PROPERTY DESCRIPTION

PROPERTY FACTS: � LOCATION: Moreno Valley - Riverside County, CA � TOTAL SITE AREA: �119.91 Acres � APN: 473-120-005, 473-120-010, 473-120-068, 473-120-069 � PURCHASE PRICE: $3,200,000 � PRICE PER ACRE: $26,686 � ZONING: 64.7 Acres: R1 Residential 55.21 Acres: R-A-1 & W-2-20 � GENERAL PLAN: 64.7 Acres: R1 Residential 55.21 Acres: Rural Community (VLDR), Rural Mountainous,& Open Space PROPERTY OVERVIEW: The subject property consist of 4 parcels that make up +/- 119.91 acres of raw land located in Moreno Valley at the northeast corner of Quincy Street and Manzanita Avenue and extends east to Redlands Boulevard. Approximately 64.7 acres of the property is within the city boundary of Moreno Valley, while the remaining balance (+/-55.21 acres) is in unincorporated Riverside County. The 64.7-acre portion is made up of relatively flat land, while the 55.21-acre portion is primarily made up of rolling hills. The flat portion of the property does have an expired tentative map for 23 large lot estate style single-family homes. Per the Eastern Municipal Water District, there are existing water lines running through Manzanita Ave and along the eastern border of the 64.7-acre parcel. Additionally, there appears to be power lines along the eastern border as well.