Mixed Use Building with Views in El Granada | 99 Alhambra Ave
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Mixed Use Building with Views in El Granada 99 Alhambra Ave
3,866 SF Office Building El Granada, CA 94019 £1,388,849 (£359/SF) 3.74% Net Initial Yield
Investment Highlights
- Visibility from Highway One
- Private deck and outdoor space
Executive Summary
Welcome to 99 Ave Alhambra, a unique and versatile property offering an incredible opportunity in the heart of El Granada. This commercial zoned property spans 3866 square feet on a generous 9343 square foot corner lot, ensuring visibility from the well-traveled Highway One. The downstairs commercial space, totaling 2141 square feet, presents endless possibilities for entrepreneurial ventures. Perched atop this property are TWO charming 1-bedroom, 1-bathroom apartments, each spanning 699 square feet. The apartments boast private outdoor space and a deck, providing a serene retreat to enjoy the captivating harbor views. For those seeking a dynamic investment, the potential of this property is truly remarkable. Whether you envision a thriving commercial enterprise, a residential haven, or a combination of both, this property is a canvas awaiting your creative touch. With its prime location and versatile layout, 99 Ave Alhambra presents a rare chance to craft a distinctive and flourishing space tailored to your vision. Don't miss the opportunity to explore the endless possibilities this property has to offer. Near thriving Coastside businesses like Spangler's Market, Easy Mart, Harbor Pizza and across the highway from The Harbor businesses and across from Samtrans Bus Stop.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
3,866 SF
Building Class
C
Year Built
1986
Price
£1,388,849
Price Per SF
£359
Net Initial Yield
3.74%
NOI
£51,876
Tenancy
Single
Number of Floors
2
Typical Floor Size
1,933 SF
Building FAR
0.42
Lot Size
0.21 AC
Zoning
C-1/S-3/DR/CD - Neighborhood commercial
Parking
8 Spaces (2.07 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 047-091-240 | Total Assessment | £698,129 (2023) |
| Land Assessment | £252,642 (2023) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £445,486 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
047-091-240
Land Assessment
£252,642 (2023)
Improvements Assessment
£445,486 (2023)
Total Assessment
£698,129 (2023)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024
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Mixed Use Building with Views in El Granada | 99 Alhambra Ave
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