The subject property consists of approximately 5.0 acres of raw land on Dunlap Dr located just south of Nuevo Rd in the City of Perris, one of Riverside County’s fastest growing cities. The property has an expired TTM for 60 Townhouse Units with 370 feet of frontage along Dunlap Dr. The property is approximately 3 miles from I-215 at Nuevo Rd where there is a large commercial presence. Immediately to the west and to the south of the property is a large 534 acre property known as the Park West Specific Plan. This plan calls for 2,027 total residential units for a gross density of 3.8 DU/AC. The first phase of this development has already been sold to Pulte Homes who is actively building homes in the community. See the “Surrounding Development Map” included on the following page for additional insight on the area. The site has access to water along Dunlap Dr with sewer access available at the newly built church to the north on Dunlap Dr per the Eastern Municipal Water District. Additionally, Pulte Homes is currently installing sewer within Parkwest Dr which may also be a connection point for future development.