Alhambra Commercial Investment
For Sale
$1,850,000
2428 W Valley Boulevard, Alhambra, CA 91803
Fully occupied commercial property in Alhambra with strong income potential.
Property Size6,050 SF
Days on Market468
Property Features for 2428 W Valley Boulevard
General Information
Standard status
Active
Size
6,050 SF
Property subtype
Retail
Building Details
Building Size
6,050 SF
Year Built
1952
Listing Agency:
RE/MAX Galaxy
(909) 525-2996
Listed By:
Chuqi Liu · License #02074354
Source:
Archetyperealty
Added: May 13, 2025
Changed: Aug 23
Last Checked: Aug 22 at 10:23AM
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 RE/MAX Galaxy
Investment Insights
Based on property information with market context.
This fully occupied commercial property presents an investment opportunity in Alhambra. Situated in a commercial corridor near Monterey Park, the property benefits from proximity to freeways I-10 and I-710, public transportation, and various retail, dining, and service businesses. All units are 100% leased, with tenants paying rates close to current market rent. The property features a new roof and a new AC system. The location offers street exposure and ample parking, attracting long-term tenants.
Key Highlights
- Fully occupied commercial property providing stable income.
- Prime location in a thriving commercial corridor near Monterey Park.
- Close proximity to major freeways (I‑10 & I‑710) and public transportation.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$133,854
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,677,080
$2.7M
Cap Rate 7%
$1,912,200
$1.9M
Cap Rate 9%
$1,487,267
$1.5M
Market Conditions
NOI Build-Up for 6,050 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$204.7K $33.84/SF
− Vacancy
−$13.5K −$2.23/SF
EGI
$191.2K $31.61/SF
− OpEx
−$57.4K −$9.48/SF
NOI
$133.9K $22.12/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,677,080
Cap Rate 7%
$1,912,200
Cap Rate 9%
$1,487,267
Alternative Uses
Best Use
Retail
$1.91M
$1.67M – $2.23M
NOI $133,854 @ 7.0% cap · market cap 7.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.24M
$2.83M – $3.78M
NOI $226,740 @ 7.0% cap · market cap 12.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,186
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 91803, CA
29,374
Population
10,439
Households
2.8
Avg Household Size
42
Median Age
37%
College-Educated
80%
High-School Grad
3.3 sq mi
ZIP Area
8,901
Density / Sq Mi
$84,537
Median Household Income
$47,579
Median Earnings
$1,790
Median Rent
$831,800
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Flower Delivery Alhambra
- Calrose Florist & Gifts — 1938 W Valley Blvd, Alhambra, CA 91803
- Albertsons Floral — 2400 W Commonwealth Ave, Alhambra, CA 91803
Frequently Asked Questions
What type of property is this?
Storefront property - Fully occupied commercial property in Alhambra with strong income potential.
Where is this storefront property located?
The property is located at 2428 W Valley Boulevard Alhambra, CA.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Fully occupied commercial property providing stable income.; Prime location in a thriving commercial corridor near Monterey Park.; Close proximity to major freeways (I‑10 & I‑710) and public transportation.
