Advertised RTI; current permit clearance unverified · approximately 5,000 sq ft proposed residence per listing broker; stamped area schedule requested · ocean-view bluff setting with private beach access · foundation reuse, coastal conditions and septic scope require review · plans, approvals and itemized bids requested October 27 · ROI pending the revised Riviosa-managed-trade cost model and supported exit comparables

Marketed 19-home small-lot subdivision · 18 market-rate homes and one Very Low Income home per broker · historical planning entitlement evidence found; current building permits, final map, extensions and cleared conditions unverified · wireless-facility relocation and affordability obligations require review · plans and current permit records requested October 27 · ROI pending complete scope, Riviosa-managed-trade costs and supported sellout values

Marketed 11-home small-lot subdivision · one Very Low Income home; garage, basement and deck areas require reconciliation · coastal approval history found; current issued building permits and cleared conditions unverified · former dry-cleaning use, remediation/closure, grading and monitoring requirements need document review · plans and agency/environmental records requested October 27 · ROI pending revised construction costs and supported sellout values

Availability requires broker confirmation · listing advertises 3,071 sq ft main residence plus 1,191 sq ft ADU, totaling 4,262 sq ft; stamped areas unverified · prior listing sources conflict on availability; no current asking price confirmed · current approval validity and paid permit fees unverified · hillside, access, grading, utilities and parcel configuration require reconciliation · plans and current status requested October 27 · ROI pending the revised cost model and verified property data

Hillside builder site; currently RTI unverified · listing expressly says March 2021 plan-check approval has lapsed · approximately 0.75-acre site advertised · prior plans, current reapproval requirements, access, slope/geotechnical reports and grading/utility scope requested October 27 · no new approved program or construction start assumed · ROI pending renewed approvals, a measured scope, Riviosa-managed-trade costs and supported exit values

RTI / ready-to-issue permit · all plans advertised signed off for a 2,957 sq ft residence plus 517 sq ft garage · 33,843 sq ft / 0.78-acre bluff lot · $626/approved residential sq ft · $345,000 reduction from the May ask · ROI not modeled—current permit/fee status, complete coastal, bluff, septic and site scope, and defensible like-kind recent completed-home sold comps are not public

Fully entitled RTI small-lot development · 16 single-family homes at approximately 2,500 sq ft each / approximately 40,000 reported planned sellable sq ft · approximately 24,000 sq ft / 0.55-acre site across five lots · $119/reported planned sellable sq ft · ROI not modeled—stamped area schedule, DWP tract and utility work, complete site scope and defensible like-kind sold comps are required

RTI 293-unit ED-1 affordable apartment project · 147,275 approved gross sq ft · 46,035 sq ft / 1.06-acre lot · $13,481/unit · $27/approved gross sq ft · not comparable—income-property underwriting required

Permit-ready / ready-to-issue SFR + ADU advertised · city-approved plans, approved grading plan and Planning Commission variances · 1,930 sq ft three-story residence plus 858 sq ft ADU and 409 sq ft attached garage · 3,485 sq ft steep-slope lot · $178/reported planned residential sq ft · current permit issuance and grading-bond/fee status require confirmation · ROI not modeled—complete hillside, grading, street-improvement, utility, rooftop-deck and site scope plus defensible like-kind recent completed-home sold comps are not public

Fully approved five-unit program advertised, ready to pull permits · four new units plus updated existing 830 sq ft 2-bedroom home · public planning filing describes two 938 sq ft detached ADUs plus a 981 sq ft SB-9 unit with attached 743 sq ft ADU · 14,400 sq ft recorded lot reportedly includes an 8,450 sq ft easement · ROI not modeled—stamped current area schedule, easement/buildable-area reconciliation, complete site/utility/garage scope and income-property underwriting are required · not comparable—income-property underwriting required

Fully approved RTI architectural and structural plans advertised · four townhome-style units plus one ground-floor ADU in two three-story buildings · approximately 7,470 sq ft reported zoning floor area · eight parking spaces with rear-alley access · 5,912 sq ft flat RD1.5 lot · $160/reported zoning floor sq ft · ROI not modeled—stamped finished-area and unit schedule, legal for-sale structure, remaining permit/utility/site costs and defensible like-kind sold comps are not public; income-property underwriting is required if retained as rentals

Fully approved RTI plans advertised for six detached ADUs behind an existing six-unit apartment property · existing 2,838 sq ft / 7-bedroom / 6-bath building with 12 parking spaces · 6,315 sq ft lot · asking price reduced approximately $275,000 from the original $1.30M ask · broker construction cost and cap-rate claims were not adopted · not comparable—income-property underwriting required; approved ADU area, permit/fee status, verified rents and expenses, complete construction scope and stabilized exit evidence are not public

RTI / permitted plans advertised for a 17-unit, four-story TOC Tier 3 multifamily project with subterranean parking · 14 two-bedroom units and 3 one-bedroom units · 27 parking spaces · one Extremely Low Income and two Very Low Income units · vacant 8,074 sq ft R3 lot · $176,471/approved unit · approved gross building area is not public · not comparable—income-property underwriting required

Ready-to-issue plans advertised for a 47-unit multifamily development · active public grading record describes a new four-story, fully sprinklered affordable apartment building with 47 units · vacant 8,853 sq ft LAR3 lot · $25,489/approved unit · $135/lot sq ft · approved gross building area is not public · not comparable—income-property underwriting required

Approved plans advertised Ready-to-Issue for three additional single-story ADUs of approximately 800 sq ft each · existing 1,098 sq ft three-bedroom home on an approximately 8,006 sq ft lot · existing home is tenant-occupied month-to-month and offered with the tenant in place · potential four-unit rental program · not comparable—income-property underwriting required; stamped area schedule, current permit issuance and fees, tenant/relocation terms, complete site and utility scope, verified rents and expenses, financing, lease-up and stabilized exit evidence are not public

Approved plans and permits advertised RTI / shovel-ready · four townhome-style units plus one ADU · approximately 8,000 sq ft planned build on a 6,257 sq ft lot · existing 2-bed / 2.5-bath home could be retained and rented before development · listing advertises approximately $225,000 scheduled gross income · not comparable—income-property underwriting required; stamped area and unit schedule, current permit issuance and paid-fee evidence, tenant or vacancy and demolition scope, verified rents and expenses, complete construction, site and utility costs, financing, lease-up and supportable stabilized exit evidence are not public

Seller advertises delivery of plans Ready-to-Issue before closing; current RTI status is not established · proposed approximately 2,900 sq ft of living area across two levels plus an approximately 400 sq ft lower-level garage · vacant approximately 7,001 sq ft hillside lot · $78/proposed residential sq ft · ROI not modeled—final RTI issuance, stamped finished area, grading, geotechnical, access, retaining-wall, utility and site scope, and credible recent like-kind completed-home sold comps are not public

Advertised shovel-ready RTI multifamily program · two adjacent parcels marketed as fully subdivided and each entitled for a 4-unit SB9 development, for 8 units total · approximately 2,054–2,069 sq ft of reported SB9 development per lot plus additional ADUs · 20,768 sq ft / 0.476-acre combined lot · $310,000/advertised unit · $100,000 price reduction on November 6 · not comparable—income-property underwriting required; City records verify tentative parcel-map approval only and require future residential review and building-permit steps

Advertised RTI-ready approximately 4,000 sq ft modern residence · 5 bedrooms / 5.5 bathrooms, theater, pool, spa and cabana · 6,886 sq ft lot · $363/reported planned finished sq ft · conservative completed value $3.032M at $758/sq ft, equal to the lowest credible selected comp · $3.916M total all-in cost · −$884K projected net profit · −22.6% return on cost · model includes $1.45M acquisition, $29K closing, $1.60M hard cost, $192K remaining soft costs, $160K contingency, $270K carry, $33K tax/insurance and $182K disposition · public permit history corroborates demolition and new-building activity but does not independently establish the full approximately 4,000 sq ft package as currently RTI

RTI 7,524 sq ft residence · 8,205 sq ft lot · $597/approved sq ft

RTI · 4 townhomes · Approx. 8,202 sq ft · ROI pending a verified sellout comp set

RTI · 2,649 sq ft · $800/sq ft modeled value · $2.12M value · $2.05M all-in · $67K profit · 3.3% ROI · Historical modeled figures are unvalidated and superseded pending the revised cost and ROI methodology; not a current investment decision

RTI · 3,113 sq ft · $700/sq ft modeled value · $2.18M value · $2.30M all-in · −$121K profit · −5.3% ROI · Historical modeled figures are unvalidated and superseded pending the revised cost and ROI methodology; not a current investment decision

Advertised RTI · approximately 4,300 sq ft program: 3,700 sq ft main home plus 600 sq ft ADU · 7,700 sq ft flat lot · $558/reported residential sq ft · sewer lateral advertised replaced · prior modeled return superseded pending approved finished-area/garage breakout, pool and site-work cost scope, and defensible adjustments to recent sold evidence

RTI · 4 units · 20 beds / 20 baths · ROI not modeled—approved gross building area is not public

RTI opportunity · existing vacant 1,435 sq ft duplex · 8,002 sq ft lot · approved 4-unit program reported in prior listing · not comparable—income-property underwriting required; current approved gross building area is not public

RTI · ED-1 · 71 units · Approx. 29,000 sq ft · ROI not comparable—income and affordable-housing underwriting required

RTI · 25-unit, 4-story apartment project · 19 one-bedroom units / 6 studios / 3 affordable units · 6,024 sq ft lot · $350,000 price reduction · not comparable—income-property underwriting required; approved gross building area, restricted and market rents, operating expenses and remaining permit fees are required

RTI · 32-unit 100% affordable project · 8,997 sq ft lot · ROI not comparable—restricted-income underwriting required

RTI · 2,564 sq ft residence · 8,405 sq ft lot · $663/approved sq ft · $1,040/sq ft modeled value · $2.67M value · $3.45M all-in · −$781K profit · −22.7% ROI; model includes $34K closing, $1.026M hard cost, $123K soft cost, $103K contingency, $265K carry, $38K tax and insurance, and $160K disposition · Historical modeled figures are unvalidated and superseded pending the revised cost and ROI methodology; not a current investment decision

RTI · 4 beds / 3 baths · 4,370 sq ft residence + 440 sq ft garage · 1.51-acre lot · $675/approved sq ft · ROI not modeled—credible like-kind sold comps in the immediate hillside submarket are not publicly supportable

RTI · 4 units · Approx. 5,315 approved buildable sq ft · 5,101 sq ft lot · $169/approved sq ft · not comparable—income-property underwriting required; stabilized rents and operating expenses are required

Fully permitted / RTI · 3 units · 2,954 approved sq ft · Approx. 6,534 sq ft lot · $132/approved sq ft · 47-sheet approved plan set received · $793 historical all-in cost/sq ft · −47.6% 12-month ROI · $1.28M gap to Riviosa's 15% target · Historical modeled figures are unvalidated and superseded pending the revised cost and ROI methodology; not a current investment decision

Advertised RTI 40-unit multifamily program · 11,248 sq ft lot · $80,000/advertised unit · asking price reduced $50,000 on November 5 and $300,000 from the original July ask · public records describe an active six-story 40-unit new-building file and shoring/grading activity · not comparable—income-property underwriting required; approved gross area, affordability obligations, verified rents and expenses, complete construction scope and stabilized exit evidence are not public

Advertised RTI · proposed 15–16 units, including 3 very-low-income units · 4,862 sq ft lot · ROI not comparable—income-property underwriting and approval-document review required; approved gross building area is not public

RTI · 22 units, including 3 low-income units · 8,848 sq ft lot · ROI not comparable—income-property underwriting required; approved gross building area is not public

RTI plans for 4 additional ADUs · existing 7-unit, 5,564 sq ft building · 7,876 sq ft lot · ROI not comparable—income-property underwriting and the approved ADU gross building area are required

RTI · 5 beds / 5.5 baths · Approx. 6,326 sq ft residence + 674 sq ft garage · 13,507 sq ft lot · $331/approved residential sq ft · ROI not modeled—credible like-kind recently sold comps in the immediate gated Highlands submarket are not publicly supportable

RTI-approved plans · 7,744 sq ft lot · $297/lot sq ft · ROI not modeled—approved finished square footage and a credible like-kind sold comp set are not public

Advertised approved plans / active permit · proposed 2,180 sq ft four-level residence · 3 beds + den / 3.5 baths / elevator / 2-car garage · conflicting lot areas: 3,151 sq ft MLS vs 2,405 sq ft public record · ROI not modeled—current permit validity, legal lot area, hillside/site bids and defensible resale comps remain unverified

Advertised RTI plans · buyer to pay permit fees · 3,596 sq ft R1 lot · $28/lot sq ft · ROI not modeled—approved finished square footage, current permit fee balance and a defensible sellout comp set are not public

RTI residence · 14,705 approved sq ft · 22,373 sq ft hillside lot · $476/approved sq ft · haul route approved and bond exception secured · $700/sq ft modeled value · $10.29M value · $16.28M all-in · −$5.98M profit · −36.8% ROI; model includes $140K closing, $5.882M hard cost, $706K soft cost, $588K contingency, $1.192M carry, $157K tax and insurance, and $618K disposition · Historical modeled figures are unvalidated and superseded pending the revised cost and ROI methodology; not a current investment decision

Advertised permits approved and ready to issue · 2,442 sq ft main residence + approximately 1,000 sq ft ADU · approximately 3,442 combined residential sq ft · 8,582 sq ft hillside lot · $681/reported residential sq ft · rough grading advertised complete · separate 535 sq ft garage and approximately 779 sq ft decks, elevator and spa require full cost reconciliation · prior return superseded; ROI pending stamped finished-area schedule, remaining hillside/utility/permit costs and defensible adjusted recent like-kind sold comps

Permit-ready · approved permits available for issuance · 4,393 sq ft residence · 525 sq ft garage · 12,363 sq ft lot · $840/approved residential sq ft · $722/sq ft modeled value · $3.17M value · $6.73M all-in · −$3.56M profit · −52.8% ROI; model includes $74K closing, $1.757M hard cost, $211K soft cost, $176K contingency, $548K carry, $83K tax and insurance, and $190K disposition · Historical modeled figures are unvalidated and superseded pending the revised cost and ROI methodology; not a current investment decision

Fully approved plans · 4,822 sq ft residence · 4 beds / 4 baths · 9,386 sq ft lot · $778/approved sq ft · $970/sq ft modeled value · $4.68M value · $7.11M all-in · −$2.43M profit · −34.2% ROI; model includes $75K closing, $1.929M hard cost, $231K soft cost, $193K contingency, $566K carry, $84K tax and insurance, and $281K disposition · Historical modeled figures are unvalidated and superseded pending the revised cost and ROI methodology; not a current investment decision

Fully entitled / RTI student housing · 8 units · 44 bedrooms / 44 bathrooms · 24,137 approved gross sq ft · 7,002 sq ft lot · $145/approved sq ft · permit-in-hand with city fees reported paid · not comparable—income-property underwriting required

Advertised fully entitled / RTI student housing · 8 units total, including one ADU · 46 bedrooms / 39 bathrooms · approximately 19,900 reported building sq ft · 7,002 sq ft lot · $129/reported building sq ft · 5 stories with Type V-A housing above Type I-A parking podium · remaining permit fees payable by buyer · not comparable—income-property underwriting required; verified rents, subsidy/covenant terms, expenses, construction scope, permit fees and financing are required

Shovel-ready / RTI apartment project · building and grading permits issued December 2025 · 65 units · 48,525 approved buildable sq ft · 14,992 sq ft cleared lot · $92/approved sq ft · not comparable—income-property underwriting required

Fully entitled / RTI · 100% affordable ED-1 · 57 units · 25,292 approved sq ft · 8,916 sq ft vacant lot · $91/approved sq ft · not comparable—income-property underwriting required; restricted-income covenants and operating assumptions are required

Permit-ready / RTI · issued grading permit · 11-unit ED-1 TOC Tier 3 affordable project · 5,362 sq ft cleared lot · recorded affordable-housing covenant · not comparable—income-property underwriting required

RTI multifamily · 29 base units + 6 proposed ADUs · 26,675 approved residential sq ft + 9,342 sq ft parking/bicycle area · 9,802 sq ft lot · 6 very-low-income units · $112/approved residential sq ft · not comparable—income-property underwriting required

RTI with permit fees reported paid · 36 base units + 9 ADUs · 45 total units · 8,124 sq ft lot · $44,333/unit · 11% of base units designated extremely low income · not comparable—income-property underwriting required; approved gross building area is not public

Fully approved City and HOA plans · 8,250 sq ft residence · 12,000 sq ft lot · $958/approved sq ft · $1,880/sq ft modeled value · $15.51M value · $14.34M all-in · $1.17M profit · 8.2% ROI; model includes $158K closing, $3.30M hard cost, $396K soft cost, $330K contingency, $1.146M carry, $178K tax and insurance, and $931K disposition · Historical modeled figures are unvalidated and superseded pending the revised cost and ROI methodology; not a current investment decision

Fully entitled / RTI luxury multifamily · 50 units · 19,736 sq ft vacant lot · $209,900/unit · not comparable—income-property underwriting required; approved gross building area is not public

Fully entitled / RTI ED-1 mixed-use · 150 approved units including 149 affordable units plus ground-floor retail · 62,833 approved buildable sq ft · 16,220 sq ft lot · $127/approved sq ft · $53,300/unit · not comparable—income-property underwriting required

Bank-owned / RTI · 60 apartments + 4 ADUs · 64 total units · 15,000 sq ft vacant lot · 6 extremely-low-income units · $45,313/unit · not comparable—income-property underwriting required; approved gross building area is not public

Fully RTI · 100% affordable ED-1 · 55 units · 10,008 sq ft lot · $25,455/unit · not comparable—income-property underwriting required; approved gross building area is not public

City-approved RTI permits · approximately 1,900 sq ft development with a 3-bed / 2-bath residence plus 1-bed / 1-bath ADU · 3,239 sq ft lot · $171/approved sq ft · ROI not modeled—credible like-kind recent sold comps in the immediate Solano Canyon submarket are not publicly supportable

Fully RTI · approximately 3,600 sq ft contemporary residence with rooftop deck · 2,849 sq ft lot · $582/approved sq ft · ROI not modeled—credible like-kind recent sold comps with verified sale prices and finished areas are not publicly supportable

Advertised RTI delivery before close · 9 small-lot homes at 1,861–1,882 sq ft each · 20,167 sq ft lot before street dedication / approximately 19,898 sq ft after · $120–$121/planned sq ft · ROI not modeled—current permit issuance and a defensible like-kind sold comp set are not publicly verified

Advertised RTI modern-farmhouse plans · 53,798 sq ft hillside lot · $11/lot sq ft · ROI not modeled—approved finished square footage, current permit documentation, sitework bids and a defensible like-kind sold comp set are not public

Fully entitled / RTI senior affordable housing · 91 units · 57,401 approved residential sq ft · 17,553 sq ft cleared double lot · $50/approved sq ft · $31,736/unit · not comparable—income-property underwriting required

Advertised fully entitled / RTI · 64-unit, 100% affordable ED-1 rental project · 4-story Type V wood construction · 55 one-bedroom units / 9 studios · approximately 32,252 reported building sq ft · approximately 11,400 sq ft lot; sources differ slightly · $59/reported building sq ft · $29,687/unit · existing fourplex advertised delivered vacant · manager-office conversion is potential, not an approved 65th unit · not comparable—income-property underwriting required; restricted rents, covenant, operating expenses, remaining demolition/permit/site costs, construction bids and financing are required

RTI multifamily · 2 four-bedroom / four-bath units plus 2-bedroom ADU and 3-car garage · approximately 5,028 approved sq ft · $338/approved sq ft · conflicting public lot areas: 5,665 vs 8,051 sq ft · not comparable—income-property underwriting required; legal lot area must be verified

RTI four-unit development · 2 four-bedroom / four-bath units plus 2 three-bedroom / three-bath units · 5,681 sq ft lot · not comparable—income-property underwriting required; approved gross building area is not public

City-approved site plan for 5-unit apartment complex including 1 very-low-income unit · 15,629 sq ft R3 lot · not comparable—income-property underwriting required; approved gross building area and current building-permit readiness are not public

Shovel-ready / RTI · 4-unit development with front duplex + 2 detached ADUs · 12 bedrooms / 10 bathrooms · approximately 4,845 approved living sq ft · 4,924 sq ft lot · $237/approved sq ft · not comparable—income-property underwriting required

RTI permits for 3 ADUs · existing triplex · 8,846 sq ft lot · not comparable—income-property underwriting required; approved ADU gross building area is not public

RTI permits in place · planned 18-unit program with 8 apartments, 2 detached ADUs and 6 post-CO ADU conversions · 8,242 approved project sq ft · 6,803 sq ft R3-1 lot · $200/approved sq ft · delivered vacant · not comparable—income-property underwriting required

City-approved plans / ready-to-issue permits for conversion to 3 units · existing 4-bedroom / 3-bathroom, 2,090 sq ft residence · 2,496 sq ft lot · not comparable—income-property underwriting required; approved three-unit project gross building area is not public

RTI upon payment of permit fees · 15-unit apartment project · 16,491 approved rentable sq ft · 8,112 sq ft lot · 17 parking spaces · $133/approved rentable sq ft · not comparable—income-property underwriting required

RTI · 17-unit apartment project with 17 one-bedroom / one-bathroom residences · 7,003 sq ft lot · not comparable—income-property underwriting required; approved gross building area is not public

RTI / shovel-ready · 6-story, 40-unit multifamily project · 40 two-bedroom / two-bathroom residences · 17,930 sq ft double lot · $200,000/unit · not comparable—income-property underwriting required; approved gross building area is not public

Approved RTI / shovel-ready · 5-story, 17-unit multifamily project · 12,092 approved project sq ft · 7,013 sq ft R4-1VL lot · $98/approved sq ft · delivered fully vacant · not comparable—income-property underwriting required

Full RTI plans and permits / shovel-ready · approved conversion to duplex plus 2 detached ADUs · 4 units / 13 bedrooms / 12 bathrooms · 5,302 sq ft lot · not comparable—income-property underwriting required; approved gross building area is not public

Fully approved RTI plans · existing renovated 10-unit, 6,536 sq ft building · 6 additional garage-conversion units approved · 6,388 sq ft lot · not comparable—income-property underwriting required; approved added-unit gross building area is not public

Fully approved RTI plans · existing renovated 20-unit, 7,700 sq ft building · 4 attached ADUs approved · 5,414 sq ft lot · $500,000 reported price reduction · not comparable—income-property underwriting required; approved added-unit gross building area is not public

Shovel-ready / RTI · 5-story, 45-unit multifamily project including 5 low-income units · approximately 46,259 approved FAR sq ft · 0.41-acre four-parcel site · 37 parking spaces including 4 EV spaces · $82/approved sq ft · not comparable—income-property underwriting required

RTI · approximately 12,000 sq ft all-above-grade residence · 45,738 sq ft lot · $666/approved sq ft · ROI not modeled—credible like-kind recently sold Lower Bel-Air comps for an approximately 12,000 sq ft estate are not publicly supportable

RTI permits ready · approximately 4,000 sq ft residence · 4 beds / 6 baths · conflicting public lot areas: 4,940 vs 10,758 sq ft · $286/approved sq ft · $750/sq ft modeled value · $3.00M value · $3.56M all-in · −$559K profit · −15.7% ROI; model includes $23K closing, $1.60M hard cost, $192K soft cost, $160K contingency, $233K carry, $26K tax and insurance, and $180K disposition · Historical modeled figures are unvalidated and superseded pending the revised cost and ROI methodology; not a current investment decision

Fully approved RTI plans · existing 3-unit, 2,551 sq ft property · new 1,019 sq ft detached 3-bed / 2-bath ADU plus 538 sq ft expansion approved · planned 4-unit compound · 10,295 sq ft lot · one existing unit delivered vacant · property identity requires title and permit confirmation · not comparable—income-property underwriting required

Fully entitled / RTI · 58-unit income-restricted apartment community · 13,805 sq ft / 0.32-acre lot · delivered vacant · $50,862/unit · not comparable—income-property underwriting required; approved gross building area is not public

Fully entitled / RTI · approved 3-story, 9-unit apartment building plus 1 ADU over subterranean parking · existing 1,536 sq ft multifamily property · 7,500 sq ft lot · $329,500/unit · not comparable—income-property underwriting required; approved gross building area is not public

RTI / shovel-ready · approximately 10,351 sq ft custom residence · 5 beds / 8 baths · ADU + JADU · 61,027 sq ft / 1.4-acre lot · $483/approved sq ft · ROI not modeled—the second defensible like-kind recent sold BHPO comp with verified sale price, finished area and new-build condition is not publicly supportable

Advertised RTI · 70 one-bedroom units / 100% affordable · 5-story Type III-A project · approximately 41,997 approved building sq ft · approximately 14,000 sq ft lot · $59/approved building sq ft · $35,643/unit · not comparable—income-property underwriting required; restricted rents, operating expenses, affordability covenants and financing terms are required

Advertised RTI permits/plans by Standard Architecture and Design available for an additional fee · 0.1906-acre lot · ROI not modeled—approved residential program and finished square footage, the additional plan/permit purchase fee, and a credible like-kind sold comp set are not public

Advertised shovel-ready plans / seller-paid permit fees · approximately 2,646 sq ft single-level residence with 4 bedrooms, 3 bathrooms, office and attached 2-car garage · 11,597 sq ft lot · $539/reported planned residential sq ft · existing structure partially demolished · ROI not modeled—remaining demolition/site costs, confirmation of approved finished area excluding garage, and a defensible like-kind recent sold comp set are required

Advertised fully pulled and paid transferable permits and plans · vacant, flat 200-by-35-foot lot · 7,751 sq ft lot · Phase 2 cleanup reported complete · ROI not modeled—approved residential program and finished square footage, post-cleanup permit validity and remaining site scope, and a defensible like-kind recent sold comp set are not public

Advertised shovel-ready with fully approved plans and permits ready to issue · approximately 2,760 sq ft two-story residence · 4 bedrooms / 3.5 bathrooms · attached 2-car garage · 6,226 sq ft lot · $308/reported planned residential sq ft · $100,100 reduction from the June asking price · ROI not modeled—credible like-kind recent new-construction sold comps, current permit issuance and fee status, and remaining demolition, pool, utility and site scope are not publicly supportable

Advertised RTI plans by KAA Design · approximately 8,200 sq ft estate with wellness retreat and resort-style pool grounds · 33,748 sq ft / 0.77-acre lot · existing 4,851 sq ft 1930 residence · $1,524/reported planned residential sq ft · ROI not modeled—current permit issuance and fee status, demolition, site and pool scope, and a defensible like-kind large-lot new-construction sold comp set are required

Delivered demolished, vacant and RTI · approved 51-unit workforce-housing project · 48 one-bedroom units / 2 two-bedroom units / 1 studio · approximately 19,530 approved building sq ft · 7,067 sq ft lot · $77/approved building sq ft · $29,412/unit · 48 units designated for Low and Moderate Income tiers · not comparable—income-property underwriting required

Existing 12-unit, approximately 8,578 sq ft apartment building · RTI plans for 6 additional ADUs / potential 18-unit program · 8,257 sq ft lot · $122,222/potential unit · not comparable—income-property underwriting required

Existing renovated 7-unit, approximately 4,444 sq ft apartment property · advertised fully approved RTI plans for 6 detached ADUs / potential 13-unit program · approximately 7,086 sq ft lot · $168,846/potential unit · $55,000 price reduction · not comparable—income-property underwriting required

Advertised 12-unit RTI project · approved plans described as 4 duplex structures plus 2 detached ADUs · approximately 24,210 approved building sq ft · 0.40-acre / approximately 17,882 sq ft lot · existing 3-bungalow property delivered fully vacant with no relocation · $100/approved building sq ft · not comparable—income-property underwriting required

Fully approved / ready-to-issue permits for grading, architectural, structural, mechanical, electrical, plumbing and landscaping · approximately 3,020 sq ft two-story residence · 4 bedrooms / 3 bathrooms / 2-car garage / rooftop deck · 10,307 sq ft lot · $114/approved residential sq ft · ROI not modeled—complete hillside, grading, utility and remaining permit-fee scope plus defensible like-kind recent new-construction sold comps are not publicly supportable

Fully approved, permit-ready plans for an approximately 3,500 sq ft three-level single-family residence · 4 bedrooms / 4 full bathrooms / 2 powder rooms / rooftop deck · approximately 3,541 sq ft lot · existing three-unit, approximately 2,550 sq ft property with two units vacant and one tenant-occupied · $1,571/approved residential sq ft · ROI not modeled—defensible like-kind new-construction sold comps, tenant/relocation status, demolition, coastal/site costs and remaining permit fees are not publicly supportable

Fully approved plans and issued building permit · approximately 5,400 sq ft two-story residence with subterranean 3-car garage, infinity pool and spa · approximately 25,754 sq ft / 0.59-acre mostly usable lot · construction reported underway with grading almost complete · $925/approved residential sq ft · ROI not modeled—defensible like-kind recent new-construction sold comps and a complete verified budget for work in place, subterranean garage, pool/spa, AOWTS, drainage and remaining construction are not public

Five separately available RTI lots · approximately 4,000 sq ft each · approved plans for approximately 1,500 sq ft, 3-bedroom / 3-bath modern homes · permits and plans advertised approved and ready for immediate construction · $500/reported planned residential sq ft per lot · ROI not modeled—current permit-fee and site/grading scope plus defensible like-kind recent new-construction sold comps are not publicly supportable

Fully entitled / RTI 4-story mixed-use development · 15 apartments: 12 one-bedroom and 3 two-bedroom units · 3 designated low-income units · ground-floor commercial space · 5,942 sq ft corner lot · $55,000/residential unit · $70,000 price reduction from the archived ask · not comparable—income-property underwriting required

RTI plans in place / fully entitled · 11-unit apartment project with 8 market-rate and 3 low-income units · 4-story design with 14 vehicle spaces and 24 bicycle spaces · 11,107 total project sq ft / 9,547 livable sq ft · 6,752 sq ft vacant lot · $153/total project sq ft · $154,545/unit · not comparable—income-property underwriting required

Existing occupied 4-unit, approximately 3,608 sq ft property · RTI-approved plans for 4 additional units / potential 8-unit program · approximately 8,285 sq ft lot · $143,750/potential unit · tenants remain in place · not comparable—income-property underwriting required; approved added-unit gross building area is not public

Fully approved, permit-ready remodel plans · existing 1,254 sq ft residence plus approved approximately 180 sq ft addition / 1,434 approved finished sq ft · proposed approximately 300 sq ft garage-to-ADU conversion remains in final review and is excluded · 6,750 sq ft lot · $854/approved finished sq ft · modeled completed value $1,068,330 · total all-in cost $2,222,370 · projected net loss $1,154,040 · -51.9% return on cost · Historical modeled figures are unvalidated and superseded pending the revised cost and ROI methodology; not a current investment decision

Advertised RTI plans for approximately 11,000 sq ft residence · proposed ADU accommodations and attached garage subject to verification · existing approximately 3,581 sq ft residence · approximately 41,184 sq ft / 1.09-acre lot · $518/reported planned residential sq ft · ROI not modeled—approved finished-area breakout, permit/fee status, complete demolition/site/pool/landscape scope, HOA review obligations and defensible recent like-kind 10,000+ sq ft new-construction sold comps are not publicly supportable

Advertised RTI plans by Studio Plasencia for approximately 15,000 sq ft estate · 8 bedroom suites, wellness center, gym, media room, 2 offices and pickleball court · existing approximately 2,485 sq ft residence · approximately 0.65-acre / 28,314 sq ft lot · $523/reported planned residential sq ft · ROI not modeled—defensible recent like-kind 15,000 sq ft new-construction sold comps and complete demolition, grading, retaining, utility, landscape, amenity and permit-fee scope are not publicly supportable

Fully RTI plans by Richard Landry for approximately 21,000 sq ft estate · existing renovated approximately 11,000 sq ft, 6-bedroom / 12-bath residence · approximately 103,296 sq ft / 2.37-acre lot · $1,428/reported planned residential sq ft · ROI not modeled—defensible recent like-kind 20,000+ sq ft new-construction sold comps and complete demolition, grading, retaining, pool, tennis, landscape, utility and permit-fee scope are not publicly supportable

Advertised RTI, permit-ready and shovel-ready · nearly 3,000 sq ft three-story residence · 3 bedrooms / 3.5 bathrooms · 635 sq ft garage · elevator · approximately 8,984 sq ft hillside lot · approximately $133/reported planned residential sq ft · ROI not modeled—exact approved finished area, current permit and fee status, complete hillside/grading/retaining/utility scope and defensible recent like-kind new-construction sold comps are not publicly supportable

Assignable permits in hand for 3 four-story single-family residences · 9,764.47 combined reported building sq ft, not verified finished living area · 2-car garage per home · lower-level basements 901 / 905 / 1,044 sq ft with potential ADU conversion, not additional approved units · reported lot 7,909–7,910 sq ft; parcel areas total 7,674 sq ft · $122/reported building sq ft · $480,000 reduction from original $1,675,000 ask · ROI not modeled—approved finished-area and garage/basement breakout, legal lot-area reconciliation, complete hillside/utility/permit costs and supported adjustments from smaller new-build sold comps are required

Advertised RTI delivery · approved 56-unit, 4-story Type V-A affordable apartment project · approximately 33,212 building sq ft · 12,679 sq ft corner double lot · no parking structure · $74/reported building sq ft · $43,750/unit · broker materials differ on final unit mix and current-versus-future RTI delivery; approval and permit documents require confirmation · not comparable—income-property underwriting required; affordability covenant, achievable restricted rents, operating expenses, remaining permit/site costs and financing terms are required

Approved plans and paid permits advertised · 4,500 sq ft custom home, 5 bedrooms / 7 bathrooms, pool and elevator · 15,682 sq ft hillside lot · $300/planned residential sq ft · grading and shoring advertised complete; existing deep foundation and retaining piles require inspection and scope reconciliation · ROI not modeled—approved finished-area schedule, remaining foundation/retaining/drainage/utility costs, permit validity and a defensible adjusted hillside new-build sold-comp set are required

Advertised fully paid permits and approved plans · two 2-story homes, each 1,320 sq ft / 4 bedrooms / 2 bathrooms · 2,640 combined reported residential sq ft · 7,500 sq ft flat vacant lot · $218/reported residential sq ft · two additional 800 sq ft ADUs are future possibilities for additional fees, not part of the verified approved program · ROI not modeled—stamped finished-area schedule, SB9 separate-sale legality, remaining utility/site/permit costs and defensible like-kind recent sold comps are required

Advertised RTI plans and issued building permit · 2,698 sq ft single-level residence, 4 bedrooms / 3 bathrooms, garage and pool · 7,076 sq ft lot advertised; assessor fields report approximately 6,777 sq ft · $480/reported planned residential sq ft · asking price reduced $100,000 on October 17 · ROI not modeled—stamped finished-area and survey reconciliation, permit validity, remaining pool/garage/site/utility costs and defensible recent like-kind completed-home sold comps are required

Advertised RTI permits · approximately 9,300 sq ft gated contemporary residence with detached ADU, 3-car garage, pool and expansive flat pad · approximately 0.97-acre / 42,253 sq ft lot · $376/reported planned program sq ft · asking price reduced $1,500,000 from February 2025 · ROI not modeled—approved finished-area and accessory-area breakout, permit validity, complete hillside/site/amenity costs and defensible recent like-kind 8,000–10,000 sq ft new-construction sold comps are required

Fully approved, permit-ready plans · approximately 3,328 sq ft two-story beachfront residence, 4 bedrooms / 4 bathrooms plus office or optional fifth bedroom, 2-car garage and optional rooftop deck · existing approved seawall · approximately 4,500 sq ft advertised lot / 4,534 sq ft portal lot record · 57 feet of ocean frontage · $962/reported planned residential sq ft · asking price reduced $600,000 from April 2026 · ROI not modeled—stamped area and survey reconciliation, permit and fee status, complete seawall/coastal/septic/site scope and defensible like-kind recently sold beachfront new-construction comps are required

RTI / permit-ready beachfront fire rebuild · fully approved plans and permits in hand · approximately 3,500 sq ft modern residence, 3 bedrooms / 3 bathrooms · approximately 6,499 sq ft flat lot · $1,943/reported planned residential sq ft · asking price reduced $1,000,000 from February 2026 · ROI not modeled—stamped finished-area schedule, permit validity, complete coastal/septic/site scope and defensible like-kind recently sold beachfront new-construction comps are required

City- and HOA-approved plans advertised for a new single-level residence by Brandon Architects · listing says the property can be delivered permit-ready; current permit issuance was not independently verified · 11,900 sq ft flat lot · existing 2,808 sq ft, 4-bedroom / 3-bath home · current ask is $504,000 below the July 2025 $8,499,000 listing · ROI not modeled—approved new-home finished area, permit/fee status, full construction scope and defensible like-kind completed-home sold comps are not public

RTI-approved 135-unit multifamily development including leasing office · vacant 25,218 sq ft / 0.58-acre lot beside the Metro A Line Florence Station · no minimum parking requirement advertised · actual asking price and approved gross building area are not public · not comparable—income-property underwriting required

RTI permits delivered and fully paid advertised · 46-unit ED1 100% affordable program with approved covenant: 36 one-bedroom, 8 studio and 2 two-bedroom units · 20,510 sq ft gross / 15,703 sq ft rentable building on a 9,024 sq ft R3 lot · delivered vacant with no parking required · $41,196/advertised unit · $92/approved gross sq ft · not comparable—income-property underwriting required

Approved plans / permits ready to issue advertised · approximately 3,400 sq ft two-story residence with 5 bedrooms, 5.5 bathrooms, attached 2-car garage, pool and spa · flat usable 5,204 sq ft lot · $574/reported planned finished sq ft · selected sold comps support more than $700/sq ft; conservative completed value $2.390M at $703/sq ft · $4.151M total all-in cost · −$1.761M projected net profit · −42.4% return on cost · model includes $1.95M acquisition, $39K closing, $1.36M hard cost, $163K remaining soft costs, $136K contingency, $316K carry, $44K tax/insurance and $143K disposition

Advertised fully approved / permit-ready 86-unit affordable housing program to be delivered RTI at close of escrow · 49,972 sq ft gross four-story Type V-A building: 21 studios, 50 one-bedroom, 12 two-bedroom and 3 three-bedroom units · 45,755 sq ft / 1.05-acre lot with 57 parking spaces and a recorded 55-year affordability covenant · 85 income-restricted units plus 1 manager unit · $40,698/approved unit · $70/approved gross sq ft · $76.49/land sq ft · not comparable—income-property underwriting required; missing verified affordable rent schedule, complete construction budget, operating expenses, financing terms and stabilized exit capitalization evidence