Bought with Chuqi Liu • RE/MAX Galaxy
$1,510,000
$1,500,000
0.7%For more information regarding the value of a property, please contact us for a free consultation.
6,050 SqFt
SOLD DATE : 06/08/2022
Key Details
Sold Price $1,510,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 6,050 sqft
Price per Sqft $249
MLS Listing ID CRTR20231403
Sold Date 06/08/22
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1952
Lot Size 6,174 Sqft
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
Interior
Heating Radiant
Fireplace No
Building
Water Public
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