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2401 W Main Street, Alhambra, CA 91801
1
bed
3
baths
10000
ft2
· 6140
ft2 lot
$4,198,000
$420 / ft2
Listing provided courtesy of Handoko Chen, GIG Real Estate Inc..
Source CRMLS.
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.
HOA
$0/month
On market
9 months
Year built
1925
Property type
Multi-Family
Parking
MLS
AR20143662
Price / Sq.Ft.
$420 / ft2
Status
Active
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Property Details
Interior Features & Layout
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
Interior Size
•   
Building Area Total: 10000.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Garage Spaces: 0.00
•   
Uncovered Spaces: 0.00
•   
Carport Spaces: 0.00
Building Info
•   
Building Area Units: Square Feet
•   
Stories Total: 2
•   
Num Stories: Two
•   
Year Built Source: Assessor
Lot Info
•   
Zoning: ALCPD*
•   
Lot Features: Lot 10000-19999 Sqft
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.1410
•   
Lot Size Area: 6140.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 11
Property Features
•   
Common Walls: 2+ Common Walls
Property Type
•   
Common Interest: Community Apartment
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 12
•   
Number Of Separate Gas Meters: 12
•   
Number Of Separate Water Meters: 1
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Assesments Information
•   
Assessments: Buyer to Verify
Listing Details, Costs & Financing Information
Financial Info
•   
Tenant Pays: Electricity, Gas
•   
Gross Operating Income: 0.00
•   
Water Sewer Expense: 0.00
•   
Fuel Expense: 0.00
•   
Trash Expense: 0.00
•   
New Taxes Expense: 0.00
•   
Insurance Expense: 0.00
•   
Professional Management Expense: 0.00
•   
Total Expenses: 0.00
•   
Gross Scheduled Income: 0.00
•   
Operating Expense: 0.00
•   
Rent Control Yn: 1
Tax/Assessment Info
•   
Gross Income: 0.00
Lease Info
•   
Net Operating Income: 0.00
Listing Info
•   
Status: Active
Other
•   
Electric Expense: 0.00
Multi Unit Information
Unit 2 Information
•   
Unit 2 Actual Rent: 0.00
•   
Unit 2 Total Units: 6
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Garage Spaces: 0.00
•   
Unit 2 Total Rent: 0.00
Unit 3 Information
•   
Unit 3 Actual Rent: 4100.00
•   
Unit 3 Total Units: 3
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Garage Spaces: 0.00
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 4100.00
Multi Unit Information
•   
Number Wall Ac: 11
•   
# Of Units: 3
•   
Number With Disposal: 8
•   
Number With Range: 8
•   
Price Per Unit: 382000
Unit 1 Information
•   
Unit 1 Bedrooms: 1
•   
Unit 1 Total Units: 2
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 0.00
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 0.00
•   
Unit 1 Total Rent: 0.00
School Neighborhood & Directions
Location
•   
Community Features: Valley
•   
Directions: FWY 10 exit Atlantic, go north and make left on Main St, building on right side before Fremont Ave
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The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Apr 18, 2021 3:49pm
Neighborhood snapshot
53
Properties for sale
12
Median days on market
$470.83
Median sold price/sqft
101.83%
Sold/List %
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Property History
07/21/2020
07/21/2020
CRMLS #AR20143662
active
CRMLS #AR20143662
$4,198,000
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