9637 Valley Blvd, Rosemead, CA 91770

NAI Capital, as exclusive advisors to ownership, is proud to present for sale a mixed-used residential-commercial development opportunity. The 11 contiguous parcels consist of approximately 18,923 SF of commercial and residential structures situated on 2.06 acres. The Jiffy Lube and Billboard can be sold separately as a Single Tenant Net Lease Investment, thereby reducing the purchase to 1.84 acres. The properties run along Valley Boulevard to the south, Temple City Boulevard to the east and Lorica Street to the north. The buildings are 100% occupied by 13 tenants, with 10 tenants on month-to-month rental agreements. The tenant mix ranges from retail, residential, medical and a billboard. The gross revenue totals over $257K with most of the rental rates below market. The subject parcels are situated within the city of Rosemead's C-3 zoning with a Residential/Commercial Mixed Use Development Overlay (RC-MUDO) and a Design Overlay (DO). The general plan allows for 60 dwelling units/acre, 75% residential/25% commercial, 4 stories/55 feet, FAR 2.0 and no affordable component or variable height requirement necessary. The city will also support a live/work design and outdoor dining.  « show less

NAI Capital, as exclusive advisors to ownership, is proud to present for sale a mixed-used residential-commercial development opportunity. The...  show more »