3309 San Rey Lane
Fallbrook, CA 92028

Rancho Viejo – Premier Development Opportunity
Cost-Efficient, and Market-Aligned

Key Investment Highlights
Approvals Secured – Full County scoping letter and Fire District agreements in place  
Phased Development – Reduced upfront costs with optimized two-phase buildout  
$10M+ in Cost Savings – Modular construction, grading optimizations, and road design efficiencies  
Strong Rental Demand – By-right ADUs/J-ADUs in a high-growth Southern California corridor  

Project Advantages

1. Flexible Land Use Designations
- Active Use Open Space: Permits clubhouses, trails, recreation, and water features  
- Passive (Restorative) Use: Allows grading/development with approved landscape restoration—resolving prior ownership’s roadblocks  

2. Accelerated & Deferred Costs
- Emergency Road Approval: Secondary access downgraded from primary road standards, cutting $2M+ in initial costs  
- Phase 2 Deferrals: Fire Dept. approved delaying full emergency road buildout, accelerating Phase 1 (29 lots)  

3. Optimized Site Engineering
- Grading Plan: Reduced import volumes while expanding usable yard space via elevated home pads  
- Modular Construction: Approved for 30% faster vertical build, with modern-rustic designs and covered parking integration  

4. Lower Infrastructure Costs
- Santa Luz-Inspired Roads: Drought-tolerant, fire-resistant landscaping with reduced sidewalk/street expenses  
- Traffic Study vs. Full Road Build: $500K+ savings vs. original secondary access requirements  

5. High-Demand Rental Model
- ADU/J-ADU Inclusion: Projects premium rents using tri-county (Orange/San Diego/Riverside) comps  
- Proven Precedent: Maintenance/design benchmarks from award-winning Santa Luz/Cielo communities  

6. Risk-Mitigated Execution
- Geotech Complete: Keller ground-improvement plan locked  
- Top-Tier Team: Design/engineering leads with regional success track records  

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Why Invest Now?
Approvals in Hand – No entitlement delays  
Cost Certainty – $6M+ savings already engineered into plan  
SoCal Housing Shortfall – ADU-friendly project meets urgent rental demand  
Exit Flexibility – Build-to-sell or hold as cash-flowing rental portfolio  

Attachments: Pro forma, grading/road plans, modular design renderings 

**Next Steps:** Let’s discuss capital structure and pre-sales strategy—this asset won’t last.