2647 Mission Street, San Marino, CA 91108 | SB21224209 | Vista Sotheby’s International Realty

2647 Mission Street $5,495,000

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    2647 Mission Street San Marino, CA 91108

    • 4,500 sq. ft.
    • 0.14 Acres
    • Commercial Sale
    • MLS# SB21224209
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    Views: 19 Days On Market: 261

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    Property Details

    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.

    • General Features
      • Buyer Compensation 1.500 %
      • County Or Parish Los Angeles
      • Number Of Buildings 1
      • Number Of Units Leased 1
      • YearBuilt 1927
    • Building Features
      • Laundry Features None
    • Property Features
      • Lot Features 0-1 Unit/Acre
      • Lot Size Acres 0.13
      • Lot Size Dimensions 60 x 100

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    Neighborhood

    91108 (San Marino) Demographics

    46 Median Age
    3,451 Population Density (per sq. mile)
    81% College Educated
    $163,654 Estimated Median Income
    3,483 Estimated Total Home Owners
    625 Estimated Total Renters
    85% / 15% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    13,175 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $3,080,000 Median Sales Price
    8 Homes Sold
    18 New On Market

    Average Days on Market

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $5,495,000
        10/10/2021 3:47:00 PM New in Database Source: Multiple Listing Service New Value: $5,495,000

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        Based on information from California Regional Multiple Listing Service, Inc. as of 6/28/2022 6:16:58 AM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.