19 S. Garfield

Investment Overview

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 SELLER WILL DELIVER THE +-2,300 SF GROUND-FLOOR ANCHOR RESTAURANT SPACE VACANT AT CLOSE, GIVING A RESTAURANT OPERATOR A TURN-KEY, FULL BUILT-OUT COMMERCIAL KITCHEN IN ONE OF THE SAN GABRIEL VALLEY'S HIGHEST-TRAFFIC CORRIDORS, with income from the remaining tenants helping offset occupancy costs. 

For investors, the 7,000 SF two-story building is 100% leased and offered at $3,499,000, with below-market rents, short-term and month-to-month leases, and near-term rollovers that provide a clear path to pro forma NOI growth. Major capital improvements are complete, including a new roof (January 2025) with a 20-year warranty and four of six HVAC units replaced in the past five years. With strong visibility, individual utility metering, elevator access, and a Walk Score of 97, the property works equally well for an owner-user restaurant operator or an investor seeking durable income and long-term appreciation.

Investment Highlights

• Owner-user restaurant opportunity: Seller delivers the ±2,300 SF ground-floor space vacant at close with a full commercial kitchen.
• Below-market rents and near-term lease rollovers provide immediate upside and the ability to reposition income to market.
• 100% leased asset offered at a 4.56% in-place CAP with a clear path to a 6.5%+ pro forma CAP through near-term rent growth.
• Each unit is separately metered
• Walker's Paradise (97): Walking distance to Regal Cinemas, Sephora, Sprouts, Blaze Pizza, Ross Dress for Less, and many more!
• Elevator serviced
• Established ground-floor restaurant tenants deliver durable cash flow supported by strong foot traffic and visibility.
• On-site restaurant: Borneo Eatery
• One-site cafe: Uncle Fung Coffee Stall
• Limited deferred maintenance with a new roof completed in 2025 (20-year warranty) and most HVAC units recently replaced.
• Ample parking: Near major public parking structures
• Close proximity to 710 & 10 FWYs
• Private restrooms in each suite