Building Details

Year Built 1948

Listing Agency: ANTHONY VENTI REALTORS

Listed By: MARK PAULSON · License #00548003 Show Phone

Source: Myfabuloushome

Added: Jul 21 Changed: Oct 3 Last Checked: Oct 7 at 1:39PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ANTHONY VENTI REALTORS

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Investment Insights

Based on property information with market context.

This property is a warehouse facility with office and/or showroom space. The building is constructed with tilt-up and concrete elements and includes both rooftop and surface parking. Public remarks indicate the property is in need of major repairs due to water intrusion.

The property is located on East Main Street in Alhambra, California.

The overall configuration combines a large warehouse area with adaptable interior space for office or showroom use, supported by the on-site parking areas described in the remarks.

Key Highlights

• Tilt‑up warehouse space with offices or showroom
• Rooftop and surface parking included
• Building requires major repairs due to water intrusion

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$57,903

Cap Rate

5.91%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,158,060 $1.2M

Cap Rate 7%

$827,186 $827.2K

Cap Rate 9%

$643,367 $643.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,450 SF

Gross rent

$71.6K $16.08/SF

− Vacancy

−$3.4K −$0.77/SF

EGI

$68.1K $15.31/SF

− OpEx

−$10.2K −$2.30/SF

NOI

$57.9K $13.01/SF

Area

Los Angeles County, CA

Vacancy

4.80%

Lease Rate

$16.08 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,158,060

Cap Rate 7%

$827,186

Cap Rate 9%

$643,367

Alternative Uses

Best Use

Warehouse

$827.2K

$723.8K – $965.1K (±1% cap)

NOI $57,903 @ 7.0% cap · market cap 5.91%

Second Best

Industrial

$742.9K

$650.0K – $866.7K (±1% cap)

NOI $52,003 @ 7.0% cap · market cap 5.31%

Theoretical Best

Office A

$2.38M

$2.08M – $2.78M (±1% cap)

NOI $166,776 @ 7.0% cap · market cap 17.02%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Tropical Reef Oasis Aquarium Alhambra Lock Locksmith

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Plumbing Service Carpet & Flooring Store Gym & Fitness Center Storage Facility Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,561

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 91801, CA

53,669

Population

21,702

Households

2.5

Avg Household Size

41

Median Age

41%

College-Educated

85%

High-School Grad

4.3 sq mi

ZIP Area

12,481

Density / Sq Mi

$85,549

Median Household Income

$47,855

Median Earnings

$1,879

Median Rent

$797,000

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Tilt-up warehouse space with offices or showroom, including rooftop and surface parking, but requires major repairs for water intrusion.

Where is this flex space located?

The property is located at 1117 E Main St Alhambra, CA.

What is the asking price?

The asking price for this property is $980,000.

What are key features of this property?

This property features: Tilt‑up warehouse space with offices or showroom; Rooftop and surface parking included; Building requires major repairs due to water intrusion