$1,500,000
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6,172 Sqft Lot
SOLD DATE : 06/08/2022
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID TR20231403
Sold Date 06/08/22
HOA Y/N No
Year Built 1952
Lot Size 6,172 Sqft
Property Sub-Type Retail
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.
Location
State CA
County Los Angeles
Area 601 - Alhambra
Zoning CPD
Interior
Heating Radiant
Fireplace No
Laundry None
Building
Lot Description No Landscaping
Story 2
Water Public
Others
Tax ID 5355008010
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Chuqi Liu RE/MAX Universal Realty
johnherkenrath@epiquerealty.com
<a href="https://maps.app.goo.gl/pirboN7SMpBm6tb18" target="_blank">3435 E Thousand Oaks Blvd #6354, Westlake Village CA 91359 </a>