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Listing ID WS19108273
Price$6,980,000
SqFt 8,363
Status Active
County Los Angeles
Year Built 1956
Property Type Commercial Sale
Property Sub Type Retail
A rare find side by side double lots commercial property, located in one of the highest traffic counts signalized intersection in the heart of San Gabriel Valley. The sales price is for both lots. The property is extremely desirable for business owners, investors, and developers. Traffic signals on both Valley Blvd and Rosemead Blvd, the two arterial roads to connect surrounding cities, and freeway 10, 60, and 210. Overall daily traffic volume is 83,830 (2012 data). 8951-55 Valley Blvd has ±16,256 SF lot with a building of ±7,297 SF; 4017 Rosemead Blvd has ±7,089 SF lot with a building of ±1,066 SF. Two lots total are ± 23,345 sqft, frontage on Valley Blvd is ±130 feet, on Rosemead Blvd is ±180 feet. Zoned Central Business District, new building max. height can be 75 feet, ideal for various retail/office development. Currently has ± 8,363 sfqt retail space; 3 tenants in 8951-55 Valley Blvd -- 2 furniture stores and 1 crystal lighting store; 1 tenant in 4017 Rosemead Blvd -- a pets grooming store. All month to month tenancy, all tenants are renting in the far below market rates, pro forma could be $3/Month/SF. Demographics in 3 miles (median household income $57,131, college & up degrees 46%, white collar employment 59%). Located in Rosemead central commercial district, adjacent to Rosemead City Hall, library, and a community park; surrounding by banks, markets, restaurants, medical buildings, college, USPS, and many shops and services. Minutes away from Freeway 10 and 60.
© 2020. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Last updated Monday, May 25th, 2020.

Based on information from CARETS as of Monday, May 25th, 2020 03:42:29 AM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Listing courtesy of DORESA WANG, DRE #01523172 from TREELINE REALTY

Contact - Listing ID WS19108273

Brett Lawyer

250 N Canon Drive
Beverly Hills, CA 90210
Phone: 3108585402

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