2040 Huntington DrSan Marino, CA 91108

  • Retail properties
  • 5,000 SF
For Sale
$2,950,000 View listing

Property Details for 2040 Huntington Dr

Year built
1950
Construction
TILT-UP CONCRETE
Lot size
0.19 AC
Property size (Sq ft)
5,000 SF
Zone code
SOC1*
Property type
Retail properties
Property subtype
Other retail properties
APN
5334-016-013
APU
5334016013

Description

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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,969,497
    6.5%
    $1,817,997
    7%
    $1,688,140
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,386,040
    Geo Method
    $2,396,016
  • Alternative Use

    Use
    Valuation
    Residential
    $1,533,549
    Hospitality
    $1,404,722
    Educational
    $1,168,713
    Medical
    $1,208,906
    Retail
    $1,817,997
2040 Huntington Dr, San Marino, California

Location Insight

City
San Marino
County
Los Angeles
State
California
Latitude
34.1203
Longitude
-118.109
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
$20,281
$724,160
$753,128
$1,477,288
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