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    8951 Valley Boulevard

    Rosemead, CA 91770
    • $6,980,000
    • STATUS: Active
    • ON SITE: 573 days
    • ID#: WS19108273
    UPDATED: 72 min ago
    $6,980,000
    • 0
      BEDS
    • 0.54
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,363
      SQFT
    • $835
      $/SQFT
    Type:
    Commercial
    Built:
    1956
    County:

    School Ratings & Info

    Description

    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.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-12-04T11:27:31.037. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Results Group | Berkshire Hathaway HomeServices California Realty. Licensed in the State of California, USA.

    www.redlandsland.com/homes/94664865
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    8951 Valley Boulevard Rosemead, CA 91770

    • Price: $6,980,000
    • Status: Active
    • Updated: 72 min ago
    • ID#: WS19108273
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.54
    Acres
    8,363
    SQFT
    $835
    $/SQFT
    1956
    Built
    Neighborhood:
    651 - Rosemead/S. San Gabriel
    County:
    Los Angeles
    Area:
    651 - Rosemead/S. San Gabriel
    Property Description
    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.
    Exterior Features

    Lot Features Corner LotLot 20000-39999 SqftLevel Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Laundry Features None

    Property Features

    Additional Parcels Description 5391012039 Additional Parcels YN Yes Building Area Units Square Feet Building Status Existing Country Us Land Use OfficeRetail Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Property Sub Type Retail Special Listing Conditions Standard Water Source See Remarks

    Listing provided courtesy of Doresa Wang of Treeline Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-12-04T11:27:31.037. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Results Group | Berkshire Hathaway HomeServices California Realty. Licensed in the State of California, USA.

     
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    The Results Group | Berkshire Hathaway HomeServices California Realty
    501 Stuart Street, Suite 101
    Redlands CA, 92373