222 Main StAlhambra, CA 91801

  • Retail properties
  • 1,250 SF
For Lease
$18/SF/YR View listing

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 properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
222 Main St, Alhambra, California

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$11,340
$702,774
$170,672
$873,446
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FAQs

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