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2428 W Valley Boulevard

Alhambra, CA 91803
  • $1,598,000
  • STATUS: Active
  • ON SITE: 396 Days
  • ID#: TR20231403
UPDATED: 64 min ago
$1,598,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,050
    SQFT
  • $264
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1952
County:

School Ratings & Info

Listing Agent: Fan Zhang of Re/Max Universal Realty


Description

RARE OPPORTUNITY, Retail/Office Building sits in the prime location in the city of Alhambra. The project is located right next to one of the busiest intersection in Alhambra. CPD Zoning (COMMERCIAL PLANNED DEVELOPMENT) that can accommodate most of the retail business, also with potential for alternation/residential use. The property is currently fully occupied with potential to increase its pro-forma cap rate to 6.5% based on current market rate during COVID. The project offers a great 66' width off valley blvd, with steady growth of population to sustain future demand. Don't miss this opportunity to own this project today.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-04T07:31:41.223. 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 Fox Real Estate Team | HomeSmart Realty West. Licensed in the State of California, USA.
www.thefoxfactor.com/homes/111558700
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2428 W Valley Boulevard Alhambra, CA 91803

  • Price: $1,598,000
  • Status: Active
  • On Site: 396 Days
  • Updated: 64 min ago
  • ID#: TR20231403
0
Beds
0
Baths
0
½ Baths
0.14
Acres
6,050
SQFT
$264
$/SQFT
1952
Built
Neighborhood:
601 - Alhambra
County:
Los Angeles
Area:
601 - Alhambra
Property Description
RARE OPPORTUNITY, Retail/Office Building sits in the prime location in the city of Alhambra. The project is located right next to one of the busiest intersection in Alhambra. CPD Zoning (COMMERCIAL PLANNED DEVELOPMENT) that can accommodate most of the retail business, also with potential for alternation/residential use. The property is currently fully occupied with potential to increase its pro-forma cap rate to 6.5% based on current market rate during COVID. The project offers a great 66' width off valley blvd, with steady growth of population to sustain future demand. Don't miss this opportunity to own this project today.
Exterior Features

Lot Features No Landscaping

Interior Features

Heating Radiant Heating YN Yes

Property Features

Additional Parcels YN No Common Interest None Laundry Features None Listing Agreement Exclusive Right To Sell Listing Terms CashCash To Existing LoanCash To New LoanConventional1031 Exchange Number Of Units Leased 5 Property Sub Type Retail Special Listing Conditions Standard Water Source Public Zoning Cpd



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-04T07:31:41.223. 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 Fox Real Estate Team | HomeSmart Realty West. Licensed in the State of California, USA.
 
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Fox Real Estate Team | HomeSmart Realty West
300 Carlsbad Village Drive #217
Carlsbad CA, 92008
Listing Agent: Fan Zhang of Re/Max Universal Realty