Medical Office Building with
1048 S Garfield Ave Alhambra, CA 91801
1048 S Garfield Ave, Alhambra, CA, 91801
$4,888,888
For Sale
$4,888,888
Well-maintained medical office building with 8 suites, 20 restrooms, and 37 parking spaces including ADA access.
Property Size11,000 SF
Price / SF$444.44
Days on Market256
Property Features for 1048 S Garfield Ave
General Information
- Standard status
- Active
- Size
- 11,000 SF
Listing agency
RE/MAX Dynasty
(626) 607-6732
Listed by
Yolanda Rubio
(626) 607-6732
Source
Exprealty
Added: Nov 7, 2025 Updated: Jul 21 at 1:02PM Checked: Jul 21 at 1:02PM
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
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $422.4k | $38.40 |
| − Vacancy | −$101.8k | −$9.25 |
| EGI | $320.6k | $29.15 |
| − OpEx | −$80.2k | −$7.29 |
| NOI | $240.5k | $21.86 |
11,000 SF · lease $38.40/SF/yr · vacancy 24.10% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Wu Elsie MD
Physician
Chiang John C ...
Physician
Yee Henry C ...
Physician
Arthur Kong Inc
Pediatrician
Cheung Raymond MD
Physician
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FAQs
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 Ave 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
