PROPERTY DESCRIPTION

The subject property consists of four parcels totaling approximately 98 acres of land within the Lake Matthews area in Riverside County. Three of the four parcels have frontage on Blue Sky Road and form a rectangular shape measuring approximately 2,500 feet in width and 1,200 feet in length. The fourth parcel is connected to parcel #321-210-052 to its northwest via Celestial Drive. The property itself has mild topography on the frontage portion along Blue Sky Road and leads into hillside towards the northwestern most parcel. The area surrounding the property consists of mostly rural residential/large lot homes and some agricultural operations. The property lies approximately 4.5 miles from Highway 74 access which connects to the I-215 to the north and the I-15 to the south. The property is within the Lake Matthews/Woodcrest Planning Area of Riverside County�s General Plan. It has a zoning classification of R-A-2 � which allows for single family residences on a minimum lot size of 2.5 acres consistent with the development standards in the county�s municipal code. The property has an expired Tentative Tract Map (No. 30992) for 18 large single-family lots ranging from 3-5 acres with approximately 29 acres of open conservation area. Please refer to the OM for more details.