History of San Marino
Originally owned by San Gabriel Mission and then transferred over to Victoria Bartolmea Reid, a Gabrieleña Indian. After the death of her husband, ownership of the land transferred to Don Benito Wilson, who later conveyed to this son-in-law, James DeBarth Shorb. Naming this land San Marino after the ancient Republic of San Marino in Italy.
San Marino is known for being one of the most expensive and exclusive neighborhoods in the nation, with many elaborate homes and institutions such as the Huntington Library and Gardens. The residential city is quiet compared to its metropolitan counterpart, and its tree-lined streets emphasize the peacefulness that San Marino encapsulates.
Economy
According to the data from the Census Bureau, the average housing income for San Marino lands at $152,527. There are a total of 2,335 businesses with a total of 5,451 employees estimated 2012. Total average housing unit value lands at $553,800.
| Household Income | Total Businesses | Employees | Average Housing Value |
|---|---|---|---|
| $152,527 | 2,335 (2012) | 5,451 | $1,550,100 |
Demographics
According to the 2010-2015 ACS, the median age for San Marino is at around 46 years. The majority population in San Marino is of Asian descent, making up 53.7% of the total population. 32.2% white, and 9.78% Latino.
| Total Population | Percent with College Degree or Above |
|---|---|
| 13,186 (estimated 2018) | 73.4% (2013-2017) |
| <5yr | <18yr | >65+yr |
|---|---|---|
| 4.2% | 24.3% | 20.4% |
Commercial Real Estate
San Marino offers plenty of opportunities for those looking to invest in commercial real estate. View some of the available listings that we are currently brokering, as well as previously sold properties.
Resources
Check out these free resources to help you manage your commercial real estate portfolio.
Glossary of Commercial Real Estate Terms
Free Commercial Property Valuation
