222 Main StAlhambra, CA 91801

Property Details for 222 Main St

Year built

1921

Construction

TILT-UP CONCRETE

Lot size

0.08 AC

Property size (Sq ft)

1,250 SF

Zone code

ALCBD/DRD*

Property type

Retail space

APN

5344-024-005

APU

5344024005

Description

This exceptional retail property, located at 228 E Main St in Alhambra, Los Angeles County, presents a unique investment opportunity. The single-story, 7,800 square foot building sits on a 10,200 square foot lot and features five individual suites, with two currently available, ranging from 2,603 to 3,263 square feet. Constructed in 1945, the property is zoned ALCBD/DRD* and boasts a highly desirable location within a revitalized area. Nearby developments include Regency Plaza, Plaza on Main, Main Street Collection, Casita de Zen, Alhambra Place, and Alhambra Pacific Plaza, contributing to a thriving commercial environment. The property's exceptional walkability is underscored by a Walk Score of 93, ensuring high foot traffic and visibility for tenants. The property's address is 228 E Main St, with a cross street of Chapel Ave. The Assessor's Parcel Numbers (APN) are 5345-004-003 and 5345-004-002. This is an excellent opportunity to acquire a well-situated retail center in a rapidly growing area of Los Angeles County. The property offers significant potential for both immediate income generation and long-term appreciation. Contact us today to learn more about this exceptional investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $492,374

  6.5%

  $454,499

  7%

  $422,035

• Comparable approach

  Method

  Valuation

  Relative Method

  $596,510

  Geo Method

  $599,004

• Alternative Use

  Use

  Valuation

  Residential

  $383,387

  Hospitality

  $351,181

  Educational

  $292,178

  Medical

  $302,227

  Retail

  $454,499

Location Insight

City

Alhambra

County

Los Angeles

State

California

Latitude

34.0937

Longitude

-118.129

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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