rabiarealtyyour real estate specialists

Phone: 408.393.7679Email: ralizai@InteroRealEstate.comWeb: www.RabiaRealty.comDRE #: 01911932

Investment Opportunity:Land for 19 Approved Condominiums (Townhouse Style)

STILLWATER - 1650

HEPPLEWHITE IVORY - HC36

GEORGIAN BRICK- HC50

SUMMER WHEAT- 1120

BENJAMIN MOORE

CREEKSIDE PODIUM-TOWNHOUSESPDC-05-082

H.C. MUDDOX BRICK

A R C H I T E C T S

95125

1 1 7 6 L i n c o l n A v e n u e , S a n J o s e , C APh. (408) 297-0288 Fx. (408) 297-0384

CREEKSIDE PODIUM TOWNHOUSES

923 & 927 Meridian Avenue San Jose, CA 95126

Lot size: Approximately 21,000 square feet

Offered at: $2,200,000

rabiarealtyyour real estate specialists

Phone: 408.393.7679Email: ralizai@InteroRealEstate.comWeb: www.RabiaRealty.comDRE #: 01911932

Table of Contents

Property DescriptionConceptual Drawings

Pricing & Financial AnalysisDemographic & Area Information

rabiarealtyyour real estate specialists

Property Description923 & 927 Meridian AvenueSan Jose, CA

Investments Highlights:

Near Major Highways: 880, 280 & 87

3 miles to San Jose State University

1 mile to San Jose City College

Close by several grocery stores & convenient stores

3 miles to Downtown San Jose

Property Description:This is a development opportunity for 19 proposed townhomes. The price per proposed townhome is $115,789. Completed townhomes may be worth approximately $500,000 each.

The development opprtunity is in a residential neighborhood existingzone. The general plan calls for approximately 19 units on this approximately 21,000-square foot lot.

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

rabiarealtyyour real estate specialists

Conceptual DrawingsOn the next few pages you will find the conceptual drawings for Creekside Podium Townhouses. Below is a list of the drawings:

Elevations East/South Elevations Interior West/East Elevations Interior South/North Site Plan - Parking Level Site Plan - Podium Level Garage Grading & Utility Plan Grading/Drainage Plan Building Floor Plans Type I & II Building Floor Plans Type III Unit Floor Plans Planting Plan Irrigation Zone Plan

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

STILLWATER - 1650

HEPPLEWHITE IVORY - HC36

GEORGIAN BRICK- HC50

SUMMER WHEAT- 1120

BENJAMIN MOORE

CREEKSIDE PODIUM-TOWNHOUSESPDC-05-082

H.C. MUDDOX BRICK

A R C H I T E C T S

95125

1 1 7 6 L i n c o l n A v e n u e , S a n J o s e , C APh. (408) 297-0288 Fx. (408) 297-0384

rabiarealtyyour real estate specialists

Pricing & Financial Analysis923 & 927 Meridian AvenueSan Jose, CA

Price: $2,200,000Down Payment: 20% $440,000Lot Size: (SF) Approximately 21,000

Financing:Loan Amount: $1,760,000Loan Type NewLoan to Value: 80%

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

rabiarealtyyour real estate specialists

Demographic & Area Analysis923 & 927 Meridian AvenueSan Jose, CA

Community Summary

Population Growth (since 2010) 19%Population Density (ppl / mile) 9,890Household Size (ppl) 2Households w/ Children 28.45 %

Housing Stability

Annual Residential Turnover 23%5+ Years in Residency 26%Median Year in Residency 3

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This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.