CA > Alhambra
Alhambra, CA 91801,428 N Garfield Avenue
Alhambra, CA 91801,428 N Garfield Avenue
Alhambra, CA 91801,428 N Garfield Avenue
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Listed by Handoko Chen • Growth Investment Group Pasade
$1,580,000
Est. payment /mo
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4,226 SqFt
Pending

428 N Garfield Avenue Alhambra, CA 91801

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Violet Sinclaire

Violet Sinclaire

+1(415) 713-9420

UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Pending

Purchase Type For Sale

Square Footage 4,226 sqft

Price per Sqft $373

MLS Listing ID CRAR25171707

HOA Y/N No

Year Built 1963

Lot Size 7,493 Sqft

Property Sub-Type Other

Source Datashare California Regional

Property Description

Close to 7% Proforma CAP Rate. First time for sale for more than ±34 years. A prime 5-unit value add deal located in north Alhambra and just steps away from downtown Alhambra on Garfield Ave & Main St. It is situated on Garfield Ave and adjacent to both San Marino and South Pasadena; yet it provides convenience to tenants due to its strategic location just within minutes to many area amenities like shopping (Costco, Target), Alhambra Park, schools, churches, downtown Alhambra on Main Street, and easy access to FWY 10 and FWY 110 via Fremont Ave. This property offers investors an opportunity to buy an easy to manage and rent apartment in the best location of Alhambra. Most tenants are on month-to-month rental agreement providing immediate upside on rent increases. The area does not have any local rent control (it is under California AB1482 rent control). The property is a two-story garden style apartment that was built in 1963. It has an unusual large building size of ±4,226 SF which translates to large average unit size of ±845 SF/unit. It is on a large ±7,490 SF lot. It has an excellent unit mix of one (1) x large 2bed+1.5bath+den, two (2) x 2bed+1bath, and two (2) x 1bed+1bath units. The 2bed+1bath+den is an unusually large ±1100-±1200SF unit (buyer to verify). Some of th

Location

State CA

County Los Angeles

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Laminate, Carpet, Wood

Fireplace No

Laundry Common Area, Other

Exterior

View None

Building

Lot Description Level, Other

Bay East AOR and Contra Costa AOR
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.

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agent

Violet Sinclaire

Agent | CA DRE #01990089

+1(415) 713-9420

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