Address
2428 W Valley Boulevard Alhambra, CA
Price
$ 1,596,000
Property Attributes
  • MLS#TR20231403
  • TypeCommercial
  • CountyLOS ANGELES
  • CityAlhambra
  • AreaAlhambra
  • Zip91803
  • StyleRetail
  • Price$ 1,596,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage6050
  • Lot Size6,174 SqFt
Listing Provided Courtesy Of:
Fan Zhang with RE/MAX Universal Realty - 626-250-9202
Data Source:
California Regional MLS (CRMLS)
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.

Price History
11/3/2020 Listed $16,888,000
11/3/2020 90% - $1,688,800
3/9/2021 2% - $1,658,800
4/23/2021 5% - $1,588,000

General Features

Heating Radiant
Listing Agent Fan Zhang - BRE#02027642
Listing Agent State License 02027642
Lot Size Square Feet 6174
MLS Area 601 - Alhambra
Property Sub Type Additional Retail
Property SubType Retail
Property Type Commercial Sale
Special Listing Conditions Standard
Status Active
Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange
Zoning CPD

Interior Features

Heating Y/N Yes
Laundry Features None

Exterior Features

Lot Features No Landscaping
Lot Size Acres 0.14
Lot Size Area 6174
Lot Size Source Assessor
Lot Size Units Square Feet
Number of Buildings 1
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 91803

Price
AVG $400K
$1.6M
Visits
AVG 105
272
Year Built
AVG 1978
1952
Walkscore
AVG 75
73
Data Provided by Walkscore ® not using MLS data

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