Medical Office Building with
For Sale
$4,888,888
1048 S Garfield, Alhambra, CA 91801
Well-maintained medical office building with 8 suites, 20 restrooms, and 37 parking spaces including ADA access.
Property Size17,933 SF
Price / SF$444.44
Days on Market334
Property Features for 1048 S Garfield
General Information
Standard status
Active
Size
17,933 SF
Total Parking Spaces
37
Property subtype
Office
Additional Details
Office Units
8
Building Details
Building Size
17,933 SF
Year Built
1987
Tenancy
Multi
Listing Agency:
RE/MAX Dynasty
Listed By:
Yolanda Rubio · License #01974232
(562) 945-2221
Source:
Velocityrealtysd
Added: Nov 7, 2025
Changed: Sep 30
Last Checked: Oct 6 at 12:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Dynasty
Investment Insights
Based on property information with market context.
This 11,000-square-foot medical office building in Alhambra features 8 suites and 20 restrooms. The property is described as well-maintained and currently utilized as medical offices by a long-time owner-user.
On-site parking totals 37 spaces, including 2 ADA-accessible spots. There is also a 5-car VIP garage designed for additional tenant and visitor convenience. The building is located at 1048 S. Garfield Avenue and is described as having easy access to major thoroughfares, supporting convenient day-to-day visits.
The overall configuration is purpose-built for multi-suite medical use, offering defined suite spaces within a maintained office building environment.
On-site parking totals 37 spaces, including 2 ADA-accessible spots. There is also a 5-car VIP garage designed for additional tenant and visitor convenience. The building is located at 1048 S. Garfield Avenue and is described as having easy access to major thoroughfares, supporting convenient day-to-day visits.
The overall configuration is purpose-built for multi-suite medical use, offering defined suite spaces within a maintained office building environment.
Key Highlights
- 11,000 SF medical office building at 1048 S. Garfield Ave, Alhambra, CA
- 8 suites currently utilized as medical offices
- 20 restrooms serving the office suites
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$240,451
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,809,020
$4.8M
Cap Rate 7%
$3,435,014
$3.4M
Cap Rate 9%
$2,671,678
$2.7M
Market Conditions
NOI Build-Up for 11,000 SF
Gross rent
$422.4K $38.40/SF
− Vacancy
−$101.8K −$9.25/SF
EGI
$320.6K $29.15/SF
− OpEx
−$80.2K −$7.29/SF
NOI
$240.5K $21.86/SF
Area
Los Angeles County, CA
Vacancy
24.10%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,809,020
Cap Rate 7%
$3,435,014
Cap Rate 9%
$2,671,678
Alternative Uses
Best Use
Office B
$3.44M
$3.01M – $4.01M
NOI $240,451 @ 7.0% cap · market cap 4.92%
Second Best
Healthcare Medical
$2.98M
$2.61M – $3.48M
NOI $208,603 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$5.89M
$5.15M – $6.87M
NOI $412,255 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
8
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,591
Businesses Nearby
Explore this area
Business Placement
Demographics for 91801, CA
53,669
Population
21,702
Households
2.5
Avg Household Size
41
Median Age
41%
College-Educated
85%
High-School Grad
4.3 sq mi
ZIP Area
12,481
Density / Sq Mi
$85,549
Median Household Income
$47,855
Median Earnings
$1,879
Median Rent
$797,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office units - Well-maintained medical office building with 8 suites, 20 restrooms, and 37 parking spaces including ADA access.
Where is this office units located?
The property is located at 1048 S Garfield Alhambra, CA.
What is the asking price?
The asking price for this property is $4,888,888.
What are key features of this property?
This property features: 11,000 SF medical office building at 1048 S. Garfield Ave, Alhambra, CA; 8 suites currently utilized as medical offices; 20 restrooms serving the office suites
