2040 Huntington DrSan Marino, CA 91108

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

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.

• 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

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