San Gabriel Valley Permanent Housing Convert 1749 W Valley Blvd 20 Unit Apartment Building $5,444,088 CAD ($272,204 CAD/Unit) Alhambra, CA 91803

THE PROPERTY IS AN OPPORTUNITY TO REPOSITION AN EXISTING HOTEL TO PERMANENT HOUSING.
LOCATION:
. 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.
THE OPPORTUNITY:
The City of Alhambra Planning Department has provided Preliminary Approval for converting 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 it from its current hotel use.
VACANT LOT:
Included is an approximate 6,000-square-foot vacant lot that was once a separate parcel. The potential may exist to add to the existing structure and add either additional units or offices to benefit the tenants.
ALL SHOWINGS OF THE PROPERTY ARE TO BE COORDINATED THROUGH THE LISTING AGENT. THE MANAGEMENT IS NOT TO BE DISTURBED!