2990 Valley BlvdAlhambra, CA 91803

Property Details for 2990 Valley Blvd

Year built

1967

Construction

TILT-UP CONCRETE

Lot size

0.26 AC

Property size (Sq ft)

1,176 SF

Zone code

ALCPD*

Property type

Retail properties

Property subtype

Turn key restaurants

APN

5351-012-027

APU

5351012027

Description

This exceptional investment opportunity presents a stabilized, multi-tenant QSR property located at 2970-2990 Valley Blvd., Alhambra, CA 91803. The property consists of two single-story buildings totaling 2,808 square feet, built in 1967, situated on a 18,286 square foot lot. Currently boasting 100% occupancy since January 1, 1994, the property features two tenants under a Net Net (NN) lease structure, generating a substantial Net Operating Income (NOI) of $108,000. This translates to an attractive cap rate of 4.32% and a price per square foot of $889.96, based on the asking price of $2,499,000. The property offers ample parking with 30 spaces available. The property is offered fee simple and is suitable for a 1031 exchange. Located in Los Angeles County, this prime Alhambra location provides excellent access and visibility. The property's APN is 5351-012-027 & 028. This is a rare opportunity to acquire a well-performing, established QSR investment with a strong history of consistent income.

• CAP approach

  CAP return

  Valuation

  6%

  $463,226

  6.5%

  $427,593

  7%

  $397,051

• Comparable approach

  Method

  Valuation

  Relative Method

  $561,196

  Geo Method

  $563,543

• Alternative Use

  Use

  Valuation

  Residential

  $360,691

  Hospitality

  $330,391

  Educational

  $274,881

  Medical

  $284,335

  Retail

  $427,593

Location Insight

City

Alhambra

County

Los Angeles

State

California

Latitude

34.0762

Longitude

-118.158

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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