1487 – 1491 E Colorado Blvd., Pasadena CA 91106

Exclusively Listed by Fairmate Inc.

Investment Summary

This property is strategically located on the corner of Colorado Blvd and Harkness Ave. Directly across from Pasadena City College and on the path of annual Rose Parade. Two blocks from California Institute of Technology Campus. Driving distance to Art Institute of Pasadena and Norton Simon Museum.

This property consists of 3 retail units on the first floor, five offices/retail space on second floor. Assigned parking for each tenant on Harkness Avenue directly behind the building. There had been a lot of upgrades done: in 2016 roof was reserved, 2017 exterior was newly painted, whole building was re-pipped with copper plumbing throughout.

Earthquake retrofit completed around 2000. US $3,180,000

Patsy Chan Fairmate Inc. Cell: 626-673-5344

BRE Broker License #01126323

Ricky Cheung RPM Fairmate Cell: 626-688-8014 Sales Advisor BRE License #02133580

The information contained herein was obtained from third parties and or public record. Information has not be verified by Agent/Broker. Buyer to verify all information and consult with a real estate attorney and tax consultant prior to purchase real estate. All information is subject to change without notice.

1487 – 1491 E Colorado Blvd., Pasadena CA 91106

Confidentiality Agreement conditions, competition and other factors which are subject to uncertainty and may not represent the current or future Your receipt of this Memorandum constitutes your performance of the Property. All references to acreages, acknowledgement that (i) it is a confidential memorandum square footages, and other measurements are approximations. solely for your limited use and benefit in determining whether This Memorandum describes certain documents, including you desire to express further interest in the acquisition of the leases and other materials, in summary form. These Property. (ii) you will hold it in the strictest confidence, (iii) summaries may not be complete nor accurate descriptions of you will not disclose it or its contents to any third party the full agreements referenced. Additional information and without the prior written authorization of the owner of the any opportunity to inspect the Property may be made Property (“owner”) or Fairmate, Inc. and (iv) you will not use available to qualified prospective purchasers. You are advised any part of this memorandum in any manner detrimental to to independently verify the accuracy and completeness of all the Owner or Fairmate, Inc. If after reviewing this summaries and information contained herein, to consult with Memorandum, you have no further interest in purchasing the independent legal and financial advisors, and carefully Property, kindly return it to Fairmate, Inc. investigate the economics of this transaction and Property’s suitability for your needs. ANY RELIANCE ON THE CONTENT OF Disclaimer THIS MEMORANDUM IS SOLELY AT YOUR OWN RISK.

This Memorandum contains select information pertaining to The owner expressly reserves the right, at its sole discretion, the Property and the Owner, and does not purport to be all- to reject any or all expressions of interest or offers to inclusive or contain all or part of the information which purchase the Property, and/or to terminate discussions at any prospective investors may require to evaluation a purchase of time without notice to you. All offers, counteroffers, and the Property. The information contained in this Memorandum negotiations shall be non-binding and neither Fairmate, Inc. has been obtained from sources believed to be reliable, but nor the Owner shall have any legal commitment or obligation has not been verified for accuracy, completeness, or fitness except as set forth in a fully executed, definitive purchase and for any particular purpose. All information is presented “as is” sale agreement delivered by the Owner. without representation or warranty of any kind. Such information includes estimates based on forward-looking assumptions relating to the general economic, market

1487 – 1491 E Colorado Blvd., Pasadena CA 91106

Unite: 9

Current income: $145,050 / Year

Year Built: 1922

Building size:6,624 SF

Lot Size: 7,201 SF

APN: 5737-004-002; 5737-004-001

Parking Space: 12 plus two garages

Front Lot: 4501 SF

Rear Lot: 2700 SF

Meter for Utilities:

Water Meter 1

Electric Meter 9

Gas Meter 4

1487 – 1491 E Colorado Blvd., Pasadena CA 91106

City of Pasadena in California was formed in 1886. City is well known for annual Rose Parade, annual Rose Bowl collage American football Game. Old town district is decorated with many Victorian and art deco buildings. Pasadena is also home of Norton Simon Museum when many notable European and Asian art are housed. Pasadena also spent great efforts to develop and maintain Pasadena City College (founded in 1924), Caltech (founded 1891), Art Center College of Design (founded 1930), LA College of Music (Founded 1996). For additional information regarding City of Pasadena please visit https://ww5.cityofPasadena.net/main

1487 – 1491 E Colorado Blvd., Pasadena CA 91106

Description of Subject property service the many students that attend the college and the residents. The building is a short distance This property is an Office/Retail Mixed Use building from the 210 Fwy and other shopping and retail directly across from Pasadena City College. This centers. Nearby the bus stop and short distance to property consists of 3 retail units on the 1st Floor Metro Station and near Caltech. and 6 Office Units in the 2nd Floor. There is 12+ onsite reserved parking spaces for tenants. The 2 Please contact us for special showings garages are part of the tenant parking. Patsy Cha Broker Cell: 626-673-5344 2 parcels are included in the sales of the property. Ricky Cheung Agent Cell: 626-688-8014 Separate tenant electric meters and gas meters for commercial tenants. Building was painted 2017and re-pipped with new copper plumbing. Re-conditioned roof in 2016. Upstairs office is accessible from 2 staircases from Colorado Blvd and Harkness Avenue all connected by one hallway to all the office units on second floor. Property is located on the corner of Colorado Blvd and Harkness directly across from PCC and on the path for Rose Parade. Colorado Blvd has various National and Regional food tenants to

1487 – 1491 E Colorado Blvd., Pasadena CA 91106

HIGHLIGHTS that supports these institutions will continue to elevate Pasadena’s advantage over the  Signalized Corner Lot other cities in the region.  On-Site assigned Parking for Tenant  Recent plumbing Upgrades to the building  Old Town Pasadena is minutes away  Rose Bowl famous stadiums in America  California Institute of Technology managing $300+ million in sponsored research.  Pasadena has a variety of world class educational and research institutions  Art Center College of Design  Fuller Theological Seminary  Los Angeles College of Music  Pacific Oaks College

 Each institution complements current and

emerging economic trends to produce a rich

sources of skilled labor capable of pursuing

highly specialized occupations and business ventures. A healthy economic environment

1487 – 1491 E Colorado Blvd., Pasadena CA 91106

YEAR 2020 YEAR 2021 Tenant A Base Rent $3,288.79 Lease end 1/31/2024 CAM $584.25 Rent/other income $ 114,918.30 $ 156,843.48 Tenant B Base Rent $3,656.50 Lease end 4/30/2029 CAM $ 14,256.09 $ 16,254.12

Total income $ 129,174.39 $ 173,097.60 Tenant C Base Rent $2,100.00 Lease end 2/28/2022 CAM $300

Water $ 1,024.23 $ 1,024.23 Tenant 2 Base Rent $650.00 Month to month CAM $100.00 Trash $ 2,147.99 $ 2,147.99 Tenant 3 Base Rent $625.00 Month to month Electricity $ 2,171.53 $ 2,171.53 CAM $320.26

Landscape $ 1,800.00 $ 1,800.00 Tenant 4 Vacant

Market rent $800.00 Pest control $ 900.00 $ 900.00 Tenant 5 Base Rent $800.00 Lease end 4/30/2021

Cleaning service $ 4,500.00 $ 4,500.00 CAM $50.00

Maintenance Repair $ 450.80 $ 450.80 Tenant 6 Base Rent Lease end $500.00 5/31/2022 Insurance $ 4,965.00 $ 4,965.00 Tenant 7 Base Rent Month to Month License/Permits/Admin $ 6310.40 $ 310.40 $600.00

property tax $ 10,181.04 $ 31,800.00 Monthly total Base Rent $13,020.29 Total Expense $ 34,450.99 $ 50,069.95 CAM $1,354.51 Estimated Gross income $ 94,723.40 $ 123,027.65

1487 – 1491 E Colorado Blvd., Pasadena CA 91106

Please follow these links to view:

Full Building exterior/ aerial: https://youtu.be/QtWA__1pKxs

uilding photo: https://ubiquitousphotos.zenfolio.com/p758901408

1487 E Colorado Matterport: 1489 E Colorado Matterport: https://my.matterport.com/show/?m=szyFDAr31Tg https://my.matterport.com/show/?m=Uddc63t2HUS

1487 – 1491 E Colorado Blvd., Pasadena CA 91106

12 Harkness Ave Matterport: https://my.matterport.com/show/?m=qYEbrtPhJ3L 1491 E Colorado Matterport: https://my.matterport.com/show/?m=aLhzLP3qpVN