428 N Garfield Avenue

Alhambra, CA 91801

  • 0 Bed(s)
  • 0 Bath(s)
  • 4,226 Sqft
  • 7493
    Sqft(Lot)
$1,625,000

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 of the unit(s) have updated flooring. the kitchen and bathroom are not upgraded. most of the units are well maintained. the current income is estimated ±80% below market (buyer to verify), thus providing an attractive investment for a savvy multifamily investor.



the property has a total of 8 parking spaces provided by 5 carport spaces, 2 tuck-under parking, and 1 garage that is being used as a storage room. there is no parking soft story retrofit requirement in alhambra. there is a shared laundry room – machines are seller’s own. each unit is separately metered for electricity and gas.



the property is strategically located in the north alhambra area, considered to be one of the best locations in alhambra. this area is adjacent to the city of south pasadena and city of san marino. the property is within walking distance to costco, target, and minutes away from downtown alhambra on atlantic & main which include many restaurants, shopping and entertainment such as: edwards alhambra renaissance 14 & imax, burlington coat factory, 38 degree ale house & grill, the granada la, and almost all amenities the city of alhambra has to offer.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    48817005

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Roof : Asbestos Shingle
    • Property Appliances: Gas Range
    • Fireplace: Family Room
    • Flooring: Carpet,Laminate,Wood

    Cooling Features

    • Wall/Window Unit(s)
    • Air Conditioning

    Heating Source

    • Wall Furnace
    • Has Heating

    Fireplace

    • Fireplace Features: Family Room
    • Has Fireplace: 1

  • Building Information

    • Year Built: 1963
    • Building Area Total: 4,226
    • Roof: Asbestos Shingle

    Foundation

    • Raised

    Accessibility Features

    • None

    Pool Features

    • None

    Laundry Features

    • Common Area

    Fencing

    • None

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.172
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 7493

  • Listing Price Information

    • Original List Price: 1,625,000
    • Listing Contract Date: 2025-03-03

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5337007005

  • Garage and Parking

    • Garage Description: Assigned

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Electricity,Gas

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 601 - Alhambra
    • Postal Code Plus 4: 2436
    • Directions: Huntington Dr go south on Garfield Ave, after Alhambra Rd building is on the left hand side
    • Zoning: ALRPD*
    • Source Property Type: Residential Income
    • Area: 601 - Alhambra
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 62
    • Common Walls: 2+ Common Walls
    • Structure Type: Apartment
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 04/21/2025 @ 01:53

  • MLS: AR25046580
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 4,226 sqft, 7,493 sized lot, and 1 parking. are nearby neighborhoods.