61 N Bonnie Ave Pasadena, CA 91106

Agent Remarks: The structure needs major renovation, as it was last used as a group / transition home for young ladies. It is located in a zoning area that allows for condo or apartment building. The buyer is to check with the city of Pasadena regarding development potential. The seller prefers a purchase offer that do not include contingencies for inspection or repairs, due to the poor condition of the property. The property is being sold on an "as-is" basis. The home shares a driveway on the south side with the home immediately to the south. There is an office or mother-in-law unit, complete with bathroom and kitchen in the rear of the property, as part of the stand alone garage structure. The buyer will need to check with the city of Pasadena as to whether this structure is permitted or not. There is a small backyard, behind the main home and also a small yard behind the stand alone office / garage structure. The proper vesting of ownership from Rosemary Children's Services, Inc. (aka "Rosemary") to Victor Treatment Centers, Inc., (aka "Victor") successor by merger, will occur during the escrow process. Contact agent, or Michelle Pasqual of First American Title and Peggy Chien of Central Escrow to understand this contingency. Victor Treatment Centers, Inc. acquired this property, along with 4 other homes in the greater Pasadena area, through an acquisition / merger with Rosemary Children's Services, Inc. in 2018. Technically, the assessor's office still shows Rosemary as the owner, but Victor controls the property, and is in the process of transferring title to Victor Treatment Centers, Inc. See contingency in the Office / MLS tab. The title insurance company representative indicates it is a paperwork fix during escrow.

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