A Superior Court Appointed Receiver presently controls this sale. 88 nearly finished lots, in a quiet/attractive private gated community (card entry), were designed with large attractive townhomes, many with territorial views. The graded site contains road improvements, major infrastructure and certain other improvements.

• In recorded Tract Map #53419 and condominium plan instrument #2008-0699956. 7 townhome floor plans, ranging from about 1,850 to 2,750 SF, each with an attached 2-car garage, are plotted in 6 building types.
• The full marketing package cost estimate is informational only and not to be relied upon; all prospective buyers must develop and rely upon their own independent cost analysis and due diligence when formulating an offer. The City approved an Acceptance of In-Lieu Fees for Master Case 01-038; it identifies $1,627,000 In-Lieu Fees ($1,827,000) less previously paid) for Off-Site improvements and will impact cost estimates. The previous concern about the old Bridge condition(s) interrupting a builder's production is obviated by the In-Lieu Fees.

Asking $5,900,000; all cash.

A great project in the great Santa Clarita market; a unique builder/investor opportunity which may generate 2012 revenues!

Larry Lynch (DRE 01180573) at 818-787-3077 for additional information.

Seller reserves the right to accept or reject any offer(s), at any time without notice. Submit offers to:

• Mr. Dave Wald, State Court Receiver, c/o Larry Lynch, President, Korek Land Company, Inc.
• Please include proof of funds.

EMAIL REQUEST FULL PACKAGE