16946 Sierra Highway Canyon Country, CA 91351

The subject property is approximately 47.17+- acres of land located in the City of Santa Clarita, community of Canyon Country off of major thoroughfare Sierra Highway. Ideal for new housing Tract. Property is adjacent to two existing housing Tracts. The site is located directly to the east of the College of the Canyons in between Sand Canyon and Soledad Canyon Roads. The subject property includes easements and rights of way agreements on adjacent property. The easement includes water rights, storm drain and sewer rights, and the right to create a new road. The new road will run east/west, from Sierra Highway towards the subject property. The easement is appurtenant to the subject property and runs with the land and all successor interests.

The current zoning is NU3 (Non-Urban Residential 3), which has a density limit of 0.2 dwelling units per acre, or a maximum of 10. Based on conversations with the City of Santa Clarita s department of Planning and Development, the subject property qualifies to be rezoned to match the zoning of similar nearby sites. The development just to the South of the subject property, which has similar topography, is zoned UR2 (Urban Residential 2), which has density limit of 5 dwelling units per acre or a maximum of 236 units on the site.