19 S GARFIELD AVE

We are pleased to present this opportunity. 19 S GARFIELD AVE is a fully occupied retail property for sale at 19 South Garfield Avenue in downtown Alhambra, CA. Its 7,000 SF of gross leasable area and 27,261 AADT traffic count put both tenancy and street exposure at the center of the investment story.

Built in 1989, the Property combines ground-floor restaurant operators with upper-floor office tenants. Building-mounted signage, a digital marquee, kitchen infrastructure and a loading dock support the mix of occupants, while elevator access connects the floors. The roof was replaced in January 2025, and four of the six HVAC units have been replaced within the past five years. Five on-site parking spaces and nearby public parking give tenants and visitors options.

Just southwest of the signalized intersection of Main Street and South Garfield Avenue, the Property sits across from Alhambra Place Mall, shown at 0.2 mile in the offering materials. Sprouts Farmers Market, Burlington and Sephora anchor the mall, bringing recognizable retail activity into the immediate setting. Alhambra Renaissance Center is shown at 0.4 mile. These neighbors give the restaurant tenants a dining and shopping context, while the office tenants benefit from access to downtown services.

Offered for $3,499,000, or $500 PSF, the fee simple asset has 100% occupancy. In-place NOI of $164,204 and an in-place cap rate of 4.56% establish the current income position; stabilized NOI of $235,867 and a stabilized cap rate of 6.55% present a distinct underwriting case. For an investor, the appeal is an occupied property with both current income and a defined stabilized scenario.