Kidder Mathews is the Exclusive Listing Agent for this mixed-use four-story building situated in the heart of Alhambra. This opportunity is REO building which is currently completely vacant, the foreclosed Borrower submitted plans to convert into 100% affordable housing using AB 2334. The subject property is approximately 36,241 gross square feet and does not include the including two basements (4,029 SF) with 8.5 foot ceilings. One of the basements is directly under the former Karaoke Bar (2,385 SF Karaoke Basement). The Karaoke Bar was the anchor with approximately 5,255 total square feet with all of its street frontage along the entire perimeter of 3rd street. It also has a contiguous commercial kitchen with approximately 1,320 SF with parking lot access. The corner tenant was a restaurant of approximately 2,100 SF and it has a kitchen portion in the rear. This elbow end-cap space is turn-key ready with excellent foot traffic and exposure from the signalized corner of 3rd Street and Main Street. There could be up to 8 street retail store fronts, if the space is divided into smaller units with meter count and power to accommodate. The 2nd through 4th floors features similar L-shaped office suites serviced by two identical 2,750lb elevators with 16-person capacity. These floors have office intensive floor plans ranging from 21 to 24 suites on each floor. The building was constructed in 1926 which has been renovated several times and is situated on a 14,781 square foot parcel with a total of 245 feet linear street frontage. There is a rear 20 foot alley providing access to the building and its parking lot. The zoning is Commercial Planned Development (CPD) which allows a variety of uses retail, office and housing/hotel with a conditional use permit (CUP).