Alhambra, CA 91801,Address not disclosed
$569,000
Est. payment /mo
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

6,969 Sqft Lot
SOLD DATE : 09/04/2014

Key Details

Sold Price $569,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CC334741

Year Built 1941

Lot Size 6,969 Sqft

Property Description

Free Standing Building with Parking, Corner Lot! Steady income from very busy single tenant, Genovese`s Italian Cafe, who has been in this same location for over 30 years. Very functional, well maintained restaurant, recently remodeled to ADA Compliance. Has 2 restrooms, kitchen w/ work station, dining area inside has 8 tables, outside patio has 7 tables. 11 on site parking at back of building plus plenty of street parking. Rent income is $3,388/month w/ 3% annual increase modified gross, about 5.28% cap rate. Tenant has 5 year lease.. Comments Title: Free Standing Corner Restaurant Income Property.

Location

State CA

County Los Angeles

Area 601 - Alhambra

Building

Story 1

Others

Special Listing Condition Standard

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


California Regional MLS (CRMLS)
Listed by Tommy Thai • Coldwell Banker George
Bought with Tommy Thai • Coldwell Banker George

GET MORE INFORMATION

Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

Name

Phone*

Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.