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    1340 N Granada Ave San Marino, CA 91108

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    For Sale
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    Upgraded office suites suitable for various professional uses.

    Type:Office
    Property size:
    1,807 SF
    Added:
    Nov 26, 2025
    Days on Market:
    128
    Last Refresh:
    Dec 2 at 3:15 am

    Property Features for 1340 N Granada Ave

    General Information

    Standard status
    Active
    Size
    1,807 SF
    Property subtype
    Office

    We can help!

    Listing Contact
    Shahin Shahlaee
    Shahin Shahlaee

    Listing agent Shahin Shahlaee License #01314464

    Listing office Grayly Realty Inc

    Listing date Nov 26, 2025

    Source Lee-associates

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Grayly Realty Inc

    Overview

    Remodeled Office Suites in San Marino

    Located in San Marino, the property features remodeled professional office suites. The available space includes two suites: one with 785 square feet and another with 1,022 square feet, totaling 1,807 square feet. These suites can be leased individually or together. The suites have been recently upgraded with high-end finishes, offering a clean, modern, and functional layout. Each suite includes a private entrance, new air conditioning units, tankless water heaters, and upgraded electrical systems. The property is suitable for a variety of professional uses, including legal, accounting, architecture, real estate, insurance, psychology, therapy, and dental practices. Convenient on-site parking is available, with additional street parking for staff and clients. The property offers excellent visibility and accessibility, with convenient access to Huntington Drive, San Gabriel Boulevard, and nearby connections to the I-10, 210, and 110 freeways, providing connectivity to Pasadena, Alhambra, South Pasadena, and the greater Los Angeles area. The location is near Lacy Park, top-rated San Marino Unified School District schools, and a variety of local dining and retail options. The property is located on Granada Avenue, just off Huntington Drive, offering visibility and consistent foot and vehicle traffic. The property includes 8 on-site parking spaces, plus additional street parking. It features two separate suites with individual A/C units, tankless water heaters, updated electrical and gas panels, and two water meters.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Marino
    County
    Los Angeles
    State
    California
    Longitude
    -118.1282333
    Latitude
    34.1118415

    Nearby Similar for Sale

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    • $2,850,000

      Two-Story Retail/Office Building Opportunity

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      10,084 SF

      San Marino Mixed-Use Property

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    FAQs

    What type of property is this?
    Office units - Upgraded office suites suitable for various professional uses.
    Where is this office units located?
    The property is located at 1340 N Granada Ave San Marino, CA.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Prime San Marino location in an affluent, high‑income community with excellent visibility and accessibility.; **Recently upgraded with high‑end finishes, modern layout, and new infrastructure (A/C, tankless water heaters, electrical systems).**; Suitable for a variety of professional uses (legal, accounting, medical, etc.)
    (778) 680-4377
    We can help!
    Listing Contact
    Shahin Shahlaee
    Shahin Shahlaee
    Real Estate License ID: 01314464
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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