$705,000
$795,000
11.3%For more information regarding the value of a property, please contact us for a free consultation.
2,352 Sqft Lot
SOLD DATE : 03/13/2015
Key Details
Sold Price $705,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV14239563
Sold Date 03/13/15
HOA Y/N No
Year Built 1949
Lot Size 2,352 Sqft
Property Description
The subject property consists of one building situated on a 0.05 acre parcel on Valley Boulevard, a
major artery in Alhambra close to Interstate 710 and 10 in the San Gabriel Valley. It is less than a mile
from both interstates and a short distance to Pasadena and downtown Los Angeles. The offering is located across from a
motel and neighborhood shopping center and is also half a block from CVS Pharmacy and Jack In-The-Box.
The subject property consists a retail storefront with a 2-bedroom/1-bathroom residential unit upstairs. The mix of both
retail and residential space allows for a great cashflow hedge against inflation and vacancy. Nearly a half of a million dollars
was spent to remodel the building. The renovations include a redesigned exterior and interior with hardwood floors in the
apartment unit, granite countertops and a handicap accessible restroom downstairs in the retail storefront.
This retail/residential building will provide steady cashflow even during an economic downturn. There are multiple retail and
office uses, such as an attorney's office, accountant's office or a merchandise retailer. The subject property has great visibility
together with strong demographics as well as great traffic counts in a prime Alhambra location.
Location
State CA
County Los Angeles
Area 601 - Alhambra
Interior
Fireplace No
Building
Lot Description 0-1 Unit/Acre
Water Private
Others
Tax ID 5351009022
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash
Special Listing Condition Standard
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