35
See all 35 photos
$1,625,000
Est. payment /mo
7,493 Sqft Lot
New
428 N Garfield AVE Alhambra, CA 91801
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UPDATED:
03/03/2025 09:29 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRAR25046580
Originating Board California Regional MLS
Year Built 1963
Lot Size 7,493 Sqft
Property Description
A prime 5-unit value add deal located in north Alhambra and just steps away from downtown Alhambra on Garfield Ave & Main St. This is the first time this property being offered for sale for more than ±34years. 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+1bath+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 o
Location
State CA
County Los Angeles
Area 601 - Alhambra
Rooms
Kitchen Oven Range - Gas
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Flooring Laminate
Laundry Laundry Area, Washer/Dryer - Owned, Community Facility
Exterior
Parking Features Assigned Spaces
Garage Spaces 8.0
Pool 31, None
View None
Roof Type Shingle
Building
Lot Description Grade - Level
Foundation Raised
Water District - Public
Others
Tax ID 5337007005
Special Listing Condition Not Applicable
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Listed by Han Chen • Growth Investment Group Pasade