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

Mixed-use properties

Property subtype

Other investment 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

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