651 bellefontaine st. pasadena , ca

An Investment Opportunity Offered by the Landbourn Company

651 BELLEFONTAINE ST. PASADENA, CA

At $2,295,000

Chris Arthur C: 858-334-5211 Off: 858-551-0101 Email: [email protected] DRE License: 01745525

TABLE OF CONTENTS

Property Data The Opportunity The Property Overview Site Map Aerial Map Regional Map Community Neighborhood Market Demographics Comparable Sales Contact Info

3 4 5 6 7 8 9-10 11-12 13 14-20 21

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 Ft2 are approximate. Buyer must verify the information and bear all risk for any inaccuracy.

PROPERTY DATA

Region/Cluster: 05/05104

Tax Rate Area: 07500

Land: $180,524

Improvements: $0

Property Boundary description: TR=3072 LOTS 1 ,2, S 108.8 FT of LOT 3 and POR LOT 4

Sales Price: $2,295,000

Assessor’s ID No: 5717-004-033

Lot 1 Size: 31 ,958 Ft2 ( .733 AC)

Topography: Level

Zoning: RS4, Section 17.22

Best Use: Residential


THE OPPORTUNITY

The proper ty sits on level ground within a beautiful neighborhood surrounded by tradit ional Pasadena homes. The proper ty is 31,958 sq. f t . ( .733 acres). This is one of the two legal lots that was recently subdivided from one legal parcel of 1 .316 acres (57,314 sq. f t . ) . The other legal parcel created from the subdivision (APN 5717-004-032), which sold in August of 2017, is 25,356 sq. f t . ( .58 acres).


Presenter

Presentation Notes

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.

THE PROPERTY OVERVIEW


Presenter

Presentation Notes

Oppurtunity?

SITE MAP


AERIAL MAP

Bradford St.

Bellefontaine St.


REGIONAL MAP


Pasadena is a city located in Los Angeles County. In 2013, the estimated population was 139,731, making Pasadena the 183rd 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 1st.

COMMUNITY

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.


COMMUNITY

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

Key Distances


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.

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.

NEIGHBORHOOD

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.


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


COMPARABLE SALES


COMPARABLE SALES

South Arroyo:


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

COMPARABLE SALES

671 Bellefontaine Street, Pasadena 91105


Subject Property

This is a recent sale of a conforming mid block parcel with a 102.17 foot frontage on California Boulevard and an average depth of 337.43 feet for a total buildable area of 33,237 Ft2. The property was sold for land value with new building plans for buyer. Property sold for $2,280,000 measuring a Ft2 price of $68.60 per Ft2.

COMPARABLE SALES

3171 E California Boulevard, Pasadena 91107


This is a mid block 26,786 Ft2 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 Ft2.

COMPARABLE SALES

2160 Oak Knoll Avenue, San Marino 91108

Nick Arthur C: 858-354-8772 Off: 858-551-0101 Email: [email protected] DRE License: 00837067

1100 South Grand Ave, Pasadena, CA 91105

COMPARABLE SALES

This Pasadena estate sits on a 0.87 acres lot listed at $5,200,000 and measuring a square feet price of $940/ ft2. 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.


This estate sits at the Eastern bank of Arroyo Seco on over one flat acre listed at $3,860,000 and measuring $820/ + Ft2. The lot size holds 1.02 acres.

COMPARABLE SALES

300 S Arroyo Blvd, Pasadena, CA 91105


A partially improved midblock half acre parcel with a gross buildable area of 21,413 Ft2. 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.

COMPARABLE SALES

1435 Chamberlain Road, Pasadena 91103


CONTACT INFORMATION

Chris Arthur Cell: 858-334-5211

[email protected] DRE License 01745525

Nick Arthur, Sales Agent

Office: 858-551-0101 ext.223 Cell: 858-354-8772 [email protected]

DRE License 00837067


651 bellefontaine st. pasadena , ca

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