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Property profile & analytics
OFF-MARKET Estimated value $1,130,000
Retail properties & Spaces

2040 Huntington Dr San Marino, CA 91108-2022

5,000 SF 0.19 ac lot Built 1950
Trust Owned 16-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-6346964
Property summary
AI-generated overview

Exceptional opportunity to acquire a 5,000 square foot commercial property in the heart of prestigious San Marino, California. This property, situated at 2040 Huntington Drive, 91108, enjoys a highly desirable location adjacent to City Hall, Police and Fire Departments, and surrounded by a vibrant mix of restaurants and financial institutions including Bank of America, Chase, Wells Fargo, US Bank, East West Bank, and Cathay Bank. The property boasts excellent demographics and a high median household income, benefiting from significant traffic exposure with approximately 38,000 cars passing daily. Currently configured as two units, one 3,375 square foot space occupied by a dry cleaner (business opportunity included in the asking price as-is), and a 1,625 square foot unit recently leased to a college prep counseling school. The property includes six on-site parking spaces, supplemented by ample convenient street parking, including designated city parking. This is a rare opportunity to purchase a prime storefront, one-story commercial retail/office/mixed-use investment or owner-user property that has not been on the market for decades. Easy freeway access via the 110 and 210 freeways adds to its exceptional appeal. The asking price for this unique property is $2,950,000.

Property profile
Verified
Property type Retail properties & Spaces
Use group SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built 1950
Construction TILT-UP CONCRETE
Total area 5,000 SF
Lot 0.19 ac (8,114 SF)
Zoning code SOC1*
APN 5334-016-013
UPID US09-6346964
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.24M
Blend (final) Blend
$1.13M
Owner & transaction history
Chung 2009 Family Trust · 16 yrs held
Chung 2009 Family Trust
since 2009
7 recorded transactions
2009
Price N/A
2001
$1.0M
1999
Price N/A
1992
$700,000
1991
$2.6M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
SOC1* · San Marino, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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