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CC - Item 2A - Presentation - The Hazel - 2501 San Gabriel BlvdAURA DESIGN 2501 SAN GABRIEL BLVD. ROSEMEAD CA, 91770 34-UNIT TOWNHOME COMMUNITY W/ 2 AFFORDABLE UNITS ” Connecting Today’s Small Town America through Home Ownership” ABOUT US Growing up in the San Gabriel Valley, we witnessed the community evolve from a small suburb into the thriving place it is today. Along with its growth came new challenges, including housing affordability, resident displacement, and the loss of attainable homeownership. Founded in 2018, The Connected Companies is a local, homegrown development firm committed to addressing these challenges through thoughtful, community-focused development. Our mission is to connect communities by creating housing opportunities that strengthen neighborhoods, promote homeownership, and foster long-term investment in the places people call home. 2 VISION “Connecting Today’s Small-Town America through Home Ownership” As the City of Rosemead was incorporated in the 1950’s, a young farmer named Hazel was among its early residents, raising seven children on this property while farming the land and building a life rooted in hard work, family, and homeownership. Nearly 100 years later, Hazel’s descendants would have difficulty finding affordable homes in the community. Without attainable ownership, families cannot remain rooted in their communities. The Hazel will be a 34-unit townhome community with 2 affordable units. Its modern farmhouse design is intended to bridge the site’s history and present-day dynamics. While our mission is to support attainable homeownership for working households, reflecting Hazel’s original intention of creating opportunity for future generations in Today’s Small-Town America – Rosemead. 3 West View: Single Family Homes South View: Park North View: Single Family Homes East View: San Gabriel Blvd. Surrounding Uses: North: Single Family Home South: Park East: Church West: Single Family Home SITE CONTEXT The site is located at unique location along the San Gabriel Blvd corridor with direct frontage on a public park and is surrounded by single-family neighborhoods. This immediate context calls for a more neighborhood-sensitive approach – a homeownership community that provides an appropriate transition between the major corridor and adjacent residential uses, respecting the existing neighborhood character, views, and privacy. Net result, creating an active residential edge that activates the park to strengthen surrounding community. 4 EXISTING SITE CONDITIONS The site currently consists of a single- family residence that was relocated from Arcadia by Hazel’s family in the 1950s. While the property is located along the prominent San Gabriel Blvd. corridor, several existing site constraints significantly affect its development potential. Irregular Shape: The site’s irregular triangular configuration limits efficient building orientation, constraining achievable density and overall project feasibility. High-Voltage Lines: The property is located adjacent to Southern California Edison high-voltage transmission lines, requiring additional fire safety and utility coordination measures that influence site planning, building placement, and increase overall development costs. Aerial View 5 6 SITE PLAN 7 GREENERY SCREEN ENTRY GATE LANDSCAPE AND AMENITIES DOG PARK NATURE’S LOUNGE BBQ AREA8 $88,000 MEDIAN INCOME LA County Median $5,780 ACTUAL COST PER MONTH PITI on a $900K home, 20% down $231,000 INCOME NEEDED TO QUALIFY 2.6× the county median income $900,000 MEDIAN HOME PRICE LA County Median $2,200 AFFORDABLE PER MONTH 30% of the $88K median income UPFRONT — CASH REQUIRED Purchase price $900,000 Down payment (20%)$180,000 Estimated closing costs (~2.5%)$22,500 Total cash to close $202,500 FINANCING Loan amount $720,000 Interest rate (30-yr fixed)6.80% MONTHLY PAYMENT (PITI) Principal & interest $4,694 Property tax (1.25% / yr)$938 Homeowners insurance $150 Mortgage insurance / PMI (20% down)$0 Total monthly payment $5,781 AFFORDABILITY CHECK Median household income (per month)$7,333 Monthly mortgage $5,781 Affordable at 30% of income $2,200 Monthly shortfall –$3,581 MARKET ANALYSIS Housing affordability in California continues to decline. In Los Angeles County, the median home price is near $900,000, which fewer than 20% of households can afford. Residents who grew up in Rosemead experience this firsthand. After finishing school and entering the workforce, many move away because local ownership is financially out of reach. Within the last 5 years, median home prices in LA County have increased by 36% from $660,000 to $900,000 while average income remained relatively stagnant, further diminishing the viability of home ownership for the majority of Americans. $2,200/mo $5,780/mo Affordable Mortgage Current Mortgage 9 UNIT MIX DESIGN Homes are intentionally priced below the county median, tentatively ranging from approximately $750,000 to $850,000 (based on today’s housing market), with 2 affordable 1-bedroom rental units catered towards very low-income households earning 30% of the area median income - $1,081/mo per LA County guidelines in 2026. By keeping pricing below surrounding market levels and offering practical family-sized layouts, the project creates a realistic path to ownership for Rosemead natives and working households to build equity and get a head start in life. AFFORDABLE UNITS 2 Units 518 SF 1B/1B 2 Onsite Parking Rent: $1,081/mo URBAN EDGE FAMILIES 19 Units 1,653 SF 3B/2.5B 2 Car Parking Sales: $850,000 EARLY-MID CAREER PROFESSIONALS 13 Units 1,387 SF 3B/3B 2 Tandem Parking Sales: $750,000 Buyer profile Units Size Bed / Bath Parking Price Urban Edge Families 19 1,653 SF 3B / 2.5B 2-car ~$850,000 Early-Mid Career Professionals 13 1,387 SF 3B / 3B 2-tandem ~$750,000 Affordable (Very Low Income)2 518 SF 1B / 1B 2-onsite ~$1,081/mo Total 34 50,474 SF 1–3 Bed 70 Below $900K 10 FLOOR PLANS 11 RENDERINGS 12 QUESTIONS? THANK YOU!