505 S Atlantic Boulevard, Alhambra, CA 91801

$1,250,000

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List Price
$1,250,000
Status
ACTIVE
MLS#
AR26119586
Year Built
1975
Lot Size
8,342
Acres
0.19
Lot Location
0-1 Unit/Acre
Days on Market
55
Property Type
Commercial
Property Sub Type
Retail

Property Description

LOCATION!! LOCATION!! A fully leased strip center located at a busy signal controlled corner of two major thoroughfares, Atlantic Blvd/Mission Road, in the growing City of Alhambra, with daily traffic of more than 48,000 cars per day. This center features 3 retail units, plus a garage/storage space for approx. 2,800 SF with actual annual income of $76,200. According to City Planning Division, there's no minimum parking requirement for businesses of this center. This rare to find property is great for investment and owner user. Seller has completed environmental phase 1 & 11 report, and CASp inspection. Don't miss the opportunity to own this great turn key investment. Seller reserves the right for a 1031 Tax deferred exchange with No cost to buyer.

Additional Information

Cooling
Yes
Cooling Description
Central Air
Water
Public
Attached Structure
Detached
Number Of Units Total
3
Gross Scheduled Income
$76,200
Operating Expense
23485

Listing courtesy of Listing Agent: Connie Hsu (Hsu_Connie@hotmail.com) from Listing Office: Coldwell Banker New Century.

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.