2545 Msn St, San Marino, CA 91108-1637
- Retail space
- 3,500 SF
- 0.11 lot acres
Current Use by Public Records
- Retail space
Property Details for 2545 Msn St
- Year built
- 1926
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.11 lot acres
- Zone code
- SOC1*
- Property type
- Retail space
- APN
- 5324-026-016
- APU
- 5324026016
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Sep 19, 2023 | — | Mission Village Plaza LLC | William J Bell | Quit Claim Deed · related | — |
| Sep 5, 2007 | — | Mission Village Plaza LLC | Bell,william J & Susan J | Quit Claim Deed · related | — |
| Apr 4, 1995 | — | Bell,william J & Susan J | — | Trustees Deed · related | — |
| — | — | William J Bell | — | Deed Of Trust · related | $110k · American Pacific State Bank |
| — | — | William J Bell | — | Deed Of Trust · related | $638k · American Pacific State Bank |
| — | — | William J Bell | — | Deed Of Trust · related | — |
Description
Exceptional investment opportunity: Mission Village Plaza, a three-building, 9,200 square foot retail property located at 2545 Mission Street in San Marino, California, is offered for sale at $7,000,000. This fee-simple ownership encompasses three separate parcels (APN: 5324-026-014, 015 & 016) totaling 12,526 square feet. The property consists of three single-story buildings constructed in 1926 and 1948, with various renovations throughout its history. Currently operating at 100% occupancy, the property features a curated mix of high-profile national tenants including Johnny Was, Johnny Was Home, J.McLaughlin, Single Stone, and Mark Taylor Salon & Spa. The property is zoned SOC* & SOC1* and benefits from a triple-net (NNN) lease structure. Leases for three of the five tenants expire in 2024, presenting a significant upside potential for investors to renegotiate leases or reposition the space. This presents a rare opportunity to acquire irreplaceable San Marino real estate, first offered for sale in 47 years. The location within the affluent Mission Village district, often referred to as the "Rodeo Drive" of the San Gabriel Valley, provides access to a high-density population with an average household income exceeding $207,000 within a one-mile radius and $143,000 within a three-mile radius. The property's strategic location and high-quality tenant roster make it an ideal investment or owner-user opportunity.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $667,000
Market price range: $667k - $2.15M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- San Marino
- County
- Los Angeles
- State
- California
- Longitude
- -118.139
- Latitude
- 34.1165
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
