Kittridge Housing 100 Acre Sub-Division West San Fernando Valley 25 Unit Single Family Housing Development

Tentative Tract Map 52652 County of Los Angeles (Unincorporated) 2,527,640 Square Feet 58 Acres 553,000 Square Feet of Residential Pads 25 Residential Pads Residential Pad Sizes Range From 21.000 to 25,000 Square Feet 26.47 Acres of Open Space 4 Tennis Courts & Pavillion

Project Infrastructure Development Cost Site Clearing & Excavation $8,989,293 Finish Grading 605,046 Asphalt 483,877 Utilities 1,300,000 Architect & Engineering 8% 910,257 Permitting 5% 568,911 Legal 1.5% 170,673 Accounting 2% 227,564 Entitlements Unit 150,000 Supervision 8% 910,257 Interest Carry 1,600,000 Contingency 15% 1,707,000 Estimated Development Cost $17,623,000 Unit Cost $ 705,000

Residential Pad Cost of Sales Retail Sale $1,500,000 Infrastructure Cost 705,000 Commission & Sale Cost 4% 60,000 Advertising 1.5% 22,500 Net Without Land Cost 713,000 25 Units $17,815,000

Residential Home Sale Projections Home Cost (6,500 Sq. Ft @ $225 Sq. Ft.) $1,463,000 Infrastructure 705,000 Sales Commission & Cost (5.5%) 193,000 Total Cost 2,361,000 Retail Sales Price 3,500,000 Net Sales Price 1,140,000 Total 25 Units NIC Land Cost $28,500,000