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    2459 Msn St San Marino, CA 91108-1635

    • Office buildings
    • 741 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimations
    $305,000
    Show details
    Cap Rate Potential
    5.6%
    Office buildings
    Location Intelligence
    Property ID
    US09-9002759
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 2459 Msn St

    Year built
    1958
    Construction
    TILT-UP CONCRETE
    Lot size
    0.06 lot acres
    Property size
    741 SF
    Zone code
    SOC*
    Property type
    Office buildings
    APN
    5324-027-038
    APU
    5324027038

    Description

    This exceptional investment opportunity presents a +/- 800 square foot storefront commercial building located at 2459 Mission Street in the heart of San Marino, California. The property, built in 1947 and zoned C-1, sits on a +/- 2,487 square foot lot (APN: 5324-027-038) and boasts a prominent Mission Street location, ensuring high visibility and foot traffic. Currently occupied by multiple tenants under short-term leases, this presents a unique opportunity for an owner-occupier or investor seeking a strong return. The asking price is $980,000, translating to $1,225 per square foot. The building features four tandem parking spaces on-site, with additional public parking readily available along Mission Street. This is a rare chance to acquire a well-located, established commercial property in the desirable San Marino market. The property's current configuration and tenant occupancy provide immediate income potential. Please note that the building is currently occupied

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $310,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $290,000
      6.5%
      $265,000
      7%
      $245,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    San Marino
    County
    Los Angeles
    State
    California
    Longitude
    -118.14
    Latitude
    34.1166
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $3,389
    $22,087
    $24,963
    $47,050
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $450,000
      11,369 SF

      1405 San Marino Ave

      PROFESSIONAL BUILDING • 11,369 SF
      1405 San Marino Ave, San Marino, CA 91108-2043
      View Details
    • Value Estimation
      $365,000
      2,238 SF

      2461 Huntington Dr

      OFFICE BUILDING • 2,238 SF
      2461 Huntington Dr, San Marino, CA 91108-2644
      View Details
    • Value Estimation
      $485,000
      3,344 SF

      1120 Huntington Dr

      OFFICE BUILDING • 3,344 SF
      1120 Huntington Dr, San Marino, CA 91108-1829
      View Details
    • Value Estimation
      $1,060,000
      6,314 SF

      2549 Huntington Dr

      OFFICE BUILDING • 6,314 SF
      2549 Huntington Dr, San Marino, CA 91108-2651
      View Details
    • Value Estimation
      $350,000
      2,898 SF

      2485 Huntington Dr

      OFFICE BUILDING • 2,898 SF
      2485 Huntington Dr, San Marino, CA 91108-2622
      View Details
    • Value Estimation
      $350,000
      2,075 SF

      2515 Huntington Dr

      OFFICE BUILDING • 2,075 SF
      2515 Huntington Dr, San Marino, CA 91108-2602
      View Details

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    • Contact for pricing
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      Prime San Marino Commercial Property

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    • $5,800,000
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      Expansive Lot in Desirable Neighborhood

      Large lot with demolition permits in prime San Marino location.
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    • $1,200,000

      San Marino Land For Sale

      Commercial land available in San Marino, California.
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      View Details

    Similar Nearby for Lease

    • $3 SF/Yr
      1,807 SF

      Modern Office Suites Available

      Move-in ready office suites with high-end finishes and updated infrastructure.
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    • $30 SF/Yr
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      Huntington Drive Office Space

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    • Contact for pricing

      Retail Property in Pasadena

      Retail property 100% leased in Pasadena, CA.
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    • $3 SF/Yr
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      Retail Space Available For Rent

      Retail space available for rent.
      2636-2650 Mission St, San Marino, CA 91108
      View Details
    • Contact for pricing
      11,979 SF

      Commercial Land Near 210 Fwy

      11,979 SF commercial land with proximity to 210 Fwy.
      810 Huntington Dr, San Marino, CA 91108
      View Details
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    2459 Msn St
    San Marino, CA 91108-1635
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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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