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2647 Mission Street, San Marino, CA 91108
$4,625,000
2647 Mission Street, San Marino, CA 91108View this property at 2647 Mission Street, San Marino, CA 91108
2647 Mission StreetSan MarinoCA91108
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Property Description
OWNER WILL CARRY 1TD FOR 3-5 YEARS WITH SUBSTANTIAL DOWN PAYMENT!! Trophy single tenant net leased investment in super upscale San Marino, the iconic gourmet restaurant/market business, has been known for 36 years as Julienne. The Spanish colonial architecture and sidewalk eating area patio and ultra elegant interior are a true "pride-of ownership" asset. This proven location, a familiar site to locals and celebrities alike, has scaled back the menu to focus more on prepared dishes, frozen entrees for take-out, boutique wines, homemade sweets, and gifts, yet remains an exceptionally strong viable business regardless of the pandemic. The long standing restaurant/market location is unique in walking distance from the dense residential area, as well as providing substantial parking in and around Mission Street. Quite simply, there is no seriously competitive iconic proximity for business in the small upscale downtown San Marino. The existing lease is structured as NNN with the exception of face/exterior walls and roof, This is truly a singular exceptional property which represent an amazing generational investment. Tenant has recently executed option to extend lease to July 2027.
Full Property Details
Full Property Details for 2647 Mission St
General
- Price: $4,625,000
- Status: Active
- Type: Retail
- MLS ID: SB21224209
- Updated: 5/13/2024
- Days on Market: 956 days
- Added to Site: 956 day(s) ago
Business
- Business Type: Restaurant
Rooms
Other Rooms
- Laundry: None
Location
- County: Los Angeles
- Building Name: Julienne
- Driving Directions: Mission near Molina
Utilities
- Utility Description: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Structural Information
- # Buildings: 1
- Stories/Levels: 1
- Building Size: 4500
- Square Feet: 4,500
- Year Built: 1927
- Year Built Source: Assessor
Unit Information
- Occupancy Rate: Occupied
Lot Features
- Lot Size (Acres): 0.138
- Useable Acres: .138
- Lot Size (Sq. Ft.): 6,012
- Lot Size Source: Assessor
- Lot Dimensions: 60 x 100
- Lot Features: 0-1 Unit/Acre
- Lot Description: 0-1 Unit/Acre
Financial Considerations
- Price Per Sq. Ft.: $1,027
Disclosures and Reports
- Buyer’s Brokerage Compensation: 1.5%
- Investment: Yes
- Property ID: 5325007006
Listed by The Realestate Group, JimMenton
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Schools
Schools serving 2647 Mission St
School District:San Marino Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
1650 Huntington Dr, San Marino, CA 91108 | K-5 | 1.2 mi | |
1700 Huntington Dr, San Marino, CA 91108 | 6-8 | 1.3 mi | |
2701 Huntington Dr, San Marino, CA 91108 | 9-12 | 2.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2647 Mission St
Date
Details
Price
Change
Source
5/13/2024
Price Reduced
$4,625,000
-5.6%
MLS
9/29/2023
Price Reduced
$4,899,500
-1.91%
MLS
1/28/2023
Price Reduced
$4,995,000
-3.94%
MLS
9/07/2022
Price Reduced
$5,200,000
-3.61%
MLS
7/29/2022
Price Reduced
$5,395,000
-1.82%
MLS
10/10/2021
Listed
$5,495,000
5.67%
MLS
8/15/2018
Sold
$5,200,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 2647 Mission St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$64,834
3%
$5,575,448
2%
2022
$62,807
2%
$5,466,126
2%
2021
$61,701
1%
$5,358,948
1%
2020
$60,791
2%
$5,304,000
2%
2019
$59,752
347%
$5,200,000
470%
2018
$13,377
2%
$911,778
2%
2017
$13,111
3%
$893,901
2%
2016
$12,776
2%
$876,375
2%
2015
$12,546
1%
$863,212
2%
2014
$12,406
—
$846,304
—
2013
$12,360
—
$842,481
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2647 Mission St
2647 Mission Street, San Marino, CA 91108 (MLS# SB21224209) is a Retail property. 2647 Mission Street is currently listed for $4,625,000 and was received on October 10, 2021. Want to learn more about 2647 Mission Street? Do you have questions about finding other Retail real estate for sale in San Marino? You can browse all San Marino real estate or contact a Coldwell Banker agent to request more information.