555 Main StAlhambra, CA 91801

Property Details for 555 Main St

Year built

1939

Construction

WOOD

Lot size

0.59 AC

Property size (Sq ft)

15,635 SF

Zone code

ALCPD*

Property type

Investment properties

Property subtype

Retail residential properties

APN

5338-033-033

APU

5338033033

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $5,195,024

  6.5%

  $4,795,407

  7%

  $4,452,878

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,589,197

  Geo Method

  $4,608,385

• Alternative Use

  Use

  Valuation

  Residential

  $4,795,407

  Hospitality

  $4,392,567

  Educational

  $3,654,564

  Medical

  $3,780,250

  Retail

  $5,684,878

Location Insight

City

Alhambra

County

Los Angeles

State

California

Latitude

34.0925

Longitude

-118.133

CBSA code

31080

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].