Alhambra, CA 91803,2709 W Valley BLVD
$705,000
Est. payment /mo
Est.Price: ?

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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

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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California Regional MLS (CRMLS)
Listed by JEFF LIN • MARCUS & MILLICHAP
Bought with General NONMEMBER • CRMLS

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Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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