Affordable/Senior Housing

Highlights:

• - 6,789 SF of Current Building
• - 19 units that include a Managers Unit
• Vacant 6,000 Square Foot Lot is Included
• - Built-in 1957 and well maintained by the Seller
• - Zoned ALCPD for development flexibility
• - Prime location on- Valley Blvd with excellent Street Exposure and close Proximity to the 710 Freeway

Description:

The City of Alhambra Planning Department has provided Preliminary Approval for the conversion of the Property to Permanent Housing. In addition, an approximate 6,000-square-foot lot is included in the sale. Though currently on one parcel, the vacant lot in the past was a separate parcel per the Seller. The property is an opportunity for a buyer to convert the property to permanent housing, potentially adding to the property by developing the vacant lot and transitioning the property from its current hotel use.

Nestled in the western San Gabriel Valley, The city of Alhambra, with convenient access to shopping centers, medical facilities, and public transportation, is located approximately 8 miles east of downtown Los Angeles. The property is Situated on West Valley Blvd just east of the 710 Freeway with an off-ramp on Valley Blvd. The cities of San Gabriel, Arcadia, Rosemead, and Monterey Park, are near Alhambra. Near the property are McDonald's, Wendy's, and Home Depot.

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