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34508904
34508908

2 Locations For Sale

GO
CA CA Broker # 01778986
NAI Capital - Pasadena
TS
CA 01742766
NAI Capital Commercial, Inc
RZ
1404426, CA 01404426
NAI Capital Torrance
PA
CA 01049278
NAI Capital - South Bay
Listed by NAI Capital - Pasadena, NAI Capital Commercial, Inc, NAI Capital Torrance, NAI Capital - South Bay
$3,830,000
3 days on market
Updated 3 days ago

433 + 441 W Main St

Details
APN 5338-034-015, 5338-034-016
Property Type Mixed Use, Multifamily (+1)
Sub Type Apartment Building, Grocery Store (+3)
Square Footage 10,080
Units 7
Tenancy Multi
Price per SqFt $380
Buildings 2
Acreage 0.300
Zoning ALCPD
Investment Type Value Add
Ground Lease No

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

Listing Contacts

GO
CA CA Broker # 01778986
NAI Capital - Pasadena
TS
CA 01742766
NAI Capital Commercial, Inc
RZ
1404426, CA 01404426
NAI Capital Torrance
PA
CA 01049278
NAI Capital - South Bay
Listed by NAI Capital - Pasadena, NAI Capital Commercial, Inc, NAI Capital Torrance, NAI Capital - South Bay

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Additional Information

Name
Guillermo Olaiz
License
CA Broker # 01778986
Brokerage
NAI Capital Commercial, Inc.
Brokerage Phone
6262041531
Title
CA
Name
Tim Steuernol
License
01742766
Brokerage
Tim Steuernol
Title
Executive Vice President
Brokerage Address
970 West 190th Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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