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    2401 W Main Street

    Alhambra, CA 91801
    • $4,198,000
    • STATUS: Active
    • ON SITE: 90 days
    • ID#: AR20143662
    UPDATED: 82 min ago
    $4,198,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 10,000
      SQFT
    • $420
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1925
    County:

    School Ratings & Info

    Description

    2401 W Main St is a mixed-use apartment/retail investment property in the City of Alhambra, CA. The property can be delivered 100% vacant (1 retail tenant lease expires Feb 2021) which provides ultimate flexibility to buyer that wants to set their own rental rates or use it as an owner user. The property is situated on Main Street just within walking distance to multiple power centers anchored by Target, Costco Wholesale, Aldi, Joann Fabrics, and other national/regional retailers. It is also within minutes away from Downtown Alhambra on Main St and Garfield Ave. It has an excellent demographics with $103,688 household income within a 1-mile radiusThe property is a large two-story building totaling +-10,000 SF building area and situated on a +-6,140 SF lot. It was built in 1925 with Alhambra+GGs CPD (Commercial Planned Development) zoning. The ground floor is split into 3 retail units and leased to long-time tenants that are month to month. 2nd floor unit has 8 high ceiling apartment units that are 100% vacant. Owner can deliver the building with 3 retail tenants or 100% vacant for new owner to use as an owner user building. The property has been upgraded recently with many capital improvements, such as new exterior painting and new fa+-ade. Almost all the 2nd floor apartment units have been upgraded. The 2nd floor apartments have efficient unit mix of two (2) large x 1bed+1bath and six (6) spacious Studio units.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-20T00:30:29.2. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

    www.therealestategirl.com/homes/108089459
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    2401 W Main Street Alhambra, CA 91801

    • Price: $4,198,000
    • Status: Active
    • Updated: 82 min ago
    • ID#: AR20143662
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    10,000
    SQFT
    $420
    $/SQFT
    1925
    Built
    Neighborhood:
    601 - Alhambra
    County:
    Los Angeles
    Area:
    601 - Alhambra
    Property Description
    2401 W Main St is a mixed-use apartment/retail investment property in the City of Alhambra, CA. The property can be delivered 100% vacant (1 retail tenant lease expires Feb 2021) which provides ultimate flexibility to buyer that wants to set their own rental rates or use it as an owner user. The property is situated on Main Street just within walking distance to multiple power centers anchored by Target, Costco Wholesale, Aldi, Joann Fabrics, and other national/regional retailers. It is also within minutes away from Downtown Alhambra on Main St and Garfield Ave. It has an excellent demographics with $103,688 household income within a 1-mile radiusThe property is a large two-story building totaling +-10,000 SF building area and situated on a +-6,140 SF lot. It was built in 1925 with Alhambra+GGs CPD (Commercial Planned Development) zoning. The ground floor is split into 3 retail units and leased to long-time tenants that are month to month. 2nd floor unit has 8 high ceiling apartment units that are 100% vacant. Owner can deliver the building with 3 retail tenants or 100% vacant for new owner to use as an owner user building. The property has been upgraded recently with many capital improvements, such as new exterior painting and new fa+-ade. Almost all the 2nd floor apartment units have been upgraded. The 2nd floor apartments have efficient unit mix of two (2) large x 1bed+1bath and six (6) spacious Studio units.
    Exterior Features

    Carport Spaces 0.00 Garage Spaces 0.00 Lot Features Lot 10000-19999 Sqft Lot Size Source Assessor Lot Size Units Square Feet Parking Features None Parking Total 0.00 Parking YN No Pool Features None Pool Private YN No Property Attached YN Yes Uncovered Spaces 0.00

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features None Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features Valley Country Us Current Financing Conventional Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 0.00 Gross Operating Income 0.00 Gross Scheduled Income 0.00 Insurance Expense 0.00 Land Lease YN No Laundry YN No Net Operating Income 0.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 12 Number Of Separate Gas Meters 12 Number Of Separate Water Meters 1 Number Wall AC 11 Number With Disposal 8 Number With Range 8 Operating Expense 0.00 Other Expense Description 0 Professional Management Expense 0.00 Property Sub Type Commercial/Residential Rent Control YN Yes Security Expense 0.00 Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Expenses 0.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Alcpd*

    Listing provided courtesy of Handoko Chen of Gig Real Estate Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-20T00:30:29.2. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

     
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