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Hastings Ranch Residential Development

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170 N Halstead St, Pasadena, CA 91107

Offering Overview

Price: $2,700,000
Address: 170 N Halstead St, Pasadena, CA 91107
APN: 5757-030-001
Zoning: EPSP-d2-CG-B
Residential Area: +/- 19,516 SF
Lot Size: +/- 10,295 SF
Proposed Units: 19 Residential Units *
Proposed Unit Mix: (4) 1-bed; (14) 2-bed; (1) 3-bed
Average Unit Size: +/- 1027 SF **
Status: Entitled, Permit Ready
Proposed Parking: 34 Spaces (Lift System)

* 2 units are dedicated affordable
** Includes penthouse at 1,838 SF

Listed by

Matthew Dobson

Managing Director

Broker Officer

mdobson@arcainc.us

License No. 01768556

Deal Vault

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INVESTMENT HIGHLIGHTS

Entitled, permit ready
100% fee simple development in Hastings Ranch, a submarket of Pasadena
Adjacent to Metro Gold Line Station
Amenity rich location with walkable restaurant and retail nearby
Increase in luxury multifamily developments over the past decade through Hastings Ranch
Slow/ no growth controls in place governing future development expansion

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Copyright © 2018 Arbor Realty Capital Advisors. All rights reserved.
323 515 8302 | Arbor CA Lic.# 01980430

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Dianne Villarreal

Director of Recruiting

Arbor Realty Capital Advisors Inc
180 S Lake Ave, Ste 205
Pasadena, CA 91101
dvillarreal@arcainc.us
T 323.515.8302
F 323.515.8339

Professional Background
As a Director of Recruiting, Dianne ensures that sale and lease transactions close in an organized and efficient manner. She leverages 6 years of sales and management experience, where she supervised and coordinated with team members and used structure and organization to meet and beat sales goals in teams as large as 15 people. Her meticulous nature and attention to detail combined with hands-on management experience makes her ideally suited to support brokerage teams, and successful transaction closings.

Education
A graduate of the Pasadena City College, Dianne obtained her associate’s degree in Natural Sciences, Social and Behavioral Sciences, and Administration of Justice.

Erika Clark

Director – Marketing

Arbor Realty Capital Advisors Inc
180 S Lake Ave, Ste 205
Pasadena, CA 91101
eclark@arcainc.us
T 323.515.8302
F 323.515.8339

Professional Background
As a Director of Marketing at Arbor Realty Capital Advisors, Erika Clark has over 10 years of experience in creative design specializing in photography and digital media, graphic design, and marketing. Before starting at Arbor Realty Capital Advisors, Inc., Ms. Clark was a Director of Operations at The Agency where she helped create marketing materials, manage social media, and manage the day-to-day business for a team of Brokers. She has been a freelance photographer, videographer, graphic designer, and artist for over nine years. Her creative work covers real estate and architecture, alternative photography, product photography, wedding photography, art exhibits, photojournalism, events, portraiture, album work, drawing and painting, marketing, graphic design, and videography.

Before pursuing a career in real estate, Erika worked in sales for 10 years. Her sales experience helps her understand the importance of marketing and design in business. Additionally, she has managed 3 multi-million dollar retail store locations that sold products globally and focused on client relationships, visual merchandising, marketing, team management, business analytics, and sales. Upon receiving her real estate license, Erika joined Keller Williams as a sales agent and worked in residential real estate for over a year before transitioning into commercial real estate.

Education
A graduate of the University of Utah, Erika obtained her BFA in Digital Emphasis and Photography.

Licenses
California Bureau of Real Estate: Salespersons License # 02011202

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Re: Possible Purchase of the fee simple interest in 8686 Melrose Avenue, West Hollywood, California 90069, hereinafter referred to as 8686 Melrose Avenue, West Hollywood, By ____________________(“Potential Purchaser”).

Please be advised that Property Owner is considering a possible sale of the fee simple interest in 8686 Melrose Avenue, West Hollywood, California 90069, hereinafter referred to as 8686 Melrose Avenue, West Hollywood (the “Property”), with Arbor Realty Capital Advisors, Inc. acting as the authorized sales representatives (“Broker”). Broker will have available for review certain information concerning the Property which includes brochures, documents, financial information, and other materials (collectively “Informational Materials”). Please be advised that neither the Seller or Broker will make such Informational Material available to the Potential Purchaser with regard to the contemplated sale of the Property unless and until the Potential Purchaser has executed this agreement (“Confidentiality Agreement”) and thereby agrees to be bound by its terms. Seller is prepared to provide the Informational Materials for the Potential Purchaser’s consideration in connection with the possible purchase of the Property by the Potential Purchaser, subject to the conditions set forth below.
1. All Informational Materials relating to the Property, which may be furnished to the Potential Purchaser by the Seller or Property Manager shall continue to be the Property of the Seller. The Informational Materials will be used by the Potential Purchaser solely for the purpose of evaluating the possible acquisition of the Property and not for any purpose not related to the possible acquisition of the Property, including for the purpose of contacting tenants of the Property, and may not be copied or duplicated without the Seller’s consent and must be returned to the Seller immediately upon the Seller’s request or when the Potential Purchaser declines to make an offer for the Property or terminates discussions or negotiations with respect to the Property, subject to Purchaser’s established document retention policy and applicable law.
2. The Potential Purchaser will not make any Informational Materials available, disclose any of the contents thereof, or disclose the fact that discussions or negotiations are taking place concerning the possible acquisition of the Property, to any person, unless such person has been identified to the Seller in writing and the Seller has approved the furnishing of the Informational Materials or such disclosure to such person, and such person has entered into an agreement with the Seller, the provisions of which agreement shall be substantially the same as the provisions of this Confidentiality Agreement, provided, however, that the Informational Materials and this Confidentiality Agreement may be disclosed to the Potential Purchaser’s partners, employees, consultants, legal counsel and institutional lenders (“Related Parties”) who, in the Potential Purchaser’s best reasonable judgment, need to know such information for the purpose of evaluating the potential purchase of the Property or any interest therein by the Potential Purchaser. Such Related Parties shall be informed by the Potential Purchaser of the confidential nature of the Informational Materials and shall be directed in writing by the Potential Purchaser to keep all the Informational Materials strictly confidential in accordance with this Confidentiality Agreement. The Prospective Purchaser shall be responsible for any violation of this provision by any of the Related Parties.
3. Although we have endeavored to include in the Informational Materials information which we believe to be relevant to the purpose of your investigation, the Potential Purchaser understands and acknowledges that neither the Seller, or Broker make any representation or warranty as to the accuracy or completeness of the Informational Materials. The Potential Purchaser further understands and acknowledges that the information used in the preparation of the Informational Materials was furnished to the Seller, and Broker by other parties and has not been independently verified by Seller, or Broker and is not guaranteed as to completeness or accuracy. The Potential Purchaser agrees that neither the Seller, or Broker shall have any liability for any reason to the Potential Purchaser or any of its Representatives or Related Parties resulting from the use of the Informational Materials by any person in connection with the sale of, or other investment by the Potential Purchaser in the Property, whether or not consummated for any reason.
4. The Potential Purchaser acknowledges that the Property has been offered for sale subject to withdrawal from the market or rejection of any offer because of the terms thereof, or for any other reason whatsoever, without notice.
5. For purposes of this Confidentiality Agreement, the term “purchase” or “sale” of the Property or other similar language in this Confidentiality Agreement shall be deemed to refer to the purchase or sale of all or a portion of the Property or the purchase of an interest in the Property.
6. The Potential Purchaser hereby represents and warrants to Seller and Broker that the Potential Purchaser has not dealt with any other broker, finder or agent in connection with any possible sale or other transaction concerning the Property other than Arbor Realty Capital Advisors, Inc. and that no broker rep-resents us or will represent us in connection with any possible sale or other transaction concerning the Property other than Arbor Realty Capital Advisors, Inc., and we agree to indemnify and hold harmless Seller and Arbor Realty Capital Advisors, Inc. and their successors and assigns from and against any and all claims, demands, losses, liabilities, suits, costs or expenses due to or arising from any claims of any broker, finder or similar agent (other than Arbor Realty Capital Advisors, Inc., which shall be compensated by Seller) for commissions, fees or other compensation in connection with any possible sale or other transaction concerning the Property based on alleged dealings with the Potential Purchaser.
7. This Confidentiality Agreement shall remain in effect until one (1) year after the date of Potential Purchaser's acceptance of this Confidentiality Agreement.
8. This Confidentiality Agreement shall be governed by and construed in accordance with the laws of the State of California..
9. This Confidentiality Agreement contains the entire understanding between the parties with respect to the subject matter hereof, and may not be altered, varied, revised or amended, except by any instrument in writing signed by the parties subsequent to the date of this Confidentiality Agreement. The parties have not made any other agreement or representation with respect to such matters.
If the Potential Purchaser is in agreement with the foregoing, please sign this Confidentiality Agreement as follows:
Link To Original Document
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Your Name*
First Last
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Date
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I hereby understand and agree to all terms and conditions contained herein.

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