216-222 E Valley Blvd - Storefront Retail/Residential FOR SALE


San Gabriel, CA 91776
$3,500,000 USD
714-922-5916
216-222 E Valley Blvd, San Gabriel, CA for Sale
$3,500,000 USD
Storefront Retail/Residential - FOR SALE
1/8
null | 3.67% Cap Rate

216-222 E Valley Blvd
San Gabriel, CA 91776


HIGHLIGHTS

  • Value-Add Opportunity to significantly boost cash flow by bringing the retail and residential units up to market rents. 5.5% Pro Forma Cap.
  • Ideal 1031 Exchange with a secure cash flow generated from a diversified income stream of retail and residential tenants with upside potential.
  • Prime Valley Blvd location in the Heart of the San Gabriel Valley. Signalized intersection with over 33,515 cars per day.
  • Robust Amenities in walking distance including Starbucks, 99 Ranch Market, Hawaii Supermarket, Sheraton Hotel, Hilton Hotel and tons of restaurants.
  • Affluent San Gabriel Demographics with 258,833 residents with an average household income of $112,390.
  • High Barriers to Entry/Tight Market Fundamentals within the trade area.

OVERVIEW

CBRE Investment Properties has been retained by Ownership as the exclusive marketing adviser for 216-222 E Valley Blvd in San Gabriel, Los Angeles County, CA (“the Property”). This 100% occupied, ±5,469 SF mixed-use property features an ideal combination of 4 retail units catering to the daily needs of dense residential population surrounding the property and 5 residential units (One, 3BR/2BA SFR; Two, 1BR/1BA Units and Two, 1BA Studios), creating a uniquely diversified income stream. The Property features a rent roll at well below market rents and offers investors the ability to significantly increase cash flow over time by bringing tenants up to market rents. With substantial new development in the surrounding area, 216-222 E Valley Blvd also offers a significant redevelopment opportunity in the future.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$667 USD /SF

CAP RATE

3.67%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1949

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,252 SF

ZONING

MU/T

APN/PARCEL ID

5370-011-003

ASK ABOUT THIS PROPERTY

Justin MarloweCBRE, Inc.More Info
714-922-5916

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Justin MarloweCBRE, Inc.More Info
714-922-5916

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.