Alhambra, CA 91803,2709 W Valley BLVD
$705,000
$795,000
11.3%
Est.Price: ?

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2,352 Sqft Lot

2709 W Valley BLVD Alhambra, CA 91803

Est. payment /mo
SOLD DATE : 03/13/2015

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Key Details

Sold Price $705,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CV14239563

Sold Date 03/13/15

HOA Y/N No

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

Interior

Fireplace No

Building

Lot Description 0-1 Unit/Acre

Water Private

Others

Tax ID 5351009022

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

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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Leo Chen

Agent | License ID: 01958853

+1(949) 238-2346

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