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MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 17<br />
TRI-CITIES<br />
482 ARROYO<br />
482 S. ARROYO PKWY<br />
DESCRIPTION<br />
Located in Pasadena, with quick access to the Metro Gold Line<br />
and within walking distance to some of the best restaurants in<br />
Pasadena, 482 Arroyo features 26 luxury one- and two- bedroom<br />
condominiums and penthouses.<br />
AMENITIES<br />
• Outdoor living space<br />
• Bicycle parking<br />
FINISHES<br />
• High-end cabinetry<br />
• Italian kitchens with premium,<br />
natural quartz countertops<br />
• Premium Hansgrohe fi xtures<br />
CURRENT STATUS<br />
Date on <strong>Market</strong>: Apr ‘16<br />
First Close of Escrow: TBD<br />
In Contract: 9<br />
Closed: 0<br />
Avg. Monthly Absorption: 4.5 Units<br />
PROJECT INFORMATION<br />
Developer: 496 Arroyo LLC<br />
Submarket: Pasadena<br />
Number of Homes: 26<br />
HOA: $350-$550<br />
UNIT MIX & LIST PRICE SUMMARY<br />
TYPE #UNITS SIZE SF PRICE RANGES PRICE P.S.F.<br />
1-BED 18 764 - 974 $575,000 - $715,000 $734 - $753<br />
2-BED 1 1,126 - 1,126 $699,000 - $760,000 $621 - $675<br />
PH 6 922 - 1,557 $735,000 - $1,250,000 $797 - $803<br />
CLOSED NEW SALES SUMMARY<br />
TYPE #SALES AVG SF PRICE RANGES AVG PRICE PRICE P.S.F. AVG P.S.F<br />
- - - - - - -<br />
LOS ANGELES MARKET REPORT, MAY 2016
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