All materials and information received or derived from KW COMMERCIAL its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack of TONY LUNETTA compliance with applicable governmental requirements, developability or suitability, financial 626.840.1175 performance of the property, projected financial performance of the property for any party’s intended [email protected] use or any and all other matters. DRE: 01375955 Neither KW COMMERCIAL its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such party. KW COMMERCIAL will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.

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Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. KW COMMERCIAL makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. KW COMMERCIAL does not serve as a financial advisor to any party regarding any proposed transaction.

All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions, vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should BROKER OF RECORD be discussed by the party with appropriate engineers, architects, contractors, other consultants and 251 S. , Suite 320 governmental agencies. All properties and services are marketed by KW COMMERCIAL in Pasadena, CA 91101 compliance with all applicable fair housing and equal opportunity laws. DRE: 01444805 3 OFFERING PRICE $2,680,000

ADDRESS 1202 E. GREEN STREET

CITY PASADENA, CA 91106

APN 5735-009-019

STORIES 2

BUILDING SF Approx. 4,061 SF

FIRST FLOOR Approx. 2,300 SF 1202 E. Green St. was built in the mid-1920’s as the “The Green Tile Co." Its tile is original and includes SECOND FLOOR Approx. 1,750 SF the tile on the facade of the building, the floor in the LOT SF 10,764 SF front part of the first level, the fantastic Malibu style Tile on the stairs to the second floor and the original YEAR BUILT 1924 Batchelder tile fireplace on the second floor. PARKING 17 Spaces

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6 7 8 9 10 Anthropologie Crate & Barrel Apple Store All India Café Athleta Bar Celona Mi Piace Blind Donkey

92 WALKER’S PARADISE Daily errands do not require a car.

11 12 With the recent growth of the engineering, technology and healthcare sectors, Pasadena has seen an urban renaissance drawing a younger, more dynamic population to its core with the greatest concentration of residents between the ages of 25 to 34 years old. Renowned institutions such as Caltech and JPL, convenient access to the expanded Gold Line Rail System, Old Town Pasadena, South Lake Avenue restaurants and amenities add to Pasadena’s attraction to regional tenants and investors.

13 Economy # PASADENA TOP EMPLOYERS # EMPLOYEES Pasadena has a population of nearly 140,000 people and benefits from a unique combination of sophisticated charm, culture, and historical ambiance. Pasadena’s pro-business tax benefits, no 1 Jet Propulsion Laboratory 5,029 city business taxes, parking taxes or utility taxes, coupled with its central location and excellent freeway and public transportation access offers local businesses the ability to draw from an 2 4,760 enormous and diverse labor base while providing local residents easy access to amenities in Downtown Los Angeles and the surrounding markets. Initially one of Los Angeles’ first suburbs,

Pasadena has become a thriving 24/7 urban center where residents can live, work and play in one 3 Institute of Technology 3,900 of the most dynamic markets in Southern California. Since 2010 Pasadena has made significant employment gains, primarily in the medical engineering, technology and financial fields. 4 3,200

Excellent Business Environment Located in the foothills of the picturesque San Gabriel Mountains, Pasadena has a population of 5 Pasadena Unified School District 3,000 nearly 140,000 people and benefits from a unique combination of sophisticated charm, culture, and historical ambiance. Pasadena’s pro-business tax benefits, no city business taxes, parking 6 AT&T 2,525 taxes or utility taxes, coupled with its central location and excellent freeway and public transportation access offers local businesses the ability to draw from an enormous and diverse labor base while providing local residents easy access to amenities in Downtown Los Angeles and 7 City of Pasadena 2,179 the surrounding markets. Initially one of Los Angeles’ first suburbs, Pasadena has become a thriving 24/7 urban center where residents can live, work and play in one of the most dynamic markets in Southern California. 8 Pasadena City College 1,500

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Pasadena is rich with amenities of local, 1. Armory Center for the Arts 10. City Hall national, and international stature. From the 2. Art Center College of Design 11. Kidspace Children's Museum Pasadena Museum of California Art to the Norton Simon, to educational institutions 3. Art Walking Tours around Pasadena 12. such as Caltech and Art Center College of 4. 13. Design, doing business in the City of 5. California Institute of Technology 14. Pacific Asia Museum Pasadena is rewarding on many levels of commercial traffic in the City. Pasadena is 6. Carnegie Observatories 15. Pasadena Museum of History home to more restaurants per capita than 7. El Molino Viejo (The Old Mill) 16. Pasadena Museum of California Art New York City, as reported by the Los 8. Fuller Theological Seminary 17. Angeles Times (12/16/12), offering cuisine options from around the world. 9. Gamble House 18. The Huntington Library

16 Theory Photography, nonprofit Center Located ART Romance, and its unshared won Caltech emphasis university The THE institutions specialized and Pacific students), the Pasadena PASADENA Los television emerging California California CALIFORNIA CENTER a . Oaks College Angeles total is The in prizes) four in has and frequently on Fuller will occupations the EDUCATION college College Pasadena of . COLLEGE - Product science economic a The year The Institute continue of Institute San 34 area multifaceted and Theological Design INSTITUTE West Athenaeum Nobel college, was Rafael cited ( location, 71 482 located and Design, of and OF founded to Wing have of SNAPSHOT trends is as students) Technology, Prizes elevate Hills DESIGN engineering, a Technology business Art one inventory OF Seminary . leader won on the dining to Transportation Center and TECHNOLOGY in of a (Linus grounds Pasadena’s produce the 124 1930 the and in overlooking ventures club United exploring of or ( acre world’s offers 4 other ( and managing Pauling , 2 world 052 Caltech, appears , of a 255 campus rich States has advantage . the private degrees students), Design, A best class students), the healthy an the source Institute being in was National $ . universities digital enrollment 332 Caltech the schools Rose educational in Fine founded over the economic of Beverly Pasadena million Advertising, are and Bowl, Art skilled Medal only . other Art, has often Each . new of Center 33 in Hills six Design, the and 1 in individual cities labor - of environment , City Caltech 1891 institution 200 media host academic 2011 Science internationally Cop research Graphic College full College in capable to and New frontier series, the - in alumni short time in or complements is sponsored region divisions institutions Design, history Media that Technology of ( of students a 29 . scenes The An and private pursuing , Design recognized supports 536 . independent, X and faculty - to with Illustration, Files, . in students), research research win such movies current . Critical ( strong highly Given 2 these have True , 042 two Art as .

PASADENA CITY COLLEGE ART CENTER COLLEGE OF DESIGN CAL TECH 17

Residential-Retail Development Could Replace Pasadena Design Commission Approves New Look for Construction Begins for Pasadena's 100 West Walnut Commercial Buildings in Pasadena 3200 Foothill Development Development

At its meeting today, the Pasadena Design Commission High Street Residential, a subsidiary of Trammell Crow On the heels of Parson Corporation's announcement of is scheduled to take its first look at a proposed mixed- Company, has received final approvals from the the relocation of its corporate headquarters to use development at 540 S. Lake Avenue. Pasadena Design Commission for the construction of a Washington, D.C., construction is beginning for a mixed-use development near the Gold Line's Sierra mixed-use complex on the Pasadena property that the The project, which would replace a cluster of single- Madre Villa Station. engineering firm currently calls home. The 100 West story commercial buildings, calls for the construction Walnut development, which is being developed by LPC of a five-story edifice featuring 62 residential units and The 3200 Foothill Boulevard project, would replace an West and AMLI Residential, will replace 6.4 acres of 9,885 square feet of ground-floor retail space. 8.32-acre self-storage facility, calls for the construction surface parking with multiple five-story structures of multiple buildings featuring 550 studio, one-, two-, featuring 400 apartments, 210,000 square feet of office The proposed development, designed by LRCA, is and three-bedroom apartments, 9,800 square feet of space, and 17,500 square feet of shops and restaurants described as featuring different styles on its three street ground-floor retail, and parking for up to 839 vehicles. atop three levels of subterranean parking. frontages, including South Lake Avenue, Granite Drive, and California Boulevard. The design is described in a Steinberg Hart is designing the project, which will Architecture firms SOM and Harley Ellis Devereaux are staff report as being contemporary in style, with stucco feature eight separate buildings standing four and five designing the development, which will include a cladding with accent materials and projecting metal stories in height. The site design is modeled on a number of paseos and shaded arcades cutting across canopies. village concept, with buildings oriented around activity the property, breaking up its unwieldy footprint. nodes and connected by pathways. Live/work units The review this week is the first of several hearings for and the retail space are concentrated on the northern The project is described as a "mixed-use urban the project, including follow-up presentations to the property line, facing Foothill Boulevard, while village," similar in scale and character to neighboring Design Commission. residential uses face the paseos and courtyards on the Old Town Pasadena and other nearby developments, property's interior - which are designed by landscape including new apartments and hotels along Walnut The project applicant is listed as Dongdu International, architecture firm RELM. Avenue. a Shanghai-based real estate development firm.

19 35-Unit Development to Break Ground in Pasadena Alexandria Real Estate Equities' Pasadena Headquarters Mini Mixed-Use Development Proposed in Pasadena Close to Topping Out Los Angeles-based real estate investor Panoptic This week, the Pasadena Design Commission is Development has acquired an entitled property in The concrete frame for the new Alexandria Real Estate scheduled to consider plans to redevelop a liquor store Pasadena, and intends to break ground on a new headquarters, which broke ground in late 2017, is and an auto repair shop with a mixed-use apartment apartment complex in the first quarter of 2019. close to topping out in Pasadena. building. The proposed development, slated for a property at 1435 Lincoln Avenue, calls for the The proposed development, which would rise at 417- The five-story building, located at 380 E. Union Street, construction of a three-story edifice containing eight 419 N. Madison Avenue, is known as the Madison will hold 82,000 square feet of office space atop four residential units above approximately 3,582 square feet Grove Apartments. Plans call for a 42,000-square-foot levels of a subterranean parking garage. of ground-floor retail space and 33 basement parking building featuring 35 residential units, all of which stalls. would feature two-bedroom floor plans between 1,000 Gensler is designing the contemporary low-rise and 1,777 square feet in size. structure, which features varying setbacks and offset A staff report to the Design Commission describes the massing. Rios Clementi Hale Studios is serving as the project as featuring a contemporary design, with flat The project, which is inspired by surrounding Mission landscape architect. roofs, articulated massing, and an exterior of metal Revival architecture and bungalow courts, was panels. Though the surroundings of 1435 Lincoln is designed by Onyx Architects. Renderings depict a A rendering depicts a building that has been described currently a mix of light industrial uses and single-family three-story edifice featuring a central 5,244-square-foot as "hyper-contemporary." dwellings, the staff report anticipates that the proposed garden area. development may be indicative of future growth in the ARE is a real estate investment trust focused on life area. The building will be seated atop a one-level science and technology campuses, with locations subterranean parking structure with 65 vehicle stalls. throughout the nation's East and West Coasts. Pasadena Now reported in 2017 that 1435 Lincoln is Panoptic will develop the Madison Grove Apartments in being built by Torrance-based FM Marketing & partnership with IMG Construction. Properties, LLC, and designed by Intwala Design Studio.

20 MEDIAN HH INCOME WORKFORCE EDUCATION $76,264 73,783 Total Employees Bachelor’s 51.8%

PROPERTY VALUE MEDIAN AGE POPULATION $689,700 37.5 141,231

COMMUTE TIME TOP OCCUPATION MAJOR EMPLOYER 25 Minutes Management Jet Propulsion Lab

21 TONY LUNETTA 626.840.1175 [email protected] DRE: 01375955