Condominium buy in San Marino California

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. MLS® ID: SB21224209 Listed: 10/9/21 Updated: 10/14/22 Interior Features Total Bedrooms: 0 Total Bathrooms: 0 Laundry Description: None Exterior/Building Features Lot Size: 6,012 ft2 lot Lot Details: 0-1 Unit/Acre Other Property Details Area Name: 655 - San Marino Garage: No Parking: N View: N County: Los Angeles Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected Water Source: Public Pool: No Total Stories: 1 Zoning: SOC Property History Date Event Price Value 9/7/22 Price Change $5,200,000 -3% 7/29/22 Price Change $5,395,000 -1% Courtesy of The Realestate Group, Jim Menton, Listing Contact: Based on information from California Regional Multiple Listing Service, Inc. as of 10/14/22. 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 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.