BuildFax (Subscription Needed) Contact Information LA: Alex H. Wang LA Ph: (650) 898-7246 LA Lic#: 01351503 LA Em: [email protected] LO: Sereno Group (B.Lic#01116414) LO Ph: (650) 323-1900 LO Fx: (650) 323-0900 SA: Alice Hiuyun Lau SA Ph: SA Lic#: 01319830 SA Em: [email protected] SO: WonderHome Realty, Inc SO Ph: (510) 402-2583 History Additional Photos Disclaimer: The above information is deemed to be accurate but not guaranteed; Source: MLSListings MLS #: ML81562125 Apprx Lot: 5,249 SqFt (Other) Apprx Acr: 0.121 Acres Parcel#: 050-064-040 DOM: 14 LA: Doosik Lee LA Ph: (650) 636-3133 SA: Vincent Armando Walk Score: 90

500 Walnut Street, San Carlos 94070 Status: Sold Dates County: San Mateo Orig Price: $2,100,000 Original: 02/24/2016 Area: 355 - Cordes Etc. List Price: $2,100,000 List: 02/24/2016 Class: Res. Land Single Family Sale Price: $2,000,000 Sale: 03/06/2016 Land Use: RM59 - Review San Carlos City Zoning Code COE: 05/06/2016 Comm: 2.5% Expires: 08/31/2016 L.Type/Service: Exclusive Right to Sell, Full Service Zoning: RM59 Off Mrkt: Special Info: Not Applicable Incorp: Yes LOE: 61 Fin Terms: City Limit: Yes Possession: Public: Development potential of mixture of 4-5 townhome/condo/flat with 3 or 2 bed and 2 or 1 bath. Zoning is RM-59. Private: Development potential of mixture of 4-5 townhome/condo/flat with 3 or 2 bed and 2 or 1 bath. Zoning is RM-59. 4 townhome plan previously approved on May 11 with conditions 2006 but expired. New buyer need to start from pre- application with City. Corner Lot. Excellent Schools, Top Walk score location, 2 Blocks to Cal Transit, 1 Block to San Carlos Downtown life-style. Perfect project for a sophisticated Investor/Developer. Showing & Location Showing Information Occupied By: Tenant Owner: 500 Walnut LLC Phone: Show Contact: Gt.Code: Instructions: Call Listing Agent, Do Not Disturb Occupants Map School X Street: Holly Elem: / San Carlos Elementary Directions: Middle: High: / Sequoia Union High Closing Details # offers: Sold Remarks: Buyer Finance: Other Concession: LOE: 61 Tour San Mateo County Association of 03/08/2016 All Samcar REALTORS 11AM to 1PM Oscar Doosik Lee Santa Clara County Association of 03/09/2016 ST/SC/SJ(Central & South)/WG/BV/AV/CA/CP REALTORS 11AM to 1PM Oscar Doosik Lee Lots & Land Communications: Lot Desc: Flag Dev Lot #: Mineral Rights: Dev Status: None Parcel Access: City Street Exist Structure: Residence Present Use: Single Family Exist Crops: Probable Use: Fnc H Mn/Mx: Sec Parcel #: Fnc Feature: Soil Desc: Horse: No View: Complex/HOA C. Amenities: C. Restrictions: HOA Name: HOA Phone: HOA Fee: HOA Covers: Utilities Sewer: Sewer - Public Electricity: Public Water: Public Distribution Consumer Site: Yes VOW-AVM: Yes Address Format: Show Full Address VOW-Comment: Yes Documents and Disclosures POS Ord.: Trnsf Tx: Hazard: Fault Zone - See Report Disclosures URL: Other: Public Docs: See BuildFax (Subscription Needed) Contact Information LA: Doosik Lee LA Ph: (650) 636-3133 LA Fx: (650) 347-9027 LA Lic#: 01838306 LA Em: [email protected] LO: Doosik Lee, Broker (B.Lic#01838306) LO Ph: (650) 636-3133 LO Fx: (650) 347-9027 SA: Vincent Armando SA Ph: (415) 860-4527 SA Lic#: 00609541 SA Em: [email protected] SO: Armando Investment SO Ph: (650) 595-3434 SO Fx: (650) 513-3337 History Additional Photos Disclaimer: The above information is deemed to be accurate but not guaranteed; Source: MLSListings MLS #: ML81562111 Apprx Lot: 5,249 SqFt (Other) Apprx Acr: 0.121 Acres Parcel#: 050-064-040 DOM: 14 LA: Doosik Lee LA Ph: (650) 636-3133 SA: Vincent Armando Walk Score: 90

500 Walnut Street, San Carlos 94070 Status: Sold Dates County: San Mateo Orig Price: $2,100,000 Original: 02/24/2016 Area: 355 - Cordes Etc. List Price: $2,100,000 List: 02/24/2016 Class: Residential Development Land Sale Price: $2,000,000 Sale: 03/06/2016 Land Use: RM59 - Review the San Carlos City Zoning code COE: 05/06/2016 Comm: 2.5% Expires: 08/31/2016 L.Type/Service: Exclusive Right to Sell, Full Service Zoning: RM59 Off Mrkt: Special Info: Not Applicable Incorp: Yes LOE: 61 Fin Terms: City Limit: Yes Possession: Public: Development potential of mixture of 4-5 townhome/condo/flat with 3 or 2 bed and 2 or 1 bath. Zoning is RM-59. Private: Development potential of mixture of 4-5 townhome/condo/flat with 3 or 2 bed and 2 or 1 bath. Zoning is RM-59. 4 townhome plan previously approved on May 11, 2006 with conditions but expired. New buyer need to start from pre- application with City. Corner Lot. Excellent Schools, Top Walk score location, 2 Blocks to Cal Transit, 1 Block to San Carlos Downtown life-style. Perfect project for a sophisticated Investor/Developer. see ML81562099 Showing & Location Showing Information Occupied By: Tenant Owner: 500 Walnut LLC Phone: Show Contact: Gt.Code: Instructions: Call Listing Agent, Do Not Disturb Occupants Map School X Street: Holly Elem: / San Carlos Elementary Directions: Middle: High: / Sequoia Union High Closing Details # offers: Sold Remarks: Buyer Finance: Other Concession: LOE: 61 Tour San Mateo County Association of 03/08/2016 All Samcar REALTORS 11AM to 1PM Oscar Doosik Lee Santa Clara County Association of 03/09/2016 ST/SC/SJ(Central & South)/WG/BV/AV/CA/CP REALTORS 11AM to 1PM Oscar Doosik Lee Lots & Land Communications: Lot Desc: Corners Marked Dev Lot #: Mineral Rights: Dev Status: None Parcel Access: City Street Exist Structure: Residence Present Use: Residential Exist Crops: Probable Use: Fnc H Mn/Mx: Sec Parcel #: Fnc Feature: Soil Desc: Horse: No View: Complex/HOA C. Amenities: C. Restrictions: HOA Name: HOA Phone: HOA Fee: HOA Covers: Utilities Sewer: Sewer - Public Electricity: Public Water: Public Distribution Consumer Site: Yes VOW-AVM: Yes Address Format: Show Full Address VOW-Comment: Yes Documents and Disclosures POS Ord.: Trnsf Tx: Hazard: Fault Zone - See Report Disclosures URL: Other: Public Docs: See BuildFax (Subscription Needed) Contact Information LA: Doosik Lee LA Ph: (650) 636-3133 LA Fx: (650) 347-9027 LA Lic#: 01838306 LA Em: [email protected] LO: Doosik Lee, Broker (B.Lic#01838306) LO Ph: (650) 636-3133 LO Fx: (650) 347-9027 SA: Vincent Armando SA Ph: (415) 860-4527 SA Lic#: 00609541 SA Em: [email protected] SO: Armando Investment SO Ph: (650) 595-3434 SO Fx: (650) 513-3337 History Additional Photos Disclaimer: The above information is deemed to be accurate but not guaranteed; Source: MLSListings MLS #: ML81518562 Apprx Lot: 11,873 SqFt (Other) Apprx Acr: 0.273 Acres Parcel#: 039-273-580 DOM: 214 LA: Edward Stephens LA Ph: (650) 208-1301 SA: Genna Armanini Walk Score: 40

700 Ventura Avenue, San Mateo 94403 Status: Sold Dates County: San Mateo Orig Price: $1,250,000 Original: 10/12/2015 Area: 428 - San Mateo Terrace Etc. List Price: $1,150,000 List: 10/12/2015 Class: Res. Land Single Family Sale Price: $1,300,000 Sale: 05/13/2016 Land Use: Vacant COE: 07/13/2016 Comm: 2.5% Expires: 10/20/2016 L.Type/Service: Exclusive Right to Sell, Zoning: R1 Off Mrkt: Special Info: Not Applicable Incorp: LOE: 61 Fin Terms: City Limit: Possession: Public: 700 Ventura is a rare vacant lot in the Beresford Park neighborhood of San Mateo. 11,873 square feet of mostly level land. facing South to West, there is sun all day. Close to all conveniences. Private: 700 Ventura is a mostly level 11,873 square foot lot in the Beresford Park neighborhood of San Mateo. Facing South to West, there is sun all day. Please visit www.700ventura.com Showing & Location Showing Information Occupied By: Vacant Owner: Phone: Show Contact: Gt.Code: Instructions: Go Directly Map School X Street: Elem: Beresford Elementary / San Mateo-Foster City Elementary Directions: Middle: Abbott Middle High: Hillsdale High / San Mateo Union High Closing Details # offers: Sold Remarks: Buyer Finance: Terms - Cash Sale Concession: LOE: 61 Lots & Land Communications: Lot Desc: Surveyed Dev Lot #: Mineral Rights: Dev Status: Architectural Review Committee Parcel Access: Private Road Exist Structure: None Present Use: Bare Land Exist Crops: Probable Use: Fnc H Mn/Mx: Sec Parcel #: Fnc Feature: None Soil Desc: Horse: No View: Complex/HOA C. Amenities: C. Restrictions: HOA Name: HOA Phone: HOA Fee: HOA Covers: Utilities Sewer: Sewer - Public Electricity: Electricity 500- Ft Away, Gas 500- Ft Away Water: Public Distribution Consumer Site: Yes VOW-AVM: Yes Address Format: Show Full Address VOW-Comment: Yes Documents and Disclosures POS Ord.: Trnsf Tx: Hazard: Flood Zone - See Report, Natural Hazard Disclosures URL: Disclosure Other: Public Docs: See BuildFax (Subscription Needed) Contact Information LA: Edward Stephens LA Ph: (650) 208-1301 LA Lic#: 00462186 LA Em: [email protected] LO: Coldwell Banker (B.Lic#01908304) LO Ph: (650) 340-9688 LO Fx: (650) 348-1674 SA: Genna Armanini SA Ph: (650) 219-0218 SA Lic#: 01169537 SA Em: [email protected] SO: Michael F. Vigo, Broker SO Ph: (650) 483-9943 History Additional Photos Disclaimer: The above information is deemed to be accurate but not guaranteed; Source: MLSListings MLS #: ML81633141 Apprx Lot: 10,500 SqFt (Tax) Apprx Acr: 0.241 Acres Parcel#: 049-430-050 DOM: 38 LA: Jeff Appenrodt LA Ph: (415) 641-1500 SA: Jeff Appenrodt Walk Score: 5

747 Crestview Drive, San Carlos 94070 Status: Sold Dates County: San Mateo Orig Price: $1,295,000 Original: 12/02/2016 Area: 351 - Beverly Terrace Etc. List Price: $1,295,000 List: 12/02/2016 Class: Res. Land Single Family Sale Price: $1,295,000 Sale: 01/09/2017 Land Use: Vacant Land (NEC) COE: 02/14/2017 Comm: 2.5% Expires: 12/02/2017 L.Type/Service: Exclusive Right to Sell, Zoning: PC0000 Off Mrkt: Special Info: Not Applicable Incorp: LOE: 36 Fin Terms: City Limit: Possession: Public: Residential View Lot in Great Neighborhood. Private: Go direct and take a look. Do not disturb or trespass on neighbors properties. The driveway to the right of the property is private property and no access to subject lot from there. Showing & Location Showing Information Occupied By: Vacant Owner: Phone: Show Contact: Gt.Code: Instructions: Other Map School X Street: Elem: / San Carlos Elementary Directions: Middle: High: / Sequoia Union High Closing Details # offers: Sold Remarks: Buyer Finance: Terms - Cash Sale Concession: LOE: 36 Lots & Land Communications: Lot Desc: Other Dev Lot #: Mineral Rights: Dev Status: Other Parcel Access: City Street Exist Structure: None Present Use: Residential Exist Crops: Probable Use: Fnc H Mn/Mx: Sec Parcel #: Fnc Feature: Soil Desc: Horse: No View: Complex/HOA C. Amenities: C. Restrictions: HOA Name: HOA Phone: HOA Fee: HOA Covers: Utilities Sewer: Other Electricity: Other Water: Other Distribution Consumer Site: Yes VOW-AVM: Yes Address Format: Show Full Address VOW-Comment: Yes Documents and Disclosures POS Ord.: Trnsf Tx: Hazard: None Disclosures URL: Other: Public Docs: See BuildFax (Subscription Needed) Contact Information LA: Jeff Appenrodt LA Ph: (415) 641-1500 LA Lic#: 01336153 LA Em: [email protected] Laurel Realty & Investment LO: LO Ph: (415) 641-1500 LO Fx: (415) 285-4813 (B.Lic#01336153) SA: Jeff Appenrodt SA Ph: (415) 641-1500 SA Lic#: 01336153 SA Em: [email protected] SO: Laurel Realty & Investment SO Ph: (415) 641-1500 SO Fx: (415) 285-4813 History Additional Photos Disclaimer: The above information is deemed to be accurate but not guaranteed; Source: MLSListings MLS #: ML81469660 Apprx Lot: 6,050 SqFt (Other) Apprx Acr: 0.139 Acres Parcel#: 043-173-030 DOM: 5 LA: Dennis W Liu LA Ph: (408) 307-1418 SA: Anna Slutsky Walk Score: 15

2906 San Juan Boulevard, Belmont 94002 Status: Sold Dates County: San Mateo Orig Price: $998,888 Original: 06/10/2015 Area: List Price: $998,888 List: 06/10/2015 Class: Res. Land Single Family Sale Price: $950,000 Sale: 06/12/2015 Land Use: Vacant lot COE: 10/31/2016 Comm: 2.5% Expires: 12/30/2016 L.Type/Service: Exclusive Agency, Full Service Zoning: R1 Off Mrkt: Special Info: Not Applicable Incorp: Yes LOE: 507 Fin Terms: Cash or Conventional Loan City Limit: Yes Possession: COE Public: Lot is to the left of 2904 San Juan Blvd. Belmont. One of the 6 lots for new custom homes at San Juan Valley in city of Belmont. 2 new homes just completed, 4 reminding lots with architecture and floor plan design is completed. Building permit in progress. Owner or builder may start the construction for new homes very soon. There are comps for new homes well above 2.5 million in the area. Excellent school district, easy access to high way 101 or 280. Quiet and friendly neighborhood. Private: Showing & Location Showing Information Occupied By: Call Agent Owner: San Juan Belmont LLC Phone: (408) 307-1418 Show Contact: Dennis Liu Gt.Code: Instructions: Call Listing Agent, Go Directly Map School X Street: Monte Cresta Dr. Elem: Cipriani Elementary / Belmont-Redwood Shores Elementary Directions: Middle: Ralston Intermediate High: Carlmont High / Sequoia Union High Closing Details # offers: Sold Remarks: Buyer Finance: Type - Conventional Concession: LOE: 507 Lots & Land Communications: Cable TV, DSL , Satellite Dish Lot Desc: Grade - Mostly Level Dev Lot #: 27 Mineral Rights: No Dev Status: Architectural Review Committee, Building Parcel Access: City Street Plans Filed, Improvements - None Exist Structure: None Present Use: Vacant Exist Crops: Probable Use: Single Family Fnc H Mn/Mx: Sec Parcel #: Fnc Feature: None Soil Desc: Rocky Horse: No View: Valley Complex/HOA C. Amenities: C. Restrictions: HOA Name: HOA Phone: HOA Fee: HOA Covers: Utilities Sewer: Sewer - Public, Sewer Available at Site Electricity: Electricity - Available at Street Water: Public Distribution Consumer Site: Yes VOW-AVM: Yes Address Format: Show Full Address VOW-Comment: Yes Documents and Disclosures POS Ord.: No Trnsf Tx: No Hazard: None Disclosures URL: Other: Agent has Financial Interest Public Docs: See BuildFax (Subscription Needed) Contact Information LA: Dennis W Liu LA Ph: (408) 307-1418 LA Fx: (408) 404-0032 LA Lic#: 01277115 LA Em: [email protected] LO: Happy Real Estate Inc (B.Lic#00595066) LO Ph: (408) 861-0112 LO Fx: (408) 861-0116 SA: Anna Slutsky SA Ph: (650) 703-8849 SA Lic#: 01472420 SA Em: [email protected] SO: Alain Pinel Realtors SO Ph: (650) 323-1111 SO Fx: (650) 323-1143 History Additional Photos Disclaimer: The above information is deemed to be accurate but not guaranteed; Source: MLSListings MLS #: ML81469694 Apprx Lot: 6,008 SqFt (Other) Apprx Acr: 0.138 Acres Parcel#: 043-173-370 DOM: 5 LA: Dennis W Liu LA Ph: (408) 307-1418 SA: Anna Slutsky Walk Score: 15

2904 San Juan Blvd. , Belmont 94002 Status: Sold Dates County: San Mateo Orig Price: $999,800 Original: 06/10/2015 Area: List Price: $999,800 List: 06/10/2015 Class: Residential Development Land Sale Price: $900,000 Sale: 06/12/2015 Land Use: COE: 11/02/2016 Comm: 2.5% Expires: 12/30/2016 L.Type/Service: Exclusive Agency, Full Service Zoning: R-1 Off Mrkt: Special Info: Not Applicable Incorp: Yes LOE: 509 Fin Terms: Cash or Conventional Loan City Limit: Yes Possession: COE Public: One of the 6 lots for new homes at San Juan Valley in city of Belmont. 2 new homes just completed, 4 reminding lots with architecture and floor plan design is completed. Building permit in progress. Owner or builder may start the construction for new homes very soon. There are comps for new homes well above 2.4 million. Excellent school district, easy access to high way 101 or 280. Quiet and friendly neighborhood. Private: Showing & Location Showing Information Occupied By: Tenant Owner: San Juan Belmont LLC Phone: (408) 307-1418 Show Contact: Dennis Liu Gt.Code: Instructions: Call Listing Agent, Go Directly Map School X Street: Monte Cresta Dr. Elem: Cipriani Elementary / Belmont-Redwood Shores Elementary Directions: Middle: Ralston Intermediate High: Carlmont High / Sequoia Union High Closing Details # offers: Sold Remarks: Buyer Finance: Type - Conventional Concession: LOE: 509 Tour San Mateo County Association of 06/16/2015 All Samcar REALTORS Dennis Liu will be on site to present all of the plans and answer questions. Lots & Land Communications: Cable TV, DSL Lot Desc: Grade - Mostly Level Dev Lot #: 26 Mineral Rights: No Dev Status: Architectural Review Committee, Building Parcel Access: City Street Plans Filed, Have Building Plans, Improvements - None, Site Plan Exist Structure: Residence Present Use: Residential Exist Crops: Probable Use: Residential Fnc H Mn/Mx: Sec Parcel #: Fnc Feature: None Soil Desc: Rocky Horse: No View: Hills, Special, Valley Complex/HOA C. Amenities: C. Restrictions: HOA Name: HOA Phone: HOA Fee: HOA Covers: Utilities Sewer: Sewer - Public, Sewer Available Electricity: Electricity - On Site, Gas - Available at Street, Natural Gas Water: Public, Water On Site Distribution Consumer Site: Yes VOW-AVM: Yes Address Format: Show Full Address VOW-Comment: Yes Documents and Disclosures POS Ord.: No Trnsf Tx: No Hazard: None Disclosures URL: https://dl.dropboxusercontent.com/u/7969707/To20Download/Belmont%20Properties/2015%2006%2010%202904%20San%20Juan%20Blvd%20-%20Lot%2026.zip Other: Agent has Financial Interest Public Docs: See BuildFax (Subscription Needed) Contact Information LA: Dennis W Liu LA Ph: (408) 307-1418 LA Fx: (408) 404-0032 LA Lic#: 01277115 LA Em: [email protected] LO: Happy Real Estate Inc (B.Lic#00595066) LO Ph: (408) 861-0112 LO Fx: (408) 861-0116 SA: Anna Slutsky SA Ph: (650) 703-8849 SA Lic#: 01472420 SA Em: [email protected] SO: Alain Pinel Realtors SO Ph: (650) 323-1111 SO Fx: (650) 323-1143 History Additional Photos Disclaimer: The above information is deemed to be accurate but not guaranteed; Source: MLSListings MLS #: ML81446844 Apprx Lot: 5,674 SqFt (Other) Apprx Acr: 0.130 Acres Parcel#: 044-054-230 DOM: 42 LA: Christopher Harris LA Ph: (650) 269-8187 SA: Genna Armanini Walk Score: 28

1804 Miller Lot A Avenue, Belmont 94002 Status: Sold Dates County: San Mateo Orig Price: $995,000 Original: 01/14/2015 Area: 362 - Belmont Country Club Etc. List Price: $995,000 List: 01/14/2015 Class: Res. Land Single Family Sale Price: $890,000 Sale: 02/25/2015 Land Use: Vacant Land (NEC) COE: 04/09/2015 Comm: 2.5% Expires: 01/13/2016 L.Type/Service: Exclusive Right to Sell, Full Service Zoning: R10000 Off Mrkt: Special Info: Not Applicable Incorp: Yes LOE: 43 Fin Terms: Cash or Conventional Loan City Limit: Yes Possession: COE Public: 1804 Miller Lot A is a completely flat 5674 sq. ft. lot. AIA, Geotech and plans are approved thru the city of Belmont to build a 3001 sq. ft Craftsman/Ranch style two story residence! Consisting of 4 bedrooms and 3 baths with a great room, family room and room to roam! All you have to do is pull the permit! Everything is approved! Why compete when complete? Build your dream home and move in by June 2015, right when school gets out! All plans are available to review! Come and get it! Private: You can tour the property, the parcel dissects the driveway of the previous home and if you are looking at it from the gate, it is from the middle of the driveway to the fence to the right, can give you some perspective. Can be bought with two adjacent parcels, which both are approved by the city to build two new single family residences! Show and sell! Showing & Location Showing Information Occupied By: Vacant Owner: Pheonix Miller LLC Phone: (650) 269-8187 Show Contact: Contact agent Gt.Code: Instructions: Go Directly Map School X Street: Miller Ave. Elem: / Belmont-Redwood Shores Elementary Directions: Middle: High: / Sequoia Union High Closing Details # offers: Sold Remarks: Buyer Finance: Terms - Cash Sale Concession: LOE: 43 Lots & Land Communications: Lot Desc: Regular Dev Lot #: Mineral Rights: No Dev Status: Approved Building Plan, Building Permits Parcel Access: City Street Issued, Building Site Cleared Exist Structure: None Present Use: Bare Land Exist Crops: None Probable Use: Residential Fnc H Mn/Mx: Sec Parcel #: Fnc Feature: Chain Link Soil Desc: Horse: No View: Complex/HOA C. Amenities: C. Restrictions: HOA Name: HOA Phone: HOA Fee: HOA Covers: Utilities Sewer: Sewer - Public Electricity: Electricity - On Site, Gas - On Site Water: Public Distribution Consumer Site: Yes VOW-AVM: Yes Address Format: Show Full Address VOW-Comment: Yes Documents and Disclosures POS Ord.: No Trnsf Tx: Yes Hazard: Fault Zone - See Report, Flood Zone - See Disclosures URL: Report, Natural Hazard Disclosure Other: Public Docs: See BuildFax (Subscription Needed) Contact Information LA: Christopher Harris LA Ph: (650) 269-8187 LA Fx: (650) 344-4014 LA Lic#: 01409048 LA Em: [email protected] LO: Ella Financial, Inc (B.Lic#00801926) LO Ph: (650) 369-5626 LO Fx: (650) 369-5611 SA: Genna Armanini SA Ph: (650) 219-0218 SA Lic#: 01169537 SA Em: [email protected] SO: Michael F. Vigo, Broker SO Ph: (650) 483-9943 History Additional Photos Disclaimer: The above information is deemed to be accurate but not guaranteed; Source: MLSListings MLS #: ML81446837 Apprx Lot: 5,837 SqFt (Other) Apprx Acr: 0.134 Acres Parcel#: 044-054-250 DOM: 42 LA: Christopher Harris LA Ph: (650) 269-8187 SA: Genna Armanini Walk Score: 28

1804 Miller Lot B Avenue, Belmont 94002 Status: Sold Dates County: San Mateo Orig Price: $995,000 Original: 01/14/2015 Area: 362 - Belmont Country Club Etc. List Price: $995,000 List: 01/14/2015 Class: Res. Land Single Family Sale Price: $890,000 Sale: 02/25/2015 Land Use: Vacant Land (NEC) COE: 04/10/2015 Comm: 2.5% Expires: 01/13/2016 L.Type/Service: Exclusive Agency, Full Service Zoning: R1000C Off Mrkt: Special Info: Not Applicable Incorp: Yes LOE: 44 Fin Terms: Cash or Conventional Loan City Limit: Yes Possession: COE Public: 1804 Miller Lot B is ready to be built! This beautiful Craftsman encompasses 2988 sq ft(buyer to verify). Sitting on a 5837 sq ft. mostly level lot with just a slight grade near the street, perfect for a family or executive couple! AIA, geotech and plans have been approved by the city of Belmont! You just need to build it! I have contractor referrals if need be! Why compete when it's complete! Won't last long, come and get it! Private: Full set of plans via dropbox just email or call me! Showing & Location Showing Information Occupied By: Vacant Owner: Pheonix Miller LLC Phone: (650) 269-8187 Show Contact: Gt.Code: Instructions: Go Directly Map School X Street: Lyon Elem: / Belmont-Redwood Shores Elementary Directions: Middle: High: / Sequoia Union High Closing Details # offers: Sold Remarks: Buyer Finance: Terms - Cash Sale Concession: LOE: 44 Lots & Land Communications: Lot Desc: Grade - Gently Sloped, Regular Dev Lot #: Mineral Rights: No Dev Status: Approved Building Plan, Building Permits Parcel Access: City Street Issued, Building Site Cleared, Have Building Plans Exist Structure: None Present Use: Bare Land Exist Crops: None Probable Use: Residential Fnc H Mn/Mx: Sec Parcel #: Fnc Feature: Chain Link Soil Desc: Unknown Horse: No View: Complex/HOA C. Amenities: C. Restrictions: HOA Name: HOA Phone: HOA Fee: HOA Covers: Utilities Sewer: None Electricity: Electricity - On Site, Gas - On Site, Public Water: Public, Water On Site Distribution Consumer Site: Yes VOW-AVM: Yes Address Format: Show Full Address VOW-Comment: Yes Documents and Disclosures POS Ord.: No Trnsf Tx: Yes Hazard: Fault Zone - See Report, Flood Zone - See Disclosures URL: Report, Natural Hazard Disclosure Other: Public Docs: See BuildFax (Subscription Needed) Contact Information LA: Christopher Harris LA Ph: (650) 269-8187 LA Fx: (650) 344-4014 LA Lic#: 01409048 LA Em: [email protected] LO: Ella Financial, Inc (B.Lic#00801926) LO Ph: (650) 369-5626 LO Fx: (650) 369-5611 SA: Genna Armanini SA Ph: (650) 219-0218 SA Lic#: 01169537 SA Em: [email protected] SO: Michael F. Vigo, Broker SO Ph: (650) 483-9943 History Additional Photos Disclaimer: The above information is deemed to be accurate but not guaranteed; Source: MLSListings MLS #: ML81500168 Apprx Lot: 13,030 SqFt (Other) Apprx Acr: 0.299 Acres Parcel#: 049-063-440 DOM: 117 LA: Donna Colangelo LA Ph: (650) 208-4885 SA: Olga Basaraba Walk Score: 9

48 Camborne Avenue, San Carlos 94070 Status: Sold Dates County: San Mateo Orig Price: $949,000 Original: 08/14/2015 Area: 351 - Beverly Terrace Etc. List Price: $895,000 List: 08/14/2015 Class: Res. Land Single Family Sale Price: $865,000 Sale: 12/09/2015 Land Use: Single Family Dwelling COE: 12/09/2015 Comm: 2.5% Expires: 01/24/2016 L.Type/Service: Exclusive Agency, Full Service Zoning: R1 Off Mrkt: Special Info: Not Applicable Incorp: Yes LOE: 0 Fin Terms: Cash or Conventional Loan City Limit: No Possession: COE Public: This amazing Oak tree studded 13,030 sqft lot is one of the last remaining premium view lots in the coveted San Carlos hills. Beautiful, quiet cul-de-sac location to place up to a 3,686 sqft home plus 400 sqft garage. This very private lot looks over sensational, rare, & undeveloped canyon, with bay view. This magical setting allows the buyer to design a modern or traditional home, with room for front & back yards & an in-law unit. The SF Peninsula is less than 10 minutes from HW 101, 280 & CalTrain Private: Call Donna with any questions you may have Showing & Location Showing Information Occupied By: Vacant Owner: Breslow Phone: (650) 208-4885 Show Contact: Gt.Code: Instructions: Call Listing Agent Map School X Street: Club Drive Elem: Fox Elementary / Belmont-Redwood Shores Elementary Directions: Club Drive to Camborne Middle: Ralston Intermediate High: Carlmont High / Sequoia Union High Closing Details # offers: Sold Remarks: Buyer Finance: Terms - Cash Sale Concession: LOE: 0 Tour San Mateo County Association of 08/18/2015 All Samcar REALTORS Come by 9:30-11:30 Drawing for 2.... $50..... Nordstrom's "GIFT CERTIFICATES" Lots & Land Communications: Lot Desc: Grade - Gently Sloped, Grade - Sloped Down , Private/Secluded, Surveyed, Views Dev Lot #: Mineral Rights: Yes Dev Status: Improvements - None Parcel Access: Paved Road Exist Structure: None Present Use: Bare Land Exist Crops: None Probable Use: Residential Fnc H Mn/Mx: Sec Parcel #: Fnc Feature: None Soil Desc: Horse: No View: Bay, Canyon, Hills Complex/HOA C. Amenities: C. Restrictions: HOA Name: HOA Phone: HOA Fee: HOA Covers: Utilities Sewer: Septic Required Electricity: Electricity - Available at Street, Gas - Available at Street Water: Water Available at Street Distribution Consumer Site: Yes VOW-AVM: Yes Address Format: Show Full Address VOW-Comment: Yes Documents and Disclosures POS Ord.: No Trnsf Tx: No Hazard: Fault Zone - See Report Disclosures URL: Other: Disclosure Package Available Public Docs: See BuildFax (Subscription Needed) Contact Information LA: Donna Colangelo LA Ph: (650) 208-4885 LA Lic#: 00593275 LA Em: [email protected] Intero Real Estate Services LO: LO Ph: (650) 622-1000 LO Fx: (650) 622-1099 (B.Lic#01354442) Co-LO: Intero Real Estate Services Co-LO Ph: (415) 266-7500 SA: Olga Basaraba SA Ph: (916) 943-6310 SA Lic#: 01710143 SA Em: [email protected] SO: Advanced Global Real Estate SO Ph: (916) 349-9999 SO Fx: (916) 349-9998 History Additional Photos Disclaimer: The above information is deemed to be accurate but not guaranteed; Source: MLSListings MLS #: ML81600013 Apprx Lot: 28,924 SqFt (Other) Apprx Acr: 0.664 Acres Parcel#: 049-141-580 DOM: 138 LA: Jenny Rowe LA Ph: (650) 722-3502 SA: Brahm Mozayeny Walk Score: 8

180 Winding Way, San Carlos 94070 Status: Sold Dates County: San Mateo Orig Price: $839,000 Original: 05/27/2016 Area: 351 - Beverly Terrace Etc. List Price: $839,000 List: 08/15/2016 Class: Res. Land Single Family Sale Price: $800,000 Sale: 10/22/2016 Land Use: Vacant Land (NEC) COE: 11/22/2016 Comm: 2.5% Expires: 11/05/2016 L.Type/Service: Exclusive Right to Sell, Zoning: R100S7 Off Mrkt: Special Info: Not Applicable Incorp: LOE: 31 Fin Terms: City Limit: Possession: Public: This 28,924 square-foot-lot with lush vegetation and stunning views comes complete with approved plans to build a 3,500-square-foot home with a 1,000-square-foot deck plus substantial garage. The plans are from Blu Homes, the creators of modern, green, luxurious modular properties. Blu Homes is even offering a discount to the buyer who assumes the plans. If the Blu Home is not your vision, then submit your own plans for approval or proceed with the possible subdivision of the lot. The County says if all zoning provisions can be met, the land could be divided. With top San Carlos Schools and just 1.5 miles to downtown, it's the perfect mix of convenience and tranquility. Private: Please email [email protected] with questions and/or to request disclosures. Buyer responsible for verifying all building, zoning and subdivision information with County. Go to 180WindingWay.com for more information. Offers as they come. Please email offer along with all required signed disclosures to [email protected]. 10/3/16 - Transaction fell through - no fault of property. Clients are motivated! Showing & Location Showing Information Occupied By: Vacant Owner: Lubin Heidi Phone: Show Contact: Gt.Code: Instructions: Go Directly Map School X Street: Elem: Heather Elementary / San Carlos Elementary Directions: Middle: Tierra Linda Middle High: Carlmont High / Sequoia Union High Closing Details # offers: Sold Remarks: Buyer Finance: Type - Conventional Concession: LOE: 31 Lots & Land Communications: Lot Desc: Grade - Hillside Dev Lot #: Mineral Rights: Dev Status: Approved Building Plan, Build to Suit, Parcel Access: Accessible Design Review Required, Possible Lot Split, Topographical Map Available Exist Structure: Cabana Present Use: Bare Land Exist Crops: Probable Use: Fnc H Mn/Mx: Sec Parcel #: Fnc Feature: None Soil Desc: Horse: No View: Complex/HOA C. Amenities: C. Restrictions: HOA Name: HOA Phone: HOA Fee: HOA Covers: Utilities Sewer: Sewer in Street Electricity: Electricity - Available at Street, Gas - Available at Street Water: Water Available at Street Distribution Consumer Site: Yes VOW-AVM: Yes Address Format: Show Full Address VOW-Comment: Yes Documents and Disclosures POS Ord.: Trnsf Tx: Hazard: Fire Zone Disclosures URL: Other: Public Docs: See BuildFax (Subscription Needed) Contact Information LA: Jenny Rowe LA Ph: (650) 722-3502 LA Lic#: 01990690 LA Em: [email protected] LO: Alain Pinel Realtors (B.Lic#01127612) LO Ph: (650) 462-1111 LO Fx: (650) 462-1199 SA: Brahm Mozayeny SA Ph: (650) 307-0370 SA Lic#: 01476775 SA Em: [email protected] SO: Bahram Mozayeny, Broker SO Ph: (650) 307-0370 SO Fx: (650) 344-1427 History Additional Photos Disclaimer: The above information is deemed to be accurate but not guaranteed; Source: MLSListings MLS #: ML81639128 Apprx Lot: 6,255 SqFt (Other) Apprx Acr: 0.144 Acres Parcel#: 043-173-370 DOM: 27 LA: Dennis W Liu LA Ph: (408) 307-1418 SA: Suzanne Bakhtiari Walk Score: 17

2902 San Juan Blvd. , Belmont 94002 Status: Sold Dates County: San Mateo Orig Price: $850,000 Original: 02/16/2017 Area: 361 - Haskins Estates Etc. List Price: $850,000 List: 02/16/2017 Class: Res. Land Single Family Sale Price: $785,000 Sale: 03/13/2017 Land Use: CA COE: 03/30/2017 Comm: 2.5% Dual Variable Expires: 06/30/2017 L.Type/Service: Exclusive Agency, Full Service Zoning: R-1B Off Mrkt: Special Info: Not Applicable Incorp: Yes LOE: 17 Fin Terms: Cash or Conventional Loan City Limit: Yes Possession: COE Public: Private: Excellent schools, quiet and private neighborhood. 6 new homes next to each. 2 completed, 2 under construction, remaining lot for sale. Building permit approved and complete ready for construction. Break ground after rainy season of April 15. Showing & Location Showing Information Occupied By: Vacant Owner: San Juan Belmont LLC Phone: (408) 307-1418 Show Contact: Dennis Liu Gt.Code: Instructions: Call Listing Agent, Go Directly Map School X Street: Monte Cresta Dr. Elem: Cipriani Elementary / Belmont-Redwood Shores Elementary Directions: Middle: Ralston Intermediate High: Carlmont High / Sequoia Union High Closing Details # offers: Sold Remarks: Buyer Finance: Terms - Cash Sale Concession: LOE: 17 Lots & Land Communications: Cable TV, DSL Lot Desc: Corners Marked, Grade - Hillside, Grade - Sloped Up Dev Lot #: 24 Mineral Rights: No Dev Status: Approved Building Plan, Building Permits Parcel Access: City Street Issued, Finished Lot, Improvements - None, Subdivision - Not Possible Exist Structure: None Present Use: Vacant Exist Crops: None Probable Use: Residential Fnc H Mn/Mx: Sec Parcel #: Fnc Feature: None Soil Desc: Clay, Loam, Rocky Horse: No View: Canyon, Hills Complex/HOA C. Amenities: C. Restrictions: HOA Name: HOA Phone: HOA Fee: HOA Covers: Utilities Sewer: Sewer - Public, Sewer in Street Electricity: Electricity - Available at Street, Gas - Available at Street, Public Water: Public, Water Available at Street Distribution Consumer Site: Yes VOW-AVM: Yes Address Format: Show Full Address VOW-Comment: Yes Documents and Disclosures POS Ord.: No Trnsf Tx: No Hazard: Fault Zone - See Report, Flood Zone - See Disclosures URL: https://dl.dropboxusercontent.com/u/7969707/To20Download/2016%2010%2019%20Belmont%20Lot%2024%20Permit%20ARCH%20Cyc3_Record%20Set.pdf Report Other: Agent has Financial Interest Public Docs: See BuildFax (Subscription Needed) Contact Information LA: Dennis W Liu LA Ph: (408) 307-1418 LA Fx: (408) 404-0032 LA Lic#: 01277115 LA Em: [email protected] LO: Happy Real Estate Inc (B.Lic#00595066) LO Ph: (408) 861-0112 LO Fx: (408) 861-0116 SA: Suzanne Bakhtiari SA Ph: (650) 279-8907 SA Fx: (650) 941-3094 SA Lic#: 01902489 SA Em: [email protected] SO: Intero Real Estate Services SO Ph: (650) 622-1000 SO Fx: (650) 622-1099 History Additional Photos Disclaimer: The above information is deemed to be accurate but not guaranteed; Source: MLSListings MLS #: ML81613299 Apprx Lot: 10,275 SqFt (Other) Apprx Acr: 0.236 Acres Parcel#: 049-156-250 DOM: 450 LA: KT. Eckardt LA Ph: (650) 302-1080 SA: Scott Syme Walk Score: 10

171 Coronado Avenue, San Carlos 94070 Status: Sold Dates County: San Mateo Orig Price: $800,000 Original: 11/19/2015 Area: 351 - Beverly Terrace Etc. List Price: $800,000 List: 09/07/2016 Class: Res. Land Single Family Sale Price: $755,000 Sale: 03/20/2017 Land Use: COE: 04/06/2017 Comm: 2.5% Expires: 06/30/2017 L.Type/Service: Exclusive Agency, Full Service Zoning: R10006 Off Mrkt: Special Info: Not Applicable Incorp: LOE: 17 Fin Terms: City Limit: Possession: Public: BUILD EXQUISITE, MODERN NEW HOME FOR LE$$ THAN RE$ALE!!!! LAND WITH APPROVED PLANS for a Shockingly- Beautiful, Ultra-Modern 4,438 sf Design with Side-to-Side Walls of Glass on 3 Floors esp in MBdrm, on one of the Last- Remaining, Wide, 10,275 sf Bay-View Lots in SCL Hills. 5 Bdrms each w/own Bath plus Guest Bath, Huge GreatRoom Floorplan with Chef's Kitchen, Interchangeable, Expandable Design and Facade, Unprecedented 8 OnSite Park, Total Surround Privacy esp from Above & Right Setback Neighbors, Latest Seismic Specs, Anchored in Bedrock, Artistic Retaining Wall, Framed by Homes worthy of European Villas. This is a Perfectly-Situated, Perfect Box on One Grade-- Same Upslope as Neighbors but not split nor top-heavy--EZ to Build after Core Foundation. Total Retail Construct Cost $1.8M Retail per 3 Local Vetted Builders. $2.6-2.7M Beauty has No Comparable Past nor Present. **This spectacular home-build on Bay View Lot was a steal. When built, it will be fought over.** Private: BEATS RESALE IN BEAUTY, SIZE AND PRICE! Modern Architectural Beauty in upscale yet down-home San Carlos, on a quiet hillside with a Big Bright Bay View aperture and an Open, Efficient, Artistic Design. 151 and 181 Coronado were built on the same upslope. Building will be far easier once the foundation is cored because it is on one flat grade, anchored in bedrock and by elevator. This Beautiful, Low-to-No Maintenance Executive Home has No Comparable-- Past nor Present--given it's Increasing $$$ value for the Coveted San Carlos Location, its Community-Walk-To-Town Feel, and Nearby High-Scoring Schools including Carlmont High. DOM began in Nov 2015 with imminent Plan Approval which arrived April 2016, after a $950K escrow and subsequent offer could not wait. After two moratoriums and Noah's Ark rain this year--only looking back with missed opportunity will damper this Spectacular Home Build. Showing & Location Showing Information Occupied By: Vacant Owner: Phone: Show Contact: Gt.Code: Instructions: None Map School X Street: Roslyn Elem: / San Carlos Elementary Directions: West on Devonshire from San Carlos Ave., Middle: Left on Windsor Dr., Left at T. of Windsor and Winding Way, Continue Passed Roslyn High: Carlmont High / Sequoia Union High on the Left, Left on Coronado Closing Details # offers: Sold Remarks: Deal of the Century Buyer Finance: Terms - Cash Sale Concession: LOE: 17 Tour San Mateo County Association of 01/03/2017 All Samcar REALTORS BUILD NEW 4 LE$$!!! 5 BD/5.5 BA 8-CAR PK--4K ON 10K WIDE BAY LOT, APPVD PLNS! Lots & Land Communications: Lot Desc: Grade - Sloped Up , Views Dev Lot #: Mineral Rights: Dev Status: Approved Building Plan Parcel Access: Paved Road Exist Structure: None Present Use: Bare Land, Residential Exist Crops: Probable Use: Residential, Vacant Fnc H Mn/Mx: Sec Parcel #: Fnc Feature: Surveyed Soil Desc: Horse: No View: Bay, City Lights, Panoramic Complex/HOA C. Amenities: C. Restrictions: HOA Name: HOA Phone: HOA Fee: HOA Covers: Utilities Sewer: Sewer - Public Electricity: Electricity - Available at Street, Gas - Available at Street Water: Water Available at Street Distribution Consumer Site: No VOW-AVM: Yes Address Format: Show Full Address VOW-Comment: Yes Documents and Disclosures POS Ord.: Trnsf Tx: Hazard: Earthquake Disclosure, Natural Hazard Disclosures URL: Disclosure Other: Public Docs: See BuildFax (Subscription Needed) Contact Information LA: KT. Eckardt LA Ph: (650) 302-1080 LA Lic#: 00912535 LA Em: [email protected] LO: Coldwell Banker (B.Lic#01908304) LO Ph: (650) 558-6800 LO Fx: (650) 343-3892 SA: Scott Syme SA Ph: (650) 678-6189 SA Lic#: 00868157 SA Em: [email protected] SO: Syme Group Real Estate Services SO Ph: (650) 678-6189 History Additional Photos Disclaimer: The above information is deemed to be accurate but not guaranteed; Source: MLSListings MLS #: ML81461126 Apprx Lot: 28,820 SqFt (Other) Apprx Acr: 0.662 Acres Parcel#: 049-141-580 DOM: 20 LA: Max Reinhardt LA Ph: (415) 860-1484 SA: Max Reinhardt Walk Score: 7

0 Winding Way, San Carlos 94070 Status: Sold Dates County: San Mateo Orig Price: $775,000 Original: 04/21/2015 Area: List Price: $775,000 List: 04/21/2015 Class: Res. Land Single Family Sale Price: $725,000 Sale: 05/11/2015 Land Use: COE: 09/11/2015 Comm: 3% Expires: 10/01/2015 L.Type/Service: Exclusive Right to Sell, Full Service Zoning: R100 Off Mrkt: Special Info: Not Applicable Incorp: Yes LOE: 123 Fin Terms: City Limit: No Possession: COE Public: Oversized lot offering great privacy. Build your dream home nestled amongst the Oak Trees on this beautiful hillside lot. Preliminary plan set, letter certifying sewer service to lot, topographical survey, soils study come with the lot. Private: Please contact [email protected] for disclosures on this property. Pre-escrow has been opened at First American Title Company in Redwood Shores with Rhonda Watts if your clients would like to use it. Txt listing agent Max with questions at (415) 860-1484. Showing & Location Showing Information Occupied By: Vacant Owner: Owner Phone: (415) 860-1484 Show Contact: Agent Gt.Code: Instructions: Appointment Only, Do Not Go Direct Map School X Street: Windsor Elem: / San Carlos Elementary Directions: Drive to 164 Winding and park. Lot just Middle: beyond. High: Closing Details # offers: Sold Remarks: Buyer Finance: Type - Conventional Concession: LOE: 123 Tour San Mateo County Association of 04/28/2015 All Samcar REALTORS Great lot in hills of San Carlos. Plan set available. Lots & Land Communications: Lot Desc: Grade - Hilly Dev Lot #: Mineral Rights: Dev Status: Have Building Plans Parcel Access: County Maintained Road Exist Structure: Other Present Use: Vacant Exist Crops: Probable Use: Residential Fnc H Mn/Mx: Sec Parcel #: Fnc Feature: Partial Fencing Soil Desc: Horse: No View: Complex/HOA C. Amenities: C. Restrictions: HOA Name: HOA Phone: HOA Fee: HOA Covers: Utilities Sewer: Sewer - Public Electricity: Available - Not On Site Water: Water Available at Street Distribution Consumer Site: Yes VOW-AVM: Yes Address Format: Show Full Address VOW-Comment: Yes Documents and Disclosures POS Ord.: No Trnsf Tx: No Hazard: Natural Hazard Disclosure Disclosures URL: Other: Public Docs: See BuildFax (Subscription Needed) Contact Information LA: Max Reinhardt LA Ph: (415) 860-1484 LA Lic#: 01876163 LA Em: [email protected] LO: Keller Williams San Carlos (B.Lic#01146638) LO Ph: (650) 489-0030 LO Fx: (650) 523-8630 SA: Max Reinhardt SA Ph: (415) 860-1484 SA Lic#: 01876163 SA Em: [email protected] SO: Keller Williams San Carlos SO Ph: (650) 489-0030 SO Fx: (650) 523-8630 History Additional Photos Disclaimer: The above information is deemed to be accurate but not guaranteed; Source: MLSListings MLS #: ML81639171 Apprx Lot: 6,043 SqFt (Other) Apprx Acr: 0.139 Acres Parcel#: 043-173-430 DOM: 33 LA: Dennis W Liu LA Ph: (408) 307-1418 SA: Suh-Chiueh Lee Walk Score: 18

2607 Monte Cresta drive , Belmont 94002 Status: Sold Dates County: San Mateo Orig Price: $850,000 Original: 02/16/2017 Area: 361 - Haskins Estates Etc. List Price: $850,000 List: 02/16/2017 Class: Res. Land Single Family Sale Price: $710,000 Sale: 03/18/2017 Land Use: COE: 03/29/2017 Comm: 2.5% Dual Variable Expires: 06/30/2017 L.Type/Service: Exclusive Agency, Full Service Zoning: R1-B Off Mrkt: Special Info: Not Applicable Incorp: Yes LOE: 11 Fin Terms: Cash or Conventional Loan City Limit: Yes Possession: COE Public: Vancant lot to the left of 2609 Monte Cresta home. Excellent schools, quite and private neighborhood. Remaining lot of the 6 new homes. Private: Vacant lot to the left of 2609 Monte Cresta drive in eB Showing & Location Showing Information Occupied By: Vacant Owner: Phone: Show Contact: Gt.Code: Instructions: Go Directly Map School X Street: San Juan Blvd. Elem: Cipriani Elementary / Belmont-Redwood Shores Elementary Directions: Middle: Ralston Intermediate High: Carlmont High / Sequoia Union High Closing Details # offers: Sold Remarks: Buyer Finance: Terms - Cash Sale Concession: LOE: 11 Lots & Land Communications: Cable TV, DSL Lot Desc: Grade - Sloped Down Dev Lot #: 23 Mineral Rights: No Dev Status: Approved Building Plan, Finished Lot, Have Parcel Access: City Street Building Permits Exist Structure: None Present Use: Vacant Exist Crops: None Probable Use: Residential Fnc H Mn/Mx: Sec Parcel #: Fnc Feature: Fenced Front Soil Desc: Clay, Loam, Rocky Horse: No View: Canyon, Hills Complex/HOA C. Amenities: C. Restrictions: HOA Name: HOA Phone: HOA Fee: HOA Covers: Utilities Sewer: Sewer - Public Electricity: Electricity - Available at Street, Gas - Available at Street, Public Water: Public Distribution Consumer Site: Yes VOW-AVM: Yes Address Format: Show Full Address VOW-Comment: Yes Documents and Disclosures POS Ord.: No Trnsf Tx: No Hazard: Fault Zone - See Report, Flood Zone - See Disclosures URL: https://dl.dropboxusercontent.com/u/7969707/To20Download/2016%2009%2014%20Belmont%20Permit%20Lot%2023%20ARCH%20Cyc1_Record%20Set.pdf Report Other: Public Docs: See BuildFax (Subscription Needed) Contact Information LA: Dennis W Liu LA Ph: (408) 307-1418 LA Fx: (408) 404-0032 LA Lic#: 01277115 LA Em: [email protected] LO: Happy Real Estate Inc (B.Lic#00595066) LO Ph: (408) 861-0112 LO Fx: (408) 861-0116 SA: Suh-Chiueh Lee SA Ph: (650) 388-8250 SA Lic#: 01933567 SA Em: [email protected] SO: Alain Pinel Realtors SO Ph: (650) 323-1111 SO Fx: (650) 323-1143 History Additional Photos Disclaimer: The above information is deemed to be accurate but not guaranteed; Source: MLSListings

Market Overview 1320 Talbryn Drive

CITY OF BELMONT PROFILE

Belmont is an affluent city in San Mateo County in the U.S. state of California. It is in the San Francisco Bay Area, on the halfway between San Francisco and San Jose. It was originally part of Rancho De Las Pulgas, for which one of its main roads, the Alameda De Las Pulgas, is named. The city was incorporated in 1926. Its population was 25,835 at the 2010 census.

Ralston Hall is a historic landmark built by Bank of California founder, , on the campus of Notre Dame de Namur University. It was built around a villa formerly owned by Count Cipriani, an Italian aristocrat. The locally famous "Waterdog Lake" is also located in the foothills and highlands of Belmont.

One of two surviving structures from the Panama-Pacific International Exposition is on Belmont Avenue (the other is the Palace of Fine Arts in San Francisco). The building was brought to Belmont by E.D. Swift shortly after the exposition closed in 1915. Swift owned a large amount of land in the area.

The 2010 United States Census[10] reported that Belmont had a population of 25,835. The population density was 5,579.8 people per square mile (2,154.4/km²). The racial makeup of Belmont was 17,455 (67.6%) White, 423 (1.6%) African American, 72 (0.3%) Native American, 5,151 (19.9%) Asian, 198 (0.8%) Pacific Islander, 964 (3.7%) from other races, and 1,572 (6.1%) from two or more races. Hispanic or Latino of any race were 2,977 persons (11.5%). The Census reported that 25,321 people (98.0% of the population) lived in households, 394 (1.5%) lived in non-institutionalized group quarters, and 120 (0.5%) were institutionalized.

There were 10,575 households, out of which 3,251 (30.7%) had children under the age of 18 living in them, 5,630 (53.2%) were opposite-sex married couples living together, 830 (7.8%) had a female householder with no husband present, 391 (3.7%) had a male householder with no wife present. There were 510 (4.8%) unmarried opposite-sex partnerships, and 96 (0.9%) same-sex married couples or partnerships. 2,904 households (27.5%) were made up of individuals and 997 (9.4%) had someone living alone who was 65 years of age or older. The average household size was 2.39. There were 6,851 families (64.8% of all households); the average family size was 2.95.

The population was spread out with 5,395 people (20.9%) under the age of 18, 1,668 people (6.5%) aged 18 to 24, 7,645 people (29.6%) aged 25 to 44, 7,284 people (28.2%) aged 45 to 64, and 3,843 people (14.9%) who were 65 years of age or older. The median age was 40.9 years. For every 100 females, there were 95.4 males. For every 100 females age 18 and over, there were 92.5 males.

Market Overview 1320 Talbryn Drive

There were 11,028 housing units at an average density of 2,381.8 per square mile (919.6/km²), of which 6,280 (59.4%) were owner-occupied, and 4,295 (40.6%) were occupied by renters. The homeowner vacancy rate was 0.7%; the rental vacancy rate was 5.2%. 16,473 people (63.8% of the population) lived in owner-occupied housing units and 8,848 people (34.2%) lived in rental housing units.

As of the census[11] of 2000, there were 25,123 people, 10,418 households, and 6,542 families residing in the city. The population density was 5,551.1 people per square mile (2,141.3/km²). There were 10,577 housing units at an average density of 2,337.1 per square mile (901.5/km²).

There were 10,418 households out of which 26.4% had children under the age of 18 living with them, 52.6% were married couples living together, 7.1% had a female householder with no husband present, and 37.2% were non-families. 27.2% of all households were made up of individuals and 7.3% had someone living alone who was 65 years of age or older. The average household size was 2.35 and the average family size was 2.89. In the city, the population was spread out with 19.3% under the age of 18, 6.5% from 18 to 24, 35.9% from 25 to 44, 25.1% from 45 to 64, and 13.2% who were 65 years of age or older. The median age was 39 years. For every 100 females, there were 96.7 males. For every 100 females age 18 and over, there were 94.6 males.

According to a 2007 estimate, the median income for a household in the city was $99,739, and the median income for a family was $122,515.[12] Males had a median income of $63,281 versus $46,957 for females. The per capita income for the city was $42,812. About 1.7% of families and 4.0% of the population were below the poverty line, including 3.2% of those under age 18 and 4.8% of those age 65 and over. In May 2009, Belmont was ranked 11th on Forbes list of "America's Top 25 Towns to Live Well

SAN FRANCISCO PENINSULA MARKET After five years of downturn, the San Francisco Peninsula Commercial Real Estate market experienced positive absorption in 2015 and all indications are that this trend will continue into 2016 and beyond. While the U.S. economy is continuing its relatively slow recovery, the Peninsula has outpaced national trends due to its make-up of leading-edge technology companies. Office vacancy rates here, which by the end of 2010 had increased to 14.7% at its peak have now rebounded. Our projections call for a lowering of the office vacancy factor by another two percentage points by year 2016, returning the vacancy to single-digit rated again. Some submarkets on the Peninsula, notably Palo Alto and Foster City, have already dropped below 5%.

In response to the market’s improved demand, office rental rates continue to grow in the first quarter of 2015 and we are beginning to see new construction, which should gain momentum in 2015. A key factor that may determine the velocity of the recovery

Market Overview 1320 Talbryn Drive

in the Peninsula office market is the fate of the remaining large blocks of undeveloped space which range 4 – 6 million square feet at last count.

One other bellwether of the Peninsula’s strong recovery will be the resurgence of venture capital and IPO activity for start-up and later stage companies. These engines of growth have not yet created the kind of impact they are capable of, but as the economy strengthens they could come into play and significantly accelerate a market growth.

We remain convinced that the Peninsula will be at the forefront of the national office and technology demand due to its strong infrastructure, diversity of industry, and the continued unfolding of new technology and biotechnology from hundreds of established companies already based on the Peninsula.

The nine-county San Francisco Bay Area, according to the California Department of Finance, will add nearly 1.5 million new residents between now and 2020. Depending on the density of new development, the region will need between 90,000 and 150,000 acres of developable land to accommodate this level of growth (California Department of Housing and Community Development). If current trends continue, most new development will occur on previously undeveloped greenfield sites at the urban fringe. This will put substantial pressure on the region’s natural environment and open space lands – particularly in San Mateo, Alameda, Contra Costa, and Santa Clara counties. One way to preserve open space and sensitive environmental lands is to accommodate more growth as infill.

Between now and the year 2020, the Association of Bay Area Governments projects that the larger Bay Area region will need an additional 400,000 housing units to accommodate anticipated population and job growth. Accordingly, and depending on where and how densely infill housing is developed, between 70% and 125% of the region’s 20-year housing need could optimistically be expected to be accommodated via infill.

San Mateo County is mostly built-out and has little remaining vacant or recyclable land. At current average densities, we estimate that San Mateo County could accommodate another 14,700 infill units. If developed at recent average densities, this total would fall to approximately 13,000 additional units. Both estimates are on the optimistic side. About half of San Mateo County’s recyclable acreage is zoned for commercial development, and there is a strong demand for new office development, especially along Highway 101.

Bay Area employment is extremely dispersed. According to the Association of Bay Area Governments, the nine-county region includes 365 census tracts with 3,000 or more jobs per square mile. It is this high degree of job-dispersion that is responsible for much of the region’s traffic congestion. But it also presents an opportunity: one way to reduce traffic congestion, at least during commute hours, would be to encourage

Market Overview 1320 Talbryn Drive more housing construction within walking distance of employment and public transportation.

Market Overview 1320 Talbryn Drive

Market Overview 1320 Talbryn Drive

Market Overview 1320 Talbryn Drive

Market Overview 1320 Talbryn Drive

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm. The Company has approximately 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupies through more than 372 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities, and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Whether it is a local, national or global assignment, CBRE applies insight, experience, intelligence and resources to help clients make informed real state decisions. The many strengths that CBRE brings to each transaction include:

. An intimate knowledge of virtually every major market in the world.

. Intellectual capital and technological resources that develop and deliver

superior analytical, research and client service tools to its professionals.

. A proven track record of meeting diverse client needs.

. Leadership positions in all service lines.

. An organizational structure that harnesses the firm’s collective expertise.

Marketing Team Qualifications 1320 Talbryn Drive

PROFESSIONAL EXPERIENCE Bruce M. Paris is a First Vice President with CBRE in the South San Francisco Peninsula office where he is the managing partner of an Investment Properties brokerage team. He is responsible for the development, execution and management of property marketing services within the South San Francisco Peninsula market area. He coordinates acquisition & disposition marketing programs for clients, including those services oriented toward new and redevelopment projects all of which are implemented through a team services approach. In his 38 year real estate career (25 years with CBRE), Mr. Paris has been involved in virtually every type of investment & development transaction.

HISTORY OF TRANSACTIONS Over the past 38 years, Mr. Paris has been involved in and responsible for transactions totaling over $2.5 Billion in total consideration. These transactions involve a combination of sales, leasing and consulting services performed for individuals, corporations and BRUCE M. PARIS government entities. First Vice President Lic.00644323 Over the recent past, Mr. Paris has been responsible for the following significant 1409 Chapin, Suite MZ transactions in and around the South San Francisco Bay Area; Burlingame, CA 94010

[email protected] CLIENT NAME PROJECT SIZE & LOCATION T 650-577-2933 Hines -Transwestern 310,000 sq. ft. Class A Office Development, San Francisco, CA F 650-577-2980 SPECIALTY ING Realty Partners 60,000 sq. ft. Luxury Condominium Development, Foster City, CA INVESTMENT& DEVELOPMENT Jefferson Elementary SD 4 Property Portfolio Land Disposition Sale/LTGL, Daly City, CA PROPERTY MARKETING Lincoln Property Company 280,000 sq. ft. Class A Office Development, Foster City, CA SERVICES Suraj Hospitality Group 90 Room Hotel Development/LTGL, San Carlos, CA MAJOR CLIENTS Matteson Investments 90 Unit Mixed-Use Residential Condo Property/LTGL, San Carlos, CA • Alexandria Equity Trust Alexandria Real Estate Equities 144,000 sq. ft. Class A Office Development, So San Francisco, CA • AT&T Communications • AvalonBay Communities Prior to joining CBRE, Mr. Paris was president of Maxwell-Paris Commercial & Investment Real Estate Services • BRE Property Trust and IL Commercial Interiors, Inc., both of which he co-founded and oversaw the management of in their • Civic Development Burlingame, CA offices. In his position as President, he grew the combined companies into a 38-person firm • Essex Realty Trust with annual gross revenues of 9.5 million. • Hines Interests • ING Realty Partners AFFILIATIONS • LF George Development • Real Estate Certificate Institute • Lincoln Property Co. • Matteson Investment • Urban Land Institute • Pacific Bank • Rotary Club of South San Francisco & San Carlos, CA, Past President • Pepsico • Southern Pacific Railroad ACHIVEMENTS • SummerHill Development Mr. Paris has been awarded numerous Top 5 and Top 10 annual production awards while a member of the • Sunrise Senior Care • Transwestern Advisors South San Francisco Peninsula CBRE Investment Properties Group. Mr. Paris is a member of both the CBRE Capital Markets Group as well as the CBRE National Land Services Group and is a 2014 Top 5 Producer PUBLIC CLIENTS Recipient. • Jefferson ESD • Burlingame ESD EDUCATION / LICENSES • Redwood City ESD • BS Biological Sciences, South San Francisco State University • Belmont/RWS ESD • Jefferson Union HSD • RECI, AA Business, AA Real Estate, South San Francisco Community College • Mid-Peninsula Water • State of California Real Estate Broker • City of Sunnyvale • State of California General Contractor • Redwood City RDA