680 Normandy, Encinitas, CA 92024

THIS OFFERING INCLUDES TWO LEGAL PARCELS, 25440019,14 FOR A TOTAL OF 7.73 ACRES. ZONING IS R-3,14500 SF LOTS, MIDRANGE DENSITY-2.5 DWELLING UNITS PER ACRE. PROPERTY IS CURRENTLY GROWING HOUSES AND A SINGLE FAMILY DETACHED RESIDENCE. CALL LISTING OFFICE FOR BASIC PROFORMA AND MAPS. [Supplement]: Bankruptcy overbid opportunity. This property is scheduled to be sold at public auction The date for this sale is not set as of 4/6/03 but should be set soon with in the Federal Bankruptcy Court in San Diego. The listed price is the minimum overbid amount on this parcel. The Bankruptcy Trustee has accepted an offer to purchase the property and that accepted offer is subject to overbid in court on that date. The property is zoned residential with density between 2-3 units per acre, is basically flat and is covered in wood and plastic greenhouse structures which are left over from a closed flower growing operation. There are no due diligence studies available from the Trustee. Buyer would need to do their own due diligence prior to the court date. The bidding procedures and details of the sale are available to interested bidders. BUYER TO RELY ON ALL THEIR OWN INVESTIGATION RE USES.