ALDERSGATE RETREAT CENTER 925 HAVERFORD AVENUE

ALDERSGATE RETREAT CENTER 925 HAVERFORD AVENUEOffering Memorandum | Pacific Palisades, Los Angeles, CA

# STRUCTURES WITHIN THE PROPERTY2±8,260 SF

MAIN RESIDENCE±29,188 SF LAND AREA

±600 SF CHAPEL

STORIES WITHIN THE MAIN RESIDENCE3

http://www.kidder.com/

The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Kidder Mathews and should not be made available to any other person or entity without the written consent of Kidder Mathews.

This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Kidder Mathews has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Kidder Mathews has not verified, and will not verify, any of the information contained herein, nor has Kidder Mathews conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

This information has been secured from sources we believe to be reliable. We make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Recipient of this report must verify the information and bears all risk for any inaccuracies.

KIDDER.COM

01EXECUTIVE SUMMARY

02PROJECT OVERVIEW

Property DetailZoning

03PRICING & TERMS

Bid Process / Suggested Terms

04MAPS & AERIALS

Los Angeles County MapPacific PalisadesAmenities AerialPlat Map & Site MapFloor PlanProperty Images

05GENERAL INFORMATION

Community of Pacific PalisadesDemographics & Traffic Counts

TABLE OF CONTENTS

ERIC KNOWLES

[email protected] N° 00944210

ROBERT FLETCHER

[email protected] N° 01706060

EXCLUSIVELY LISTED BY

http://www.kidder.com


EXECUTIVE SUMMARY

The Offering

01


EXECUTIVE SUMMARY

The enclosed package details information to assist you in analyzing an opportunity for a retreat center, religious facility, social club, school campus in a historic home situated on a large lot within walking distance to the beach and the Village of Pacific Palisades.

The property is located just north of Santa Monica, one mile east of Pacific Coast Hwy and just three miles to Interstate 10, in the exclusive Pacific Palisades community. The site is situated near the intersection of Temescal Canyon Roads and Haverford Avenue, between Pierson Playhouse Theater Palisades to the east and the Pacific Palisades Woman’s Club to the west.

Please review the enclosed package and call with any questions.

THE OFFERING

Kidder Mathews, as exclusive advisor, is pleased to present the opportunity to acquire fee simple interest in the Aldersgate Retreat Center (“the Property”), a vibrant and historical space perfect for retreats, meetings, weddings, conferences, public assembly and other events located at 925 Haverford Avenue in the Pacific Palisades.

2NUMBER OF STRUCTURES

WITHIN THE PROPERTY

±8,260SQUARE FEET

MAIN RESIDENCE

±600SQUARE FEET

CHAPEL

±29,188SQUARE FEET

LAND AREA

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4KIDDER MATHEWS OFFERING MEMORANDUM

PROJECT OVERVIEW

Property Details

Zoning

02


PROPERTY DETAILS

A DDRE SS 925 Haverford AvenuePacific Palisades, CA 90272

PA RCEL NUMBER 4412-001-043

L A ND A RE A ±29,188 SF

ACCE SS The site can be accessed from Haverford Avenue and Temescal Road

TOPOGR A PH Y Mostly flat with an embankment to Temescal Road

E XIS TING IMPROV EMENT S

The main home was constructed in the early 1900’s, and relocated to its current location by the We Boys and Jesus Our Companion young men’s and women’s groups of the United Methodist Church. The main structure includes 12 bedrooms and large meeting rooms ideal for large group functions. With its well preserved historic ambience, the facility is a local treasure and a cultural landmark.

The second structure was built in 1991 and is ideal for a chapel, large meeting room or weddings to name the obvious.

Street Improvements: Haverford Avenue and Temescal Road are public streets with two lanes and four lanes, respectively, of bi-directional traffic. They are each asphalt-paved roads with curbs and gutters along the subject’s frontage.

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PROPERTY DETAILS CONT.

R1-H1: Hillside Low Residential. The following regulations shall apply in the “R1” One-Family Zone: Use. No building, structure or land shall be used and no building or structure shall be erected, structurally altered, enlarged or maintained except for uses, and when a “Supplemental Use District” is created by the provisions of Article 3 of this chapter, for such

uses as may be permitted therein:

• One-family dwelling.

• Two-family dwellings on lots having a side lot line adjoining a lot in a commercial or industrial zone, provided that: (Amended by Ord. No. 171,427, Eff. 1/4/97, Oper. 3/5/97).

- The lot on which the use is located does not extend more than 65 feet from the boundary of the less restrictive zone which it adjoins.

- There is a minimum lot area of 5,000 square feet for each two-family dwelling.

• Conditional uses enumerated in Sec. 12.24 when the location is approved pursuant to the provisions of said section. (Amended by Ord. No. 117,450, Eff. 12/18/60).

• Accessory buildings, including private garages, accessory living quarters, servant’s quarters, recreation rooms, or private stables, provided that:

- No accessory living quarters nor servant’s quarters are located or maintained on a lot having an area less than 10,000 square feet.

A1-1XL: Agriculture Zone. The following regulations shall apply in the “A1” Agriculture Zone. Use. No building, structure or land shall be used and no building or structure shall be erected, structurally altered, enlarged or maintained, except for the following uses, and when a “Supplemental Use District” is created by the provisions of Article 3 of this

chapter, for such uses as may be permitted thereon.

• One-family dwelling.

• Conditional uses enumerated in Sec. 12.24 when the location is approved pursuant to the provisions of said section. (Amended by Ord. No. 117,450, Eff. 12/18/60).

• Accessory buildings including a private garage, accessory living quarters, servant’s quarters, recreation room, greenhouse, lathhouse, stable, barn, corral, pen, coop, building or room for packing products raised on the premises or other similar structure. Accessory living quarters, servant’s quarters, recreation room and a private garage, or any combination of such uses may be included in one building not exceeding two stories in height. (Amended by Ord. No. 122,543, Eff. 9/2/62).

General Plan Use: Low Residential. HCM-Historic Culture Monument. The site is designated a Los Angeles Historic Culture Monument for its association with the history of the United Methodist Church, specifically the “We Boys” and “Jesus our Companion” young men’s and woman’s groups. The designation places certain restrictions upon the owner as further defined in the Culture Heritage Commission report of 2008.

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PROPERTY DETAILS CONT.

Y E A R BU ILT Main structure approximately 1916 Chapel 1991

N U MBER OF FLOORS Main structure 3-floors

N U MBER OF BEDROOMS 12

PA RK ING On-site 14

BUILDING SYSTEMS

H VAC Main building in good working order

ELEC TRIC A L The electrical system is in good working order and adequate for the buildings

WA LL S Main building-painted lathe and plaster

RE S TROOMS / SHOWERS Main building-throughout, inclusive of ADA facilities

PLUMBING In good working order and adequate for the building.

FU RNITU RE , F IX TU RE S A ND EQU IPMENT

The owner will entertain a separate proposal for the FF&E

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SUBJECT PROPERTY

PACIFIC OCEAN


ZONING

LAND USE

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SUBJECT PROPERTY

ZONING

Current Uses Allowed in the A1 and R1 Zone

Bed and Breakfast in historic building

Church or Temple

Club, private, nonprofit

Educational Institution

Hospital

Joint Living and Work Quarters, in historic building, for professional uses

Research and Development Center

Sorority/Fraternity House

School, public or private, elementary, middle or high

Museum

Accessory Living Quarters

Some of these uses may require Conditional Use Permit. Buyer to verify with the City with respect to all zoning/uses.


PRICING AND TERMS

Bid Process / Suggested Terms

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BID PROCESS / SUGGESTED TERMS

All offers submitted for the proposed sale of Aldersgate Retreat Center should be in writing and accompanied by background information on the Buyer.

The property is being offered on the basis of an all-cash closing. The Buyer should distinguish itself by addressing the following:

2021

PRICE

Stipulate total price

Evidence of funds

DEPOSITS

A significant initial deposit will be required upon execution

of the Purchase and Sale Agreement

Indicate timing and amounts of additional deposits

ESCROW CLOSING DATE

Specify for all scenarios

TITLE AND ESCROW

First American Title

Insurance Company

PROPOSED USED OF SITE

List proposed used

CONTINGENCIES/CONDITIONS TO CLOSING

Indicate all buyer contingencies and length of contingency period

Specify all conditions necessary to trigger closing

If offering on an entitled basis, provide a projected entitlement

timeline with major requirements

OFFER STRUCTURE

Investor or User

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MAPS AND AERIALS

Los Angeles County Map

Pacific Palisades

Amenities Aerial

Plat Map & Site Map

Floor Plan

Property Images

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SUBJECT PROPERTY

Drive time and distance to major county within Southern California Drive time subject to traffic conditions

60 MIN56.7 MILES TO ORANGE COUNTY

93 MIN76.4 MILES TO RIVERSIDE COUNTY

133 MIN138 MILES TO SAN DIEGO COUNTY


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BRENTWOOD PARK

RIDGEVIEW COUNTRY ESTATES

NORTH OF MONTANA

WILSHIRE MONTANA

CASTELLAMMARE

PACIFIC OCEAN

Temescal Canyon

ParkWill Rogers State

Historic Park

Topanga State Park

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20TH ST

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4TH ST

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SUBJECT PROPERTY

PACIFIC PALISADES


SUNSET BLVD

SUNSET BLVD

SUNSET BLVD

HAVERFOR

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HAVERFORD A

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SUNSET BLVD27,302+ CARS/DAY

TEMESCAL CNYN RD12,362+ CARS/DAY



SUBJECT PROPERTY

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NYON RD

PACIFIC OCEAN

Women's Center (Bread

and Rose)

Pierson Playhouse Theatre Palisades

Santa Monica Beach

Santa Monica Pier

Palisades Charter High

School


PLAT MAP & SITE MAPTax Map 925 Haverford Ave, Pacific Palisades, CA 90272

Tax Map 925 Haverford Ave, Pacific Palisades, CA 90272 9/12/2017 Page 1 (of 4)All information contained herein is subject to the Limitation of Liability for Informational Report set forth on the last page hereof. This report is only for the myFirstAm user whoapplied for it. No one else can rely on it. As a myFirstAm user, you already agreed to our disclaimer regarding third party propertyinformation accuracy. You can view it here: www.myfirstam.com/Security/ShowEULA. ©2005-2017 First American Financial Corporation and/or its affiliates. All rights reserved.

SUBJECT PROPERTY

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BUERGE CHAPEL

MAIN BUILDING


FLOOR PLAN

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GARDEN LEVEL | 4 BEDROOMS, 16 BEDS UPPER LEVEL | 8 BEDROOMS, 25 BEDS

ROOM 3 5 Beds

ROOM 2 5 Beds

ROOM 1 6 Beds

ROOM 4 1 Double

Bed

ROOM 5 3 Beds

ROOM 6 1 Double

Bed

ROOM 7 1 Double

Bed

ROOM 8 3 Beds

ROOM B 3 Beds

ROOM C 3 Beds

ROOM A 6 Beds

ROOM D 4 Beds

MEETING ROOM Seats 45 at

Classroom Tables

Seats 75 Theater Style(Chairs Only)

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TO CHAPEL & GARDEN


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GENERAL INFORMATION

Community of Pacific Palisades

Demographics & Traffic Counts

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AREA OVERVIEWThe Pacific Palisades is an affluent residential neighborhood tucked between the Santa Monica Mountains and the Pacific Ocean. Temescal Gateway Park offers hiking trails with sweeping coastline views, and the sandy Will Rogers State Beach provides access to a 22-mile beachfront bike path. Landmarks include the sumptuous Getty Villa museum showcasing Greek and Roman antiquities, and the mid-century modern Eames House.

The City of Los Angeles and often known by its initials L.A., is the largest city in California. With an estimated population of nearly four million people, it is the second-most populous city in the United States (after New York City) and the third-most populous city in North America (after Mexico City and New York City). Los Angeles is known for its Mediterranean climate, ethnic diversity, Hollywood entertainment industry, and its sprawling metropolis.

THE ECONOMY

L.A. County is an entertainment, manufacturing and international trade behemoth, with a fast growing high-tech and digital media industry cluster largely centered in West L.A. and, increasingly, in the Hollywood area and beyond. With $807 billion in annual output, Los Angeles County ranks

among the world’s largest economies. Its GDP, which would rank No. 19 in the world if it were a standalone nation, is larger than Switzerland and Saudi Arabia, and right behind Netherlands and Turkey, underscoring the magnitude of the region's economy.

Los Angeles is on the leading edge of several growth industries. The Los Angeles metropolitan area, with more than 23,000 art jobs, is the country's leading artistic center, surpassing the previous champion, New York. In other words, Los Angeles has both a larger concentration and absolute number of artists than New York. The L.A. five-county area is also a major tech center, with more than 700,000 people at work in health services/biomedical activities and 190,000 people in aerospace. Here are some more facts and figures about Los Angeles: the city, the county and the region.

LOS ANGELES COUNTY

Reference: www.discoverlosangeles.com

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SANTA MONICA

Offering an environment of unparalleled natural beauty, the city is home to a mix of residential communities, commercial districts, and recreational venues. Recently named by National Geographic as one of the Top "10 Beach Cities in the World" and by TIME as one of the "Best Places to Live", Santa Monica features three miles of Pacific beaches and the Santa Monica Pier.

The City of Santa Monica is a national leader in environmental, economic and social sustainability. The City is working toward aggressive climate action goals including: water self-sufficiency by 2020, zero waste by 2030, and carbon neutrality by 2050.

Located just 9 minutes south of 925 Haverford Ave, Santa Monica is a beachside city of 8.3 square miles on the westside of Los Angeles County.

SANTA MONICA STATE BEACH

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93KRESIDENTIAL POPULATION

8.4MTOURISTS VISITED SANTA MONICA IN 2018

$1.93BGENERATED BY TOURISM TO THE LOCAL ECONOMY


VENICE

Venice Beach is the busiest facility operated by the Department of Recreation and Parks. This iconic site attracts visitors from all over the world and it is estimated that approximately 28,000 to 30,000 people visit the Venice Beach Boardwalk and adjacent Recreation and Parks property on a daily basis. The Boardwalk, also known as Ocean Front Walk, is the second most-visited destination in Southern California, with an average of over ten (10) million visitors per year. It is known as one of the region’s most popular tourist attractions.

The Venice Beach Boardwalk stretches over two (2) miles and hosts hundreds of street vendors and performers along with numerous privately owned restaurants and food venues.

Located 15 minutes south of 925 Haverford Ave, Venice (often refered to as Venice Beach) is the 2nd-largest tourist attraction in Southern California after Disneyland.

VENICE CANALS

VENICE BEACH BOARDWALK

10MVISITORS IN 2015

62%OF VISITORS HAVE AN AVERAGE INCOME OF OVER $50K

43.8%OF VISITORS ARE FROM AREAS OUTSIDE LA COUNTY AND SOUTHERN CALIFORNIA

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DEMOGRAPHICS

POPULATION

1 Mile 3 Miles 5 Miles

2020 E S TIM ATE 13,369 74,448 231,217

2025 PROJ EC TION 13,221 74,322 230,044

2010 CENSUS 13,172 72,949 220,652

MEDI A N AGE 45.7 44.2 38.3

HOUSEHOLDS


2020 E S TIM ATE 5,611 37,067 111,041

2025 PROJ EC TION 5,733 38,151 113,875

2010 CENSUS 5,329 34,789 102,837

GROW TH 2020 - 2025 0.4% 0.6% 0.5%

2020 EMPLOYMENT & INCOME


AVG HH INCOME $341,626 $238,758 $171,174

MEDI A N HH INCOME $148,346 $125,471 $98,883

PER C A PITA INCOME $143,427 $118,974 $82,735

TOTA L BUSINE SSE S 780 6,613 25,562

TOTA L EMPLOY EE S 4,325 42,407 222,130





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LOS ANGELES

CORONA

ORANGE

FULLERTON

DOWNEYINGLEWOOD

SANTA MONICA

BURBANK

SAN FERNANDO

PASADENA

LONG BEACH

TORRANCE CERRITOSANAHEIM

SANTA ANA

LAKE FOREST

RANCHOPALOS

VERDES

MANHATTANBEACH

HermosaBeach

EL SEGUNDO

Laguna Beach

DANA POINT

LAGUNA NIGUEL

TEMECULA

SAN CLEMENTE

IRVINE

NEWPORTBEACH

TerminalIsland

RIVERSIDE

SAN BERNARDINOFONTANA

ONTARIO

CHINO

POMONA REDLANDS

MORENO VALLEY

EL CERRITO

ARCILLA

MEAD VALLEY

WOODCRESTMarch Air

Reserve Base

Mt Baldy

RunningSprings

Crestline Big Bear Lake

LAKEVIEW

NUEVO

WINCHESTER

SAN JACINTO

BEAUMONT

CHERRY VALLEY

CALIMESA

BLOOMINGTON

MENIFEECanyon Lake

MURRIETA

Lake Elsinore

LAKELANDVILLAGE

DELUZ

RAINBOW

PERRIS

SILVERADO

BREA

CITY OFINDUSTRY

HEMET

YUCAIPAOAK GLEN

BEVERLY HILLS

AZUSA

COVINA

LA CAÑADAFLINTRIDGE

SHERMAN OAKS

HOLLYWOOD

Chino HillsState Park

San BernardinoNational Forest

PACIFIC OCEAN

MALIBU

THOUSAND OAKS

SIMI VALLEY

MOORPARK

CALABASAS

Topanga State Park

CANOGA PARK

RedondoBeach

CARSON

COMPTON

LAKEWOOD

SAN PEDRO

Pacific Palisades is a largely residential neighborhood in the Westside of the city of Los Angeles, California, located among Brentwood to the east, Malibu and Topanga to the west, Santa Monica to the southeast, the Santa Monica Bay to the southwest, and the Santa Monica Mountains to the north. It is about 7 miles west of the UCLA campus.

RIVERSIDE COUNTY

74 Min | 66.5 Miles

DOWNTOWN LA

34 Min | 19.4 Miles

ORANGE COUNTY

59 Min | 56.5 Miles

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SUBJECT PROPERTY


KIDDER MATHEWS 12230 EL CAMINO REAL, 4TH FLOOR | SAN DIEGO, CA 92130 KIDDER.COM

ERIC KNOWLES

Senior Vice [email protected] N° 00944210

EXCLUSIVELY LISTED BY

ROBERT FLETCHER

First Vice [email protected] N° 01706060



ALDERSGATE RETREAT CENTER 925 HAVERFORD AVENUE

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