651 BELLEFONTAINE ST. PASADENA, CA

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1 651 BELLEFONTAINE ST. PASADENA, CA An Investment Opportunity Offered by the Landbourn Company At $2,295,000 Chris Arthur C: Off: DRE License:

2 TABLE OF CONTENTS Property Data The Opportunity The Property Overview Site Map Aerial Map Regional Map Community Neighborhood Market Demographics Comparable Sales Contact Info This information has been secured from sources we believe to be reliable, but we make no representations or warranties expressed or implied as to the accuracy of the information. References to age Ft 2 are approximate. Buyer must verify the information and bear all risk for any inaccuracy.

3 PROPERTY DATA Sales Price: $2,295,000 Assessor s ID No: Lot 1 Size: 31,958 Ft 2 (.733 AC) Topography: Level Zoning: RS4, Section Best Use: Residential Region/Cluster: 05/05104 Tax Rate Area: Land: $180,524 Improvements: $0 Property Boundary description: TR=3072 LOTS 1,2, S FT of LOT 3 and POR LOT 4

4 THE OPPORTUNITY The property sits on level ground within a beautiful neighborhood surrounded by traditional Pasadena homes. The property is 31,958 sq. ft. (.733 acres). This is one of the two legal lots that was recently subdivided from one legal parcel of acres (57,314 sq. ft.). The other legal parcel created from the subdivision (APN ), which sold in August of 2017, is 25,356 sq. ft. (.58 acres).

5 THE PROPERTY OVERVIEW The site represents an opportunity to develop a custom home on an estate-sized lot in Pasadena's most prestigious neighborhood, South Arroyo. The property, 651 Bellefontaine St., is centrally located within walking distance to all major services and easy access to downtown LA or or Old Town Pasadena.

6 SITE MAP

7 AERIAL MAP Bradford St. Bellefontaine St.

8 REGIONAL MAP

9 COMMUNITY Pasadena is a city located in Los Angeles County. In 2013, the estimated population was 139,731, making Pasadena the 183 rd largest city in the US. The city is well known for the Rose Bowl Football Game and Tournament of the Roses Parade, which occurs every year on January 1 st. The Rose Bowl stadium brings lots of spirit into Pasadena. In addition to the annual Rose Bowl game, the stadium has hosted five Super Bowls and many BCS National Championship games. Other soccer games include the 1985 Summer Olympics and the final game of the 1994 FIFA World Cup.

10 COMMUNITY Key Distances Downtown LA: 9.9 miles Rose Bowl Stadium: 2 miles Arroyo Seco Golf Course: 1.5 miles Huntington Memorial Hospital: 0.9 miles Old Pasadena Shopping Center: 1.9 miles Vons Grocery Store: 0.9 miles

11 NEIGHBORHOOD The property is located in the neighborhood of South Arroyo. South Arroyo is bordered by Holly Street to the north, Columbia Street to the south, San Rafael Avenue to the west, and Orange Grove Boulevard to the east. South Arroyo is served by metro rapid line 780, and metro local lines 180, 181 and 256, as well as Pasadena Arts Route 70. South Arroyo is served by top schools in Los Angeles County, including: San Rafael and Cleveland Elementary Schools, Blair Middle School and High School, and private school, Mayfield Senior High School.

12 NEIGHBORHOOD Lower Arroyo s most notable landmark is the Colorado Street Bridge over the Arroyo Seco. The lower Arroyo Seco Park covers 150 acres with many hiking trails. Other landmarks include: Fly Casting Pond and Clubhouse, Archery Range, and the Arroyo Seco Golf Course. Lower Arroyo s parks and trails add plenty of scenery to the neighborhood.

13 MARKET DEMOGRAPHICS Median home value estimate: $1,060,000 South Arroyo home values have increased 4% over the past year. Very low crime rate compared to Los Angeles county. Median Household income: $119,703 Population Density (sq mi): 3,378

14 COMPARABLE SALES

15 COMPARABLE SALES South Arroyo:

16 COMPARABLE SALES 671 Bellefontaine Street, Pasadena Property sold in August 2017 for $1,750,000 measuring a SF price of $69.02 per SF. Subject Property This 31,958 SF (.733 acre) parcel is directly west of the listed subject parcel.

17 COMPARABLE SALES 3171 E California Boulevard, Pasadena This is a recent sale of a conforming mid block parcel with a foot frontage on California Boulevard and an average depth of feet for a total buildable area of 33,237 Ft 2. The property was sold for land value with new building plans for buyer. Property sold for $2,280,000 measuring a Ft 2 price of $68.60 per Ft 2.

18 COMPARABLE SALES 2160 Oak Knoll Avenue, San Marino This is a mid block 26,786 Ft 2 lot with a 125 foot frontage to Oak Knoll Avenue and extending 214 in depth with a rear property line fronting 129 feet to Courtland Avenue, a one block long residential street. The older (3) bedroom home was cleared, and a new home is currently under construction. The property was sold for $3,100,000 on 11/14/14. As compared to the subject the adjusted comparative value estimated at $69.25 per Ft 2. Nick Arthur C: Off: Narthur@san.rr.com DRE License:

19 COMPARABLE SALES 1100 South Grand Ave, Pasadena, CA This Pasadena estate sits on a 0.87 acres lot listed at $5,200,000 and measuring a square feet price of $940/ ft 2. The home has an expansive single story floor plan, secluded courtyards, fountains, gardens, and fruit trees that all contribute to an atmosphere of a park-like setting.

20 COMPARABLE SALES 300 S Arroyo Blvd, Pasadena, CA This estate sits at the Eastern bank of Arroyo Seco on over one flat acre listed at $3,860,000 and measuring $820/ + Ft 2. The lot size holds 1.02 acres.

21 COMPARABLE SALES 1435 Chamberlain Road, Pasadena A partially improved midblock half acre parcel with a gross buildable area of 21,413 Ft 2. The site is nearly level to street grade and was improved with a 1975 (3) bedroom, (2) bath house listed for $1,450,000 and sold for $1,510,000 at $70.52 per square foot of land.

22 CONTACT INFORMATION Chris Arthur Cell: DRE License Nick Arthur, Sales Agent Office: ext.223 Cell: DRE License