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SEALED BID SALE | BIDS TO BE DELIVERED TO: The Regents of the University of California Real Estate Services & Strategies 1111 Franklin St, 7th Floor Oakland, CA 94607-5200 ATTENTION: JULIE WONG NO LATER THAN 5PM PST ON APRIL 15, 2026 Perched high above the Pacific with panoramic views suspended between sea and sky, the former home of Theodor Seuss Geisel—known globally as Dr. Seuss, the most famous children’s author in the world—comes to market as one of La Jolla’s most storied residential offerings. Today, the property is widely regarded as one of the best view lots in all of Southern California, celebrated for its extraordinary elevation and sweeping coastal vistas. Originally designed in 1950 by master architect Thomas L. Shepherd, the estate was thoughtfully built around a pre-existing Spanish Revival observation tower dating back to 1923–1924, created to showcase the site’s remarkable outlook. From this hillside retreat, Geisel wrote 42 of his 68 published works, with the tower and adjoining office and study standing as enduring symbols of the property’s creative legacy. Both the observation tower and the office/study have been formally recognized for designation under the City of San Diego’s Historical Resource Board Criterion B and must remain. Extensively renovated while preserving its historic core, the 5,000+ square-foot estate sits on approximately 1.51 acres and includes a separate pool house, all positioned to capture breathtaking ocean, coastline, and sunset views. Located moments from the La Jolla Country Club, La Jolla Beach & Tennis Club, and the shops and dining of La Jolla Village, this is a truly rare opportunity where history, architecture, and setting converge. IMPORTANT NOTE: For all developers or potential buyers out there who are looking to do a lot split, tear down or complete renovation, the office and observation tower must remain.

Seldom-available 3.54-acre ocean-view property located approximately 2 miles from the famous Moonlight Beach (a short bike ride to the beach!), backing directly to Encinitas Ranch Golf Course. Offered for the first time in 40 years, this rare property combines size, serenity, and paradise-like privacy with mature landscaping on a re-imagined private street of custom homes in one of Encinitas’ most desirable areas. Currently configured as an equestrian haven with seven custom corrals and stalls, an 80×160 riding arena, and a well-equipped barn, plus RV and trailer carport parking. Two separate electronic gate entrances from private roads enhance privacy and security, while the expansive usable grounds offer flexible potential, including an option to make this a multi-family compound. *Bedroom count includes ADU*

We are pleased to present 2700 White Lane, a 149-unit studio apartment community situated at the Highway 99 interchange in Southwest Bakersfield's Wible Orchard neighborhood. Originally constructed in 1965 as a Howard Johnson hotel, the property has been converted to multifamily use under Conditional Use Permit 23-0642, approved by the Bakersfield Planning Commission on February 29, 2024. The asset is being offered as a court-supervised sale through a receivership, presenting a compelling heavy value-add opportunity with a defined scope of remaining work, strong rental comparables, and deep Section 8 demand.The two-story, L-shaped property encompasses approximately 61,500 square feet of building area across 149 studio units averaging approximately 400 square feet each, with kitchenettes in a hotel-conversion format and exterior corridors. The site features a kidney-shaped swimming pool and a large surface parking lot. The property benefits from exceptional freeway visibility, with Highway 99 carrying more than 170,000 vehicles per day, and direct access from White Lane, one of Southwest Bakersfield's primary east-west arterials. Valley Plaza Mall is approximately two miles east and Downtown Bakersfield approximately five miles northeast.The property currently operates at 65.1% occupancy, with 97 units leased and 52 vacant (including 4 on notice and 2 in eviction). Approximately 40% of occupied units (~39 units) are leased to Section 8 voucher holders, and the Bakersfield Housing Authority has approved contract rents at this address ranging from $975 to $1,095 per month. This voucher concentration represents a strategic asset: Section 8 demand in the Southwest Bakersfield submarket is strong, providing a reliable tenant pipeline once the property achieves full CUP compliance and professional stabilization. Market rent support is anchored by Ming Tree Apartments at 5601 Ming Avenue, which achieves $1,075 per month for studios 2.5 miles from the subject on a comparable commercial corridor. This figure represents current achievable market rent, not a projection. Same-ZIP-code comparables in the 93304 area average $1,057 per month unadjusted, while the broader Southwest Bakersfield studio market (93309) averages $1,046 per month adjusted. A stabilized rent assumption of $1,075 per month is conservative relative to these benchmarks and falls $20 below the maximum Section 8-approved contract rent at the property.The single most significant risk mitigant in this transaction is that the remaining scope of work is defined and permitted. Fire sprinklers and alarm systems have been completed in accordance with the CUP, representing substantial life-safety capital already invested. The remaining CUP compliance items include five 8-by-20-foot masonry trash enclosures, six ADA parking stalls and path of travel, Los Carneros and White Lane sidewalk replacement, drive approaches and management signage, parking lot slurry seal and restripe, streetlight installation, landscaping, and perimeter security fence and gates. These items are specified in both the CUP punch list and a Patterson & Sons Construction estimate totaling approximately $745,000 for base construction (plans and permits excluded). Including permits, engineering, security fence, and contingency, buyers should underwrite $1.0M to $1.3M in total construction and soft costs. CUP-mandated impact fees, including a Park Development Fee of $312,155 plus Transportation Impact and Sewer Connection fees, are separate and typically addressed at closing through buyer responsibility, seller credit, or negotiated split.

The offering comprises an exceptional 1.57-acre development site located at 1051–1071 W 190th St, delivering a rare combination of scale, visibility, and strategic positioning within Harbor Gateway South—a submarket experiencing accelerated investment and tenant demand. With direct 405 Freeway frontage, the property commands continuous exposure to high traffic volumes and provides seamless access to the South Bay, Long Beach, and the greater Los Angeles employment centers. This site is surrounded by a robust amenity base featuring national retailers, service conveniences, and destination dining—anchored by nearby Enclave, a dynamic retail hub drawing consistent customer traffic. The area’s strong fundamentals, combined with steady population and job growth, continue to elevate the submarket’s appeal for residential development. A proposed zoning change currently underway would unlock the ability to develop a large multifamily community, making this a standout opportunity for developers seeking a marquee project with meaningful unit count potential. The parcel’s size, infill nature, and proximity to transportation corridors reinforce its competitive advantage in a region where development-ready land is increasingly scarce. With its compelling combination of visibility, accessibility, consumer demand, and zoning upside, this asset offers investors a best-in-class opportunity to capitalize on one of the South Bay's most strategically positioned development sites.

The offering comprises an exceptional 1.57-acre development site located at 1051–1071 W 190th St, delivering a rare combination of scale, visibility, and strategic positioning within Harbor Gateway South—a submarket experiencing accelerated investment and tenant demand. With direct 405 Freeway frontage, the property commands continuous exposure to high traffic volumes and provides seamless access to the South Bay, Long Beach, and the greater Los Angeles employment centers. This site is surrounded by a robust amenity base featuring national retailers, service conveniences, and destination dining—anchored by nearby Enclave, a dynamic retail hub drawing consistent customer traffic. The area’s strong fundamentals, combined with steady population and job growth, continue to elevate the submarket’s appeal for residential development. A proposed zone change currently underway would unlock the ability to develop a large multifamily community, making this a standout opportunity for developers seeking a marquee project with meaningful unit count potential. The parcel’s size, infill nature, and proximity to transportation corridors reinforce its competitive advantage in a region where development-ready land is increasingly scarce. The property is located in an Opportunity Zone offering long-term tax benefits for a new development. With its compelling combination of visibility, accessibility, consumer demand, opportunity zone location and zoning upside, this asset offers investors a best-in-class opportunity to capitalize on one of the South Bay's most strategically positioned development sites.

The offering comprises an exceptional 1.57-acre development site located at 1051–1071 W 190th St, delivering a rare combination of scale, visibility, and strategic positioning within Harbor Gateway South—a submarket experiencing accelerated investment and tenant demand. With direct 405 Freeway frontage, the property commands continuous exposure to high traffic volumes and provides seamless access to the South Bay, Long Beach, and the greater Los Angeles employment centers. This site is surrounded by a robust amenity base featuring national retailers, service conveniences, and destination dining—anchored by nearby Enclave, a dynamic retail hub drawing consistent customer traffic. The area’s strong fundamentals, combined with steady population and job growth, continue to elevate the submarket’s appeal for residential development. A proposed zone change currently underway would unlock the ability to develop a large multifamily community, making this a standout opportunity for developers seeking a marquee project with meaningful unit count potential. The parcel’s size, infill nature, and proximity to transportation corridors reinforce its competitive advantage in a region where development-ready land is increasingly scarce. The property is located in an Opportunity Zone offering long-term tax benefits for a new development. With its compelling combination of visibility, accessibility, consumer demand, opportunity zone location and zoning upside, this asset offers investors a best-in-class opportunity to capitalize on one of the South Bay's most strategically positioned development sites.

Presenting The Richmond! Newly built 19-units (2025) in the heart of Hillcrest, featuring studios, 1BRs, and 2BRs averaging 597 SF, most with balconies. A recent rent comps survey indicates current rents are 20% below market, presenting an investor with the opportunity to unlock hidden value and achieve higher returns with minimal capital investment. However to give the new investor confidence in the rental upside and ample time to get there, the OWNER WILL GUARANTEE RENTS at a 4% cap rate through 2026! The property is also exempt from AB 1482 rent caps through at least 2040, providing flexibility to capture market rent growth. Units include in-unit W/D, premium cabinetry, quartz counters, stainless steel appliances, triple-pane windows, and dishwashers in all but three units. Central HVAC ensures year-round comfort. Community features: secured subterranean parking (6 standard + 1 ADA), roof-mounted 17.3 kW solar. Built with wood-frame over podium construction, the property enjoys unmatched proximity to Balboa Park, UCSD Medical Center, Scripps Mercy, Downtown, and the airport. With strong demographics, high renter demand, and limited supply, The Richmond is a rare best-in-class asset in a prime San Diego location.

Prime San Gabriel 20-Unit Townhouse-Style Multifamily Bordering Arcadia Welcome to 9160 Huntington Drive, San Gabriel, CA 91775, an exceptional opportunity to acquire a rare 20-unit townhouse-style multifamily asset in a highly desirable San Gabriel Valley location, just minutes from Arcadia. This impressive property offers a total of 29,880 sq ft and features twenty spacious two-story units, each approximately 1,500 sq ft with an ideal floorplan of 3 bedrooms and 2.5 bathrooms. Every unit includes its own private attached 2-car garage, providing a highly sought-after amenity for tenants and long-term rental stability. Residents enjoy community-style conveniences including a sparkling pool and BBQ area, perfect for relaxing and entertaining. With large interiors, townhouse-style privacy, and an unbeatable location near shopping, dining, and major commuter routes, this property presents a standout investment opportunity in one of the most in-demand rental markets in Los Angeles County.

Prime San Gabriel 20-Unit Townhouse-Style Multifamily Bordering Arcadia Welcome to 9160 Huntington Drive, San Gabriel, CA 91775, an exceptional opportunity to acquire a rare 20-unit townhouse-style multifamily asset in a highly desirable San Gabriel Valley location, just minutes from Arcadia. This impressive property offers a total of 29,880 sq ft and features twenty spacious two-story units, each approximately 1,500 sq ft with an ideal floorplan of 3 bedrooms and 2.5 bathrooms. Every unit includes its own private attached 2-car garage, providing a highly sought-after amenity for tenants and long-term rental stability. Residents enjoy community-style conveniences including a sparkling pool and BBQ area, perfect for relaxing and entertaining. With large interiors, townhouse-style privacy, and an unbeatable location near shopping, dining, and major commuter routes, this property presents a standout investment opportunity in one of the most in-demand rental markets in Los Angeles County.