$5,300,000
$5,500,000
3.6%For more information regarding the value of a property, please contact us for a free consultation.
10,116 SqFt
SOLD DATE : 07/28/2021
Key Details
Sold Price $5,300,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 10,116 sqft
Price per Sqft $523
MLS Listing ID WS21057647
Sold Date 07/28/21
HOA Y/N No
Year Built 1955
Tax Year 2021
Lot Size 0.610 Acres
Acres 0.61
Property Description
• ± 10,116 SF Office/Retail Building
• ± 26,558 SF Site
• **Modified NNN Leased to Coldwell Banker Realty
• Credit Tenant: Realogy Holdings Corp. NYSE: RLGY
• Long Term Tenancy – Since 1989
• 6.4% Cap Rate with Credit Tenant
• City of San Marino
**New property owner to be responsible for $28,652 of property taxes.
EXCEPTIONAL SAN MARINO LOCATION
• Rare Opportunity to purchase a Retail/Office Investment in the Upscale city of San Marino
• Close Proximity to the Westfield Santa Anita Shopping Center (over 1.3M SF of Retail and dining) Methodist hospital, LA County Arboretum & Botanical Gardens, Huntington Library, & Santa Anita Golf Course
• Adjacent to Pasadena, South Pasadena
• Easy Access to 210 & 110 Freeways
OVERSIZED 26,558 SF OF CORNER LOT
• RARE SAN MARINO REDEVELOPMENT OPPORTUNITY
• 10,116 SF Freestanding Office/Retail Building Per Lease (Per county tax assessor, square footage is 9,198 SF)
• C1 Zoned lot (Zoning to be Verified by Buyer)
Location
State CA
County Los Angeles
Area 655 - San Marino
Zoning C1
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Fireplace No
Laundry None
Exterior
Total Parking Spaces 27
Building
Lot Description Corner Lot
Story 2
Water Public
Others
Tax ID 5328027006
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with KEVIN LUTZ • PASADENA MARKET CENTER