103 N Garfield Ave

For Sale

103 N Garfield Ave, Alhambra, CA 91801

This Alhambra property for sale is located at 103 N Garfield Ave. The general use of 103 N Garfield Ave is office and it incorporates 11,224 square feet of class B office space. The current listed sale price for 103 N Garfield Ave is $4,998,888. 103 N Garfield Ave is situated on a lot that is 0.35 acre in size.

Contacts

Mauricio Olaiz

Lee & Associates - Pasadena

Property Details

  • Property Type Office - Medical Office
  • Property Size 11,224 SF
  • Lot Size 0.35 Acre
  • Building Class B
  • Year Built 1990
  • Date Updated Jun 17, 2026
Fully occupied medical and professional office building located in downtown Alhambra’s Central Business District along the dining and retail corridor, directly across from a major movie theater.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.
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Highlights

  • ±11,224 SF multi-tenant medical/office building
  • 100% occupied with stable in-place income
  • Below-market rents across multiple tenants
  • Lease rollover provides mark-to-market rental growth
  • Modified gross leases allow for improved expense recovery over time
  • Pro forma NOI of approximately $275K+
  • Recent capital improvements completed, including parking lot upgrades
  • Significant value-add opportunity with ~50%+ NOI upside
  • Strong tenant demand for medical and professional office space in the submarket

Getting around

  • 95/100

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  • 50/100

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Location

  • City Alhambra, CA
  • Neighborhood Alhambra
  • Zip Code 91801
  • Market Los Angeles

Points of Interest

  • Indiana

    5.64 miles

  • Soto Station

    5.95 miles

  • Montebello/Commerce

    6.15 miles

  • Mariachi Plaza Metro Station Entrance

    6.22 miles

  • Chinatown Station

    6.58 miles

  • Chinatown

    6.59 miles

  • Los Angeles Union Station

    6.71 miles

  • Union Station

    6.73 miles

  • Civic Center/Grand Park

    7.29 miles

  • Civic Center/Grand Park Station

    7.31 miles

  • United Oil

    0.39 miles

  • 76

    0.74 miles

  • Shell

    1.24 miles

  • Costco Gasoline

    1.33 miles

  • Mobil

    1.42 miles

  • Arco

    1.84 miles

  • Tesla Supercharger

    6.22 miles

  • eVgo

    8.96 miles

  • Mission District Park-and-Ride

    1.04 miles

  • San Gabriel Mission High School Parking

    1.17 miles

  • Hospital Employee Parking

    1.25 miles

  • Park-n-Ride

    2.05 miles

  • West Lot

    2.49 miles

  • Garland Parking Lot

    2.53 miles

  • Tournament Park parking lot

    2.55 miles

  • Student Pick-up and Drop-off

    2.61 miles

  • Lot 6

    2.63 miles

  • Visitor Parking

    2.65 miles

  • Days Inn

    0.08 miles

  • The Alhambra Hotel

    1.36 miles

  • The Langham Huntington

    1.72 miles

  • Hilton Los Angeles/San Gabriel

    1.81 miles

  • Courtyard Los Angeles Monterey Park

    1.91 miles

  • 목사님댁

    2.10 miles

  • Super 8

    2.18 miles

  • Lincoln Plaza Hotel

    2.39 miles

  • Travelodge Rosemead

    2.45 miles

  • Garvey Inn

    2.57 miles

  • Burlington

    0.13 miles

  • Sprouts Farmers Market

    0.14 miles

  • Smart & Final Extra!

    0.52 miles

  • Ralphs

    0.77 miles

  • ALDI

    1.06 miles

  • Target

    1.17 miles

  • Mitsuwa Marketplace

    1.28 miles

  • Asia Supermarket

    1.30 miles

  • Strip Mall

    1.34 miles

  • Big Lots

    1.38 miles

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