2040 Huntington DrSan Marino, CA 91108
- Retail properties
- 5,000 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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