Alhambra, CA 91803,2709 W Valley BLVD

$705,000

$795,000

11.3%
Est.Price: ?

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Est. payment /mo

2,500 SqFt


SOLD DATE : 03/13/2015

Key Details

Sold Price $705,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

Square Footage 2,500 sqft

Price per Sqft $282

MLS Listing ID CV14239563

Sold Date 03/13/15

HOA Y/N No

Year Built 1949

Lot Size 2,352 Sqft

Acres 0.054

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 Item01UnitAcre

Water Private

Others

Tax ID 5351009022

Acceptable Financing CashtoNewLoan

Listing Terms CashtoNewLoan

Financing Cash

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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4040 Barranca Pkwy Suite 150, Irvine, CA, 92604

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