428 N Garfield Ave | Alhambra, CA 91801
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- LoopNet Team
428 N Garfield Ave
Alhambra, CA 91801
5-unit north Alhambra, Owner for ±34years · Multifamily Property For Sale
·
5 Units
Investment Highlights
- One of the Best Location in Alhambra, north Alhambra, adjacent to both San Marino and South Pasadena
- First Time for sale for ±34 years! Most tenants are month to month tenants.
- The first unit is a large 2bed+1bath+den (±1100 SF - ±1200SF – buyer to verify).
- Close to 7% Proforma CAP Rate, Approximately ±65% rental upside potential; NO LOCAL Rent Control (only CA 1482)
- Prime Value-add 5-unit in an excellent location several blocks from Downtown Alhambra (Garfield & Main)
- Excellent unit mix, Large building (±4226SF) averaging about ±845 SF/unit; Ample parking with 8 parking spaces
Property Facts
| No. Units | 5 | Building Size | 4,226 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1963 |
| Building Class | C | Parking Ratio | 1.89/1,000 SF |
| Lot Size | 0.17 AC | ||
| Zoning | ALRPD* | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,226 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.89/1,000 SF |
| Zoning | ALRPD* |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 1 | - | 1,100 - 1,200 |
| 2+1 | 2 | - | 850 - 900 |
| 1+1 | 2 | - | 600 |
Property Taxes
| Parcel Number | 5337-007-005 | Improvements Assessment | $521,657 |
| Land Assessment | $406,708 | Total Assessment | $928,365 |
Property Taxes
Parcel Number
5337-007-005
Land Assessment
$406,708
Improvements Assessment
$521,657
Total Assessment
$928,365
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