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2647 Mission Street

San Marino, CA 91108
  • $5,495,000
  • STATUS: Active
  • ON SITE: 52 Days
  • ID#: SB21224209
UPDATED: 80 min ago
$5,495,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1927
County:

School Ratings & Info

Listing provided courtesy of Jim Menton of The Realestate Group

Description

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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-02T12:25:26.22. 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 deemed reliable but is not guaranteed accurate by the MLS or RGA Homes | Coldwell Banker Realty. Licensed in the State of California, USA.
www.rgahomes.com/homes/122260509
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2647 Mission Street San Marino, CA 91108

  • Price: $5,495,000
  • Status: Active
  • On Site: 52 Days
  • Updated: 80 min ago
  • ID#: SB21224209
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1927
Built
Neighborhood:
655 - San Marino
County:
Los Angeles
Area:
655 - San Marino
Property Description
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.
Exterior Features

Lot Features 0-1 Unit/Acre

Property Features

Additional Parcels YN No Anchors Co Tenants 1 Building Name Julienne Business Type Restaurant Common Interest None Current Financing None Gross Scheduled Income 207860 Land Lease YN No Laundry Features None Listing Agreement Exclusive Right To Sell Listing Terms CashCash To New Loan1031 Exchange Net Operating Income 207860 Number Of Units Leased 1 Property Sub Type Retail Special Listing Conditions Standard Utilities Electricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Water Source Public Zoning Soc



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-02T12:25:26.22. 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 deemed reliable but is not guaranteed accurate by the MLS or RGA Homes | Coldwell Banker Realty. Licensed in the State of California, USA.
 
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RGA Homes | Coldwell Banker Realty
3790 Via De La Valle Suite 301
Del Mar CA, 92014
Listing provided courtesy of Jim Menton of The Realestate Group