428 N Garfield Avenue
Alhambra, CA 91801
- – beds
- – baths
- – sqft
- 7,493 sqft lot
- 1963 build
- – on site
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.
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Last updated Mar 11, 2025
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MLS# AR25046580 —
The Building
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Year Built:1963
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:4226.00
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Building Area Units:Square Feet
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Total Number Of Units:5
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# of Buildings:1
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Roof:Asbestos Shingle
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Foundation:Raised
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Stories Total:2
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Entry Level:1
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Accessibility Features:None
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Common Walls:2+ Common Walls
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Faces:Southwest
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# of Separate Gas Meters:6
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# of Separate Water Meters:1
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# of Separate Electric Meters:6
Interior
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Levels:Two
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Entry Location:1
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Flooring:Carpet, Laminate, Wood
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Number Wall AC:5
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Fireplace:Yes
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Fireplace:Family Room
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Laundry:Common Area, Community
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Laundry:1
Location
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Directions:Huntington Dr go south on Garfield Ave, after Alhambra Rd building is on the left hand side
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Latitude:34.10017900
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Longitude:-118.12994200
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Zoning:ALRPD*
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Lot Features:Level with Street, Lot 6500-9999, Rectangular Lot, Near Public Transit
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Lot Size Area:7493.0000
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Lot Size Acres:0.1720
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Lot Size SqFt:7493.00
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Lot Size Source:Assessor
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View:None
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Fencing:None
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Fence:No
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Road Frontage:City Street
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Road Surface Type:Paved
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Block:A
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Tax Census Tract:4803.02
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Tax Lot:5
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5337007005
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
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Cooling:Yes
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Cooling:Wall/Window Unit(s)
Utilities
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Utilities:Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
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Sewer:Public Sewer
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Electric:Standard
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Water Source:Public
Appliances
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Appliances:Gas Range
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Included:Yes
The Community
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Neighborhood:NORTH ALHAMBRA
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Features:Valley
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Association:No
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Pool:None
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Senior Community:No
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Private Pool:No
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Spa Features:None
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Assessments:Yes
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Assessments:Buyer to Verify
Parking
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Parking:Yes
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Parking:Assigned
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Parking Spaces:8.00
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Garage Spaces:1.00
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Carport Spaces:7.00
Extra Units
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Number With Disposal:5
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
3/3/25
Mar 3, 2025
|
Listed / Active | CRMLS_CA | $1,625,000 |