6 9SOUTHMARENGOPASADENA, CA NICHOLAS BORRELLI

PRESETED BY:

NICHOLAS BORRELLI626.484.7975 | nborrelli@coldwellbanker.comCalRE# 01481673

4UNIT

9

STATEMENT OF CONFIDENTIALITY & DISCLAIMER

Coldwell Banker Commercial NRT “CBC” has been engaged as the exclusive financial advisor to the Seller in connection with the Seller’s solicitation of offers for the purchase of the property know as 699 S. Marengo located at 699 S. Marengo Avenue, in the City of Pasadena, County of Los Angeles, State of California (the “Property”). The Prospective purchasers are advised that as part of the solicitation process, Seller will be evaluating a number of factors including the current financial qualifications of the prospective purchaser. Seller expressly reserves the right in its sole and absolute discretion to evaluate the terms and conditions of any offer and to reject any offer without providing a reason therefore. Further, Seller reserves the right to terminate the solicitation process at any time prior to final execution of the Purchase Agreement.The information contained in this Offering Memorandum is confidential and furnished solely for the purpose of a review by a prospective purchaser of the Property, and it is not to be used for any other purpose or made available to any other person without the express or written consent of Seller or CBC. The material is based in part upon information supplied by the Seller and in part upon financial information obtained by CBC from sources it deems reasonably reliable. Summaries of any documents are not intended to be comprehensive or all-inclusive, but rather only outline some of the provisions contained therein and qualified in their entirety by the actual document to which they relate. No representation or warranty, expressed or implied, is made by the Seller, CBC, or any of their respective affiliates as to the accuracy or completeness of the information

contained herein. Prospective purchasers should make their own projections and form their own conclusions without reliance upon the material contained herein and conduct their own due diligence, including engineering and environmental inspections to determine the condition of the Property and the existence of any potential hazardous material located at the Property site or used in the construction or maintenance of the building at the Property site.A prospective purchaser’s sole and exclusive rights with respect to this prospective transaction, the Property, or information provided herein or in connection with the sale of the Property shall be limited to those expressly provided in an execute Purchase Agreement and shall be subject to the terms thereof. In no event shall a prospective purchaser have any other claims against the Seller or CBC or any of their affiliates or any of their respective officers, directors, shareholders, owners, employees, or agents for any damages, liability, or causes of action relating to this solicitation process or the marketing sale of the Property.Prospective purchasers are not to construe the contents of the Offering Memorandum or any prior or subsequent communication form CBC or Seller of their affiliates or any of their respective officers, directors, shareholders, owners, employees, or agents as legal, tax, or other advice. Prior to submitting an offer, prospective purchasers should consult with their own legal counsel and personal and tax advisors to determine the consequences of an investment in the Property and arrive at an independent evaluation of such investment.

TABLE OF CONTENTSExecutive SummaryProperty Details Investment Highlights

Area MapPasadenaNeighborhood Surrounding

Proposal Price

ABOUT THE INVESTMENT

AREA OVERVIEW

OFFERING PROCEDURE

699SOUTHMARENGOPASADENA, CA

PROPERTY SUMMARY REPORTOFFERING

PROPERTY SPECIFICATIONSYear Built:Units:NRSF:Floors:Rent Type:Market Segment:Price:

19164Approx. 3,600 SF1MarketAll$2,500,000

6 9SOUTHMARENGOPASADENA, CA

9

Coldwell Banker Commercial NRT is pleased to present this exclusive listing of 4 value added Bungalows. The property is gated and secure, with each Bungalow offering a garage. The property is located in the most desirable part of South West Pasadena, is within 300 feet of the Fillmore Metro Station on South Arroyo and Fillmore. Tenants can take advantage of the proximity to shopping and dining with new restaurants behind the property on South Arroyo parkway. The property is in close proximity to the Art Center and Huntington Hospital. Most of the bungalows have been undated with partial copper plumbing, wood floors, bathrooms, and kitchens. The new investor can take advantage of the unique character and large size bungalows to convert them to 2-3 bedrooms to increase the NOI. This is a unique oppor-tunity to acquire a bungalow court in the City of Pasadena.

EXECUTIVE SUMMARY

6 9SOUTHMARENGOPASADENA, CA

9 NICHOLAS BORRELLI

Year BuiltNumber of UnitsNRSF:

Financing:LTV%:Interest Rate/Loan Constant:Amortization Period:Debt Service:Current Cash on Cash:Pro Forma Cash on Cash:

Price:Per Units:Per SF: Current Cap Rate:Pro Forma Cap Rate:Current GRM:Pro Forma GRM:

19164 UnitsApprox 3,600 SF

$1,500,00060.00%4.00%4.0%30 yrs$60,000-3.63%4.41%

$2,500,000$625,000$694.440.95%4.16%37.2016.80

Property Address 699 S. Marengo, Pasadena

This offering is subject to prior placement, withdrawal, cancellation, or modification without notice. The information contained herein has been carefully compiled from sources we consider reliable, and while not guaranteed as to completeness or accuracy, we believe it to be correct as of this date. The proforma revenues and expenses set forth in this brochure do not constitute a representation, warranty, or guaranty of any of the numbers set forth herein or of any economic value at-tributable to the property or income that may be derived therefrom. Independent estimates of proforma revenues and expenses should be developed before any decision is made on whether to invest in the property.

EXECUTIVE SUMMARYPRICING

FINANCING

MethodSensitivityEntry:Results:Per UnitPer SF:Current Cap Rate: Pro Forma Cap Rate: Current GRM:Pro Forma GRM:

Loan Calc. Method:Entry:Interest Rate: Amortization Period (yrs):Interest Only: Loan Amount Result:Debt Service:Loan Constant:Current Cash on Cash:Pro Forma Cash on Cash

%LTV$0.50000000

4.00%30 yrs

No$1,500,000

$60,0004.00%

-3.63%4.41%

Base Price (Used in Analysis)$2,500,000$2,500,000$625,000$694.44$0.954.16%37.2016.80

6 9SOUTHMARENGOPASADENA, CA

9

RENT ROLL

EXPENSES

UNIT NO. UNIT TYPE CURRENTRENT

SQUARE FEET

NO. OF UNIT PRO FORMARENT

MONTHLY TOTAL

% UPSIDEMONTHLYTOTAL

699701703705

1 Bedroom1 Bedroom1 Bedroom1 Bedroom

$2,100$1,400$2,100$0

900 Sq Ft900 Sq Ft900 Sq Ft900 Sq Ft

$30,000$2,500$5,000$6,000

Property TaxSewer TrashInsurance Gardner

$7,500$625$1,250$1,500

21.00%1.68%3.36%4.03%

$8.33$0.69$1.39$1.67

44.64%3.72%7.44%8.93%

$31,250$2,500$5,000$6,000

$7,813$625$1,250$1,500

$8.68$0.69$1.39$1.67

1 Unit1 Unit1 Unit1 Unit

$3,100$3,100$3,100$3,100

$3,100$3,100$3,100$3,100

38.10%107.14%38.10%0.00%

$2,100$1,400$2,100$0

TOTAL $1,4003,600 SF4 UNITS $3,100 $12,400 121.43%$5,600

Potential Gross RevenueVacancy

Net Effective RentOther Income

PER SF PER SFPER UNITCURRENT PRO FORMA PER UNIT %PGR/EGR%GR/EGR

$16,800$0.00

$16,800$0.00

$18.67$0.00

$18.67$0.00

$67,200$0.00

$67,200$0.00

$148,800$0.00

$148,800$0.00

$37,200$0.00

$37,200$0.00

$41.33$0.00

$41.33$0.00

100.00%0.00%

100.00%0.00%

100.00%0.00%

100.00%0.00%

EFFECTIVE GROSS RENT

TOTAL EXPENSES

NET OPERATING INCOME

CASH FLOW

DEBT SERVICE

$18.67

$12.08

$6.58

($10.08)

$16.67

$16,800

$10,875

$5,925

($9,075)

$15,000

$67,200

$43,500

$23,700

($36,300)

$60,000

$148,800

$44,750

$104,050

$44,050

4.41%

$60,000

$37,200

$11,188

$23,013

$11,013

$15,000

$41.333

$12.43

$28.90

$12.24

$16.67

100.00%

30.07%

69.93%

29.60%

40.32%

100.00%

64.73%

35.27%

(54.02%)

89.29%

-3.63%CASH ON CASH

UNIT ANALYSIS

0%

Single/Studio1 Bedroom2 Bedroom3 Bedroom

CURRETRENT

% UPSIDEUNIT SFNO. OF UNITSUNIT TYPE PRO FORMARENT

MONTHLY TOTAL

MONTHLY TOTAL

0 SF3,600 SF0 SF0 SF

$0$5,600$0$0

0 Units4 Units0 Units0 units

$0$12,400$0$0

$0$12,400$0$0

0.00%216.67%0.00%0.00%

$0$5,600$0$0

TOTAL/AVERAGE

SINGLE/STUDIO

1 BEDROOM2 BEDROOM3 BEDROOM

$1,4003,600 SF4 UNITS $3,100

SINGLE/STUDIO 1 BEDROOM 2 BEDROOM 3 BEDROOM TOTALAVERAGE

$12,400 121.43%$5,600

100%

250.00%200.00%180.00%160.00%140.00%120.00%100.00%80.00%60.00%40.00%20.00%0.00%

CALIFORNIA CALIFORNIA

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AREA MAP

LIST OF TENANTS IN THE AREA

MINI STORAGE

PASADENA, CALIFORNIAPOPULATION

141,231

15.5% 73,783 $689,700

37.9 $76,264MEDIAN AGEN MEDIAN HOUSEHOLD INCOME

POVERTY RATE NUMBERS OF EMPLOYEES MEDIAN PROPERTY VALUE

SOURCE: DATAUSA.IO

PASADENA, CALIFORNIA One of Southern California’s most popular shopping and entertainment destinations, Old Town Pasadena attracts people from far and wide. Old Pasadena today is mostly a bus ness district with some mixed use. It boasts a shopping mall, upscale restaurants, a movie theater, nightclubs, shops, posh outdoor cafes, pubs, and comedy clubs. An active nightlife scene is popular with tourists and locals. During the evening, street per-formers entertain pedestrians with music, magic, and art. Most of the buildings also have offices and apart-ments on the upper floors. Old Pasadena is connected to Downtown Los Angeles via the Metro Gold Line light rail. Pasadena is also home to the well-known Norton Simon Museum. On New Year’s Day, the Tournament of Roses Parade travels through Old Pasadena on Col-orado Boulevard. The spectacle draws an average of 1.5 million spectators each year.

For over 120 years, Huntington Memorial Hospital has been at the center of the San Gabriel Valley commu-nity, committed to providing the highest quality health-care and emergency services to the region. Only six years younger than Pasadena itself, Huntington Hos-pital has grown with the community it serves. Today, Huntington Hospital continues to enhance the services and programs that make them the caregiver of choice for the communities in the San Gabriel Valley. Through depression and boom, war and peace, in good times and in bad, Huntington Hospital has been every step of the way.

One of the most famous stadiums in American sport-ing history, the Rose Bowl is best known as an Amer-ican football venue, specifically as the host of the an-nual Rose Bowl Game for which it is named. Since 1982, the stadium has also served as the home sta-dium of the UCLA Bruins football team. The stadium has also hosed five Super Bowl games, second most of any venue. The Rose Bowl is also a noted soccer venue, hosting the 1994 FIFA World Cup Final, 1999 FIFA Women’s World Cup Final, and the 1984 Olympic Gold Medal Match, as well as numerous CONCACAF and United States Soccer Federation matches.

OLD TOWN PASADENA HUNTINGTON HOSPITAL ROSE BOWL

STRONG AREADEMOGRAPHICS

2019 Total Population:2024 Population:Pop Growth 2019-2024:Average Age

Median Home Value:Median Year Built

2019 Total Households:HH Growth 2019-2024:Median Household Inc: Avg Household Size: 2019 Avg HH Vehicles

24,96425,3081.38%41.00

12,8701.19%$90,0711.901.00

86,4421.10%$75,8702.502.00

207,6550.83%$71,8082.802.00

$823,3791968

$811,2951958

$753,1891957

223,194225,8041.17%39.50

591,549597,0640.93%39.90

RADIUSPOPULATION

HOUSING

POPULATION BY RACE

1 MILE 3 MILE 5 MILE Retail & Wholesale

Financial/Insur/Real Estate

Services

Information

Health Care & Social Assistance

Manufacturing

Construction

Utilities & Waste Mgt

Public Admin & Sales

Agriculture, Mining & Fishing

0 10 20 30 40 50 60

STRONG AREADEMOGRAPHICS

2019 Total Population:2024 Population:Pop Growth 2019-2024:Average Age

Median Home Value:Median Year Built

2019 Total Households:HH Growth 2019-2024:Median Household Inc: Avg Household Size: 2019 Avg HH Vehicles

24,96425,3081.38%41.00

12,8701.19%$90,0711.901.00

86,4421.10%$75,8702.502.00

207,6550.83%$71,8082.802.00

2000 Census

2010Census

2019Estimate

2024Projection

$823,3791968

$811,2951958

$753,1891957

223,194225,8041.17%39.50

591,549597,0640.93%39.90

RADIUSPOPULATION

HOUSING

POPULATION BY RACE

1 MILE 3 MILE 5 MILE 25.5

25.0

24.5

24.0

23.5

23.0

22.5

22.0

21.5

21.0

20.5

NICHOLAS BORRELLI

Demand continues to trend upward in the San Gabriel Valley, as affordability pressures on the Westside and in Central LA push more and more renters to the metro’s peripheral bedroom communities. Market fundamentals have been very strong in recent years, outside of some supply-driven vacancy volatility. Rent growth remains slightly higher than the overall LA average, though rent levels still trail the metro average by around 20%. The relatively low housing costs here are an important demand driver in a Los Angeles, where the residential market is defined by its unaffordability.

Given the size of the submarket and persistent demand for multifamily housing in the region, construction remains relatively limited. The majority of new development here is centered around transit-oriented communities in Monrovia and El Monte, and single family zoning is prevalent in many parts of the submarket. Investors priced out of LA’s premiere submarkets continue to scour the San Gabriel Valley. Average pricing continues to push into uncharted territory, and sales volume in 2018 was near an all-time high.

12 MO. DELIVERED UNITS 12 MO. ABSORPTION UNITS

266 196VACANCY RATE 12 MO RENT GROWTH

3.7% 3.2%

4 & 5 Star3 Star1 & 2 Star

Vacancy Change (YOY)Absorption UnitsDelivered UnitsDemolished UnitsAsking Rent Growth (YOY)Effective Rent Growth (YOY)Sales Volume

3,15614,65143,651

0.1%19626673.2%3.2%$740M

9.0%4.3%3.1%

4.1%97147142.6%2.5%$418.5M

$2,170$1,787$1,415

4.1%1487131.4%1.5%N/A

$2,127$1,768$1,408

5.5%761800627.2%7.1%$834.0M

212(4)

2009 Q22016 Q22015 Q22011 Q22001 Q12001 Q12019 Q2

000

2.6%(775)00-7.6%-7.6%$119.9M

208430

2000 Q42008 Q42014 Q12019 Q12009 Q42009 Q42010 Q1

CURRENT QUARTER

ANNUAL TREND

KEY INDICATORS

SUBMARKET 61,458 193.7% $1,573 0 251$1,587

UNITS

12 MONTHS

VACANCY RATE

HISTORICAVERAGE

ASKING RENT

FORECASTAVERAGE

EFFECTIVERENT

PEAK

ABSORPTIONUNITS

WHEN

DELIVERIES UNITS

TROUGH

UNDERCONSTR. UNITS

WHEN

6 9SOUTHMARENGOPASADENA, CA

9NICHOLAS BORRELLI

OFFERS SHOULD BE ADDRESSED TO:

C. 626.484.7975D. 626.574.2302nborrelli@coldwellbanker.com CalRE# 01481673

Offers should be in the form of a letter of intent (LOI) and at a minimum offers should include the following:

COLDWELL BANKER COMMERCIAL NRTAttn: Nicholas Borrelli15 E. Foothill BoulevardArcadia, CA 91006

1. Price2. Earnest Money Deposit3. Due Diligence Time Period4. Closing Period5. Any other substantial business points the buyer wants the seller

to know6. Final Round Buyer to Consultant7. Source of Funds8. The seller also reserves the unrestricted right to reject an or all

offers.

OFFERING PROCEDURES

NICHOLAS BORRELLI