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2628 Mission Street

San Marino, CA 91108
  • $799,000
  • STATUS: Active Under Contract
  • ON SITE: 23 Days
  • MLS #: AR23033617
Under Contract
UPDATED: 36 min ago
$799,000
  • 0
    BEDS
  • 0.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1945
County:

School Ratings & Info

Listing Agent(s): Jerry Sun of Re/Max Premier Properties (626-316-6700)


Description

Capitalize on this rare investment opportunity for a retail store property with high visibility and great signage exposure! Located in the prestigious "The Shops at Mission Village - a unique shopping and dining district of Old Mill neighborhood in San Marino. Strong performance in the local residential real estate market makes this property a value-added investment opportunity for small owner-users seeking a business operation or generation of rental income.Constructed in 1945, this one-story retail property sits on a 2,853 square-foot lot. It features a storefront for general merchandise retail with SOC1* zoning and offers outstanding odds for continuing its current function as a retail store with endless potential. The lot measures 30 ft. by 95 ft. and comprises 428 square feet per profile for the indoor leasable area. With a covered outdoor space and concrete flooring backyard, it benefits from more usable outdoor area. The current tenant, "Simply Fresh," is a lovely gift shop that has been operating for over 22 years.The future owner will delight in this ideally-positioned retail store near significant venues such as the Huntington Library and Lacy Park, as well as award-winning schools and local amenities offering every living convenience. Many other retail stores dot the nearby area , like a variety of dining establishments (e.g., Julienne Fine Foods, San Marino Cafe & Marketplace, Apsara Coffee, and PIZZANISTA), fashion & lifestyle shopping retails (e.g., Single Stone Jewelry, Laykin et Cie, David Orgell Jewelry, Serafina Boutique, P.M. Jacoy Menswear, Heatherbloom, A Place To Bead, IN ITS TIME, Zero Degrees Celsiu, Johnny Was, and Huddleson) other essential services (e.g., Starr House The Salon, Mark Taylor Salon, Soak Nail Bar, The Cub House, Sun Cleaners, San Marino Music Center, Snap Fitness. Hemp Hill Farms, Area Rug Cleaning, Hollis Home and Garden), and some personal care and services among others. The property also provides convenient access to the 110 and 210 freeways.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-03-24T07:37:15.273. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/137325796
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2628 Mission Street San Marino, CA 91108

  • Price: $799,000
  • Status: Active Under Contract
  • On Site: 23 Days
  • Updated: 36 min ago
  • MLS #: AR23033617
0
Beds
0
Baths
0
½ Baths
0.07
Acres
1945
Built
Neighborhood:
655 - San Marino
County:
Los Angeles
Area:
655 - San Marino
Property Description
Capitalize on this rare investment opportunity for a retail store property with high visibility and great signage exposure! Located in the prestigious "The Shops at Mission Village - a unique shopping and dining district of Old Mill neighborhood in San Marino. Strong performance in the local residential real estate market makes this property a value-added investment opportunity for small owner-users seeking a business operation or generation of rental income.Constructed in 1945, this one-story retail property sits on a 2,853 square-foot lot. It features a storefront for general merchandise retail with SOC1* zoning and offers outstanding odds for continuing its current function as a retail store with endless potential. The lot measures 30 ft. by 95 ft. and comprises 428 square feet per profile for the indoor leasable area. With a covered outdoor space and concrete flooring backyard, it benefits from more usable outdoor area. The current tenant, "Simply Fresh," is a lovely gift shop that has been operating for over 22 years.The future owner will delight in this ideally-positioned retail store near significant venues such as the Huntington Library and Lacy Park, as well as award-winning schools and local amenities offering every living convenience. Many other retail stores dot the nearby area , like a variety of dining establishments (e.g., Julienne Fine Foods, San Marino Cafe & Marketplace, Apsara Coffee, and PIZZANISTA), fashion & lifestyle shopping retails (e.g., Single Stone Jewelry, Laykin et Cie, David Orgell Jewelry, Serafina Boutique, P.M. Jacoy Menswear, Heatherbloom, A Place To Bead, IN ITS TIME, Zero Degrees Celsiu, Johnny Was, and Huddleson) other essential services (e.g., Starr House The Salon, Mark Taylor Salon, Soak Nail Bar, The Cub House, Sun Cleaners, San Marino Music Center, Snap Fitness. Hemp Hill Farms, Area Rug Cleaning, Hollis Home and Garden), and some personal care and services among others. The property also provides convenient access to the 110 and 210 freeways.
Exterior Features

Lot Features Back YardNear Park Number Of Separate Electric Meters 1 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Common Interest Planned Development Community Features CurbsSidewalksPark Garage YN No Gross Income 21600 Gross Scheduled Income 21600 Insurance Expense 0 Land Lease YN No Laundry Features None Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional Net Operating Income 21600 New Construction YN No New Taxes Expense 9987.5 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 0 Property Sub Type Mixed Use Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Water Source Public Zoning Soc1*



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-03-24T07:37:15.273. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Jerry Sun of Re/Max Premier Properties (626-316-6700)