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464 E. Walnut St. Pasadena, CA

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464 E. Walnut St. Pasadena, CA 464 E. Walnut St. Adaptive Re-Use Opportunity Pasadena, CA Unique Opportunity to Convert Church Into Variety of Uses: Up to 75% Seller Financing • ±75 Residential Units • Restaurant/Bar • Hospitality • Event Space www.464Walnut.com • Creative Office • Fitness DOWNTOWN LOS ANGELES CENTURY CITY OLD TOWN PASADENA PASADENA CIVIC CENTER PASEO COLORADO PASADENA CITY HALL THE WESTIN PASADENA 464 E Walnut St. Pasadena, CA LOS ROBLES AVENUE WALNUT STREET OFFERS DUE: PRICE: $14,250,000 Friday, September 18, 2020 by 5:00pm $158 PSF WALNUT STREET www.464Walnut.com LOS ROBLES AVENUE 2 www.464Walnut.com 3 www.464Walnut.com Sanctuary Space4 www.464Walnut.com 5 DOWNTOWN LOS ANGELES GLENDALE ART CENTER COLLEGE OF DESIGN (SOUTH) ROSE BOWL SOUTH PASADENA NORTON SIMON JET PROPULSION OLD TOWN PASADENA LABORATORY MEMORIAL PARK STATION PASADENA CIVIC CENTER PASEO COLORADO PASADENA CITY HALL THE WESTIN PASADENA METRO GOLD LINE WALNUT STREET LOS ROBLES AVENUE 464 E Walnut St. Pasadena, CA N MADISON AVENUE www.464Walnut.com 6 SAN GABRIEL VALLEY SAN GABRIEL MOUNTAINS NORTH ARCADIA EL MONTE EAST PASADENA LAKE STATION LAKE AVENUE ALLEN STATION N MADISON AVENUE COLORADO BOULEVARD 464 E Walnut St. UNION STREET Pasadena, CA WALNUT STREET WALNUT LOS ROBLES AVENUE THE WESTIN PASADENA METRO GOLD LINE PASADENA CITY HALL www.464Walnut.com 7 464 E Walnut St. Pasadena, CA www.464Walnut.com 8 ExecutiveI Summary PropertyII Description AreaIII Overview RentIV Comparables CONTACTS LAURIE LUSTIG-BOWER KAMRAN PAYDAR Executive Vice President Vice President Lic. 00979360 Lic. 01476551 [email protected] [email protected] 310.550.2556 310.550.2529 www.464Walnut.com I. EXECUTIVE SUMMARY www.464Walnut.com 10 The Opportunity CBRE, Inc., as exclusive agent is pleased to present for sale a 464 E. Walnut Avenue, an exquisite building, is a blank canvass for beautiful, architecturally distinct adaptive reuse investment property adaptive redevelopment possibilities including but not limited to: in the highly desirable community of Pasadena, California. • Multifamily apartment/lofts • Hospitality Located at 464 E. Walnut Avenue, the Property’s rich and storied • Creative office past dates to Pasadena’s early settlement in 1885. Completed in • Restaurant/Bar 1928, for over 100 years until 2018, the building housed the First • Event and reception space (i.e. the sanctuary and chapel) Congregational Church. The Property has a landmark designation • Modern fitness facility by the Pasadena Historic Preservation Commission and may potentially benefit from significant Mills Act financial incentives. • Great Pasadena location • Near Old Town Pasadena The Property is currently being utilized by several organizations • Across the street from The Westin Pasadena Hotel operating under cancelable month-to-month agreements. • Proximate to cultural and civic centers The Property abounds with eye-catching architectural appeal: This offering is a rare adaptive reuse investment opportunity in the • Beautiful exterior elevations and ornate stonework sought-after Pasadena market. Pasadena is one of the most desirable • Stunning interior sanctuary space with flying buttresses and locales on the West Coast of the United States to live, work, and play. stained glass windows The City is world-renowned for its favorable Southern California climate, • Lovely interior hallways with detailed ceilings an abundance of natural beauty, rich architectural heritage and charm, • Soaring open public spaces landmark institutions of higher learning, the iconic Rose Bowl sports and entertainment venue, and the Rose Parade. Additionally, this ±90,000 gross square foot square foot structure features classrooms, kitchens, gymnasium space, and scores of Price: $14,250,000 other rooms. $158 PSF Offers Due: Friday, September 18, 2020 by 5:00pm Seller Financing Available • Up to 75% Loan-to-Value • Up to 20-Month Term • Attractive Interest Rate www.464Walnut.com 11 OPPORTUNITY HIGHLIGHTS An Architectural Gem Beautiful Stonework Stunning Interior Spaces Many Possibilities for Adaptive Reuse Potential for Mills Act Significant Financial Incentives Excellent Location Projected 2024 Average Household Income: $142,827 Close to an Abundance of Pasadena Lifestyle Amenities: Private Schools Cafes and Restaurants Arts and Entertainment Civic Buildings Seller Financing Available Up to 75% Loan-to-Value Up to 20-Month Term Attractive Interest Rate Cancelable Month-to-Month Tenancies Interim Income Allow for Redevelopment Easy Access to Interstate 210 Freeway Proximate to Two Metro Gold Line Train Platforms 12 II. PROPERTY OVERVIEW www.464Walnut.com 13 Property Description Site 464 E. Walnut St. Address Pasadena, CA 91101 ± 48,452 SF Land Area ± 1.11 Acres Assessor Parcel Number 5723-016-033 Zoning CD3 Existing Building Building SF ±90,000 Year Built 1928 On-grade ±52 spaces Parking (Ability to add more) The Property is currently being utilized by several organizations operating Occupancy under cancelable month-to-month agreements www.464Walnut.com 14 Parcel Map 16 Parking Spaces 36 Parking Spaces (Ability to Add More) www.464Walnut.com 15 www.464Walnut.com 16 www.464Walnut.com 17 www.464Walnut.com 18 Includes 36 Parking Spaces (Ability to add more) www.464Walnut.com Includes 16 Parking Spaces 19 www.464Walnut.com Bell Tower 20 www.464Walnut.com 21 www.464Walnut.com 22 www.464Walnut.com 23 www.464Walnut.com 24 Entertainment Room - Third Floor www.464Walnut.com 25 Entertainment Room - Third Floor www.464Walnut.com 26 First Floor www.464Walnut.com 27 Conference Room - First Floor www.464Walnut.com 28 Classroom - First Floor www.464Walnut.com 29 Classroom - First Floor www.464Walnut.com 30 Classroom - Second Floor www.464Walnut.com 31 Classroom - Second Floor www.464Walnut.com 32 Sub Basement www.464Walnut.com 33 First Floor www.464Walnut.com 34 Interior Space - Mezzaine Interior Hallway with Arches - First Floor Interior Space - Third Floor Nursery - Basement www.464Walnut.com 35 First Floor www.464Walnut.com 36 Interior View - Gymnasium Space www.464Walnut.com 37 Interior View - Gymnasium Space www.464Walnut.com 38 These architectural drawings are based upon a concept for 75 units, a restaurant (± 2,895 SF)ABCDEFGHIJ and event space (± 13,109K SF) walnut street (E)TREE turf p14 p15 p16 p1 p8 (E)TREE (E)TREE SITE PLAN | 1 p2 p9 adjecent LIGHTWELL BELOW p3 p10 structure 2 surface p4 p11 site information parking 3 p5 area p12 project address: 464 e walnut st 4 (E) p6 TREE pasadena, ca 91101 p7 p13 parcel number: 5723-016-033 turf zoning: central district plan, cd-3 5 (E) transit oriented development area (E) STREET 6 TREE lot size: 48,452 sf (1.11 acres) TREE building area: 97,413 sf (proposed) 7 parking: 52 spaces (existing) pasadena first congregational church 8 (E) STREET 9 TREE (E) VICINITY MAP TREE 10 turf 11 (E) TREE (E) STREET 12 TREE LIGHTWELL BELOW p17 p29 p41 adjecent p18 p30 p42 structure los robles avenue robles los p19 p31 p43 p20 p32 p44 (E) surface STREET parking 464 E WALNUT ST p21 p33 p45 PASADENA , CA 91101 TREE area VICINITY MAP p22 p34 p46 p23 p35 p47 1/2 MILE RADIUS p24 p36 p48 INDICATES 1/2 MILE RADIUS p25 p37 p49 SITE: (E) p26 p38 p50 464 E WALNUT PASADENA, CA 91101 STREET TREE p27 p39 p51 p28 p40 p52 (E) (E)TREE STREET TREE MARCH 04, 2019 ford place pasadena fcc | concept design 39 These architectural drawings are based upon a concept for 75 units, a restaurant (± 2,895 SF) and event space (± 13,109 SF) WALNUT STREET A B C D E F (E) +/- 173' - 9" G H I J K (E) +/- 22' - 0" (E) +/- 16' - 2" (E) +/- 16' - 2" (E) +/- 16' - 2" (E) +/- 16' - 2" (E) +/- 16' - 2" (E) +/- 16' - 3" (E) +/- 15' - 1" (E) +/- 14' - 10" (E) +/- 24' - 10" SANCTUARY RESIDENTIAL 01 | ENTRY ENTRY 1 UPUP ground floor UP SANCTUARY “social” -2' - 6" (E) +/- 11' - 8" AMENITY 11 total units ENTRY STOR UP • 5 - studio 2 367 SF (N)4% ramp (N)5% ramp dn 4% dn 5% • 3 - loft (E) +/- 9' - 4" 3 • 3 - 1 bed BOH STUDIO 456 SF (E) +/- 13' - 4" 4 (N) TENANT SANCTUARY ELEV 01 01 B2-ROOF ENTRY FOYER SANCTUARY (E) +/- 20' - 7" ± 12,700 SF ± 6,500 SF STUDIO 5 377 SF 16' - 0" 22' - 7" 5' - 6" 3' - 0" 7' - 6" 10' - 8" 5' - 3" 6' - 2" (E) +/- 13' - 4" BOH (E) CORRIDOR 6 STUDIO ? 6" - 1' (N) ramp4% (N) ramp5% dn dn 4% 5% 557 SF UP (E) +/- 7' - 8" 8' - 8" - 8' 7 9' - 1" - 9' UPUP UP 17' - 3" - 17' 17' - 8" - 17' RESTAURANT RESTaurant (N) (E) - 9" 151' +/- ENTRY FOYER STOR LIGHT COURT 8' - 7" - 8' ENTRY PUBLIC ELEV STOR 6' - 8" - 6' ± 660 SF B3-3RD OPEN TO BELOW (E) +/- 23' - 5" (N) tenant STUDIO BUILDING neighborhood CONNECTION AT THE CORRIDORS 0' - 0" ELEV 361 SF b2l-3RD entry door + side lite with translucent glazing 8 DNDN 9' - 6" - 9' 9' - 1" - 9' (E) CORRIDOR 0' - 0" -2' - 6" UP LOS ROBLES AVENUE ROBLES LOS (E) +/- 13' - 2" LEGEND 9 EXISTING / NEW 24' - 1" 19' - 8" RESTAURANT 6' - 7" 9' - 5" 8' - 0" 6' - 8" 7' - 2" 5' - 6" (E) +/- 12' - 7" ± 2,000 SF sanctuary / sanctuary BOH W 10 ? loft loft 1 bed 1 bed studi0 D 5' - 6" - 5' 8' - 1" - 8' RESTAURANt / RESTAURANT BOH 629 SF 601 SF 777 SF 833 SF 477 SF (E) +/- 12' - 8" RESIDENTIAL / PATIO 9" - 5' W D 11 3' - 9" - 3' 21' - 5" - 21' 21' - 5" - 21' loft 1 bed AMENITY 745 SF 668 SF (E) +/- 14' - 0" 9' - 7" - 9' RESTROOMS 1" - 10' 12 STORAGE (N) (N) (N) WINDOW WINDOW WINDOW 11' - 3" 7' - 9" 2' - 4" STAIR + ELEVATOR / CORRIDOR (E) HISTORIC FIREPLACE TO REMAIN 1st floor plan MARCH 04, 2019 pasadena fcc | client presentation WING AND THE INFORMATION CONTAINED HEREIN ARE THE COPYRIGHTED WORK OF OMGIVNING ARCHITECTS AND MAY NOT BE REPRODUCED WITHOUT WRITTEN PERMISSION.
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