428 N Garfield Avenue, Alhambra, CA 91801

Local realty services provided by:ERA Donahoe Realty
#1#2#3
428 N Garfield Avenue,Alhambra, CA 91801
$1,580,000
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  • 5 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by:handoko chen
Office:growth investment group pasade
MLS#:AR25171707
Source:SANDICOR

Price summary

  • Price:$1,580,000

About this home

Close to 7% Proforma CAP Rate. First time for sale for more than 34 years. A prime 5-unit value add deal located in north Alhambra and just steps away from downtown Alhambra on Garfield Ave & Main St. 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

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Home facts

  • Listing Id #:AR25171707
  • Added:166 day(s) ago
  • Updated:August 17, 2025 at 03:30 AM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:4

Heating and cooling

  • Cooling:Wall/Window

Finances and disclosures

  • Price:$1,580,000
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