Medical/ Office or Retail Building | 1437-1445 San Marino Ave
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Medical/ Office or Retail Building 1437-1445 San Marino Ave
5,030 SF 90% Leased Office Building San Marino, CA 91108 £2,896,813 (£576/SF) 3.25% Net Initial Yield
Investment Highlights
- Renovated many times
- 5 employee parking spaces plus huge in common shared unreserved lot in front of building
Executive Summary
Rare 5,030 SF Medical or Office building For sale
Abundant adjacent parking spaces
3,484 SF Available for user to occupy soon
Huge in common parking area in front of building plus 5 reserved spaces for employees in rear
Located on prestigious San Marino Avenue, this property boasts tremendous curb appeal, upscale charm, and pride of ownership. Its prime location offers easy access to major commercial thoroughfares like Huntington Drive, San Marino Avenue and California Boulevard, while maintaining a serene environment. The property is well maintained and provides convenient ingress/egress, making it an excellent investment. A medical or office user can occupy nearly 70% of the building soon and obtain a 90% loan from the SBA and Bank. Close to many restaurants, banks and Huntington Library.
Abundant adjacent parking spaces
3,484 SF Available for user to occupy soon
Huge in common parking area in front of building plus 5 reserved spaces for employees in rear
Located on prestigious San Marino Avenue, this property boasts tremendous curb appeal, upscale charm, and pride of ownership. Its prime location offers easy access to major commercial thoroughfares like Huntington Drive, San Marino Avenue and California Boulevard, while maintaining a serene environment. The property is well maintained and provides convenient ingress/egress, making it an excellent investment. A medical or office user can occupy nearly 70% of the building soon and obtain a 90% loan from the SBA and Bank. Close to many restaurants, banks and Huntington Library.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
5,030 SF
Building Class
C
Year Built
1962
Price
£2,896,813
Price Per SF
£576
Net Initial Yield
3.25%
NOI
£94,136
Percent Leased
90%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
5,030 SF
Building FAR
0.77
Lot Size
0.15 AC
Zoning
SOC1* - Limited Commercial
Parking
6 Spaces (1.19 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 5329-026-022 | Improvements Assessment | £134,825 |
| Land Assessment | £77,550 | Total Assessment | £212,375 |
PROPERTY TAXES
Parcel Number
5329-026-022
Land Assessment
£77,550
Improvements Assessment
£134,825
Total Assessment
£212,375
Contacts
-
Robert Ip -
Bill Ukropina, CRE -
Christina Burdette -
Coldwell Banker Commercial Realty
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Medical/ Office or Retail Building | 1437-1445 San Marino Ave
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