For Sale
$9,800,000

555 Main StAlhambra, CA 91801

High-cap rate, renovated building, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional mixed-use property, located at 555 W Main St, Alhambra, CA 91801, presents a compelling investment opportunity. The 15,635 square foot building, situated on a 25,769 square foot lot, boasts a strong 5.47% cap rate and a Net Operating Income (NOI) of $536,286. Currently 81.45% occupied by five tenants, including a Social Security Administration office under a new 20-year lease, this property offers significant long-term stability. Built in 1939 and extensively renovated in 2023, the single-story building features eight units and 26 parking spaces. The ALCPD* zoning allows for a variety of uses. The property's prime location at the intersection of Main St and Atlantic Blvd provides excellent visibility and accessibility, surrounded by government buildings, schools, shopping centers, and high-density residential areas, including Alhambra's auto row. The asking price is $9,800,000, translating to $626.80 per square foot. This is a NNN lease property with a ground lease in place. The APN is 5338033033. This investment offers a rare blend of secure income, prime location, and significant upside potential.

Highlights

  • Recently renovated space.
  • Long-term lease available.
  • Excellent location.
  • High ceilings.
  • Ample parking.
  • Close proximity to key businesses.

Property Details for 555 Main St

Property type
Office properties, Mixed-use properties
Square Feet
15,635 SF
Year Built/Renovated
1939/2023
Buildings
1
Stories
1
Units
8

Location Insight

City
Alhambra
County
Los Angeles
State
California
Latitude
34.092231312062
Longitude
-118.13327238252
555 Main St, Alhambra, California

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555 Main St
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