PROPOSED MULTIFAMILY SUBDIVISION COMPOSED OF 258 INDIVIDUAL CONDOMINIUM UNITS. THE COMPLEX IS WELL LOCATED AT SR# 2, KM 19.4, CANDELARIA WARD, TOA BAJA MUNICIPALITY, APPROXIMATELY, LESS THAN TWO MILES SOUTH FROM MAIN ROUTE SR# 22. PROJECT IS BOUNDED ON THE NORTH WEST SECTION BY A TEXACO GAS SERVICE STATION. THIS FACT DOES NOT AFFECT SUBJECT'S MARKETABILITY NOR AFFECTS THE SECURITY OR SAFETY OF OCCUPANTS. PAN-AMERICAN GUN CLUB BOUNDS SUBJECT PROPERTY ON ITS WEST SIDE. SINCE THE APPRAISER IS NOT AN EXPERT IN THIS FIELD, THE LENDER SHOULD REQUIRE A LETTER STATING THE CLUB'S SAFETY. THERE ARE NO APPARENT ADVERSE FACTORS WHICH COULD AFFECT THE SUBJECT'S MARKETABILITY. STABLE PROPERTY VALUES DEMONSTRATE AN AVERAGE MARKET DEMAND FOR THIS AREA. EMPLOYMENT IS MIXED. THE IMPROVEMENTS CONFORM WELL TO THE SURRONDING DEVELOPMENTS. SUBJECT HAS ACCESS TO ALL NECESSARY SUPPORTING FACILITIES. OWNER OCCUPANCY IS PREDOMINANT.

TYPICAL APARTMENT UNITS ARE LOCATED IN SECOND FLOORS. GROUND LEVEL UNITS HAVE PATIOS AT REAR. PENTHOUSES HAVE COVERED AND OPEN TERRACE WITH HALF BATH.

COMMON ELEMENTS AND RECREATIONAL FACILITIES: BASKETBALL COURT, SWIMMING POOLS, GAZEBOS, TENNIS COURT, PLAYGROUNDS, LANDSCAPING, PASSIVE AREAS AND SECURITY GUARD 24 HOURS A DAY.

 OMAR MONTALVO, CRA, MBA