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103 N Garfield Ave 11,224 SF 100% Leased Retail Building Alhambra, CA 91801 $4,998,888 ($445.37/SF)
Executive Summary
103 N Garfield Ave presents a rare opportunity to acquire a fully occupied medical and professional office building in the heart of Alhambra's Central Business District. The +/- 11,224 square-foot property benefits from excellent visibility, strong traffic counts, and a prime location within one of the San Gabriel Valley's most active commercial corridors. Surrounded by a vibrant mix of highly regarded restaurants and situated directly across from a major movie theater, the property enjoys consistent daytime and evening activity that supports strong tenant demand.
Currently 100% occupied, the asset provides stable in-place income with significant upside through the repositioning of below-market rents and improved expense recoveries under its modified gross lease structure. With an in-place NOI of approximately $180,000 and projected NOI exceeding $275,000, the property offers a compelling value-add opportunity for investors seeking dependable cash flow and meaningful income growth in a highly desirable market.
Currently 100% occupied, the asset provides stable in-place income with significant upside through the repositioning of below-market rents and improved expense recoveries under its modified gross lease structure. With an in-place NOI of approximately $180,000 and projected NOI exceeding $275,000, the property offers a compelling value-add opportunity for investors seeking dependable cash flow and meaningful income growth in a highly desirable market.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
11,224 SF
Building Class
B
Year Built
1990
Price
$4,998,888
Price Per SF
$445.37
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.76
Lot Size
0.34 AC
Zoning
Alhambra CBD - Central Business District. General Commercial. Medical offices with Retail Potential.
NO CANNABIS USES.
Parking
20 Spaces (1.78 Spaces per 1,000 SF Leased)
Frontage
77’ on North Garfield Avenue
Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5337-019-021 | Improvements Assessment | $1,516,574 |
| Land Assessment | $1,672,692 | Total Assessment | $3,189,266 |
Property Taxes
Parcel Number
5337-019-021
Land Assessment
$1,672,692
Improvements Assessment
$1,516,574
Total Assessment
$3,189,266
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