Building Details

Year Built 1961

Listing Agency: Roher Realty

Listed By: Glenn Roher · License #01268860 Show Phone

Source: Myfabuloushome

Added: Mar 27 Changed: Sep 12 Last Checked: Oct 5 at 8:04PM

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Investment Insights

Based on property information with market context.

This industrial property, offering 23,514 square feet, is available for sale. The property is located in Alhambra, California.

Key Highlights

• Industrial Property
• 23,514 SqFt

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$274,786

Cap Rate

6.47%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,495,720 $5.5M

Cap Rate 7%

$3,925,514 $3.9M

Cap Rate 9%

$3,053,178 $3.1M

Market Conditions

NOI Build-Up for 23,514 SF

Gross rent

$417.6K $17.76/SF

− Vacancy

−$25.1K −$1.07/SF

EGI

$392.6K $16.69/SF

− OpEx

−$117.8K −$5.01/SF

NOI

$274.8K $11.69/SF

Area

Los Angeles County, CA

Vacancy

6.00%

Lease Rate

$17.76 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,495,720

Cap Rate 7%

$3,925,514

Cap Rate 9%

$3,053,178

Alternative Uses

Best Use

Industrial

$3.93M

$3.43M – $4.58M (±1% cap)

NOI $274,786 @ 7.0% cap · market cap 6.47%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$12.59M

$11.02M – $14.69M (±1% cap)

NOI $881,251 @ 7.0% cap · market cap 20.74%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Rod's Unfinished Furniture ... Big Box & Wholesale Store

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Building Supply Restaurant Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,547

Businesses Nearby

Explore this area Business Placement

Demographics for 91803, CA

29,374

Population

10,439

Households

2.8

Avg Household Size

42

Median Age

37%

College-Educated

80%

High-School Grad

3.3 sq mi

ZIP Area

8,901

Density / Sq Mi

$84,537

Median Household Income

$47,579

Median Earnings

$1,790

Median Rent

$831,800

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this industrial properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Industrial property - 23,514 SqFt industrial property available in Alhambra, California.

Where is this industrial property located?

The property is located at 1121 S Meridian Ave Alhambra, CA.

What is the asking price?

The asking price for this property is $4,250,000.

What are key features of this property?

This property features: Industrial Property; 23,514 SqFt