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Two-Building Restaurant Property
For Sale
$2,549,000

2970 2990 W VALLEY Boulevard W, Alhambra, CA 91803

Both freestanding buildings are occupied by fast-food restaurant businesses with long-term operating histories.

Property Size2,808 SF
Lot Size0.42 Acres
Price / SF$907.76
Days on Market83

Property Features for 2970 2990 W VALLEY Boulevard W

General Information

Standard status Active
Size 2,808 SF
Total Parking Spaces 30
Lot size 0.42 Acres
Property subtype Retail
Occupancy 100%

Site & Location

Neighborhood Shorb
Pylon Signage Yes
Highway Access Yes
Road Access Yes
Utilities to Site Yes

Additional Details

Tenant in Place Yes

Building Details

Building Size 2,808 SF
Year Built 1967
Buildings 2
Listing Agency: Hazar Chircorian
Listed By: Hazar Chircorian · License #01026461
Source: Brillarealestate
Added: Aug 6 Changed: Oct 26 Last Checked: Oct 26 at 12:28PM

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 Hazar Chircorian

Rey
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Investment Insights

Based on property information with market context.

Two separate freestanding restaurant buildings comprise this property. The building at 2970 W. Valley Blvd. contains approximately 1,632 square feet on a 6,750-square-foot lot; the 2990 W. Valley Blvd. building contains approximately 1,176 square feet on an 11,536-square-foot lot. The parcels are to remain combined, for approximately 18,286 square feet of land. Both locations are occupied by restaurant businesses, one operating since 2000 and the other since 1994.

The property occupies the signalized corner of Valley Boulevard and Cabrillo Avenue, with immediate access to freeways 10 and 710. On-site features include pylon and business signage, 28 regular parking spaces, 2 handicap spaces, and an alley approximately 20 feet wide. Tenants cover utilities, maintenance, trash disposal, cleaning, and gardening; the landlord pays real property tax and building insurance.

Key Highlights

  • Two freestanding restaurant buildings: approximately 1,632 SF and 1,176 SF
  • Combined lots total approximately 18,286 square feet; parcels must remain together
  • Signalized corner at Valley Boulevard and Cabrillo Avenue

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Ernie's Burgers Restaurant

Suggested Use

Top Pick Real Estate Agency Dental Office Spa & Massage Center Law Firm Hair Salon Nail Salon

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

Lease Details

100%
Occupancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,072
Businesses Nearby
Under-served
Demand for This Use

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Both freestanding buildings are occupied by fast-food restaurant businesses with long-term operating histories.
Where is this conventional restaurant located?
The property is located at 2970 2990 W VALLEY Boulevard W Alhambra, CA.
What is the asking price?
The asking price for this property is $2,549,000.
What are key features of this property?
This property features: Two freestanding restaurant buildings: approximately 1,632 SF and 1,176 SF; Combined lots total approximately 18,286 square feet; parcels must remain together; Signalized corner at Valley Boulevard and Cabrillo Avenue
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