2545 Mission StSan Marino, CA 91108

Property Details for 2545 Mission St

Year built

1926

Construction

TILT-UP CONCRETE

Lot size

0.11 AC

Property size (Sq ft)

3,500 SF

Zone code

SOC1*

Property type

Retail properties

Property subtype

Retail space

APN

5324-026-016

APU

5324026016

Description

Exceptional investment opportunity: Mission Village Plaza, a three-building, 9,200 square foot retail property located at 2545 Mission Street in San Marino, California, is offered for sale at $7,000,000. This fee-simple ownership encompasses three separate parcels (APN: 5324-026-014, 015 & 016) totaling 12,526 square feet. The property consists of three single-story buildings constructed in 1926 and 1948, with various renovations throughout its history. Currently operating at 100% occupancy, the property features a curated mix of high-profile national tenants including Johnny Was, Johnny Was Home, J.McLaughlin, Single Stone, and Mark Taylor Salon & Spa. The property is zoned SOC* & SOC1* and benefits from a triple-net (NNN) lease structure. Leases for three of the five tenants expire in 2024, presenting a significant upside potential for investors to renegotiate leases or reposition the space. This presents a rare opportunity to acquire irreplaceable San Marino real estate, first offered for sale in 47 years. The location within the affluent Mission Village district, often referred to as the "Rodeo Drive" of the San Gabriel Valley, provides access to a high-density population with an average household income exceeding $207,000 within a one-mile radius and $143,000 within a three-mile radius. The property's strategic location and high-quality tenant roster make it an ideal investment or owner-user opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,378,648

  6.5%

  $1,272,598

  7%

  $1,181,698

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,670,228

  Geo Method

  $1,677,211

• Alternative Use

  Use

  Valuation

  Residential

  $1,073,484

  Hospitality

  $983,306

  Educational

  $818,099

  Medical

  $846,234

  Retail

  $1,272,598

Location Insight

City

San Marino

County

Los Angeles

State

California

Latitude

34.1165

Longitude

-118.139

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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