433 + 441 W Main St
Mixed Use | 10,080 SqFt
Marketing description
NESTLED IN THE HEART OF ALHAMBRA'S VIBRANT COMMERCIAL CORRIDOR, 433 + 441 W Main St offers an incredible investment opportunity with a dynamic mix of thriving businesses and residential units. The property features a total of 7 units, including a bustling shopping market, a full liquor-licensed bar with a lively outdoor patio, a popular barber shop, and four well-maintained residential units—two 1-bedroom and two 2-bedroom apartments. The building has been meticulously managed and presents a solid foundation for future growth, with significant upside potential in increasing rents across both commercial and residential spaces.
The commercial spaces on the property are strategically positioned to benefit from the high foot traffic along one of Alhambra's busiest streets. The shopping market attracts a steady stream of customers, while the full liquor-licensed bar offers a lively atmosphere, enhanced by the outdoor patio that provides an inviting space for patrons. The barber shop has established itself as a neighborhood favorite, providing consistent business and contributing to the overall vibrancy of the property. These thriving commercial tenants help create a dynamic environment, making it an attractive location for future businesses and residents.
The property also offers four residential units, including two 1-bedroom and two 2-bedroom apartments, each providing comfortable living spaces in a highly desirable location. These well-maintained units are ideal for long-term tenants and present an excellent opportunity for rental income growth. With rents in Alhambra continuing to rise, there is clear potential to increase rental rates, maximizing the property's profitability. The combination of residential and commercial tenants offers a unique investment opportunity that capitalizes on both sectors of the rental market.
Situated on West Main Street, one of the most highly trafficked areas in Alhambra, this property enjoys exceptional visibility and accessibility. The bustling street offers a wide range of amenities, including dining, shopping, and entertainment options, all within close proximity. The property's location is perfect for attracting both commercial tenants and residential renters who want to be in the heart of the action, making it a highly sought-after location for investors looking for a prime piece of real estate with substantial growth potential.
Investment highlights
- Mixed-Use - (1) Barbershop, (1) Restaurant/Bar (available), (1) Market/Grocer and (4) Multifamily Units.
- Approximately 45% upside in rents with most of the units on month-to-month tenancy.
- Priced slightly above replacement cost.
- Available Bar and Grill with large outdoor patio space.
- Located on bustling Main St with excellent car and foot traffic and adjacent to public parking.
- Owner-user/Investment Opportunity
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