19 S Garfield Ave - Storefront Retail/Office FOR SALE


Alhambra, CA 91801
$3,600,000 USD
310-273-8645
19 S Garfield Ave, Alhambra, CA for Sale
$3,600,000 USD
Storefront Retail/Office - FOR SALE
1/6
null | 6.73% Cap Rate

19 S Garfield Ave
Alhambra, CA 91801


HIGHLIGHTS

  • 100% leased asset offered at a 4.63% in-place CAP with a clear path to a 6.7%+ pro forma CAP through near-term rent growth.
  • Below-market rents and near-term lease rollovers provide immediate upside and the ability to reposition income to market.
  • Established ground-floor restaurant tenants deliver durable cash flow supported by strong foot traffic and visibility.
  • Limited deferred maintenance with a new roof completed in 2025 (20-year warranty) and most HVAC units recently replaced.
  • Prime Downtown Alhambra location near Main St. & Garfield Ave., across from Alhambra Place Mall with a Walk Score® of 97.

OVERVIEW

19 S. Garfield Avenue is a 7,000 SF, two-story mixed-use asset located in the heart of Downtown Alhambra, directly across from Alhambra Place Mall and steps from the signalized intersection of Main Street and South Garfield Avenue. The property is 100% leased and offered at $3,600,000, reflecting a 4.63% in-place CAP rate with a clear path to a 6.7%+ pro forma CAP rate through near-term rent growth. The building benefits from below-market rents, short-term and month-to-month leases, and upcoming lease rollovers, providing immediate upside for investors. Ground-floor restaurant tenants deliver stable cash flow, while the second floor offers flexibility for rent growth or ±3,000 SF owner-user occupancy. Major capital improvements have been completed, including a new roof (January 2025) with a 20-year warranty and four of six HVAC units replaced within the past five years, minimizing near-term capital exposure. With strong visibility, individual utility metering, elevator access, and a Walk Score® of 97, the property presents an attractive opportunity for investors seeking durable income, near-term NOI growth, and long-term appreciation in a high-demand San Gabriel Valley submarket

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$514 USD /SF

CAP RATE

6.73%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Restaurant, Loft/Creative Space, Medical

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

ALCBD/DRD*

APN/PARCEL ID

5344-033-005

ASK ABOUT THIS PROPERTY

Seve WoodsCamacho CommercialMore Info
310-273-8645

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Seve WoodsCamacho CommercialMore Info
310-273-8645

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.