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103 N Garfield Ave
Alhambra, CA 91801
Retail Property For Sale
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
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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