County, CA22.86± Acres, Arroyo Grande, San Luis Obispo

Central CoastFarm Land

Exclusively Presented By:Pearson Realty

Price ReducedBank Owned / REO

LOCATION:

DESCRIPTION:

LEGAL & ZONING:

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PRICE & TERMS:

22.86± Acres $400,000

This offering is situated in the desirable Central Coast of California. The property is on thenorth side of Los Berros Road mostly in-between Century Land and Falcon Crest Drive, Arroyo Grande, San Luis ObispoCounty, CA. The land is bisected by Los Berros Creek.

This opportunity was being used to grow a variety of fruits and vegetables to supplement the areasnumerous farmers markets and fruit stands. The farm was planted to six different types of black berries (2 rowsApache, 3 rows experimental variety, 4.5 rows Quintana,11 rows of Triple Crown, 11 rows of Sylvain, and 19 rows ofOllaiberry) grown on metal trellis with wood posts, spacing is 4X9. Part of the property was planted to apricots (5rows, spacing is 12X12), and plums (2 rows, 1 row is root stock, spacing is 12X12). During the 2010 year the prior ownersstopped farming the apricots and plums. In 2012 the prior owners stopped farming the blackberries. Prospective buyers wilmake their own determination as to the usability of these plantings and/or irrigation systems. Prior to 2010 the remainingfarmland had been planted to various fruits and vegetables. This unique investment opportunity offers income, prime centralcoast farmland, well water, and is located in the sphere of influence of Arroyo Grande.

The offering is designated as RS (Residential Suburban - 1 Acre Lot Minimum) by the County of SanLuis Obispo. The property is within the Sphere of Influence of Arroyo Grande. APN 075-393-001. The prior owner reportsthey were in the process of subdividing a lot on the north side of Century Lane. Prospective buyers can determine thefeasibility of completing this lot.

3.1±% (185) Oceano sand, 9 to 30% slopes, CA Revised Storie Index rating. Grade 3-Fair7.1±% (170) Marimel silty clay loam, drained, . Grade 1-Excellent.8.6±% (223) Xerorthents, escarpment, not rated81.3±% (192) Psamments and Fluvents, occasionally flooded, , Grade 3-Fair

$400,000 cash at close of escrow. This is a Bank Owned REO property, all offers will be considered.

CA Revised Storie Index rating

CA Revised Storie Index rating

The farm is irrigated with well water supplied by a 20 HP submersible pump. The last pump test dated 5-27-10indicated 360 GPM. Pump test and water quality results are on file with listing agent.. Additionally there are 5 other wells onthe property; the listing office does not have any information on these wells. Irrigation water was distributed by a series ofunderground mainlines, laterals with filtration. Risers brought the water to the surface where it was discharged into hosesequipped with drip emitters. There are several water well agreements easements referenced in the title report on file with thelisting agent. These agreements among other things limit the quantity of water available to the property.

According to FEMA Flood Insurance Rate Map #06079C1602F, issued on September 30, 2005 theproperty lies in a 100-hundred year flood zone. Los Berros Creek bisects the land.

WATER:

FLOOD HAZZARD:

Bank Owned REO

CENTRAL COAST FARM LAND

SOIL MAP

A MAPPN

CENTRAL COAST FARM LAND

192

223185

170

CA Revised Storie Index

Century Ln

Mesa Dr

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Los Berros Creek

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Map unit symbol Map unit name Rating185170223192

Oceano sand Grade 3 - FairMarimel silty clay Grade 1 - ExcellentXerorthents, escarpment not ratedPsamments and Fluvents Grade 3 - Fair

loam

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REGIONAL LOCATION MAP

FRESNO OFFICE7480 N. Palm Ave,Suite 101Fresno, CA 93711559.432.6200

3447 South Demaree119

We believe the information contained herein to be correct. It is obtained fromsources which we regard as reliable, but we assume no liability for errors or omissions.Policy on Cooperation: All real estate licensees are invited to offer this property toprospective buyers. Do not offer to other agents without prior approval.

SUBJECT