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 radius
The 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’s 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 façade. 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.
Property type
Multi-Family