103 N Garfield Ave

103 N Garfield Ave, Alhambra, CA 91801

Property Information

  • For Sale $4,998,888
  • 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

Description

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.

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

Contacts

Location

Located at 103 N Garfield Ave, Alhambra, CA 91801, this property is part of the Alhambra neighborhood and Los Angeles market.

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