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 SpacePROPERTY OVERVIEW:The subject property consist of 4 parcels that make up +/- 119.91 acres of raw landlocated in Moreno Valley at the northeast corner of Quincy Street and Manzanita Avenueand extends east to Redlands Boulevard. Approximately 64.7 acres of the property iswithin 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 flatland, while the 55.21-acre portion is primarily made up of rolling hills. The flat portion ofthe property does have an expired tentative map for 23 large lot estate style single-familyhomes. Per the Eastern Municipal Water District, there are existing water lines runningthrough 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.