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2401 W Main StreetAlhambra, CA 91801Price: $3,999,000

  • Price: $3,999,000
  • 100 Days on Market
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Federal 30-year interest rate: 2.78% last updated on Jul 22, 2021
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  • $3,999,000List Price

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Listed by Gary Ahlfeldt of Gary Ahlfeldt, Broker
Offered is this mixed-use apartment/retail investment property in the City of Alhambra, CA consisting of three retail spaces and eight second floor residential units. The property can be delivered 100% vacant which provides ultimate flexibility to set rental rates or use it as an owner user. Located on the corner of Primrose & Main Street within walking distance to retail, eateries, entertainment and financial institutions. Nearby tenants include Target, Costco Wholesale, Aldi, Joann Fabrics, and many others. It is also minutes away from Downtown Alhambra on Main St and Garfield Ave. It has an excellent demographics with household income within a 1-mile radius in excess of $100,000.00. The property is a large two-story building totaling 10,000+/- SqFT of building situated on a 6,140 SqFT lot. Constructed in 1925 with Alhambra's CPD (Commercial Planned Development) zoning. The ground floor is divided into three retail units and leased to long-term tenants that are currently month to month. Second floor offers eight high ceiling apartment units that are presently vacant, being marketed for lease. The property has been upgraded recently with many capital improvements, such as new exterior painting and new facade. Second floor apartment units have been upgraded. Featuring an efficient unit mix of two large 1bed+1bath and six spacious Studio units.

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 "Based on information submitted to CA_CRMLS as of July 15, 2021 5:56 PM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing."

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