$1,800,000
$1,950,000
7.7%For more information regarding the value of a property, please contact us for a free consultation.
3,275 Sqft Lot
SOLD DATE : 08/17/2023
Key Details
Sold Price $1,800,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
MLS Listing ID WS23100884
Sold Date 08/17/23
HOA Y/N No
Year Built 1935
Lot Size 3,275 Sqft
Property Description
This is an absolutely rare opportunity to acquire a piece of art, one of the legendary and iconic building in the heart of the City of San Marino. This masterpiece is one of the prominent buildings designed by renowned USC architect, Theodore Pletsch. This 1935s built building sits on the most desirable lot in the city and at one time was the classic San Marino Tribune building for decades. The building is of 2,661 sq.ft. on a 3,277 sq.ft. lot. Currently it is tenant occupied on a month-to-month lease. The owner has spared no expense to upgrade this two story building. The first floor has a high ceiling and open floor plan that allows various uses including retail storefront and office. The second level is two private offices with generous natural light through the skylights and a remodeled bathroom with a walk-in shower. The best part of this building is the added value of a roof top deck which is, very seldom found in a boutique building. The roof top is of approximately 800 sq.ft. which is not included in the building’s useable square footage. However, it is an excellent venue for black tie events or twilight functions while enjoying the gorgeous city and mountain views. In early 2013, a 18-by-52-foot mural, handcrafted by muralist Brian Kenyon, was painted on the building’s east side wall to commemorate San Marino City’s centennial anniversary. The mural depicts the red wooden Pacific Electric No.1051 car, which was built the same year San Marino was found in 1913. To this day the mural of Red Car Mural is a much-appreciated and admired work of art in the City of San Marino. It is a tribute to the vision in the growth and development of the city and is one of the most popular photographed spots in the city. In addition, the location may qualify the business owner to utilize the highly sought-after San Marino School District. This one-of-a-kind masterpiece is a must see. This building will bring a pride of ownership for the new owner.
Location
State CA
County Los Angeles
Area 655 - San Marino
Interior
Heating Heat Pump, Zoned
Cooling Heat Pump, Zoned
Fireplace No
Laundry None
Exterior
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Roof Type Shingle,Tile
Total Parking Spaces 6
Building
Lot Description Near Public Transit
Story 2
Water Public
Others
Tax ID 5334005006
Security Features Fire Sprinkler System
Acceptable Financing Cash, Conventional, 1031 Exchange, Submit
Listing Terms Cash, Conventional, 1031 Exchange, Submit
Financing Cash
Special Listing Condition Standard
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Bought with Calvin Lo • Berkshire Hathaway HomeServices California Properties
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "