Alhambra, CA 91801,Address not disclosed

$569,000

Est. payment /mo

$600,000

5.2%
Est.Price: ?

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Address not disclosed Alhambra, CA 91801

6,969 Sqft Lot

SOLD DATE : 09/04/2014

Key Details

Sold Price $569,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CC334741

Sold Date 09/04/14

HOA Y/N No

Year Built 1941

Lot Size 6,969 Sqft

Property Description

Free Standing Building with Parking, Corner Lot! Steady income from very busy single tenant, Genovese`s Italian Cafe, who has been in this same location for over 30 years. Very functional, well maintained restaurant, recently remodeled to ADA Compliance. Has 2 restrooms, kitchen w/ work station, dining area inside has 8 tables, outside patio has 7 tables. 11 on site parking at back of building plus plenty of street parking. Rent income is $3,388/month w/ 3% annual increase modified gross, about 5.28% cap rate. Tenant has 5 year lease.. Comments Title: Free Standing Corner Restaurant Income Property.

Location

State CA

County Los Angeles

Area 601 - Alhambra

Interior

Fireplace No

Building

Story 1

Others

Tax ID 5292017004

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Tommy Thai • Coldwell Banker George
Bought with Tommy Thai • Coldwell Banker George

Andrew Rhoda

Agent | License ID: 01879250

+1(310) 295-7596

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