19 S Garfield Ave 7,000 SF 100% Leased Retail Building Alhambra, CA 91801 $4,879,080 CAD ($697.01 CAD/SF) 6.73% Cap Rate

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