The Growth Investment Group is proud to present the CRESTMONT, a rare pride-of-ownership two-story office building in an irreplaceable location in the City of San Marino. This investment offering provides an extremely unique and rare opportunity to purchase in a High-End location in downtown San Marino on a HARD CORNER of historic Mission Street and Los Robles Ave, which provides two sides of frontage and great visibility from a highly affluent demographic.
The property is approximately 16,907 square feet situated on 11,921 square feet of land and was built in 1980. The Property is zoned SOC1 which is to be used as a commercial office building. There are 17 units in total which consist of: 6 professional offices, 9 executive suites, and 2 cell phone towers, which provide great professional spaces for businesses. The subterranean parking lot provides 40 gated and covered parking spaces and is ADA compliant. Other amenities include: an elevator, fire sprinklers, HVAC system, and an attractive lounge area.
The property is centrally located in an exceptional area that is easily accessible to many areas of the San Gabriel Valley. It has convenient access to 110 FWY, 210 FWY, 10 FWY and only 1.2 miles away from the Gold Line (South Pasadena Station), making it easy to commute to other cities in the San Gabriel Valley and Los Angeles county.
The property is located in an extremely amenity rich area. It is only blocks away from shopping centers, grocery stores, restaurants, and entertainment. Some of the main nearby attractions include: The Huntington Library, El Molino Viejo (commonly known as “The Old Mill”), The Langham-Huntington, Rose Bowl, Norton Simon Museum, California Institute of Technology, Pasadena Civic Auditorium, Old Town Pasadena, and many more. The abundance in amenities provides locals a very convenient and upscale lifestyle. The property is also located in close proximity to the Fair Oaks Corridor in South Pasadena, which feature specialty boutiques and well-known restaurants locals love to visit.
The property is located in a highly affluent and upscale community in the San Gabriel Valley. In 2014, Forbes Magazine ranked the city as 48th most expensive area to live in the United States. LA Weekly ranked San Marino as the 3rd most expensive area to live in the Los Angeles County and in 2017, Bloomberg ranked the city #78 in the country with the 2015 Average Household Income of $207,276.