2459 Mission StSan Marino, CA 91108
- Office properties
- 741 SF
Property Details for 2459 Mission St
- Year built
- 1958
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.06 AC
- Property size (Sq ft)
- 741 SF
- Zone code
- SOC*
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 5324-027-038
- APU
- 5324027038
Description
This exceptional investment opportunity presents a +/- 800 square foot storefront commercial building located at 2459 Mission Street in the heart of San Marino, California. The property, built in 1947 and zoned C-1, sits on a +/- 2,487 square foot lot (APN: 5324-027-038) and boasts a prominent Mission Street location, ensuring high visibility and foot traffic. Currently occupied by multiple tenants under short-term leases, this presents a unique opportunity for an owner-occupier or investor seeking a strong return. The asking price is $980,000, translating to $1,225 per square foot. The building features four tandem parking spaces on-site, with additional public parking readily available along Mission Street. This is a rare chance to acquire a well-located, established commercial property in the desirable San Marino market. The property's current configuration and tenant occupancy provide immediate income potential. Please note that the building is currently occupied
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $198,557
- 6.5%
- $183,284
- 7%
- $170,192
-
Comparable approach
- Method
- Valuation
- Relative Method
- $140,322
- Geo Method
- $140,909
-
Alternative Use
- Use
- Valuation
- Residential
- $227,272
- Hospitality
- $208,180
- Educational
- $173,203
- Medical
- $179,160
- Retail
- $269,427
Location Insight
- City
- San Marino
- County
- Los Angeles
- State
- California
- Latitude
- 34.1166
- Longitude
- -118.14
- 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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