2970-2990 W Valley Blvd
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2970-2990 W Valley Blvd
2 Retail Properties Offered at $2,499,000 in Alhambra, CA
Investment Highlights
- Average Daily Traffic Count is 40,000+/-
- Easy access to freeways 10 & 710.
Executive Summary
2 Free standing buildings on 7 Combined lots with 2 APNs.
Signalized corner of Valley Blvd. and Cabrillo Ave. Easy access to freeways 10 & 710.
+/- 40,000 daily traffic count. The location has high visibility, pylon, businesses signs.
Aloha Hawaiian Restaurant is located at 2990 Valley Blvd.
The rent is $4,500 / Mo. No Lease. Tenant month to month.
Operating at this location since 1994.
Ernie’s Burger - Restaurant is located at 2970 W. Valley Blvd.
The rent is $4,500 / Mo. Lease is for 5 years starting January 1, 2023.
Operating at this location since 2000 and before under different business names. Landlord has the right to cancel the lease after 3rd Year.
Tenants pay for all utilities, maintenance, cleaning, trash, business insurance and glass plate insurance.
Landlord pays real property taxes & buildings insurance.
Seller’s will conduct an IRS 1031 Tax Delay Exchange with NO cost to Buyer.
Signalized corner of Valley Blvd. and Cabrillo Ave. Easy access to freeways 10 & 710.
+/- 40,000 daily traffic count. The location has high visibility, pylon, businesses signs.
Aloha Hawaiian Restaurant is located at 2990 Valley Blvd.
The rent is $4,500 / Mo. No Lease. Tenant month to month.
Operating at this location since 1994.
Ernie’s Burger - Restaurant is located at 2970 W. Valley Blvd.
The rent is $4,500 / Mo. Lease is for 5 years starting January 1, 2023.
Operating at this location since 2000 and before under different business names. Landlord has the right to cancel the lease after 3rd Year.
Tenants pay for all utilities, maintenance, cleaning, trash, business insurance and glass plate insurance.
Landlord pays real property taxes & buildings insurance.
Seller’s will conduct an IRS 1031 Tax Delay Exchange with NO cost to Buyer.
Property Facts
| Price | $2,499,000 | Number of Properties | 2 |
| Price / SF | $889.96 / SF | Individually For Sale | 0 |
| Sale Conditions | 1031 Exchange | Total Building Size | 2,808 SF |
| Sale Type | Investment | Total Land Area | 0.41 AC |
| Status | Active |
| Price | $2,499,000 |
| Price / SF | $889.96 / SF |
| Sale Conditions | 1031 Exchange |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 2,808 SF |
| Total Land Area | 0.41 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 2990 W Valley Blvd, Alhambra, CA 91803 | Retail | 1,176 SF | 1967 | - |
| 2970 W Valley Blvd, Alhambra, CA 91803 | Retail | 1,632 SF | 1967 | - |
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Roobik Ovanesian, GC, CCIM -
Cranbrook Realty Corp.
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2970-2990 W Valley Blvd
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