Technical
Financial
Distress signals
Property profile

2990 Vly Blvd Alhambra, CA 91803

OFF-MARKET
Turn key restaurants
Property ID
US09-8722456
1,176 SF 0.26 ac lot Built 1967
Trust Owned 6-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a stabilized, multi-tenant QSR property located at 2970-2990 Valley Blvd., Alhambra, CA 91803. The property consists of two single-story buildings totaling 2,808 square feet, built in 1967, situated on a 18,286 square foot lot. Currently boasting 100% occupancy since January 1, 1994, the property features two tenants under a Net Net (NN) lease structure, generating a substantial Net Operating Income (NOI) of $108,000. This translates to an attractive cap rate of 4.32% and a price per square foot of $889.96, based on the asking price of $2,499,000. The property offers ample parking with 30 spaces available. The property is offered fee simple and is suitable for a 1031 exchange. Located in Los Angeles County, this prime Alhambra location provides excellent access and visibility. The property's APN is 5351-012-027 & 028. This is a rare opportunity to acquire a well-performing, established QSR investment with a strong history of consistent income.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1967
Construction TILT-UP CONCRETE
Total area 1,176 SF
Lot 0.26 ac (11,536 SF)
Zoning code ALCPD*
APN 5351-012-027
UPID US09-8722456

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Discount Store Party Supply Store
  • Restaurant

Location

2990 Vly Blvd Alhambra, CA 91803-1819
Alhambra metro Census 481901 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.18M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.30M
Blend (final) Blend
$2.06M

Owner & transaction history

since 2020
Last sale
$2.0M
5 recorded transactions
2020
$2.0M
2017
Price N/A
2017
Price N/A
2010
Price N/A
1968
Price N/A

Zoning & alternative use

ALCPD* · Alhambra, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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