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Key Details
Sold Price $705,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV14239563
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
Building
Lot Description 0-1 Unit/Acre
Water Private
Others
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
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Bought with General NONMEMBER • CRMLS
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Paul Ward
Broker Associate | License ID: 01354001
Broker Associate License ID: 01354001
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